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REGISTERED NUMBER: 08677440 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

IREMOVALS UK LTD

IREMOVALS UK LTD (REGISTERED NUMBER: 08677440)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IREMOVALS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTOR: Mr D Koulke





REGISTERED OFFICE: 94C Hampstead Avenue
Mildenhall
Suffolk
IP28 7AS





REGISTERED NUMBER: 08677440 (England and Wales)





ACCOUNTANTS: Twinn Accountants Limited
Suite 4, East Barton Barns
East Barton Road
Great Barton
Bury St. Edmunds
Suffolk
IP31 2QY

IREMOVALS UK LTD (REGISTERED NUMBER: 08677440)

BALANCE SHEET
30 SEPTEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,130 47,154
Investments 5 2,388 2,608
49,518 49,762

CURRENT ASSETS
Stocks 6 320 258
Debtors 7 69,872 42,771
Cash at bank 3,422 12,825
73,614 55,854
CREDITORS
Amounts falling due within one year 8 263,156 209,090
NET CURRENT LIABILITIES (189,542 ) (153,236 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(140,024

)

(103,474

)

CREDITORS
Amounts falling due after more than one
year

9

31,483

37,038
NET LIABILITIES (171,507 ) (140,512 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (171,508 ) (140,513 )
SHAREHOLDERS' FUNDS (171,507 ) (140,512 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IREMOVALS UK LTD (REGISTERED NUMBER: 08677440)

BALANCE SHEET - continued
30 SEPTEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 25 September 2024 and were signed by:





Mr D Koulke - Director


IREMOVALS UK LTD (REGISTERED NUMBER: 08677440)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

iRemovals UK Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 25% on reducing balance
Fixtures & furnishings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

IREMOVALS UK LTD (REGISTERED NUMBER: 08677440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

Assets held under finance leases are recognised as assets at the lower of the asset's fair value at the date of inception and the present value of minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of the capital and interest elements. The interest is charged to the profit and loss so as to produce a constant periodic rate of interest of the remaining balance of the liability.

Rentals payable under the operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leased asset are consumed.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investments
Fixed asset investments relate to Cryptocurrency which is being measured under the revaluation method.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 9 ) .

4. TANGIBLE FIXED ASSETS
Fixtures Motor Computer
Equipment & furnishings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 October 2022 15,534 1,625 82,786 6,063 106,008
Additions 1,688 - 13,762 1,967 17,417
At 30 September 2023 17,222 1,625 96,548 8,030 123,425
DEPRECIATION
At 1 October 2022 10,337 940 43,452 4,125 58,854
Charge for year 1,725 172 13,275 2,269 17,441
At 30 September 2023 12,062 1,112 56,727 6,394 76,295
NET BOOK VALUE
At 30 September 2023 5,160 513 39,821 1,636 47,130
At 30 September 2022 5,197 685 39,334 1,938 47,154

5. FIXED ASSET INVESTMENTS

Investments (neither listed nor unlisted) were as follows:
2023 2022
£    £   
Cryptocurrency 2,388 2,608

IREMOVALS UK LTD (REGISTERED NUMBER: 08677440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

6. STOCKS
2023 2022
£    £   
Stocks 320 258

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 59,534 29,774
Amounts owed by group undertakings 4,670 5,170
Other debtors 3,300 3,300
Corporation tax - 1,587
Prepayments 2,368 2,940
69,872 42,771

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 7,136 2,956
Social security and other taxes 162,740 118,822
Other creditors 6,471 8,090
Director's current account 74,129 67,398
Accrued expenses 7,124 6,268
263,156 209,090

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 5,556 5,556
Bank loans - 2-5 years 16,667 16,667
Bank loans more than 5 years 9,260 14,815
31,483 37,038

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 9,260 14,815

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 2,566 7,699
Between one and five years - 2,566
2,566 10,265

IREMOVALS UK LTD (REGISTERED NUMBER: 08677440)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

11. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bounce Back Loan 37,037 42,593

The Bounce Back Loan is secured by the UK government.