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Registered number: 10801358
i2 Global Consulting Limited
Financial Statements
For the Period 1 April 2023 to 31 December 2023
Corinthian Tax LLP
Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 10801358
31 December 2023 31 March 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 26,398 25,061
Investments 5 33 33
26,431 25,094
CURRENT ASSETS
Debtors 6 38,892 442,171
Cash at bank and in hand 1,357,902 1,258,483
1,396,794 1,700,654
Creditors: Amounts Falling Due Within One Year 7 (64,193 ) (349,062 )
NET CURRENT ASSETS (LIABILITIES) 1,332,601 1,351,592
TOTAL ASSETS LESS CURRENT LIABILITIES 1,359,032 1,376,686
Creditors: Amounts Falling Due After More Than One Year 8 (23,274 ) (30,746 )
NET ASSETS 1,335,758 1,345,940
CAPITAL AND RESERVES
Called up share capital 11 11
Profit and Loss Account 1,335,747 1,345,929
SHAREHOLDERS' FUNDS 1,335,758 1,345,940
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Page 2
For the period ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Garry Cook
Director
25/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
i2 Global Consulting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 10801358 . The registered office is Lynnfield House, Church Street, Altrincham, WA14 4DZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
Computer Equipment 25% Straight Line
3. Average Number of Employees
Average number of employees, including directors, during the period was: 2 (2023: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2023 35,566 9,733 45,299
Additions 8,464 - 8,464
As at 31 December 2023 44,030 9,733 53,763
Depreciation
As at 1 April 2023 13,493 6,745 20,238
Provided during the period 6,127 1,000 7,127
As at 31 December 2023 19,620 7,745 27,365
Net Book Value
As at 31 December 2023 24,410 1,988 26,398
As at 1 April 2023 22,073 2,988 25,061
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5. Investments
Unlisted
£
Cost
As at 1 April 2023 33
As at 31 December 2023 33
Provision
As at 1 April 2023 -
As at 31 December 2023 -
Net Book Value
As at 31 December 2023 33
As at 1 April 2023 33
6. Debtors
31 December 2023 31 March 2023
£ £
Due within one year
Trade debtors - 397,352
Other debtors (Debtors < 1 year) 37,176 17,176
VAT 1,716 3,588
Directors' loan accounts - 24,055
38,892 442,171
7. Creditors: Amounts Falling Due Within One Year
31 December 2023 31 March 2023
£ £
Trade creditors 1,122 5,852
Bank loans and overdrafts 9,933 9,747
Corporation tax 29,120 329,111
Other taxes and social security 218 352
Accruals and deferred income 4,500 4,000
Directors' loan accounts 15,716 -
Amounts owed to other participating interests 3,584 -
64,193 349,062
8. Creditors: Amounts Falling Due After More Than One Year
31 December 2023 31 March 2023
£ £
Bank loans 23,274 30,746
23,274 30,746
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9. Directors Advances, Credits and Guarantees
Included within creditors are the following loans owing to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 December 2023
£ £ £ £ £
Ms Nina Hargreaves - 42,154 44,738 - (2,583 )
Mr Garry Cook 24,055 32,314 69,503 - (13,134 )
The above loan is unsecured and repayable on demand.
10. Related Party Transactions
Included within Debtors is an amount owed to the company from another entity in which the company is a shareholder.
Included within Crediors is an amount owed to a shareholder who is not a director.
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