Company Registration No. 09403319 (England and Wales)
IRELAND ASSOCIATES LIMITED
Unaudited accounts
for the year ended 5 April 2024
IRELAND ASSOCIATES LIMITED
Unaudited accounts
Contents
IRELAND ASSOCIATES LIMITED
Company Information
for the year ended 5 April 2024
Directors
Nicholas Ireland
Victoria Ireland
Company Number
09403319 (England and Wales)
Registered Office
HOLLY COTTAGE
HOLLY STREET
LEAMINGTON SPA
WARWICKSHIRE
CV32 4TN
UNITED KINGDOM
Accountants
Accounts and Returns Ltd
26 Smith St
Warwick
CV34 4HS
IRELAND ASSOCIATES LIMITED
Statement of financial position
as at 5 April 2024
Cash at bank and in hand
14,727
18,021
Creditors: amounts falling due within one year
(5,008)
(21,996)
Net current assets
9,719
600
Called up share capital
100
100
Profit and loss account
9,657
550
Shareholders' funds
9,757
650
For the year ending 5 April 2024 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by
Nicholas Ireland
Director
Company Registration No. 09403319
IRELAND ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 5 April 2024
IRELAND ASSOCIATES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09403319. The registered office is HOLLY COTTAGE, HOLLY STREET, LEAMINGTON SPA, WARWICKSHIRE, CV32 4TN, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
IRELAND ASSOCIATES LIMITED
Notes to the Accounts
for the year ended 5 April 2024
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
2,609
179
Loans from directors
1,559
21,061
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Transactions with related parties
During the year, the company repaid £19,502 of a loan from a member of key management personnel. At the balance sheet date, the outstanding balance of the loan was £1,559 and is presented within creditors: amounts falling due within one year. The loan is to be repaid on demand and interest-free.
9
Average number of employees
During the year the average number of employees was 0 (2023: 1).