2022-12-01 09306111 2023-11-30 09306111 2022-12-01 2023-11-30 09306111 2022-11-30 09306111 2021-12-01 2022-11-30 09306111 uk-core:WithinOneYear 2022-11-30 09306111 uk-core:WithinOneYear 2023-11-30 09306111 uk-core:AfterOneYear 2022-11-30 09306111 uk-core:AfterOneYear 2023-11-30 09306111 uk-core:ShareCapital 2023-11-30 09306111 uk-core:ShareCapital 2022-11-30 09306111 uk-core:RetainedEarningsAccumulatedLosses 2023-11-30 09306111 uk-core:RetainedEarningsAccumulatedLosses 2022-11-30 09306111 uk-bus:Director1 2022-12-01 2023-11-30 09306111 uk-core:WithinOneYear uk-core:Secured 2023-11-30 09306111 uk-core:WithinOneYear uk-core:Secured 2022-11-30 iso4217:GBP xbrli:pure 09306111 uk-bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 09306111 uk-bus:FRS102 2022-12-01 2023-11-30 09306111 uk-bus:FilletedAccounts 2022-12-01 2023-11-30 09306111 uk-bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30
I&F Trading Limited
Registered Number:09306111
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 30 November 2023
I&F Trading Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09306111
As at 30 November 2023
I&F Trading Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
838,855
627,305
2
838,855
627,305
Current assets
Trade and other receivables
432
-
3
77,153
Cash and cash equivalents
27,018
27,018
77,585
Trade and other payables: amounts falling due within one
year
(28,892)
(61,417)
4
48,693
(34,399)
Net current liabilities
Total assets less current liabilities
804,456
675,998
Trade and other payables: amounts falling due after more
than one year
(638,820)
(751,712)
5
52,744
Net assets
37,178
Capital and reserves
Called up share capital
4
4
Retained earnings
52,740
37,174
52,744
37,178
Shareholders' funds
For the year ended 30 November 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 of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Feroz Vali Patel Director
These financial statements were approved and authorised for issue by the Board on 20 October 2024 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 November 2023
I&F Trading Limited
Notes to the Financial Statements
Statutory Information
I&F Trading Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 09306111.
Registered address:
276 Ashworth Lane
Bolton
BL1 8RX
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Property, plant and equipment
Land and
buildings
£
Cost or
valuation
At 01 December 2022
627,305
211,550
Additions
At 30 November 2023
838,855
At 30 November 2023
Net book value
838,855
At 30 November 2022
627,305
3. Trade and other receivables
2022
2023
£
£
Trade debtors
-
432
2 of 3
5
For the year ended 30 November 2023
I&F Trading Limited
Notes to the Financial Statements Continued
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
10,000
Trade creditors
1,595
(10,900)
Taxation and social security
3,651
2,683
Other creditors
56,171
27,109
61,417
28,892
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft (secured)
-
37,585
Amounts owed to group undertaking and undertaking in which the
company has a participating interest
751,712
601,235
751,712
638,820
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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