Registered Number:09306111 |
For the year ended 30 November 2023
England and Wales
Unaudited Financial Statements
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
I&F Trading Limited
Statement of Financial Position
2022
2023
Property, plant and equipment |
838,855
627,305
2
838,855
627,305
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
4
4
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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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. |
276 Ashworth Lane
Bolton
BL1 8RX
The presentation currency is £ sterling. |
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 |
627,305
211,550
838,855
838,855
627,305
3. Trade and other receivables |
2022
2023
-
432
2 of 3
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
1,595
(10,900)
Taxation and social security |
3,651
2,683
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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