Irriguus Limited 14938497 false 2023-06-15 2024-06-30 2024-06-30 The principal activity of the company is the manufacture of consumer electronics. Digita Accounts Production Advanced 6.30.9574.0 true true 14938497 2023-06-15 2024-06-30 14938497 2024-06-30 14938497 bus:OrdinaryShareClass1 2024-06-30 14938497 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14938497 bus:SmallEntities 2023-06-15 2024-06-30 14938497 bus:AuditExemptWithAccountantsReport 2023-06-15 2024-06-30 14938497 bus:FilletedAccounts 2023-06-15 2024-06-30 14938497 bus:SmallCompaniesRegimeForAccounts 2023-06-15 2024-06-30 14938497 bus:RegisteredOffice 2023-06-15 2024-06-30 14938497 bus:Director1 2023-06-15 2024-06-30 14938497 bus:OrdinaryShareClass1 2023-06-15 2024-06-30 14938497 bus:PrivateLimitedCompanyLtd 2023-06-15 2024-06-30 14938497 countries:EnglandWales 2023-06-15 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14938497

Irriguus Limited

Unaudited Filleted Financial Statements

for the Period from 15 June 2023 to 30 June 2024

 

Irriguus Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 4

 

Irriguus Limited

Company Information

Director

Mr S Barker

Registered office

20 Wenlock Road
London
N1 7GU

Accountants

CLG Accountants & Business Advisors
Hagley Road Business Hub
8 Hagley Road
Stourbridge
West Midlands
DY8 1PS

 

Irriguus Limited

(Registration number: 14938497)
Balance Sheet as at 30 June 2024

Note

2024
£

Current assets

 

Stocks

4

83

Cash at bank and in hand

 

21

 

104

Creditors: Amounts falling due within one year

5

(349)

Net liabilities

 

(245)

Capital and reserves

 

Called up share capital

6

1

Retained earnings

(246)

Shareholders' deficit

 

(245)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 October 2024
 

.........................................
Mr S Barker
Director

 

Irriguus Limited

Notes to the Unaudited Financial Statements for the Period from 15 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
20 Wenlock Road
London
N1 7GU

These financial statements were authorised for issue by the director on 22 October 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis with the Director having given due consideration to the impact of Brexit and Covid-19. He is of the opinion that neither the Company's ability to trade nor the value of its assets will be significantly impaired. The Director has also committed his financial support to the Company for the foreseeable future.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

 

Irriguus Limited

Notes to the Unaudited Financial Statements for the Period from 15 June 2023 to 30 June 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 0.

4

Stocks

2024
£

Work in progress

83

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

150

Other creditors

199

349

6

Share capital

Allotted, called up and fully paid shares

2024

No.

£

Ordinary of £1 each

1

1