Company Registration No. 04432196 (England and Wales)
Illac Limited
Unaudited accounts
for the year ended 31 May 2024
Illac Limited
Unaudited accounts
Contents
Illac Limited
Company Information
for the year ended 31 May 2024
Directors
Mr A J Merrell
Dr M Ararat
Company Number
04432196 (England and Wales)
Registered Office
HILLSIDE
WOOLSTONE
FARINGDON
SN7 7QL
ENGLAND
Accountants
Swash & Co
Boston House
Grove Business Park
Wantage
Oxfordshire
OX12 9FF
Illac Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
121,675
52,506
Creditors: amounts falling due within one year
(107,840)
(31,133)
Net current assets
24,323
21,687
Called up share capital
2
2
Profit and loss account
24,321
21,685
Shareholders' funds
24,323
21,687
For the year ending 31 May 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 21 October 2024 and were signed on its behalf by
Mr A J Merrell
Director
Company Registration No. 04432196
Illac Limited
Notes to the Accounts
for the year ended 31 May 2024
Illac Limited is a private company, limited by shares, registered in England and Wales, registration number 04432196. The registered office is HILLSIDE, WOOLSTONE, FARINGDON, SN7 7QL, ENGLAND.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
These accounts have been prepared on the going concern basis, on the understanding that the director will continue to financially support the company.
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 1 (2023: 2).