Registered number
05355451
Iron Maidens (Nottingham) Limited
Report and Accounts
29 February 2024
Iron Maidens (Nottingham) Limited
Report to the directors on the preparation of the unaudited statutory accounts of Iron Maidens (Nottingham) Limited for the year ended 29 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Iron Maidens (Nottingham) Limited for the year ended 29 February 2024 which comprise of the Profit and Loss Account, the Balance Sheet and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://rulebook.accaglobal.com/
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163.
Coalesco Accountants Limited
Chartered Certified Accountants
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
18 October 2024
Iron Maidens (Nottingham) Limited
Registered number: 05355451
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 28,211 37,615
Current assets
Cash at bank and in hand 9,919 6,507
Creditors: amounts falling due within one year 4 (3,234) (4,725)
Net current assets 6,685 1,782
Total assets less current liabilities 34,896 39,397
Creditors: amounts falling due after more than one year 5 (13,071) (15,269)
Net assets 21,825 24,128
Capital and reserves
Called up share capital 2 2
Profit and loss account 21,823 24,126
Shareholders' funds 21,825 24,128
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
J L Gladish
Director
Approved by the board on 18 October 2024
Iron Maidens (Nottingham) Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance
Motor vehicles 3 year straight line
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 March 2023 29,121 43,743 72,864
At 29 February 2024 29,121 43,743 72,864
Depreciation
At 1 March 2023 26,440 8,809 35,249
Charge for the year 671 8,733 9,404
At 29 February 2024 27,111 17,542 44,653
Net book value
At 29 February 2024 2,010 26,201 28,211
At 28 February 2023 2,681 34,934 37,615
4 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 378 450
Trade creditors 421 403
Corporation tax 1,063 -
Other creditors 1,372 3,872
3,234 4,725
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 13,071 15,269
6 Other information
Iron Maidens (Nottingham) Limited is a private company limited by shares and incorporated in England. Its registered office is:
156 Russell Drive
Wollaton
Nottingham
NG8 2BE
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