1 July 2023 false Taxfiler 2024.6 04730952business:PrivateLimitedCompanyLtd2023-07-012024-06-30 047309522023-06-30 047309522023-07-012024-06-30 04730952business:AuditExempt-NoAccountantsReport2023-07-012024-06-30 04730952business:FilletedAccounts2023-07-012024-06-30 047309522024-06-30 04730952business:Director12023-07-012024-06-30 04730952business:RegisteredOffice2023-07-012024-06-30 047309522023-06-30 04730952core:WithinOneYear2024-06-30 04730952core:WithinOneYear2023-06-30 04730952core:ShareCapitalcore:PreviouslyStatedAmount2024-06-30 04730952core:ShareCapitalcore:PreviouslyStatedAmount2023-06-30 04730952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-06-30 04730952core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-06-30 04730952core:PreviouslyStatedAmount2024-06-30 04730952core:PreviouslyStatedAmount2023-06-30 04730952business:SmallEntities2023-07-012024-06-30 04730952countries:EnglandWales2023-07-012024-06-30 04730952core:FurnitureFittings2023-07-012024-06-30 04730952core:Goodwill2023-06-30 04730952core:Goodwill2024-06-30 04730952core:ComputerEquipment2023-06-30 04730952core:ComputerEquipment2024-06-30 04730952core:ComputerEquipment2023-07-012024-06-30 047309522022-07-012023-06-30 iso4217:GBP xbrli:pure
Company Registration No. 04730952 (England and Wales)
IFA.1 LTD Unaudited accounts for the year ended 30 June 2024
IFA.1 LTD Unaudited accounts Contents
Page
- 2 -
IFA.1 LTD Company Information for the year ended 30 June 2024
Director
MARCUS J REILLY
Company Number
04730952 (England and Wales)
Registered Office
25 HAILEYBURY ROAD WEST BRIDGFORD NOTTINGHAM NG2 7BE ENGLAND
Accountants
ROCKET BUSINESS SERVICES LTD 18 BARLEYDALE DRIVE TROWELL NOTTINGHAM NOTTS NG9 3QS
- 3 -
IFA.1 LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
3,649 
4,293 
Current assets
Debtors
- 
2,775 
Cash at bank and in hand
45,780 
33,759 
45,780 
36,534 
Creditors: amounts falling due within one year
(7,735)
(6,400)
Net current assets
38,045 
30,134 
Total assets less current liabilities
41,694 
34,427 
Provisions for liabilities
Deferred tax
(693)
(816)
Net assets
41,001 
33,611 
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
40,001 
32,611 
Shareholders' funds
41,001 
33,611 
For the year ending 30 June 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 14 November 2024 and were signed on its behalf by
MARCUS J REILLY Director Company Registration No. 04730952
- 4 -
IFA.1 LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
IFA.1 LTD is a private company, limited by shares, registered in England and Wales, registration number 04730952. The registered office is 25 HAILEYBURY ROAD, WEST BRIDGFORD, NOTTINGHAM, NG2 7BE, 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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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:
Fixtures & fittings
15% on reducing balance
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 July 2023
40,000 
At 30 June 2024
40,000 
Amortisation
At 1 July 2023
40,000 
At 30 June 2024
40,000 
Net book value
At 30 June 2024
- 
- 5 -
IFA.1 LTD Notes to the Accounts for the year ended 30 June 2024
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 July 2023
16,429 
At 30 June 2024
16,429 
Depreciation
At 1 July 2023
12,136 
Charge for the year
644 
At 30 June 2024
12,780 
Net book value
At 30 June 2024
3,649 
At 30 June 2023
4,293 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
2,775 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
6,423 
5,447 
Other creditors
293 
- 
Accruals
1,019 
953 
7,735 
6,400 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -