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
IFA.1 LTD
Company Information
for the year ended 30 June 2024
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
IFA.1 LTD
Statement of financial position
as at 30 June 2024
Tangible assets
3,649
4,293
Cash at bank and in hand
45,780
33,759
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
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
IFA.1 LTD
Notes to the Accounts
for the year ended 30 June 2024
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.
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.
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 (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
IFA.1 LTD
Notes to the Accounts
for the year ended 30 June 2024
5
Tangible fixed assets
Computer equipment
Amounts falling due within one year
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
6,423
5,447
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).