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Company Registration No. 08469311 (England and Wales)
I G DANCHEV LTD Unaudited accounts for the year ended 31 March 2024
I G DANCHEV LTD Unaudited accounts Contents
Page
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I G DANCHEV LTD Company Information for the year ended 31 March 2024
Director
IVAYLO DANCHEV
Company Number
08469311 (England and Wales)
Registered Office
233 SALISBURY AVENUE BARKING IG11 9XT ENGLAND
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I G DANCHEV LTD Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
522 
636 
Current assets
Debtors
12,820 
17,769 
Cash at bank and in hand
30,024 
27,514 
42,844 
45,283 
Net current assets
42,844 
45,283 
Total assets less current liabilities
43,366 
45,919 
Creditors: amounts falling due after more than one year
(49,612)
(48,914)
Net liabilities
(6,246)
(2,995)
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
(6,256)
(3,005)
Shareholders' funds
(6,246)
(2,995)
For the year ending 31 March 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 18 November 2024 and were signed on its behalf by
IVAYLO DANCHEV Director Company Registration No. 08469311
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I G DANCHEV LTD Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
I G DANCHEV LTD is a private company, limited by shares, registered in England and Wales, registration number 08469311. The registered office is 233 SALISBURY AVENUE, BARKING, IG11 9XT, 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.
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:
Plant & machinery
18%
Motor vehicles
6%-18%
Fixtures & fittings
18%
Computer equipment
18%
Other tangible fixed assets
18%
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
389 
485 
280 
1,154 
At 31 March 2024
389 
485 
280 
1,154 
Depreciation
At 1 April 2023
175 
217 
126 
518 
Charge for the year
38 
28 
48 
114 
At 31 March 2024
213 
245 
174 
632 
Net book value
At 31 March 2024
176 
240 
106 
522 
At 31 March 2023
214 
268 
154 
636 
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I G DANCHEV LTD Notes to the Accounts for the year ended 31 March 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
9,390 
9,390 
Other debtors
3,430 
8,379 
12,820 
17,769 
6
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
49,612 
48,914 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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