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REGISTERED NUMBER: 06432483 (England and Wales)





















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

IVETSEY COMMUNICATIONS LIMITED

IVETSEY COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06432483)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IVETSEY COMMUNICATIONS LIMITED

COMPANY INFORMATION
for the year ended 31 March 2024







DIRECTORS: D R Halliday
Mrs L A Halliday





SECRETARY: D R Halliday





REGISTERED OFFICE: One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB





REGISTERED NUMBER: 06432483 (England and Wales)





ACCOUNTANTS: Dafferns LLP
Chartered Accountants
One Eastwood
Harry Weston Road
Binley Business Park
Coventry
CV3 2UB

IVETSEY COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06432483)

BALANCE SHEET
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 73,601 1,409

CURRENT ASSETS
Debtors 6 205,538 186,340
Cash at bank 990,697 991,671
1,196,235 1,178,011
CREDITORS
Amounts falling due within one year 7 844,313 873,722
NET CURRENT ASSETS 351,922 304,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

425,523

305,698

PROVISIONS FOR LIABILITIES 8 18,000 -
NET ASSETS 407,523 305,698

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 407,521 305,696
SHAREHOLDERS' FUNDS 407,523 305,698

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 September 2024 and were signed on its behalf by:




D R Halliday - Director


IVETSEY COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06432483)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 March 2024

1. STATUTORY INFORMATION

Ivetsey Communications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% straight line
Computer equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

IVETSEY COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06432483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023 - 2,291 2,291
Additions 83,541 2,126 85,667
At 31 March 2024 83,541 4,417 87,958
DEPRECIATION
At 1 April 2023 - 882 882
Charge for year 12,183 1,292 13,475
At 31 March 2024 12,183 2,174 14,357
NET BOOK VALUE
At 31 March 2024 71,358 2,243 73,601
At 31 March 2023 - 1,409 1,409

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 202,416 184,178
Prepayments 3,122 2,162
205,538 186,340

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 9,163
Tax 62,905 70,093
VAT 67,618 57,446
Other creditors 1,999 2,111
Accruals and deferred income 711,791 734,909
844,313 873,722

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 18,000 -

Deferred
tax
£   
Charge to Income Statement during year 18,000
Released in year
Balance at 31 March 2024 18,000

IVETSEY COMMUNICATIONS LIMITED (REGISTERED NUMBER: 06432483)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 March 2024

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2