IGO E&P LIMITED

Company Registration Number:
SC626615 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

IGO E&P LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

IGO E&P LIMITED

Company Information

for the Period Ended 31 March 2024




Director: P.C. Eadsforth
Mrs. D.M. Eadsforth
Secretary: Mrs. D.M. Eadsforth
Registered office: Carradale
Lawrence Road
Old Rayne
Insch
Aberdeenshire
GB-SCT
AB52 6RF
Company Registration Number: SC626615 (Scotland)

IGO E&P LIMITED

Balance sheet

As at 31 March 2024


Notes

2024
£

2023
£
Fixed assets
Tangible assets: 5 21,234 2,925
Total fixed assets: 21,234 2,925
Current assets
Debtors: 6 19,327 65,214
Cash at bank and in hand: 125,325 86,529
Total current assets: 144,652 151,743
Creditors: amounts falling due within one year: 7 ( 12,642 ) ( 24,490 )
Net current assets (liabilities): 132,010 127,253
Total assets less current liabilities: 153,244 130,178
Total net assets (liabilities): 153,244 130,178

The notes form part of these financial statements

IGO E&P LIMITED

Balance sheet continued

As at 31 March 2024


Notes

2024
£

2023
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 153,242 130,176
Shareholders funds: 153,244 130,178

For the year ending 31 March 2024 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 20 November 2024
And Signed On Behalf Of The Board By:

Name: P.C. Eadsforth
Status: Director

The notes form part of these financial statements

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life :- Motor Vehicle at 25% on the reducing net book value and Office Equipment at 15% on the reducing net book value

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 2. Employees


    2024

    2023
    Average number of employees during the period 2 2

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

  • 3. Off balance sheet disclosure

    No

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Dividends


2024
£

2023
£
Dividends paid 2,000 4,000

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 April 2023 5,287 - 5,287
Additions - 25,000 25,000
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2024 5,287 25,000 30,287
Depreciation
At 01 April 2023 2,362 - 2,362
Charge for year 441 6,250 6,691
On disposals - - -
Other adjustments - - -
At 31 March 2024 2,803 6,250 9,053
Net book value
At 31 March 2024 2,484 18,750 21,234
At 31 March 2023 2,925 - 2,925

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Debtors


2024
£

2023
£
Trade debtors 18,000 20,700
Prepayments and accrued income 571 0
Other debtors 756 44,514
Total 19,327 65,214

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

7.Creditors: amounts falling due within one year note


2024
£

2023
£
Taxation and social security 10,902 22,990
Accruals and deferred income 1,740 1,500
Total 12,642 24,490