Company Registration No. 10023549 (England and Wales)
INGENIOUS FINANCIAL SOLUTIONS LTD
Unaudited accounts
for the year ended 29 February 2024
INGENIOUS FINANCIAL SOLUTIONS LTD
Unaudited accounts
Contents
INGENIOUS FINANCIAL SOLUTIONS LTD
Company Information
for the year ended 29 February 2024
Directors
Jateen Vagani
Rizwan Ismail
Sharad Champaneria
Company Number
10023549 (England and Wales)
Registered Office
Suite 3 The Crescent
56 King Street
Leicester
LE1 6RX
United Kingdom
Accountants
CJK Accountants
4 Marsh Drive
Husbands Bosworth
Lutterworth
Leicestershire
LE17 6PU
INGENIOUS FINANCIAL SOLUTIONS LTD
Statement of financial position
as at 29 February 2024
Cash at bank and in hand
118,776
85,363
Creditors: amounts falling due within one year
(119,033)
(71,261)
Net current assets
66,292
46,546
Total assets less current liabilities
66,709
47,102
Creditors: amounts falling due after more than one year
(34,970)
(24,470)
Called up share capital
30
30
Profit and loss account
31,709
22,602
Shareholders' funds
31,739
22,632
For the year ending 29 February 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 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 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 of Directors and authorised for issue on 29 March 2024 and were signed on its behalf by
Jateen Vagani
Director
Company Registration No. 10023549
INGENIOUS FINANCIAL SOLUTIONS LTD
Notes to the Accounts
for the year ended 29 February 2024
INGENIOUS FINANCIAL SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 10023549. The registered office is Suite 3 The Crescent, 56 King Street, Leicester, LE1 6RX, United Kingdom.
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.
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
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 March 2023
916
2,154
3,070
At 29 February 2024
916
2,154
3,070
At 1 March 2023
729
1,785
2,514
Charge for the year
47
92
139
At 29 February 2024
776
1,877
2,653
At 29 February 2024
140
277
417
At 28 February 2023
187
369
556
INGENIOUS FINANCIAL SOLUTIONS LTD
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
64,900
30,795
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
(346)
(414)
Taxes and social security
2,831
1,137
7
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
34,970
24,470
8
Average number of employees
During the year the average number of employees was 5 (2023: 4).