Registered number: 10022104 | ||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||
Prepared By: | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Irthing Developments Limited | ||||||||
ACCOUNTS | ||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||
DIRECTORS | ||||||||
SECRETARY | ||||||||
REGISTERED OFFICE | ||||||||
Cumbria | ||||||||
COMPANY DETAILS | ||||||||
Private company limited by shares registered in EW - England and Wales, registered number 10022104 | ||||||||
ACCOUNTANTS | ||||||||
NB Lancaster & Co | ||||||||
Chartered Accountants | ||||||||
6 Brunswick Street | ||||||||
Carlisle | ||||||||
Cumbria | ||||||||
CA1 1PN |
Irthing Developments Limited | ||||||||
ACCOUNTS | ||||||||
FOR THEYEARENDED28/02/2024 | ||||||||
CONTENTS | ||||||||
Page | ||||||||
Directors' Report | - | |||||||
Accountants' Report | - | |||||||
Statement Of Comprehensive Income | - | |||||||
Balance Sheet | 3 | |||||||
Notes To The Accounts | 4 | |||||||
The following do not form part of the statutory financial statements: | ||||||||
Trading And Profit And Loss Account | - | |||||||
Profit And Loss Account Summaries | - |
Irthing Developments Limited | ||||||||
BALANCE SHEET AT | ||||||||||
2024 | 2023 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 | |||||||||
CURRENT ASSETS | ||||||||||
Stock | ||||||||||
Debtors | 4 | |||||||||
Cash at bank and in hand | ||||||||||
192,850 | 71,040 | |||||||||
CREDITORS: Amounts falling due within one year | 5 | |||||||||
NET CURRENT ASSETS | 20,290 | |||||||||
TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
CREDITORS: Amounts falling due after more than one year | 6 | 15,847 | 28,688 | |||||||
NET ASSETS | ||||||||||
CAPITAL AND RESERVES | ||||||||||
Called up share capital | ||||||||||
Profit and loss account | 107,103 | 27,698 | ||||||||
SHAREHOLDERS' FUNDS | ||||||||||
Approved by the board on | ||||||||||
............................. | ||||||||||
Director | ||||||||||
Irthing Developments Limited | ||||||||
NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 28/02/2024 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
The accounts have been prepared under the historical cost convention. | ||||||||
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . |
1b. Depreciation | ||||||||
Plant and Machinery | reducing balance 25% | |||||||
Commercial Vehicles | reducing balance 25% | |||||||
Equipment | reducing balance 25% |
1c. Stocks | ||||||||
Stock and work in progress are valued at the lower of cost and net estimated selling price less selling costs. Cost is based upon the weighted average purchase price. Work in progress includes a relevant proportion of overheads according to the stage of completion. |
1d. Pension Costs | ||||||||
The company operates a defined contribution pension scheme. The pension charge represents the amounts payable by the company to the fund in respect of the year. |
1e. Government Grants | ||||||||
Government and other grants are recognised in the profit and loss in the year in which they are received. |
1f. Turnover | ||||||||
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. Turnover is recognised upon the provision of goods and services. |
1g. Leases | ||||||||
Assets held under hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest element of payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease. All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term. |
Irthing Developments Limited | ||||||||
2. TANGIBLE FIXED ASSETS | ||||||||
Plant and | Commercial | |||||||
Machinery | Vehicles | Equipment | Total | |||||
£ | £ | £ | £ | |||||
Cost | ||||||||
At 01/03/2023 | 42,450 | 43,800 | 2,184 | 88,434 | ||||
Additions | 1,095 | - | 702 | 1,797 | ||||
At 28/02/2024 | 43,545 | 43,800 | 2,886 | 90,231 | ||||
Depreciation | ||||||||
At 01/03/2023 | 21,997 | 28,112 | 1,229 | 51,338 | ||||
For the year | 5,387 | 3,922 | 414 | 9,723 | ||||
At 28/02/2024 | 27,384 | 32,034 | 1,643 | 61,061 | ||||
Net Book Amounts | ||||||||
At 28/02/2024 | 29,170 | |||||||
At 28/02/2023 | 37,096 | |||||||
3. STOCK | 2024 | 2023 | ||||
£ | £ | |||||
Stock comprises: | ||||||
Stock | ||||||
4. DEBTORS | 2024 | 2023 | ||||||
£ | £ | |||||||
Amounts falling due within one year | ||||||||
Trade debtors | 32,482 | 22,303 | ||||||
UK corporation tax | - | 251 | ||||||
VAT | - | 6,302 | ||||||
Other debtors | 603 | 603 | ||||||
Prepayments | 1,573 | 7,116 | ||||||
Directors current account | 18,732 | - | ||||||
53,390 | 36,575 | |||||||
Irthing Developments Limited | ||||||||
5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
UK corporation tax | 30,734 | - | ||||||
VAT | 24,848 | - | ||||||
Other taxation and social security | 561 | 2,566 | ||||||
Directors current account | - | 587 | ||||||
Bank loan | 9,900 | 9,900 | ||||||
Hire purchase | 2,909 | 5,301 | ||||||
Trade creditors | 26,263 | 29,344 | ||||||
Other creditors | 200 | 137 | ||||||
Accruals | 2,655 | 2,915 | ||||||
98,070 | 50,750 | |||||||
6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Bank loans >1yr | 13,380 | 23,313 | ||||||
Hire purchase >1yr | 2,467 | 5,375 | ||||||
15,847 | 28,688 | |||||||
7. SECURED CREDITORS | ||||||||
2024 | 2023 | |||||||
£ | £ | |||||||
Amount of other creditors which are secured | 5,376 | 10,676 | ||||||
Hire purchase creditors are secured on the assets to which the laibilities relate. | ||||||||
8. EMPLOYEES | ||||||
2024 | 2023 | |||||
No. | No. | |||||
Average number of employees | 6 | |||||
Irthing Developments Limited | ||||||||
9. RELATED PARTY TRANSACTIONS | |||||||||||||||||||||||||||||||||||||
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10. ADDITIONAL INFORMATION | ||||||||
The company is a private company, limited by shares and registered in England & Wales. | ||||||||
The company's registered number is 10022104. | ||||||||
The company's registered office is Unit 12, Warwick Mill Business Park, Warwick Bridge, Carlisle, CA4 8RR. |
11. TRANSACTIONS WITH DIRECTORS | ||||||||
During the year advances of £9,366 were made to each of the directors which remain outstanding at the balance sheet date. The loans are unsecured, interest free and repayable on demand. | ||||||||