Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11808289 Mr I Bishop S Ramsdale iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11808289 2023-02-28 11808289 2024-02-29 11808289 2023-03-01 2024-02-29 11808289 frs-core:CurrentFinancialInstruments 2024-02-29 11808289 frs-core:Non-currentFinancialInstruments 2024-02-29 11808289 frs-core:FurnitureFittings 2024-02-29 11808289 frs-core:FurnitureFittings 2023-03-01 2024-02-29 11808289 frs-core:FurnitureFittings 2023-02-28 11808289 frs-core:ShareCapital 2024-02-29 11808289 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11808289 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11808289 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11808289 frs-bus:SmallEntities 2023-03-01 2024-02-29 11808289 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11808289 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11808289 frs-bus:Director1 2023-03-01 2024-02-29 11808289 frs-bus:Director2 2023-03-01 2024-02-29 11808289 frs-countries:EnglandWales 2023-03-01 2024-02-29 11808289 2022-02-28 11808289 2023-02-28 11808289 2022-03-01 2023-02-28 11808289 frs-core:CurrentFinancialInstruments 2023-02-28 11808289 frs-core:Non-currentFinancialInstruments 2023-02-28 11808289 frs-core:ShareCapital 2023-02-28 11808289 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 11808289
IB Civils Ltd
Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 11808289
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 2,015 208
2,015 208
CURRENT ASSETS
Debtors 5 16,470 53,287
Cash at bank and in hand 401,953 203,752
418,423 257,039
Creditors: Amounts Falling Due Within One Year 6 (101,805 ) (103,820 )
NET CURRENT ASSETS (LIABILITIES) 316,618 153,219
TOTAL ASSETS LESS CURRENT LIABILITIES 318,633 153,427
Creditors: Amounts Falling Due After More Than One Year 7 (9,397 ) (15,468 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (383 ) (40 )
NET ASSETS 308,853 137,919
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 308,753 137,819
SHAREHOLDERS' FUNDS 308,853 137,919
Page 1
Page 2
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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr I Bishop
Director
S Ramsdale
Director
12 November 2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IB Civils Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 11808289 . The registered office is Suite 5, The Willows, Ransom Wood Business Park, Southwell Road West, Rainworth, Mansfield, Nottinghamshire, NG21 0HJ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25% straight line
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
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4. Tangible Assets
Fixtures & Fittings
£
Cost
As at 1 March 2023 876
Additions 2,548
As at 29 February 2024 3,424
Depreciation
As at 1 March 2023 668
Provided during the period 741
As at 29 February 2024 1,409
Net Book Value
As at 29 February 2024 2,015
As at 1 March 2023 208
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 16,345 53,117
Other debtors 125 170
16,470 53,287
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 8,999 23,626
Bank loans and overdrafts 6,072 5,922
Other creditors 8,768 34,978
Taxation and social security 77,966 39,294
101,805 103,820
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 9,397 15,468
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4