I A G DEVELOPMENTS LIMITED

Company Registration Number:
05073636 (England and Wales)

Unaudited abridged accounts for the year ended 28 February 2024

Period of accounts

Start date: 01 March 2023

End date: 28 February 2024

I A G DEVELOPMENTS LIMITED

Contents of the Financial Statements

for the Period Ended 28 February 2024

Balance sheet
Notes

I A G DEVELOPMENTS LIMITED

Balance sheet

As at 28 February 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 125,891 106,056
Total fixed assets: 125,891 106,056
Current assets
Stocks: 502,000 673,000
Debtors:   71,305 151,348
Cash at bank and in hand: 5,189 45,040
Total current assets: 578,494 869,388
Creditors: amounts falling due within one year:   (685,662) (932,146)
Net current assets (liabilities): (107,168) (62,758)
Total assets less current liabilities: 18,723 43,298
Provision for liabilities: (4,959) (4,959)
Total net assets (liabilities): 13,764 38,339
Capital and reserves
Called up share capital: 99 99
Profit and loss account: 13,665 38,240
Shareholders funds: 13,764 38,339

The notes form part of these financial statements

I A G DEVELOPMENTS LIMITED

Balance sheet statements

For the year ending 28 February 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 29 November 2024
and signed on behalf of the board by:

Name: Ian Spencer
Status: Director

The notes form part of these financial statements

I A G DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

I A G DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

2. Employees

2024 2023
Average number of employees during the period 18 24

I A G DEVELOPMENTS LIMITED

Notes to the Financial Statements

for the Period Ended 28 February 2024

3. Tangible Assets

Total
Cost £
At 01 March 2023 223,769
Additions 38,433
Disposals (6,250)
At 28 February 2024 255,952
Depreciation
At 01 March 2023 117,713
Charge for year 15,786
On disposals (3,438)
At 28 February 2024 130,061
Net book value
At 28 February 2024 125,891
At 28 February 2023 106,056