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REGISTERED NUMBER: 08492997 (England and Wales)















Unaudited Financial Statements For The Year Ended 30 July 2024

for

5IG Management Limited

5IG Management Limited (Registered number: 08492997)






Contents of the Financial Statements
For The Year Ended 30 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


5IG Management Limited

Company Information
For The Year Ended 30 July 2024







DIRECTORS: I Turner
G Turner





REGISTERED OFFICE: 90 High Street
Sandhurst
Berkshire
GU47 8EE





REGISTERED NUMBER: 08492997 (England and Wales)





ACCOUNTANTS: Fuller Spurling
Mill House
58 Guildford Street
Chertsey
Surrey
KT16 9BE

5IG Management Limited (Registered number: 08492997)

Balance Sheet
30 July 2024

30.7.24 30.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,428 9,361

CURRENT ASSETS
Debtors 5 12,138 22,492
Cash at bank 403,712 401,528
415,850 424,020
CREDITORS
Amounts falling due within one year 6 132,596 160,397
NET CURRENT ASSETS 283,254 263,623
TOTAL ASSETS LESS CURRENT
LIABILITIES

291,682

272,984

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 8 291,582 272,884
SHAREHOLDERS' FUNDS 291,682 272,984

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 December 2024 and were signed on its behalf by:





I Turner - Director


5IG Management Limited (Registered number: 08492997)

Notes to the Financial Statements
For The Year Ended 30 July 2024

1. STATUTORY INFORMATION

5IG Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and is recognised as services are provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office Furniture & Equipment - 33% on cost

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash at bank and in hand
Cash at bank includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Creditors
Creditors, provisions and accrued costs are recognised where the company has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

5IG Management Limited (Registered number: 08492997)

Notes to the Financial Statements - continued
For The Year Ended 30 July 2024

2. ACCOUNTING POLICIES - continued

Taxation
Taxation represents the sum of tax currently payable, and deferred tax if material.

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, where material, is recognised on all 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 and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

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.

Financial Instruments
The Company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Office
Furniture
& Equipment
£   
COST
At 31 July 2023 54,441
Additions 5,962
At 30 July 2024 60,403
DEPRECIATION
At 31 July 2023 45,080
Charge for year 6,895
At 30 July 2024 51,975
NET BOOK VALUE
At 30 July 2024 8,428
At 30 July 2023 9,361

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Trade debtors - 3,000
Other debtors 107 -
Prepayments and accrued income 12,031 19,492
12,138 22,492

5IG Management Limited (Registered number: 08492997)

Notes to the Financial Statements - continued
For The Year Ended 30 July 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.7.24 30.7.23
£    £   
Corporation tax 27,711 55,072
VAT 10,813 14,987
Other creditors 412 1,199
Directors' current accounts 91,210 85,499
Accrued expenses 2,450 3,640
132,596 160,397

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.7.24 30.7.23
value: £    £   
50 Ordinary "A" £1 50 50
50 Ordinary "B" £1 50 50
100 100

8. RESERVES
Retained
earnings
£   

At 31 July 2023 272,884
Profit for the year 73,698
Dividends (55,000 )
At 30 July 2024 291,582