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Registration number: 09217432

I-Investments Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

I-Investments Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

I-Investments Ltd

Company Information

Directors

Mr JAB Walls

Mr A Walls

Mr A Walls

Mr DJ Walls

Registered office

2 Western Street
Barnsley
South Yorkshire
S70 2BP

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

I-Investments Ltd

(Registration number: 09217432)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

1,031

-

Current assets

 

Debtors

4

620

68

Cash at bank and in hand

 

36,912

22,820

 

37,532

22,888

Creditors: Amounts falling due within one year

5

(50,840)

(22,004)

Net current (liabilities)/assets

 

(13,308)

884

Total assets less current liabilities

 

(12,277)

884

Provisions for liabilities

(196)

-

Net (liabilities)/assets

 

(12,473)

884

Capital and reserves

 

Called up share capital

6

110

110

Retained earnings

(12,583)

774

Shareholders' (deficit)/funds

 

(12,473)

884

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 December 2024 and signed on its behalf by:
 

.........................................
Mr JAB Walls
Director

 

I-Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

I-Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

2

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 0 (2023 - 2).

 

I-Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

3

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

1,375

1,375

At 31 March 2024

1,375

1,375

Depreciation

Charge for the year

344

344

At 31 March 2024

344

344

Carrying amount

At 31 March 2024

1,031

1,031

4

Debtors

Current

2024
£

2023
£

Trade debtors

-

-

Prepayments

-

38

Other debtors

620

30

 

620

68

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

664

3,254

Taxation and social security

33,219

8,633

Accruals and deferred income

550

550

Other creditors

16,407

9,567

50,840

22,004

 

I-Investments Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

Ordinary A of £1 each

5

5

5

5

Ordinary B of £1 each

1

1

1

1

Ordinary C of £1 each

1

1

1

1

Ordinary D of £1 each

1

1

1

1

Ordinary E of £1 each

1

1

1

1

Ordinary F of £1 each

1

1

1

1

110

110

110

110