2023-01-01 2024-03-31 08945857 IF PAYROLL LIMITED false 08945857 2023-01-01 2024-03-31 08945857 uk-bus:Director1 2023-01-01 2024-03-31 08945857 uk-bus:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-31 08945857 uk-bus:SmallEntities 2023-01-01 2024-03-31 08945857 uk-bus:FullAccounts 2023-01-01 2024-03-31 08945857 uk-bus:PrivateLimitedCompanyLtd 2023-01-01 2024-03-31 08945857 2023-01-01 08945857 2024-03-31 08945857 2023-03-31 xbrli:pure iso4217:GBP 08945857 2022-01-01 2023-03-31
Company Registration Number : 08945857 (England and Wales)
08945857
This company is a private limited company
This company sells stuff to other companies
The company was trading for the entire period
Full Accounts
2024-03-31
false
IF PAYROLL LIMITED
The accounts were prepared in accordance with FRS102A
The accounts have been audited
2023-01-01
IF PAYROLL LIMITED
Unaudited filleted financial statements
For 456 days period from 1 January 2023 to 31 March 2024
IF PAYROLL LIMITED
Contents
For 456 days period from 1 January 2023 to 31 March 2024

CONTENTS PAGE
Company Information 3
Statement of Financial Position 4
Notes to the Financial Statements 5 - 6


IF PAYROLL LIMITED
Company Information
For 456 days period from 1 January 2023 to 31 March 2024

Company registration number 08945857 (England and Wales)
Director Spencer David FENTON
Registered office address 53 Inchbonnie Road
Chelmsford
CM3 5FD
UK
IF PAYROLL LIMITED
Statement of Financial Position
For 456 days period from 1 January 2023 to 31 March 2024

2024 2022
Notes £ £
Fixed assets
Property, plant and equipment 2,354 3,138
8 2,354 3,138
Current assets
Debtors 6 37,656 116,073
Cash and cash equivalents 190,083 69,127
227,738 185,199
Current liabilities
Creditors: Amounts falling due within one year 7 (19,494) (57,672)
Corporation tax payable (20,540) (16,348)
(40,034) (74,020)
Net current assets/(liabilities) 187,704 111,179
Total assets less current liabilities 190,058 114,317
Net assets/(liabilities) 190,058 114,317
Capital and reserves
Called up share capital 35,100 35,100
Retained earnings 154,958 79,217
Shareholder's funds 190,058 114,317
For the year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The directors have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibility for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the special provisions of the Companies Act 2006 applicable to companies subject to the small companies' regime and in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A.
The profit and loss account has not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small entities regime. All the members of the company have consented to the drawing up of the abridged balance sheet.
  • For the year ended 31 March 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 director acknowledges their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 12 January 2025
.............................
Spencer David FENTON (Director)
Company registration number: 08945857
/* == Copy of Frs105 Balance Sheet for XML COntent ============================================================ */
Balance sheet at 2024-03-31 31 March 2024
2024 2022
£ £
Fixed Assets 2,354 3,138
Current Assets 227,738 185,199
Creditors: amounts falling due within one year (40,034) (74,020)
Net current assets (liabilities) 187,704 111,179
Total assets less current liabilities 190,058 114,317
Net Assets (liabilities) 190,058 114,317
Capital and Reserves 190,058 114,317
For the year ending 31/03/2024 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. For the year ending 31-03-2024 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 for the year in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. 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 in accordance with the small companies provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board of directors on 12 January 2025 2025-01-12 and signed on behalf of the board,
.............................
Spencer David FENTON
Director
Company registration number: 08945857
IF PAYROLL LIMITED
Notes to the Financial Statements
For 456 days period from 1 January 2023 to 31 March 2024

(1) General Information
The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 53 Inchbonnie Road, Chelmsford, CM3 5FD.

(2) Statement of compliance
These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies regime.

(3) Significant Accounting Policies
Basis of Preparation
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
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below.
Property, plant and equipment
Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.

Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:

Asset class and depreciation rate
Land and Buildings
Plant and Machinery
Short Leasehold Properties
Investment Properties
Long Leasehold Properties
Commercial Vehicles
Fixtures and Fittings
Equipment25% reducing balance
Motor Cars
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.

(4) Critical accounting judgements and key sources of estimation uncertainty
No judgement
No significant judgements or estimates have been made in preparation of these financial statements.

(5) Employees
During the period, the average number of employees including director was 1 (2022 : 1).

(6) Debtors
Amounts falling due within one year
2024 2022
£ £
Trade debtors 3,600 114,800
Other debtors 34,056 1,273
37,656 116,073

(7) Creditors: Amounts falling due within one year
2024 2022
£ £
Other taxes and social security 18,455 56,859
Other creditors 1,039 813
19,494 57,672

(8) Fixed assets
Tangible

£
Cost
As at 01 January 20237,310
As at 31 March 20247,310
Depreciation/Amortisation
As at 01 January 20234,172
For the year785
As at 31 March 20244,957
Net book value
As at 31 March 20242,353
As at 31 December 20223,138

(9) RELATED PARTY DISCLOSURES
The Director, Mr S Fenton, is considered to be key management personnel.