IBS SYSTEMS (NI) LTD

Company Registration Number:
NI044653 (Northern Ireland)

Unaudited abridged accounts for the year ended 30 April 2024

Period of accounts

Start date: 01 May 2023

End date: 30 April 2024

IBS SYSTEMS (NI) LTD

Contents of the Financial Statements

for the Period Ended 30 April 2024

Balance sheet
Notes

IBS SYSTEMS (NI) LTD

Balance sheet

As at 30 April 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 230,689 235,474
Total fixed assets: 230,689 235,474
Current assets
Stocks: 15,362 21,326
Debtors:   15,180 19,955
Cash at bank and in hand: 575,990 467,313
Total current assets: 606,532 508,594
Creditors: amounts falling due within one year:   (166,445) (105,019)
Net current assets (liabilities): 440,087 403,575
Total assets less current liabilities: 670,776 639,049
Total net assets (liabilities): 670,776 639,049
Capital and reserves
Called up share capital: 3 3
Profit and loss account: 670,773 639,046
Shareholders funds: 670,776 639,049

The notes form part of these financial statements

IBS SYSTEMS (NI) LTD

Balance sheet statements

For the year ending 30 April 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 14 January 2025
and signed on behalf of the board by:

Name: Matthew Madden
Status: Director

The notes form part of these financial statements

IBS SYSTEMS (NI) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

IBS SYSTEMS (NI) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

2. Employees

2024 2023
Average number of employees during the period 8 8

IBS SYSTEMS (NI) LTD

Notes to the Financial Statements

for the Period Ended 30 April 2024

3. Tangible Assets

Total
Cost £
At 01 May 2023 275,578
At 30 April 2024 275,578
Depreciation
At 01 May 2023 40,104
Charge for year 4,785
At 30 April 2024 44,889
Net book value
At 30 April 2024 230,689
At 30 April 2023 235,474