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Company Registration No. 09709695 (England and Wales)
Irelo-Ace Ltd Unaudited accounts for the year ended 30 April 2024
Irelo-Ace Ltd Unaudited accounts Contents
Page
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Irelo-Ace Ltd Company Information for the year ended 30 April 2024
Director
Kartik Patel
Secretary
Kartik Patel
Company Number
09709695 (England and Wales)
Registered Office
47 Plashet Road London England E13 0QA
Accountants
NRV Tax Ltd Suites 12 & 13 Chantal House 13-17 High Beech Road Loughton IG10 4BN
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Irelo-Ace Ltd for the year ended 30 April 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Irelo-Ace Ltd for the year ended 30 April 2024 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
NRV Tax Ltd Chartered Certified Accountants Suites 12 & 13 Chantal House 13-17 High Beech Road Loughton IG10 4BN 21 January 2025
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Irelo-Ace Ltd Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
415 
554 
Current assets
Inventories
187 
- 
Debtors
16,806 
21,078 
Cash at bank and in hand
206 
219 
17,199 
21,297 
Creditors: amounts falling due within one year
(2,330)
(1,888)
Net current assets
14,869 
19,409 
Total assets less current liabilities
15,284 
19,963 
Creditors: amounts falling due after more than one year
(49,732)
(49,544)
Net liabilities
(34,448)
(29,581)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(34,450)
(29,583)
Shareholders' funds
(34,448)
(29,581)
For the year ending 30 April 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 his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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.
The financial statements were approved by the Board and authorised for issue on 21 January 2025 and were signed on its behalf by
Kartik Patel Director Company Registration No. 09709695
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Irelo-Ace Ltd Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Irelo-Ace Ltd is a private company, limited by shares, registered in England and Wales, registration number 09709695. The registered office is 47 Plashet Road, London, England, E13 0QA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% at reducing balance method
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
1,315 
At 30 April 2024
1,315 
Depreciation
At 1 May 2023
761 
Charge for the year
139 
At 30 April 2024
900 
Net book value
At 30 April 2024
415 
At 30 April 2023
554 
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Irelo-Ace Ltd Notes to the Accounts for the year ended 30 April 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
3,108 
3,108 
Amounts falling due after more than one year
Accrued income and prepayments
1,498 
1,498 
Other debtors
12,200 
16,472 
13,698 
17,970 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
35 
35 
Loans from directors
760 
543 
Accruals
1,535 
1,310 
2,330 
1,888 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
49,732 
49,544 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
2 Ordinary shares of £1 each
2 
2 
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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