IRIS Accounts Production v24.3.2.46 12308363 director 1.5.23 30.4.24 30.4.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123083632023-04-30123083632024-04-30123083632023-05-012024-04-30123083632022-04-30123083632022-05-012023-04-30123083632023-04-3012308363ns15:EnglandWales2023-05-012024-04-3012308363ns14:PoundSterling2023-05-012024-04-3012308363ns10:Director12023-05-012024-04-3012308363ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3012308363ns10:SmallEntities2023-05-012024-04-3012308363ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3012308363ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3012308363ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3012308363ns10:FullAccounts2023-05-012024-04-301230836312023-05-012024-04-3012308363ns10:CompanySecretary12023-05-012024-04-3012308363ns10:RegisteredOffice2023-05-012024-04-3012308363ns5:CurrentFinancialInstruments2024-04-3012308363ns5:CurrentFinancialInstruments2023-04-3012308363ns5:Non-currentFinancialInstruments2024-04-3012308363ns5:Non-currentFinancialInstruments2023-04-3012308363ns5:ShareCapital2024-04-3012308363ns5:ShareCapital2023-04-3012308363ns5:RetainedEarningsAccumulatedLosses2024-04-3012308363ns5:RetainedEarningsAccumulatedLosses2023-04-3012308363ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3012308363ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-05-012024-04-3012308363ns5:PlantMachinery2023-05-012024-04-3012308363ns5:IntangibleAssetsOtherThanGoodwill2023-04-3012308363ns5:IntangibleAssetsOtherThanGoodwill2024-04-3012308363ns5:IntangibleAssetsOtherThanGoodwill2023-04-3012308363ns5:PlantMachinery2023-04-3012308363ns5:PlantMachinery2024-04-3012308363ns5:PlantMachinery2023-04-3012308363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3012308363ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-30
REGISTERED NUMBER: 12308363 (England and Wales)









UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 APRIL 2024

FOR

IVY ROSE TOOLS LTD

IVY ROSE TOOLS LTD (REGISTERED NUMBER: 12308363)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IVY ROSE TOOLS LTD

COMPANY INFORMATION
for the year ended 30 April 2024







DIRECTOR: N M J Cobb





SECRETARY: L Cobb





REGISTERED OFFICE: Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU





REGISTERED NUMBER: 12308363 (England and Wales)





ACCOUNTANTS: the dt group
Chartered Accountants
Swatton Barn
Badbury
Swindon
Wiltshire
SN4 0EU

IVY ROSE TOOLS LTD (REGISTERED NUMBER: 12308363)

BALANCE SHEET
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 343 1,029
Tangible assets 5 35,894 47,860
36,237 48,889

CURRENT ASSETS
Stocks 41,950 40,560
Debtors 6 585 530
Cash at bank 41,755 35,667
84,290 76,757
CREDITORS
Amounts falling due within one year 7 63,498 58,994
NET CURRENT ASSETS 20,792 17,763
TOTAL ASSETS LESS CURRENT
LIABILITIES

57,029

66,652

CREDITORS
Amounts falling due after more than one
year

8

(14,238

)

(28,747

)

PROVISIONS FOR LIABILITIES (6,820 ) (9,093 )
NET ASSETS 35,971 28,812

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,871 28,712
SHAREHOLDERS' FUNDS 35,971 28,812

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

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

The director acknowledges his 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.

IVY ROSE TOOLS LTD (REGISTERED NUMBER: 12308363)

BALANCE SHEET - continued
30 April 2024


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 director and authorised for issue on 9 January 2025 and were signed by:





N M J Cobb - Director


IVY ROSE TOOLS LTD (REGISTERED NUMBER: 12308363)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 April 2024

1. STATUTORY INFORMATION

Ivy Rose Tools Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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, excluding discounts, rebates, value added tax and other sales taxes.

INTANGIBLE ASSETS
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Franchise fees are being amortised evenly over their estimated useful life of two years.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


IVY ROSE TOOLS LTD (REGISTERED NUMBER: 12308363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

2. ACCOUNTING POLICIES - continued
DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 4,800
AMORTISATION
At 1 May 2023 3,771
Charge for year 686
At 30 April 2024 4,457
NET BOOK VALUE
At 30 April 2024 343
At 30 April 2023 1,029

IVY ROSE TOOLS LTD (REGISTERED NUMBER: 12308363)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 April 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 30 April 2024 69,995
DEPRECIATION
At 1 May 2023 22,135
Charge for year 11,966
At 30 April 2024 34,101
NET BOOK VALUE
At 30 April 2024 35,894
At 30 April 2023 47,860

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 585 530

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 21,563 24,593
Other creditors 41,935 34,401
63,498 58,994

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 14,238 28,747

9. RELATED PARTY DISCLOSURES

Unless otherwise disclosed, all related party transactions have been conducted under normal market conditions, including dividend payments to it's shareholders.