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REGISTERED NUMBER: 08048464 (England and Wales)











Unaudited Financial Statements

for the Year Ended 30 April 2024

for

IRWIN SCOTT (NEW ELTHAM) LIMITED

IRWIN SCOTT (NEW ELTHAM) LIMITED (REGISTERED NUMBER: 08048464)






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


IRWIN SCOTT (NEW ELTHAM) LIMITED

Company Information
for the Year Ended 30 April 2024







DIRECTOR: S M Irwin





SECRETARY: Mrs S K Irwin





REGISTERED OFFICE: 1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG





REGISTERED NUMBER: 08048464 (England and Wales)





ACCOUNTANTS: Maths Partnership
1 Brook Court
Blakeney Road
Beckenham
Kent
BR3 1HG

IRWIN SCOTT (NEW ELTHAM) LIMITED (REGISTERED NUMBER: 08048464)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 996 1,174

CURRENT ASSETS
Debtors 5 175,966 163,053
Cash at bank and in hand 1,591 494
177,557 163,547
CREDITORS
Amounts falling due within one year 6 153,762 127,821
NET CURRENT ASSETS 23,795 35,726
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,791

36,900

CREDITORS
Amounts falling due after more than one year 7 (22,418 ) (35,126 )

PROVISIONS FOR LIABILITIES (189 ) (223 )
NET ASSETS 2,184 1,551

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,084 1,451
SHAREHOLDERS' FUNDS 2,184 1,551

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.

IRWIN SCOTT (NEW ELTHAM) LIMITED (REGISTERED NUMBER: 08048464)

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 January 2025 and were signed by:





S M Irwin - Director


IRWIN SCOTT (NEW ELTHAM) LIMITED (REGISTERED NUMBER: 08048464)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Irwin Scott (New Eltham) Limited 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.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

IRWIN SCOTT (NEW ELTHAM) LIMITED (REGISTERED NUMBER: 08048464)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 4,174 1,956 6,130
Additions 150 - 150
At 30 April 2024 4,324 1,956 6,280
DEPRECIATION
At 1 May 2023 3,492 1,464 4,956
Charge for year 166 162 328
At 30 April 2024 3,658 1,626 5,284
NET BOOK VALUE
At 30 April 2024 666 330 996
At 30 April 2023 682 492 1,174

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 3,550 17,244
Other debtors 172,416 145,809
175,966 163,053

All debtors are due within one year and have therefore not been discounted.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 23,587 20,691
Trade creditors 8,666 7,147
Taxation and social security 117,744 97,111
Other creditors 3,765 2,872
153,762 127,821

All creditors are payable within one year and have therefore not been discounted.

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans 22,418 35,126

IRWIN SCOTT (NEW ELTHAM) LIMITED (REGISTERED NUMBER: 08048464)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

30.4.24 30.4.23
£    £   
S M Irwin
Balance outstanding at start of year 97,029 49,099
Amounts advanced 20,325 47,930
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 117,354 97,029

The director paid £2,385 (£1,447 - 2023) interest on his overdrawn directors loan account. This was charged at 2.25% per annum (2023 - 2% per annum).

9. CLIENTS ACCOUNTS

The company holds money on behalf of clients in separate designated bank accounts. These balances are not included within the assets or liabilities of these financial statements.