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Registered Number: 06570206
England and Wales

 

 

 


Abridged Accounts

for the year ended 30 April 2024

for

IFS GLOBAL MARKETING LIMITED

 
 
Notes
 
2024
£
  2023
£
Fixed assets      
Intangible fixed assets 3 2,519    3,778 
Tangible fixed assets 4 8,764    9,287 
11,283    13,065 
Current assets      
Debtors 99,678    2,833 
Cash at bank and in hand 123,090    111,966 
222,768    114,799 
Creditors: amount falling due within one year (61,826)   (42,867)
Net current assets 160,942    71,932 
 
Total assets less current liabilities 172,225    84,997 
Creditors: amount falling due after more than one year (31,447)   (37,306)
Net assets 140,778    47,691 
 

Capital and reserves
     
Called up share capital 100    100 
Profit and loss account 140,678    47,591 
Shareholders' funds 140,778    47,691 
 


For the year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.

  2. The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.




These 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 to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).

The directors of the company have elected not to include the Income Statement within the financial statements.
The financial statements were approved by the director on 31 January 2025 and were signed by:


-------------------------------
Mohammad Shiraz
Director
1
General Information
IFS Global Marketing Limited is a company limited by shares and is incorporated in England and Wales. The address of the registered office is 515 Bristol Road, Selly Oak, Birmingham, B29 6AU. The nature of the company's operations and its principal activity was that of a property lettings agency and management services.
1.

Accounting policies

Significant accounting policies
The company's financial statements have been prepared in compliance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland' and the Companies Act 2006.

The financial statements have been prepared under the historical cost convention and on a going concern basis. The financial statements comprise the unaudited financial statements of the company up to 30 April each year, and are stated in pound sterling, the company's functional and presentational currency.

The principal accounting policies applied in the preparation of these financial statements are set out below, these policies have been applied consistently to all the years presented, unless otherwise stated.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Development costs of computer software are capitalised once a detailed program design has been established and are amortised on a straight line basis over 4 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Motor Vehicles 15% Reducing Balance
Fixtures & Fittings 25% Reducing Balance
Computers Equipment 33% Straight Line
Fixed asset investments
Fixed asset investments are stated at cost less provision for any permanent diminution in value.
2.

Average number of employees

Average number of employees during the year was 9 (2023 : 8).
3.

Intangible fixed assets

Cost Other   Total
  £   £
At 01 May 2023 5,038    5,038 
Additions  
Disposals  
At 30 April 2024 5,038    5,038 
Amortisation
At 01 May 2023 1,260    1,260 
Charge for year 1,259    1,259 
On disposals  
At 30 April 2024 2,519    2,519 
Net book values
At 30 April 2024 2,519    2,519 
At 30 April 2023 3,778    3,778 


4.

Tangible fixed assets

Cost or valuation Motor Vehicles   Fixtures & Fittings   Computers Equipment   Total
  £   £   £   £
At 01 May 2023 8,200    23,987    23,355    55,542 
Additions      
Disposals      
At 30 April 2024 8,200    23,987    23,355    55,542 
Depreciation
At 01 May 2023 3,299    21,223    18,577    43,099 
Charge for year 735    691    2,253    3,679 
On disposals      
At 30 April 2024 4,034    21,914    20,830    46,778 
Net book values
Closing balance as at 30 April 2024 4,166    2,073    2,525    8,764 
Opening balance as at 01 May 2023 4,901    1,917    2,469    9,287 


2