Company Registration No. 11312444 (England and Wales)
Irn Bruvvas Ltd
Unaudited accounts
for the year ended 30 April 2024
Irn Bruvvas Ltd
Statement of financial position
as at 30 April 2024
Tangible assets
30,872
25,900
Cash at bank and in hand
(28,930)
5,430
Creditors: amounts falling due within one year
(388,296)
(206,912)
Net current liabilities
(380,339)
(176,819)
Net liabilities
(349,467)
(150,919)
Called up share capital
3
3
Profit and loss account
(349,470)
(150,922)
Shareholders' funds
(349,467)
(150,919)
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 directors acknowledge their 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 of Directors and authorised for issue on 28 January 2025 and were signed on its behalf by
Dominic Sherington
Director
Company Registration No. 11312444
Irn Bruvvas Ltd
Notes to the Accounts
for the year ended 30 April 2024
Irn Bruvvas Ltd is a private company, limited by shares, registered in England and Wales, registration number 11312444. The registered office is 262 Hackney Road, E2 7SJ, ENGLAND.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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:
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2023
30,998
8,342
39,340
At 30 April 2024
47,048
8,342
55,390
At 1 May 2023
10,488
2,952
13,440
Charge for the year
9,409
1,669
11,078
At 30 April 2024
19,897
4,621
24,518
At 30 April 2024
27,151
3,721
30,872
At 30 April 2023
20,510
5,390
25,900
Irn Bruvvas Ltd
Notes to the Accounts
for the year ended 30 April 2024
Amounts falling due within one year
Trade debtors
8,187
12,154
Accrued income and prepayments
28,700
12,009
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
84,563
30,478
Trade creditors
99,282
29,866
Taxes and social security
62,259
80,906
Other creditors
26,478
2,178
Loans from directors
105,549
54,018
7
Average number of employees
During the year the average number of employees was 15 (2023: 15).