Company registration number 10285245 (England and Wales)
IRON CARROT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
IRON CARROT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
IRON CARROT LIMITED (REGISTERED NUMBER: 10285245)
BALANCE SHEET
AS AT
31 JULY 2024
31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
7,367
3,821
Current assets
Debtors
4
219,843
147,526
Cash at bank and in hand
25,215
11,220
245,058
158,746
Creditors: amounts falling due within one year
5
(91,594)
(37,600)
Net current assets
153,464
121,146
Total assets less current liabilities
160,831
124,967
Provisions for liabilities
(1,841)
(808)
Net assets
158,990
124,159
Capital and reserves
Called up share capital
10
10
Profit and loss reserves
158,980
124,149
Total equity
158,990
124,159

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 20 January 2025 and are signed on its behalf by:
Ms C J Anderson
Director
IRON CARROT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
- 2 -
1
Accounting policies
Company information

Iron Carrot Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4th Floor, 399-401 Strand, London, United Kingdom, WC2R 0LT.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Going concern

Atruet the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for the services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% reducing balance
Computers
25% reducing balance
1.5
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

IRON CARROT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
1
Accounting policies
(Continued)
- 3 -
1.6
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
4
2
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 August 2023
-
0
5,917
5,917
Additions
447
4,607
5,054
At 31 July 2024
447
10,524
10,971
Depreciation and impairment
At 1 August 2023
-
0
2,096
2,096
Depreciation charged in the year
93
1,415
1,508
At 31 July 2024
93
3,511
3,604
Carrying amount
At 31 July 2024
354
7,013
7,367
At 31 July 2023
-
0
3,821
3,821
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
84,816
22,989
Other debtors
135,027
124,537
219,843
147,526
IRON CARROT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 JULY 2024
- 4 -
5
Creditors: amounts falling due within one year
2024
2023
£
£
Taxation and social security
79,877
28,083
Other creditors
11,717
9,517
91,594
37,600
6
Related party transactions

At the year end the company was owed £126,451 (2023: £124,151) from a company with common directors.

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