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ILAFF LIMITED

Registered Number
14502781
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

ILAFF LIMITED
Company Information
for the year from 1 December 2023 to 30 November 2024

Director

Samuel Moussi

Registered Address

71-75 Shelton Street
Covent Garden
London
WC2H 9JQ

Registered Number

14502781 (England and Wales)
ILAFF LIMITED
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3932881
932881
Current assets
Debtors7,71911,126
Cash at bank and on hand1,54014,898
9,25926,024
Creditors amounts falling due within one year(8,909)(19,053)
Net current assets (liabilities)3506,971
Total assets less current liabilities1,2827,852
Net assets1,2827,852
Capital and reserves
Called up share capital100100
Profit and loss account1,1827,752
Shareholders' funds1,2827,852
The financial statements were approved and authorised for issue by the Director on 21 February 2025, and are signed on its behalf by:
Samuel Moussi
Director
Registered Company No. 14502781
ILAFF LIMITED
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Office Equipment7
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 December 23961
Additions284
At 30 November 241,245
Depreciation and impairment
At 01 December 2380
Charge for year233
At 30 November 24313
Net book value
At 30 November 24932
At 30 November 23881