Company Registration No. 14786349 (England and Wales)
IGS Projex Limited
Unaudited accounts
for the period from 7 April 2023 to 30 April 2024
IGS Projex Limited
Unaudited accounts
Contents
IGS Projex Limited
Company Information
for the period from 7 April 2023 to 30 April 2024
Company Number
14786349 (England and Wales)
Registered Office
2 Borelli Yard
Farnham
Surrey
GU9 7NU
United Kingdom
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
IGS Projex Limited
Statement of financial position
as at 30 April 2024
Cash at bank and in hand
67,564
Creditors: amounts falling due within one year
(97,594)
Net current liabilities
(5,954)
Profit and loss account
(5,955)
Shareholders' funds
(5,954)
For the period 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 director acknowledges his 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 and authorised for issue on 9 December 2024 and were signed on its behalf by
James Smithers
Director
Company Registration No. 14786349
IGS Projex Limited
Notes to the Accounts
for the period from 7 April 2023 to 30 April 2024
IGS Projex Limited is a private company, limited by shares, registered in England and Wales, registration number 14786349. The registered office is 2 Borelli Yard, Farnham, Surrey, GU9 7NU, United Kingdom.
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 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.
The accounts are presented in £ sterling.
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.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Amounts falling due within one year
IGS Projex Limited
Notes to the Accounts
for the period from 7 April 2023 to 30 April 2024
5
Creditors: amounts falling due within one year
2024
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
7
Transactions with related parties
As At 30/04/2024 IGS Projex Limited Is Owed £5,000 By IGS Interiors Limited
8
Average number of employees
During the period the average number of employees was 0.