Company registration number 13751882 (England and Wales)
Ibbersons Precision Engineering Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 November 2024
PAGES FOR FILING WITH REGISTRAR
Ibbersons Precision Engineering Ltd
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Ibbersons Precision Engineering Ltd
Statement Of Financial Position
as at 30 November 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
2,251
-
0
Current assets
Debtors
82,309
103,040
Cash at bank and in hand
70,223
24,779
152,532
127,819
Creditors: amounts falling due within one year
(103,793)
(126,143)
Net current assets
48,739
1,676
Net assets
50,990
1,676
Capital and reserves
Called up share capital
4
1
1
Profit and loss reserves
50,989
1,675
Total equity
50,990
1,676

For the financial year ended 30 November 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 of its financial statements for the year in question in accordance with section 476.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).

The director of the company has elected not to include a copy of the income statement within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 16 April 2025
C Ibberson
Director
Company registration number 13751882 (England and Wales)
Ibbersons Precision Engineering Ltd
Notes to the financial statements
for the year ended 30 November 2024
- 2 -
1
Accounting policies
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 £.

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

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. Turnover is recognised upon the provision of sales and services.

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:

Plant and equipment
15% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

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

2024
2023
Number
Number
Total
8
8
Ibbersons Precision Engineering Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2024
- 3 -
3
Tangible fixed assets
Plant and equipment
£
Cost
At 1 December 2023
-
0
Additions
2,433
At 30 November 2024
2,433
Depreciation and impairment
At 1 December 2023
-
0
Depreciation charged in the year
182
At 30 November 2024
182
Carrying amount
At 30 November 2024
2,251
At 30 November 2023
-
0
4
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
5
Company information

Ibbersons Precision Engineering Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit J, Middleton Business Park, Cartwright Street, Cleckheaton, BD19 5LY.

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