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REGISTERED NUMBER: 08168080 (England and Wales)















Ives N Limited

Unaudited Financial Statements for the Year Ended 31 August 2024






Ives N Limited (Registered number: 08168080)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ives N Limited

Company Information
for the Year Ended 31 August 2024







Director: Neill Andrew Ives





Registered office: 46 Meadowbrook Road
Morton
Wirral
Merseyside
CH46 0RS





Registered number: 08168080 (England and Wales)





Accountants: Leach Briely
Craven House
32 Lee Lane
Horwich
Bolton
Greater Manchester
BL6 7BY

Ives N Limited (Registered number: 08168080)

Statement of Financial Position
31 August 2024

2024 2023
Notes £    £    £   
Fixed assets
Tangible assets 4 27,729 36,972

Current assets
Stocks 63,000 75,000
Debtors 5 173,076 134,412
Cash at bank and in hand 40,257 65,310
276,333 274,722
Creditors
Amounts falling due within one year 6 91,278 88,915
Net current assets 185,055 185,807
Total assets less current liabilities 212,784 222,779

Creditors
Amounts falling due after more than
one year

7

(10,121

)

(34,060

)

Provisions for liabilities 8 (7,348 ) (9,798 )
Net assets 195,315 178,921

Capital and reserves
Called up share capital 9 100 100
Retained earnings 195,215 178,821
Shareholders' funds 195,315 178,921

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ives N Limited (Registered number: 08168080)

Statement of Financial Position - continued
31 August 2024


The 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, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





Neill Andrew Ives - Director


Ives N Limited (Registered number: 08168080)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. Statutory information

Ives N Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. Accounting policies

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance

Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Stocks
Stocks are measured at estimated cost.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of the financial assets and liabilities such as trade and other debtors and creditors. These are measured at amortised cost and assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the statement of income and retained earnings.

Taxation
The taxation expense represents the aggregate amount of current tax recognised in the reporting year . Tax is recognised in the statement of income and retained earnings. Current tax is recognised on taxable profit for the current year.

Current tax is measured at the amounts of tax expected to be paid using the tax rates and laws that have been enacted or substantively enacted at the reporting date.


Ives N Limited (Registered number: 08168080)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

2. Accounting policies - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. Employees and directors

The average number of employees during the year was 1 (2023 - 1 ) .

4. Tangible fixed assets
Motor Computer
vehicles equipment Totals
£    £    £   
Cost
At 1 September 2023
and 31 August 2024 107,355 883 108,238
Depreciation
At 1 September 2023 70,383 883 71,266
Charge for year 9,243 - 9,243
At 31 August 2024 79,626 883 80,509
Net book value
At 31 August 2024 27,729 - 27,729
At 31 August 2023 36,972 - 36,972

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 85,973 51,447
Other debtors 87,103 82,965
173,076 134,412

Ives N Limited (Registered number: 08168080)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Bank loan 16,726 9,800
Hire purchase contracts 4,858 4,858
Trade creditors 24,500 42,139
Taxation and social security 35,374 14,404
Other creditors 9,820 17,714
91,278 88,915

7. Creditors: amounts falling due after more than one year
2024 2023
£    £   
Bank loan - 19,081
Hire purchase contracts 10,121 14,979
10,121 34,060

8. Provisions for liabilities
2024 2023
£    £   
Deferred tax 7,348 9,798

Deferred
tax
£   
Balance at 1 September 2023 9,798
Credit to Statement of Income and Retained Earnings during year (2,450 )
Balance at 31 August 2024 7,348

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

Ives N Limited (Registered number: 08168080)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

10. Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
Neill Andrew Ives
Balance outstanding at start of year 72,928 69,524
Amounts advanced 78,398 76,140
Amounts repaid (75,240 ) (72,736 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 76,086 72,928