2023-03-29 04702600 2024-03-27 04702600 2023-03-29 2024-03-27 04702600 2023-03-28 04702600 2022-03-30 2023-03-28 04702600 uk-core:WithinOneYear 2023-03-28 04702600 uk-core:WithinOneYear 2024-03-27 04702600 uk-core:ShareCapital 2024-03-27 04702600 uk-core:ShareCapital 2023-03-28 04702600 uk-core:RetainedEarningsAccumulatedLosses 2024-03-27 04702600 uk-core:RetainedEarningsAccumulatedLosses 2023-03-28 04702600 uk-bus:Director1 2023-03-29 2024-03-27 04702600 uk-core:FurnitureFittingsToolsEquipment 2023-03-29 2024-03-27 04702600 uk-core:WithinOneYear 2023-03-29 2024-03-27 04702600 1 uk-bus:Director1 2023-03-29 2024-03-27 04702600 1 uk-bus:Director1 2024-03-27 04702600 1 uk-bus:Director1 2023-03-28 04702600 4 uk-bus:Director3 2023-03-29 2024-03-27 04702600 4 uk-bus:Director3 2024-03-27 04702600 4 uk-bus:Director3 2023-03-28 iso4217:GBP xbrli:pure 04702600 uk-bus:AuditExemptWithAccountantsReport 2023-03-29 2024-03-27 04702600 uk-bus:FRS102 2023-03-29 2024-03-27 04702600 uk-bus:FilletedAccounts 2023-03-29 2024-03-27 04702600 uk-bus:PrivateLimitedCompanyLtd 2023-03-29 2024-03-27
The Information Bank Ltd
Registered Number:04702600
For the period ended 27 March 2024
England and Wales
Unaudited Financial Statements
2
For the period ended 27 March 2024
The Information Bank Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
04702600
As at 27 March 2024
The Information Bank Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
310
413
2
310
413
Current assets
Trade and other receivables
7,519
20,329
3
633
Cash and cash equivalents
408
20,737
8,152
Trade and other payables: amounts falling due within one
year
(21,665)
(30,174)
4
(13,513)
(9,437)
Net current liabilities
Total assets less current liabilities
(9,127)
(13,100)
(105)
(105)
Provisions for liabilities
(9,232)
Net liabilities
(13,205)
Capital and reserves
Called up share capital
2
2
Retained earnings
(9,234)
(13,207)
(9,232)
(13,205)
Shareholders' funds
For the period ended 27 March 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 period ended 27 March 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
S Gayton Director
These financial statements were approved and authorised for issue by the Board on 27 May 2025 and were signed by:
The notes form part of these financial statements
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4
For the period ended 27 March 2024
The Information Bank Ltd
Notes to the Financial Statements
Statutory Information
The Information Bank Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration
number 04702600.
Registered address:
Pilgrim House
Oxford Place
Plymouth
Devon
PL1 5AJ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention.
Revenue recognition
Turnover represents income from the provision of computer services, consultancy and software maintenance, at invoice value.
Property, plant and equipment
Tangible fixed assets are stated at cost less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Fixtures and fittings
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.
2. Property, plant and equipment
Fixtures and
fittings
£
Cost or
valuation
At 29 March 2023
18,092
At 27 March 2024
18,092
Provision for depreciation and impairment
At 29 March 2023
17,679
Charge for period
103
At 27 March 2024
17,782
At 27 March 2024
Net book value
310
At 28 March 2023
413
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5
For the period ended 27 March 2024
The Information Bank Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2023
2024
£
£
Trade debtors
422
-
Other debtors
19,907
7,519
7,519
20,329
4. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Trade creditors
2,906
1,726
Taxation and social security
20,241
14,245
Other creditors
7,027
5,694
30,174
21,665
Included within taxation and social security is corporation tax of £18,417 (2023: £9,855).
5. Related party transactions
The company is under the effective control of Stef Gayton.
6. Directors advances and guarantees
At 29/03/2023
Loaned
Repaid
At 27/03/2024
£
£
£
£
C Jones
Directors Loan
111
111
-
-
111
111
-
-
S Gayton
Directors Loan
(557)
81
2,790
3,428
(557)
81
2,790
3,428
7. Average number of persons employed
During the year the average number of employees was 2 (2023 : 2)
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