| Registered Number:04702600 |
For the period ended 27 March 2024
England and Wales
Unaudited Financial Statements
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
The Information Bank Ltd
Statement of Financial Position
2023
2024
| Property, plant and equipment |
310
413
2
310
413
| 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)
2
2
(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. |
| 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 |
1 of 3
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. |
Pilgrim House
Oxford Place
Plymouth
Devon
PL1 5AJ
| The presentation currency is £ sterling. |
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: |
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 |
18,092
18,092
| Provision for depreciation and impairment |
17,679
Charge for period
103
17,782
310
413
2 of 3
For the period ended 27 March 2024
The Information Bank Ltd
Notes to the Financial Statements Continued
| 3. Trade and other receivables |
2023
2024
422
-
19,907
7,519
7,519
20,329
| 4. Trade and other payables: amounts falling due within one year |
2023
2024
2,906
1,726
| Taxation and social security |
20,241
14,245
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 |
Loaned
Repaid
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)
3 of 3