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Registered number: 07257481
IKB Furniture Limited
Financial Statements
For the Period 1 June 2024 to 31 December 2024
Devonports LAS Accountants Ltd
Cumberland House
24 - 28 Baxter Avenue
Southend on Sea
Essex
SS2 6HZ
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07257481
31 December 2024 31 May 2024
Notes £ £ £ £
FIXED ASSETS
Investments 4 16,561 16,561
16,561 16,561
CURRENT ASSETS
Debtors 5 79,900 129,760
Cash at bank and in hand 2,244 2,908
82,144 132,668
Creditors: Amounts Falling Due Within One Year 6 (2,081 ) (12,336 )
NET CURRENT ASSETS (LIABILITIES) 80,063 120,332
TOTAL ASSETS LESS CURRENT LIABILITIES 96,624 136,893
NET ASSETS 96,624 136,893
CAPITAL AND RESERVES
Called up share capital 7 100 100
Profit and Loss Account 96,524 136,793
SHAREHOLDERS' FUNDS 96,624 136,893
Page 1
Page 2
For the period ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr I K Barren
Director
12/03/2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IKB Furniture Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07257481 . The registered office is Cumberland House, 24- 28 Baxter Avenue, Southend-On-Sea, Essex, SS2 6HZ.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2024: 1)
1 1
4. Investments
Listed Unlisted Total
£ £ £
Cost
As at 1 June 2024 16,511 50 16,561
As at 31 December 2024 16,511 50 16,561
Provision
As at 1 June 2024 - - -
As at 31 December 2024 - - -
Net Book Value
As at 31 December 2024 16,511 50 16,561
As at 1 June 2024 16,511 50 16,561
5. Debtors
31 December 2024 31 May 2024
£ £
Due within one year
Trade debtors 4,500 4,500
Other debtors 75,400 125,260
79,900 129,760
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Page 4
6. Creditors: Amounts Falling Due Within One Year
31 December 2024 31 May 2024
£ £
Trade creditors 361 390
Accruals and deferred income 1,260 660
Director's loan account 460 11,286
2,081 12,336
7. Share Capital
31 December 2024 31 May 2024
£ £
Allotted, Called up and fully paid 100 100
8. Related Party Transactions
The company continues to be 50% shareholder in Squggle Glass Limited from which it receives dividend income and makes loans to that company to assist it's trading cashflow. There is an amount due from this company at the year end date of £75,400 (31st May 2024 - £125,260) this is included within other debtors.
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