Registered number
NI627461
IOS Construction Projects Ltd
Filleted Accounts
31 October 2024
IOS Construction Projects Ltd
Registered number: NI627461
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,768 9,768
Current assets
Cash at bank and in hand 15,541 20,061
Creditors: amounts falling due within one year 4 (916) (898)
Net current assets 14,625 19,163
Net assets 24,393 28,931
Capital and reserves
Called up share capital 1 1
Profit and loss account 24,392 28,930
Shareholders' funds 24,393 28,931
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ionut Petrariu
Director
Approved by the board on 6 February 2025
IOS Construction Projects Ltd
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 32,540
At 31 October 2024 32,540
Depreciation
At 1 November 2023 22,772
At 31 October 2024 22,772
Net book value
At 31 October 2024 9,768
At 31 October 2023 9,768
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 484 484
Other creditors 432 414
916 898
5 Other information
IOS Construction Projects Ltd is a private company limited by shares and incorporated in Northern Ireland. Its registered office is:
22 St Colmans Park
Newry
Down
BT34 2BX
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