Registered number
11483310
IBO CONNECT LTD
Filleted Abridged Accounts
31 July 2024
IBO CONNECT LTD
Registered number: 11483310
Abridged Balance Sheet
as at 31 July 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 63 -
Creditors: amounts falling due within one year (7,771) (12,111)
Net current liabilities (7,708) (12,111)
Net liabilities (7,708) (12,111)
Capital and reserves
Called up share capital 1 1
Profit and loss account (7,709) (12,112)
Shareholders' funds (7,708) (12,111)
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.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Mr Isaac Ocran Blankson
Director
Approved by the board on 29 July 2025
IBO CONNECT LTD
Notes to the Abridged Accounts
for the year ended 31 July 2024
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Other information
IBO CONNECT LTD is a private company limited by shares and incorporated in England. Its registered office is:
54 Jeremy's Green
Edmonton
London
N18 2NB
IBO CONNECT LTD 11483310 false 2023-08-01 2024-07-31 2024-07-31 VT Final Accounts July 2024 Mr Isaac Ocran Blankson No description of principal activity 11483310 2022-08-01 2023-07-31 11483310 core:WithinOneYear 2023-07-31 11483310 core:ShareCapital 2023-07-31 11483310 core:RetainedEarningsAccumulatedLosses 2023-07-31 11483310 2023-08-01 2024-07-31 11483310 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 11483310 bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 11483310 bus:Director40 2023-08-01 2024-07-31 11483310 1 2023-08-01 2024-07-31 11483310 2 2023-08-01 2024-07-31 11483310 countries:England 2023-08-01 2024-07-31 11483310 bus:FRS102 2023-08-01 2024-07-31 11483310 bus:AbridgedAccounts 2023-08-01 2024-07-31 11483310 2024-07-31 11483310 core:WithinOneYear 2024-07-31 11483310 core:ShareCapital 2024-07-31 11483310 core:RetainedEarningsAccumulatedLosses 2024-07-31 11483310 2023-07-31 iso4217:GBP xbrli:pure