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Registered number: 12765626
I-Feeder Technologies (UK) Limited
Unaudited Financial Statements
For The Year Ended 31 July 2024
Q Shaw Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12765626
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 18,750 18,750
Investments 5 - 1,218
18,750 19,968
CURRENT ASSETS
Stocks 6 - 35,171
Debtors 7 34,280 36,058
Cash at bank and in hand 2,810 246
37,090 71,475
Creditors: Amounts Falling Due Within One Year 8 (532,013 ) (277,181 )
NET CURRENT ASSETS (LIABILITIES) (494,923 ) (205,706 )
TOTAL ASSETS LESS CURRENT LIABILITIES (476,173 ) (185,738 )
NET LIABILITIES (476,173 ) (185,738 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (476,174 ) (185,739 )
SHAREHOLDERS' FUNDS (476,173) (185,738)
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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 Johan VAN ZYL
Director
21/07/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
I-Feeder Technologies (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12765626 . The registered office is 14 St. Edmunds Close, London, NW8 7QS.
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.
2.2. Research and Development
In the research phase of an internal project it is not possible to demonstrate that the project will generate future economic benefits and hence all expenditure on research is recognised as an expense when it is incurred. Intangible assets are recognised from the development phase of a project if and only if certain specific criteria are met in order to demonstrate the asset will generate probable future economic benefits and that its cost can be reliably measured. The capitalised development costs are subsequently amortised to ... on a straight line basis over their expected useful economic lives, which range from ... to ... years.
If it is not possible to distinguish between the research phase and the development phase of an internal project the expenditure is treated as if it were all incurred in the research phase only.
2.3. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Intangible Assets
Development Costs
£
Cost
As at 1 August 2023 18,750
As at 31 July 2024 18,750
Net Book Value
As at 31 July 2024 18,750
As at 1 August 2023 18,750
Page 2
Page 3
5. Investments
Subsidiaries
£
Cost or Valuation
As at 1 August 2023 1,218
Disposals (1,218 )
As at 31 July 2024 -
Provision
As at 1 August 2023 -
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 -
As at 1 August 2023 1,218
6. Stocks
2024 2023
£ £
Finished goods and goods for resale - 35,171
7. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 32,090 31,674
Other debtors 10 2,204
32,100 33,878
Due after more than one year
Trade debtors 2,180 2,180
34,280 36,058
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 307,736 158,357
Other creditors 224,277 118,824
532,013 277,181
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
Page 3