IGO E&P LIMITED

Company Registration Number:
SC626615 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 01 April 2024

End date: 31 March 2025

IGO E&P LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2025

Company Information - 3
Balance sheet - 4
Additional notes - 6
Balance sheet notes - 10

IGO E&P LIMITED

Company Information

for the Period Ended 31 March 2025




Director: P.C. Eadsforth
Mrs. D.M. Eadsforth
Secretary: Mrs. D.M. Eadsforth
Registered office: Carradale
Lawrence Road
Old Rayne
Insch
Aberdeenshire
GB-SCT
AB52 6RF
Company Registration Number: SC626615 (Scotland)

IGO E&P LIMITED

Balance sheet

As at 31 March 2025


Notes

2025
£

2024
£
Fixed assets
Tangible assets: 5 17,740 21,234
Total fixed assets: 17,740 21,234
Current assets
Debtors: 6 31,995 19,327
Cash at bank and in hand: 88,635 125,325
Total current assets: 120,630 144,652
Creditors: amounts falling due within one year: 7 ( 13,595 ) ( 12,642 )
Net current assets (liabilities): 107,035 132,010
Total assets less current liabilities: 124,775 153,244
Total net assets (liabilities): 124,775 153,244

The notes form part of these financial statements

IGO E&P LIMITED

Balance sheet continued

As at 31 March 2025


Notes

2025
£

2024
£
Capital and reserves
Called up share capital: 2 2
Profit and loss account: 124,773 153,242
Shareholders funds: 124,775 153,244

For the year ending 31 March 2025 the company was entitled to exemption 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.

This report was approved by the board of directors on 12 August 2025
And Signed On Behalf Of The Board By:

Name: P.C. Eadsforth
Status: Director

The notes form part of these financial statements

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    The turnover shown in the profit and loss account represents revenue earned during the period, exclusive of VAT

    Tangible fixed assets depreciation policy

    Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life :- Motor Vehicle at 25% on the reducing net book value and Office Equipment at 15% on the reducing net book value

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees


    2025

    2024
    Average number of employees during the period 2 2

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 3. Off balance sheet disclosure

    No

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Dividends


2025
£

2024
£
Dividends paid 22,000 2,000

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Tangible assets

Office equipment Motor vehicles Total
Cost £ £ £
At 01 April 2024 5,287 25,000 30,287
Additions 1,843 - 1,843
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 March 2025 7,130 25,000 32,130
Depreciation
At 01 April 2024 2,803 6,250 9,053
Charge for year 649 4,688 5,337
On disposals - - -
Other adjustments - - -
At 31 March 2025 3,452 10,938 14,390
Net book value
At 31 March 2025 3,678 14,062 17,740
At 31 March 2024 2,484 18,750 21,234

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

6. Debtors


2025
£

2024
£
Trade debtors 29,700 18,000
Prepayments and accrued income 106 571
Other debtors 2,189 756
Total 31,995 19,327

IGO E&P LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2025

7.Creditors: amounts falling due within one year note


2025
£

2024
£
Taxation and social security 9,905 10,902
Accruals and deferred income 1,600 1,740
Other creditors 2,090 0
Total 13,595 12,642