REGISTERED NUMBER: 05767931 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH APRIL 2025

FOR

IGI SYSTEMS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

Dr T Ingham

REGISTERED OFFICE:

23 Grange Road

West Cowick

East Yorkshire

DN14 9EL

REGISTERED NUMBER:

05767931 (England and Wales)

ACCOUNTANTS:

CGA

Chartered Certified Accountants

3 & 4 Park Court

Riccall Road

Escrick

York

North Yorkshire

YO19 6ED

FIXED ASSETS

Tangible assets

4

3,073

3,498

CURRENT ASSETS

Stocks

10,189

9,264

Debtors

5

7,011

8,803

Cash at bank

161,057

210,943

178,257

229,010

CREDITORS

Amounts falling due within one year

6

86,414

104,455

NET CURRENT ASSETS

91,843

124,555

TOTAL ASSETS LESS CURRENT LIABILITIES

94,916

128,053

PROVISIONS FOR LIABILITIES

584

665

NET ASSETS

94,332

127,388

CAPITAL AND RESERVES

Called up share capital

200

200

Retained earnings

94,132

127,188

SHAREHOLDERS' FUNDS

94,332

127,388

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 19th September 2025 and were signed by:

Dr T Ingham - Director

1.	STATUTORY INFORMATION

IGI Systems Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the service has been carried out.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st May 2024

11,874

Additions

599

At 30th April 2025

12,473

DEPRECIATION

At 1st May 2024

8,376

Charge for year

1,024

At 30th April 2025

9,400

NET BOOK VALUE

At 30th April 2025

3,073

At 30th April 2024

3,498

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,830

5,200

Other debtors

5,181

3,603

7,011

8,803

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

1,665

1,974

Taxation and social security

8,488

25,799

Other creditors

76,261

76,682

86,414

104,455

7.	RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £34,911 (2024 - £35,382) to the director. No interest has been charged to the company in respect of this loan which is repayable on demand and is presented within creditors due within one year.