Company Registration No. 08708439 (England and Wales)
ILM-Ornate Lane Ltd
Unaudited accounts
for the year ended 31 December 2024
ILM-Ornate Lane Ltd
Unaudited accounts
Contents
ILM-Ornate Lane Ltd
Company Information
for the year ended 31 December 2024
Directors
Mr Waseem Ahmed
Mr Aweis Ben Asghar
Company Number
08708439 (England and Wales)
Registered Office
Carlisle Business Centre
Carlisle Road
Bradford
BD8 8BD
United Kingdom
Accountants
Pinnacle Chartered Accountants & Tax Advisors
The Elsie Whiteley Innovation Centre
Hopwood Lane
Halifax
HX1 5ER
ILM-Ornate Lane Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
41,942
40,561
Cash at bank and in hand
14,079
52,463
Creditors: amounts falling due within one year
(76,589)
(65,639)
Net current assets
233,894
284,477
Total assets less current liabilities
275,836
325,038
Provisions for liabilities
Deferred tax
(9,974)
(9,652)
Net assets
265,862
315,386
Called up share capital
108
108
Profit and loss account
265,754
315,278
Shareholders' funds
265,862
315,386
For the year ending 31 December 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by
Mr Aweis Ben Asghar
Director
Company Registration No. 08708439
ILM-Ornate Lane Ltd
Notes to the Accounts
for the year ended 31 December 2024
ILM-Ornate Lane Ltd is a private company, limited by shares, registered in England and Wales, registration number 08708439. The registered office is Carlisle Business Centre, Carlisle Road, Bradford, BD8 8BD, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts and rebates. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on reducing balance
Computer equipment
25% on reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
ILM-Ornate Lane Ltd
Notes to the Accounts
for the year ended 31 December 2024
4
Intangible fixed assets
Total
At 31 December 2024
165,000
At 31 December 2024
165,000
5
Tangible fixed assets
Total
At 31 December 2024
105,830
Charge for the year
13,979
At 31 December 2024
63,888
At 31 December 2024
41,942
At 31 December 2023
40,561
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Deferred taxation
2024
2023
Accelerated capital allowances
9,974
9,652
Provision at start of year
9,652
5,221
Charged to the profit and loss account
322
4,431
Provision at end of year
9,974
9,652
Allotted, called up and fully paid:
108 Ordinary shares of £1 each
108
108
8
Average number of employees
During the year the average number of employees was 93 (2023: 86).