IE&BS Limited - Filleted accounts

Registered number

10661705

IE&BS Limited

Filleted Accounts

31 January 2025

IE&BS Limited
Registered number:		10661705
Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		25,201			33,601

Current assets
Debtors	4	17,920			-
Cash at bank and in hand		49,028			75,435
		66,948			75,435

Creditors: amounts falling due within one year	5	(10,944)			(5,554)

Net current assets			56,004			69,881

Net assets			81,205			103,482

Capital and reserves
Called up share capital			1			1
Profit and loss account			81,204			103,481

Shareholders' funds			81,205			103,482

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.




Izzet Ertas
Director
Approved by the board on 22 August 2025

IE&BS Limited
Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The 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.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	25% Reducing balance
	Motor Vehicle	25% Reducing balance

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Plant and machinery etc		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2024	2,248		58,000		60,248
	At 31 January 2025	2,248		58,000		60,248

	Depreciation
	At 1 February 2024	1,272		25,375		26,647
	Charge for the year	244		8,156		8,400
	At 31 January 2025	1,516		33,531		35,047

	Net book value
	At 31 January 2025	732		24,469		25,201
	At 31 January 2024	976		32,625		33,601


4	Debtors			2025		2024
£					£

	Trade debtors			17,920		-


5	Creditors: amounts falling due within one year			2025		2024
£					£

	Trade creditors			4,755		38
	Taxation and social security costs			5,089		3,378
	Other creditors			1,100		2,138
				10,944		5,554


6	Other information

	IE&BS Limited is a private company limited by shares and incorporated in England. Its registered office is:
	338a
	Regents Park Road
	London
	N3 2LN