Company No:
13837907 (England and Wales)
IFG UK LTD
Unaudited Financial Statements
For the financial year ended 31 January 2025
Pages for filing with the registrar
For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
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The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
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These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.
The financial statements of IFG UK LTD (registered number:
13837907) were approved and authorised for issue by
the Director on
22 October 2025. They were signed on its behalf by:
|
Luke Graham Haffenden
Director
|
|
1. Accounting policies
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
General information and basis of accounting
IFG UK LTD (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wises Oast Business Centre Wises Lane, Borden, Sittingbourne, ME9 8LR, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Taxation
Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Intangible assets
Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:
| Other intangible assets |
4 years straight line |
Tangible fixed assets
Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:
| Plant and machinery etc. |
4 -
5 years straight line |
Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
2. Critical accounting judgements and key sources of estimation uncertainty
In the application of the Company’s accounting policies, the director is required to make judgements that have a significant impact on the amounts recognised. The following are the critical judgements that the director has made in the process of applying the Company’s accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
9. Creditors: amounts falling due after more than one year
|
2025 |
|
2024 |
|
£ |
|
£ |
| Obligations under finance leases and hire purchase contracts |
6,536
|
|
9,012
|
There are no amounts included above in respect of which any security has been given by the small entity.
12. Related party transactions
Transactions with entities in which the entity itself has a participating interest
|
2025 |
|
2024 |
|
£ |
|
£ |
| At the year end a group company owed the company |
30,066 |
|
21,266 |
Transactions with the entity's director
|
2025 |
|
2024 |
|
£ |
|
£ |
| At the year end the company owed a director |
13,934 |
|
2,658 |