IFAC LTD.

Company Registration Number:
05386389 (England and Wales)

Unaudited abridged accounts for the year ended 31 May 2025

Period of accounts

Start date: 01 June 2024

End date: 31 May 2025

IFAC LTD.

Contents of the Financial Statements

for the Period Ended 31 May 2025

Balance sheet
Notes

IFAC LTD.

Balance sheet

As at 31 May 2025


Notes
2025
2024


£
£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 130,000 165,000
Tangible assets: 4 82,360 85,201
Investments: 5 0 3,911
Total fixed assets: 212,360 254,112
Current assets
Stocks: 0 0
Debtors:   25,791 12,151
Cash at bank and in hand: 52,037 43,060
Investments:   0 0
Total current assets: 77,828 55,211
Creditors: amounts falling due within one year: 6 (134,377) (148,724)
Net current assets (liabilities): (56,549) (93,513)
Total assets less current liabilities: 155,811 160,599
Creditors: amounts falling due after more than one year: 7 (2,731) (13,152)
Provision for liabilities: (3,616) (3,808)
Total net assets (liabilities): 149,464 143,639
Capital and reserves
Called up share capital: 400,106 400,106
Profit and loss account: (250,642) (256,467)
Shareholders funds: 149,464 143,639

The notes form part of these financial statements

IFAC LTD.

Balance sheet statements

For the year ending 31 May 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.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 04 November 2025
and signed on behalf of the board by:

Name: charlie palmer
Status: Director

The notes form part of these financial statements

IFAC LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2025

1. Accounting policies

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

IFAC LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2025

2. Employees

2025 2024
Average number of employees during the period 5 5

IFAC LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2025

3. Intangible Assets

Total
Cost £
At 01 June 2024 250,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2025 250,000
Amortisation
At 01 June 2024 85,000
Charge for year 35,000
On disposals 0
Other adjustments 0
At 31 May 2025 120,000
Net book value
At 31 May 2025 130,000
At 31 May 2024 165,000

IFAC LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2025

4. Tangible Assets

Total
Cost £
At 01 June 2024 168,662
Additions 775
Disposals 0
Revaluations 0
Transfers 0
At 31 May 2025 169,437
Depreciation
At 01 June 2024 83,461
Charge for year 3,616
On disposals 0
Other adjustments 0
At 31 May 2025 87,077
Net book value
At 31 May 2025 82,360
At 31 May 2024 85,201

IFAC LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2025

5. Fixed investments

Fixed asset investments revalued Listed investments having been included at market value have been fully disposed in the year. The historical cost of the investments is £nil (2024 £4,272).

IFAC LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2025

6. Creditors: amounts falling due within one year note

Bank loans is made up of a bounce back loan which is unsecured.

IFAC LTD.

Notes to the Financial Statements

for the Period Ended 31 May 2025

7. Creditors: amounts falling due after more than one year note

Bank loans and overdrafts are made up of a bounce back loan which is unsecured