i4 Projects Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03047882 (England and Wales)

I4 PROJECTS LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

Notes to the Financial Statements

4

DIRECTOR:

C Allen

REGISTERED OFFICE:

Fryern House

125 Winchester Road

Eastleigh

Hampshire

SO53 2DR

REGISTERED NUMBER:

03047882 (England and Wales)

ACCOUNTANTS:

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of i4 Projects Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of i4 Projects Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of i4 Projects Limited and state those matters that we have agreed to state to the director of i4 Projects Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than i4 Projects Limited and its director for our work or for this report.

It is your duty to ensure that i4 Projects Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of i4 Projects Limited. You consider that i4 Projects Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of i4 Projects Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Rothmans CF Limited

Fryern House

125 Winchester Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2DR

12 December 2025

FIXED ASSETS

Tangible assets

4

18,388

4,652

CURRENT ASSETS

Debtors

5

169,876

172,714

Cash at bank

439,819

363,491

609,695

536,205

CREDITORS

Amounts falling due within one year

6

350,303

315,716

NET CURRENT ASSETS

259,392

220,489

TOTAL ASSETS LESS CURRENT
LIABILITIES

277,780

225,141

CREDITORS

Amounts falling due after more than one
year

7

9,640

19,908

NET ASSETS

268,140

205,233

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

268,040

205,133

268,140

205,233

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 12 December 2025 and were signed by:

C Allen - Director

1.	STATUTORY INFORMATION

i4 Projects Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 03047882 and the address of its registered office is Fryern House, 125 Winchester Road, Eastleigh, Hampshire, SO53 2DR.

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.

The presentation currency is £ sterling.

Going concern

The financial statements have been prepared on the going concern basis.

Critical accounting judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make make judgements, estimates and assumptions that affect the amount reported for assets and liabilities as at the balance sheet date, and the amounts reported for revenues and expenses during the year. However, the nature of estimation means the actual outcomes could differ from those estimates.

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Revenue recognition

Revenue is recognised in relation to the value of work carried out which is based on the project as a
whole. Judgements are made on the timing of revenue recognition based on the percentage
completion of the work, and the expected outcome of the contract.

Other key sources of estimation uncertainty

Revenue recognition

The degree of completion of contracts is estimated by reviewing the costs incurred to to date against
the total expected costs of the project.

Turnover

Turnover represents net sales during the year (excluding value added tax) adjusted for accrued and deferred income where applicable.

Profit is recognised on long-term contracts, if the final outcome can be assessed with reasonable certainty, by including in the income statement turnover and related costs as contract activity progresses. Turnover is calculated as that proportion of total contract value which costs to date bear to total expected costs for that contract.

Tangible fixed assets

All fixed assets are initially recorded at cost.

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

Improvements to property

- 6 years straight line

Fixtures and fittings

- 6 years straight line

Computer equipment

- 3 years straight line

The assets' residual values and useful lives are reviewed and adjusted, if appropriate, at the end of each reporting period. The effect of any change is accounted for prospectively.

Fixed assets are derecognised on disposal or when no future economic benefits are expected. On disposal, the difference between the net disposal proceeds and the carrying amount is recognised in the Statement of Income and Retained Earnings.

Financial instruments

The company only has financial assets and liabilities of the kind that qualify as basic financial instruments.

Basic financial instruments are initially recognised at transaction value and debt instruments are subsequently

measured at amortised cost.

Taxation

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

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 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 period 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to the Statement of Income and Retained Earnings in the period to which they relate.

Government grants

Grants are recognised on a performance basis in the Statement of Income and Retained Earnings in the period to which they relate, in accordance with the terms of the grant. Any accrued or deferred element of the grant is included in debtors or creditors as applicable.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

Computer

to property

fittings

equipment

Totals

£

COST

At 1 January 2024

-

3,879

3,157

7,036

Additions

3,871

11,745

3,501

19,117

Reclassification

-

(1,756

)

1,756

-

At 31 December 2024

3,871

13,868

8,414

26,153

DEPRECIATION

At 1 January 2024

-

704

1,680

2,384

Charge for year

646

2,311

2,424

5,381

Reclassification

-

(43

)

43

-

At 31 December 2024

646

2,972

4,147

7,765

NET BOOK VALUE

At 31 December 2024

3,225

10,896

4,267

18,388

At 31 December 2023

-

3,175

1,477

4,652

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Trade debtors

138,772

43,987

Other debtors

17,921

22,164

Directors' current accounts

-

19,500

VAT

4,634

-

Prepayments and accrued income

8,549

87,063

169,876

172,714

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

Bank loans and overdrafts

10,268

10,015

Trade creditors

51,319

110,316

Amounts owed to group undertakings

35,000

Corporation tax

29,028

43,316

Social security and other taxes

7,707

3,621

VAT

-

25,134

Other creditors

52,421

7,576

Directors' current accounts

4,630

-

Accruals and deferred income

159,930

80,738

350,303

315,716

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

Bank loans - 1-2 years

9,640

10,268

Bank loans - 2-5 years

-

9,640

19,908

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2024

2023

£

Within one year

-

5,000

Between one and five years

94,738

-

94,738

5,000

9.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end the company owed the director £4,630 (2023: owed to the company £19,500). At the year end loans from the company to members of staff related to the director amounted to £9,750 (2023: £9,750).