Ian Ford Limited - Filleted accounts

Ian Ford Limited
Report and accounts
Contents




Page

Director's report	1
Profit and loss account	2
Balance sheet	3
Notes to the accounts	5

Ian Ford Limited
Registered number:		04942390
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		1,800			1,800
Tangible assets	4		282,008			284,259
			283,808			286,059

Current assets
Stocks		11,050			11,018
Debtors	5	860			945
Cash at bank and in hand		735			4,869
		12,645			16,832

Creditors: amounts falling due within one year	6	(126,687)			(137,283)

Net current liabilities			(114,042)			(120,451)

Total assets less current liabilities			169,766			165,608


Provisions for liabilities			(2,054)			(1,744)


Net assets			167,712			163,864

Capital and reserves
Called up share capital			100			100
Profit and loss account			167,612			163,764

Shareholder's funds			167,712			163,864

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




I Ford
Director
Approved by the board on 23 December 2025

Ian Ford Limited
Notes to the Accounts
for the year ended 31 March 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:

	Freehold buildings			N/A
	Plant and machinery			25% RB
	Fixtures, fittings, tools and equipment			25% RB

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					-		-


3	Intangible fixed assets							£
	Entitlement

	Cost
	At 1 April 2024							1,800
	At 31 March 2025							1,800

	Amortisation
	At 31 March 2025							-

	Net book value
	At 31 March 2025							1,800
	At 31 March 2024							1,800



4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles and tractors		Total
£			£		£		£
	Cost
	At 1 April 2024	271,193		45,847		14,750		331,790
	Additions	-		5,291		-		5,291
	Disposals	-		(5,250)		-		(5,250)
	At 31 March 2025	271,193		45,888		14,750		331,831

	Depreciation
	At 1 April 2024	-		33,760		13,771		47,531
	Charge for the year	-		3,360		245		3,605
	On disposals	-		(1,313)		-		(1,313)
	At 31 March 2025	-		35,807		14,016		49,823

	Net book value
	At 31 March 2025	271,193		10,081		734		282,008
	At 31 March 2024	271,193		12,087		979		284,259


5	Debtors					2025		2024
£							£

	Other debtors					860		945


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

	Taxation and social security costs					3,426		5,403
	Other creditors					123,261		131,880
						126,687		137,283


7	Other information

	Ian Ford Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Moorfoot
	Glaisdale
	Whitby
	YO21 2PU
	Moorfoot Glaisdale