Ibex Accountants Ltd

Ibex Accountants Ltd
Contents Page
For the year ended 31 March 2025

Company information	1
Director's report	2
Statement of financial position	3
Notes to the financial statements	4

Ibex Accountants Ltd
Company Information
For the year ended 31 March 2025

Director	Faisal RAFIQ
Registered Number	14746240
Registered Office	1054 Stratford Road Shirley Solihull West Midlands B90 4EE
Bankers	Virgin Money

1

Ibex Accountants Ltd
Director's Report
For the year ended 31 March 2025

Director's report and financial statements

The director presents his/her/their annual report and the financial statements for the year ended 31 March 2025.

Principal activities

Principal activity of the company during the financial year was of providing accounting and tax consultancy services to both companies and individuals.

Director

The director who served the company throughout the year was as follows:

Faisal RAFIQ

Statement of director's responsibilities

The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.

In preparing these financial statements, the director is required to :

select suitable accounting policies and then apply them consistently
make judgements and accounting estimates that are reasonable and prudent
state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions

On behalf of the board.

----------------------------------
Faisal RAFIQ
Director

Date approved: 25 December 2025

2

Ibex Accountants Ltd
Statement of Financial Position
As at 31 March 2025

	Notes	2025 £	2024 £
Fixed assets
Tangible fixed assets	3	3,210	4,240
		3,210	4,240
Current assets
Debtors	4	4,777	3,739
Cash at bank and in hand		731	2,236
		5,508	5,975
Creditors: amount falling due within one year	5	(9,488)	(10,820)
Net current assets		(3,980)	(4,845)

Total assets less current liabilities		(770)	(605)
Net assets		(770)	(605)

Capital and reserves
Called up share capital	6	100	100
Profit and loss account		(870)	(705)
Shareholders' funds		(770)	(605)

For the year ended 31 March 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 members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

These 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 income statement has not been delivered to the Registrar of Companies.

The financial statements were approved by the director on 25 December 2025 and were signed by:

-------------------------------
Faisal RAFIQ
Director

3

Ibex Accountants Ltd
Notes to the Financial Statements
For the year ended 31 March 2025

General Information

Ibex Accountants Ltd is a private company, limited by shares, registered in England and Wales, registration number 14746240, registration address 1054 Stratford Road, Shirley, Solihull, West Midlands, B90 4EE. The trading address of the company is Unit A 286 Green Lane, Small Heath, Birmingham, West Midlands, B9 5DN.

The presentation currency is £ sterling.

1.

Accounting policies

Significant accounting policies

Statement of compliance

These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.

The financial statements are prepared in sterling which is the functional currency of the company.

Going concern basis

The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.

Turnover

Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.

Website cost

Planning and operating costs for the company's website are charged to the income statement as incurred.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

Plant and Machinery

20% Straight Line

2.	Average number of employees Average number of employees during the year was 4 (2024 : 1).

3.

Tangible fixed assets

Cost or valuation	Plant and Machinery	Total
	£	£
At 01 April 2024	5,150	5,150
Additions	-	-
Disposals	-	-
At 31 March 2025	5,150	5,150
Depreciation
At 01 April 2024	910	910
Charge for year	1,030	1,030
On disposals	-	-
At 31 March 2025	1,940	1,940
Net book values
Closing balance as at 31 March 2025	3,210	3,210
Opening balance as at 01 April 2024	4,240	4,240

4.

Debtors: amounts falling due within one year

	2025 £		2024 £
Trade Debtors	4,777		3,739
	4,777		3,739

5.

Creditors: amount falling due within one year

	2025 £	2024 £
Trade Creditors	26	0
Wages & Salaries Control Account	3,200	1,200
Directors' Current Accounts	6,262	9,620
	9,488	10,820

6.

Share Capital

Allotted, called up and fully paid	2025 £		2024 £
100 Ordinary shares of £1.00 each	100		100
	100		100

4

Registered Number: 14746240
England and Wales
IBEX ACCOUNTANTS LTD

Unaudited Financial Statements

Period of accounts Start date: 01 April 2024 End date: 31 March 2025