Registered number
07872757
IGP ENGINEERING LTD
Filleted Accounts
31 December 2024
IGP ENGINEERING LTD
Registered number: 07872757
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 146 -
Current assets
Debtors 4 14,413 11,534
Cash at bank and in hand 96,860 62,102
111,273 73,636
Creditors: amounts falling due within one year 5 (78,403) (61,409)
Net current assets 32,870 12,227
Net assets 33,016 12,227
Capital and reserves
Called up share capital 100 100
Profit and loss account 32,916 12,127
Shareholders' funds 33,016 12,227
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr Igor Popov
Director
Approved by the board on 22 December 2025
IGP ENGINEERING LTD
Notes to the Accounts
for the year ended 31 December 2024
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:
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
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.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 9,184
Additions 183
At 31 December 2024 9,367
Depreciation
At 1 January 2024 9,184
Charge for the year 37
At 31 December 2024 9,221
Net book value
At 31 December 2024 146
4 Debtors 2024 2023
£ £
Trade debtors 14,413 11,534
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,441 2,849
Corporation tax 22,490 12,038
Other taxes and social security costs 10,007 24,272
Other creditors 43,465 22,250
78,403 61,409
6 Other information
IGP ENGINEERING LTD is a private company limited by shares and incorporated in England. Its registered office is:
37 Barton Way
Borehamwood
Hertfordshire
WD6 1PQ
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