INTEGRATED BUSINESS RESEARCH SYSTEMS LTD Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02458666

INTEGRATED BUSINESS RESEARCH SYSTEMS LTD

Filleted Unaudited Financial Statements

31 December 2024

INTEGRATED BUSINESS RESEARCH SYSTEMS LTD

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4	2,968	3,538
Investments	5	151,139	171,000
		---------	---------
		154,107	174,538

Current assets

Debtors	6	330,654	342,874
Cash at bank and in hand		1,885	1,808
		---------	---------
		332,539	344,682

Creditors: amounts falling due within one year	7	38,461		39,342
		---------		---------
Net current assets			294,078	305,340
			---------	---------
Total assets less current liabilities			448,185	479,878

Creditors: amounts falling due after more than one year	8		15,611	25,256

Provisions

Taxation including deferred tax	19,780	24,745
	---------	---------
Net assets	412,794	429,877
	---------	---------

Capital and reserves

Called up share capital		50,000	50,000
Profit and loss account	9	362,794	379,877
		---------	---------
Shareholders funds		412,794	429,877
		---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31st December 2024 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

INTEGRATED BUSINESS RESEARCH SYSTEMS LTD

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 30 December 2025 , and are signed on behalf of the board by:

S K Lodhi
Director

Company registration number: 02458666

INTEGRATED BUSINESS RESEARCH SYSTEMS LTD

Notes to the Financial Statements

Year ended 31st December 2024

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 18 Gladstone Road, Xi Suite, Croydon, Surrey, CR0 2BQ, England.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

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

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	15% reducing balance
Equipment	-	15% reducing balance

Investments

Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure.

Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

4. Tangible assets

	Fixtures and fittings	Motor vehicles	Equipment	Total
	£	£	£	£
Cost
At 1st January 2024 and 31st December 2024	21,074	5,250	57,058	83,382
	--------	-------	--------	--------
Depreciation
At 1st January 2024	20,285	4,783	54,776	79,844
Charge for the year	158	70	342	570
	--------	-------	--------	--------
At 31st December 2024	20,443	4,853	55,118	80,414
	--------	-------	--------	--------
Carrying amount
At 31st December 2024	631	397	1,940	2,968
	--------	-------	--------	--------
At 31st December 2023	789	467	2,282	3,538
	--------	-------	--------	--------

5. Investments

	Investment property
	£
Cost
At 1st January 2024	171,000
Revaluations	( 19,861)
	---------
At 31st December 2024	151,139
	---------
Impairment
At 1st January 2024 and 31st December 2024	–
	---------

Carrying amount
At 31st December 2024	151,139
	---------
At 31st December 2023	171,000
	---------

6. Debtors

	2024	2023
	£	£
Other debtors	330,654	342,874
	---------	---------

7. Creditors: amounts falling due within one year

	2024	2023
	£	£
Other creditors	38,461	39,342
	--------	--------

8. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	15,611	25,256
	--------	--------

9. Reserves

		2024	2023
		£	£

Ordinary Share capital	50,000	50,000
Fair Value Reserve	117,194	117,194
Realised profit and loss reserve	267,863	253,086
	---------	---------
	435,057	420,280
	---------	---------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2024
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S K Lodhi	–	( 31,616)	( 31,616)
	----	--------	--------

	2023
	Balance brought forward	Advances/ (credits) to the director	Balance outstanding
	£	£	£
S K Lodhi	( 30,089)	( 1,527)	( 31,616)
	--------	-------	--------