Ian Greaves International Limited 04810976 false 2024-06-01 2025-05-31 2025-05-31 The principal activity of the company is health and environmental consultancy Digita Accounts Production Advanced 6.30.9574.0 true 04810976 2024-06-01 2025-05-31 04810976 2025-05-31 04810976 core:CurrentFinancialInstruments 2025-05-31 04810976 core:CurrentFinancialInstruments core:WithinOneYear 2025-05-31 04810976 core:Goodwill 2025-05-31 04810976 core:FurnitureFittingsToolsEquipment 2025-05-31 04810976 core:OtherPropertyPlantEquipment 2025-05-31 04810976 bus:SmallEntities 2024-06-01 2025-05-31 04810976 bus:AuditExemptWithAccountantsReport 2024-06-01 2025-05-31 04810976 bus:FilletedAccounts 2024-06-01 2025-05-31 04810976 bus:SmallCompaniesRegimeForAccounts 2024-06-01 2025-05-31 04810976 bus:RegisteredOffice 2024-06-01 2025-05-31 04810976 bus:Director1 2024-06-01 2025-05-31 04810976 bus:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 04810976 core:Goodwill 2024-06-01 2025-05-31 04810976 core:FurnitureFittings 2024-06-01 2025-05-31 04810976 core:FurnitureFittingsToolsEquipment 2024-06-01 2025-05-31 04810976 core:OfficeEquipment 2024-06-01 2025-05-31 04810976 core:OtherPropertyPlantEquipment 2024-06-01 2025-05-31 04810976 countries:EnglandWales 2024-06-01 2025-05-31 04810976 2024-05-31 04810976 core:Goodwill 2024-05-31 04810976 core:FurnitureFittingsToolsEquipment 2024-05-31 04810976 core:OtherPropertyPlantEquipment 2024-05-31 04810976 2023-06-01 2024-05-31 04810976 2024-05-31 04810976 core:CurrentFinancialInstruments 2024-05-31 04810976 core:CurrentFinancialInstruments core:WithinOneYear 2024-05-31 04810976 core:FurnitureFittingsToolsEquipment 2024-05-31 04810976 core:OtherPropertyPlantEquipment 2024-05-31 iso4217:GBP xbrli:pure

Registration number: 04810976

Prepared for the registrar
Ian Greaves International Limited
Annual Report and Unaudited Financial Statements
for the Year Ended 31 May 2025

Ian Greaves International Limited

(Registration number: 04810976)
Balance Sheet as at 31 May 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Tangible assets | 5 | 3,092 | 2,744
Current assets |  |  |
Debtors | 6 | 79,388 | 71,354
Creditors: Amounts falling due within one year | 7 | (82,349) | (54,301)
Net current (liabilities)/assets |  | (2,961) | 17,053
Net assets |  | 131 | 19,797
Capital and reserves |  |  |
Called up share capital |  | 100 | 100
Retained earnings |  | 31 | 19,697
Shareholders' funds |  | 131 | 19,797

For the financial year ending 31 May 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; and
• | The director acknowledges his responsibilities for complying with the requirements of the Act 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 9 January 2026

........................... I R Greaves Director |  |

Ian Greaves International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

| 1 | General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Windsor House
Bayshill Road
Cheltenham
Gloucestershire
GL50 3AT

| 2 | Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Judgements and key sources of estimation uncertainty

No significant judgements or key sources of estimation uncertainty have been made by management in preparing these financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

Tax

The tax expense for the period comprises current tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class | Depreciation method and rate
Fixtures, fittings and equipment | 20% reducing balance
Web based audit system | 20% straight line

Ian Greaves International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Intangible assets

Goodwill arising on the acquisition of an entity represents the excess of the cost of acquisition over the company’s interest in the net fair value of the identifiable assets, liabilities and contingent liabilities of the entity recognised at the date of acquisition. Goodwill is initially recognised as an asset at cost and is subsequently measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is held in the currency of the acquired entity and revalued to the closing rate at each reporting period date.

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class | Amortisation method and rate
Goodwill | written off over 20 years

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. All trade debtors are repayable within one year and hence are included at the undiscounted cost of cash expected to be received. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the debtors.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and all are repayable within one year and hence are included at the undiscounted amount of cash expected to be paid.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments

Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.
Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

Ian Greaves International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

| 3 | Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 2).

| 4 | Intangible assets

| Goodwill £
Cost
At 1 June 2024 | 71,000
At 31 May 2025 | 71,000
Amortisation
At 1 June 2024 | 71,000
At 31 May 2025 | 71,000
Carrying amount
At 31 May 2025 | -

| 5 | Tangible assets

| Fixtures and fittings £ | Other tangibles £ | Total £
Cost
At 1 June 2024 | 20,336 | 15,255 | 35,591
Additions | 1,067 | - | 1,067
At 31 May 2025 | 21,403 | 15,255 | 36,658
Depreciation
At 1 June 2024 | 17,592 | 15,255 | 32,847
Charge for the year | 719 | - | 719
At 31 May 2025 | 18,311 | 15,255 | 33,566
Carrying amount
At 31 May 2025 | 3,092 | - | 3,092
At 31 May 2024 | 2,744 | - | 2,744

Ian Greaves International Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

| 6 | Debtors

| Note | 2025 £ | 2024 £
Trade debtors |  | 18,188 | 33,373
Director's loan | 9 | 58,167 | 36,450
Prepayments |  | 3,033 | 1,531
|  | 79,388 | 71,354

| 7 | Creditors

| Note | 2025 £ | 2024 £
Due within one year |  |  |
Loans and borrowings | 8 | 17,767 | 13,416
Trade creditors |  | 6,610 | 210
Taxation and social security |  | 54,732 | 38,091
Accrued expenses |  | 3,240 | 2,584
|  | 82,349 | 54,301

| 8 | Loans and borrowings

Current loans and borrowings

| 2025 £ | 2024 £
Bank overdrafts - secured | 17,767 | 13,416

| 9 | Related party transactions

At the year end, the directors owed the company £58,167 (2024 - the directors owed the company £36,450) in the form of a directors' loan account. The loan has no fixed repayment terms, is repayable on demand and no interest was charged in the year.