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Company Registration No. 10145506 (England and Wales)
IBZ RESOURCES LTD Unaudited accounts for the year ended 30 April 2025
IBZ RESOURCES LTD Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IBZ RESOURCES LTD Company Information for the year ended 30 April 2025
Director
Ibrahim oladapo Mogaji
Company Number
10145506 (England and Wales)
Registered Office
130 GAVESTONE ROAD LONDON SE12 9BL ENGLAND
Accountants
Faxon Consulting Ltd 85 Great Portland Street London W1W 7LT
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IBZ RESOURCES LTD Statement of financial position as at 30 April 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
8,679
9,347
Current assets
Debtors
5
6,335
6,251
Cash at bank and in hand
2,272
2,251
8,607
8,502
Creditors: amounts falling due within one year
6
(9,193)
(10,872)
Net current liabilities
(586)
(2,370)
Total assets less current liabilities
8,093
6,977
Creditors: amounts falling due after more than one year
7
(2,119)
(3,294)
Net assets
5,974
3,683
Capital and reserves
Called up share capital
100
100
Profit and loss account
5,874
3,583
Shareholders' funds
5,974
3,683
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 1 December 2025 and were signed on its behalf by
Ibrahim oladapo Mogaji Director Company Registration No. 10145506
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IBZ RESOURCES LTD Notes to the Accounts for the year ended 30 April 2025
1
Statutory information
IBZ RESOURCES LTD is a private company, limited by shares, registered in England and Wales, registration number 10145506. The registered office is 130 GAVESTONE ROAD, LONDON, SE12 9BL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 May 2024
13,480
339
13,819
At 30 April 2025
13,480
339
13,819
Depreciation
At 1 May 2024
4,200
272
4,472
Charge for the year
-
668
668
At 30 April 2025
4,200
940
5,140
Net book value
At 30 April 2025
9,280
(601)
8,679
At 30 April 2024
9,280
67
9,347
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
428
-
Trade debtors
-
6,251
Other debtors
5,907
-
6,335
6,251
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IBZ RESOURCES LTD Notes to the Accounts for the year ended 30 April 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
694
889
Other creditors
8,499
9,983
9,193
10,872
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
2,119
3,294
8
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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