1 June 2024 false No description of principal activity Taxfiler 2024.6 08514434 business:PrivateLimitedCompanyLtd 2024-06-01 2025-05-31 08514434 2024-05-31 08514434 2024-06-01 2025-05-31 08514434 business:AuditExempt-NoAccountantsReport 2024-06-01 2025-05-31 08514434 business:AbridgedAccounts 2024-06-01 2025-05-31 08514434 2025-05-31 08514434 2024-05-31 08514434 core:WithinOneYear 2025-05-31 08514434 core:WithinOneYear 2024-05-31 08514434 core:ShareCapital core:PreviouslyStatedAmount 2025-05-31 08514434 core:ShareCapital core:PreviouslyStatedAmount 2024-05-31 08514434 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-05-31 08514434 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-05-31 08514434 core:PreviouslyStatedAmount 2025-05-31 08514434 core:PreviouslyStatedAmount 2024-05-31 08514434 business:SmallEntities 2024-06-01 2025-05-31 08514434 business:Director1 2024-06-01 2025-05-31 08514434 countries:EnglandWales 2024-06-01 2025-05-31 08514434 business:RegisteredOffice 2024-06-01 2025-05-31 08514434 core:MotorVehicles 2024-06-01 2025-05-31 08514434 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Company Registration No. 08514434 (England and Wales)
IG-OL CLADDING SYSTEM LTD Unaudited accounts for the year ended 31 May 2025
IG-OL CLADDING SYSTEM LTD Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
63,911
7,674
Current assets
Debtors
2,292,818
2,745,343
Cash at bank and in hand
53,186
508,684
2,346,004
3,254,027
Creditors: amounts falling due within one year
(221,973)
(1,068,815)
Net current assets
2,124,031
2,185,212
Net assets
2,187,942
2,192,886
Capital and reserves
Called up share capital
100
100
Profit and loss account
2,187,842
2,192,786
Shareholders' funds
2,187,942
2,192,886
For the 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. 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.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
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 25 February 2026 and were signed on its behalf by
Igor Tion Director Company Registration No. 08514434
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IG-OL CLADDING SYSTEM LTD Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
IG-OL CLADDING SYSTEM LTD is a private company, limited by shares, registered in England and Wales, registration number 08514434. The registered office is UNIT 104 THE LIGHT BOX, 111 POWER ROAD, LONDON, W4 5PY, 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:
Motor vehicles
20% Reducing balance
4
Tangible fixed assets
Total
£
Cost or valuation
At 1 June 2024
39,608
Additions
72,215
At 31 May 2025
111,823
Depreciation
At 1 June 2024
31,934
Charge for the year
15,978
At 31 May 2025
47,912
Net book value
At 31 May 2025
63,911
At 31 May 2024
7,674
5
Average number of employees
During the year the average number of employees was 3 (2024: 3).
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