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Company Registration No. 12977885 (England and Wales)
ifab Devon Ltd Unaudited accounts for the year ended 31 October 2025
ifab Devon Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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ifab Devon Ltd Company Information for the year ended 31 October 2025
Directors
J Beckhurst R Beckhurst
Company Number
12977885 (England and Wales)
Accountants
JD Accountants (South West) Ltd Suite 2, Riverside Court Castle Street Barnstaple Devon EX31 1DR
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ifab Devon Ltd Statement of financial position as at 31 October 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
10,952
12,436
Current assets
Inventories
850
750
Debtors
5
2,675
2,594
Cash at bank and in hand
3,421
3,867
6,946
7,211
Creditors: amounts falling due within one year
6
(10,236)
(10,668)
Net current liabilities
(3,290)
(3,457)
Total assets less current liabilities
7,662
8,979
Provisions for liabilities
Deferred tax
(3,663)
(3,367)
Net assets
3,999
5,612
Capital and reserves
Called up share capital
7
200
200
Profit and loss account
3,799
5,412
Shareholders' funds
3,999
5,612
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 30 June 2026 and were signed on its behalf by
R Beckhurst Director Company Registration No. 12977885
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ifab Devon Ltd Notes to the Accounts for the year ended 31 October 2025
1
Statutory information
ifab Devon Ltd is a private company, limited by shares, registered in England and Wales, registration number 12977885.
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:
Fixtures & fittings
15% Reducing balance
4
Tangible fixed assets
Fixtures & fittings
£
Cost or valuation
At cost
At 1 November 2024
22,026
Additions
450
At 31 October 2025
22,476
Depreciation
At 1 November 2024
9,590
Charge for the year
1,934
At 31 October 2025
11,524
Net book value
At 31 October 2025
10,952
At 31 October 2024
12,436
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Accrued income and prepayments
2,030
1,949
Other debtors
645
645
2,675
2,594
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ifab Devon Ltd Notes to the Accounts for the year ended 31 October 2025
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
8,632
8,710
Loans from directors
884
624
Accruals
720
1,334
10,236
10,668
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
200 Ordinary shares of £1 each
200
200
8
Average number of employees
During the year the average number of employees was 2 (2024: 2).
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