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
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
ifab Devon Ltd
Statement of financial position
as at 31 October 2025
Tangible assets
10,952
12,436
Cash at bank and in hand
3,421
3,867
Creditors: amounts falling due within one year
(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)
Called up share capital
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
ifab Devon Ltd
Notes to the Accounts
for the year ended 31 October 2025
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
Amounts falling due within one year
Accrued income and prepayments
2,030
1,949
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
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).