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Company Registration No. 12324074 (England and Wales)
Iain Ltd Unaudited accounts for the year ended 30 November 2025
Iain Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Iain Ltd Company Information for the year ended 30 November 2025
Director
Iain Robert Thackrah
Company Number
12324074 (England and Wales)
Registered Office
41 Foxglove Drive Kirkburton Huddersfield HD8 0ZH United Kingdom
Accountants
Sleek Accounting Ltd 4th Floor 205 Regent Street London W1B 4HB
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Iain Ltd Statement of financial position as at 30 November 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
1,717
2,219
Current assets
Inventories
-
2,964
Cash at bank and in hand
10,321
9,597
10,321
12,561
Creditors: amounts falling due within one year
5
(4,756)
(13,458)
Net current assets/(liabilities)
5,565
(897)
Total assets less current liabilities
7,282
1,322
Creditors: amounts falling due after more than one year
6
(3,929)
(27)
Net assets
3,353
1,295
Capital and reserves
Called up share capital
7
1,000
1,000
Profit and loss account
2,353
295
Shareholders' funds
3,353
1,295
For the year ending 30 November 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 17 August 2026 and were signed on its behalf by
Iain Robert Thackrah Director Company Registration No. 12324074
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Iain Ltd Notes to the Accounts for the year ended 30 November 2025
1
Statutory information
Iain Ltd is a private company, limited by shares, registered in England and Wales, registration number 12324074. The registered office is 41 Foxglove Drive, Kirkburton, Huddersfield, HD8 0ZH, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
33.33%
Computer equipment
33.33%
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 December 2024
707
6,140
6,847
Additions
334
785
1,119
At 30 November 2025
1,041
6,925
7,966
Depreciation
At 1 December 2024
310
4,318
4,628
Charge for the year
33
1,588
1,621
At 30 November 2025
343
5,906
6,249
Net book value
At 30 November 2025
698
1,019
1,717
At 30 November 2024
397
1,822
2,219
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Iain Ltd Notes to the Accounts for the year ended 30 November 2025
5
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
27
526
Taxes and social security
3,379
2,256
Other creditors
378
(61)
Loans from directors
312
9,420
Accruals
660
1,317
4,756
13,458
6
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
-
27
Loans from directors
3,929
-
3,929
27
7
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
100 Ordinary shares of £10 each
1,000
1,000
8
Loans to directors
The company owes the director, "Iain" £4,241 at the end of the year, as compared to the last year ended November 2024 balance of £9,420.
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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