Company Registration No. 10145506 (England and Wales)
IBZ RESOURCES LTD
Unaudited accounts
for the year ended 30 April 2020
IBZ RESOURCES LTD
Unaudited accounts
Contents
IBZ RESOURCES LTD
Company Information
for the year ended 30 April 2020
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
IBZ RESOURCES LTD
Statement of financial position
as at 30 April 2020
Tangible assets
1,539
2,207
Cash at bank and in hand
2,155
139
Net current assets
2,155
139
Total assets less current liabilities
3,694
2,346
Creditors: amounts falling due after more than one year
(2,421)
(1,057)
Called up share capital
100
100
Profit and loss account
1,173
1,189
Shareholders' funds
1,273
1,289
For the year ending 30 April 2020 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 3 August 2020 and were signed on its behalf by
Ibrahim oladapo Mogaji
Director
Company Registration No. 10145506
IBZ RESOURCES LTD
Notes to the Accounts
for the year ended 30 April 2020
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.
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:
Computer equipment
20% Reducing Balance
4
Tangible fixed assets
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 May 2019
3,000
339
3,339
At 30 April 2020
3,000
339
3,339
At 1 May 2019
1,200
(68)
1,132
Charge for the year
600
68
668
At 30 April 2020
1,800
-
1,800
At 30 April 2020
1,200
339
1,539
At 30 April 2019
1,800
407
2,207
5
Creditors: amounts falling due after more than one year
2020
2019
Taxes and social security
622
417
IBZ RESOURCES LTD
Notes to the Accounts
for the year ended 30 April 2020
6
Average number of employees
During the year the average number of employees was 1 (2019: 1).
