Company Registration No. 09438347 (England and Wales)
IGS Interiors Limited
Unaudited accounts
for the year ended 31 March 2021
IGS Interiors Limited
Unaudited accounts
Contents
IGS Interiors Limited
Company Information
for the year ended 31 March 2021
Director
Mr James Smithers
Company Number
09438347 (England and Wales)
Registered Office
3 Greystones Road
Bearsted
Maidstone
Kent
ME15 8PD
Accountants
Rustrick Accountants Limited
380A New Hythe lane
Larkfield
Maidstone
Kent
ME20 6RZ
IGS Interiors Limited
Statement of financial position
as at 31 March 2021
Tangible assets
3,176
4,235
Cash at bank and in hand
98,908
97,416
Creditors: amounts falling due within one year
(325,049)
(433,300)
Net current assets
41,921
421
Total assets less current liabilities
45,097
4,656
Creditors: amounts falling due after more than one year
(41,667)
-
Called up share capital
100
100
Profit and loss account
3,330
4,556
Shareholders' funds
3,430
4,656
For the year ending 31 March 2021 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 20 December 2021 and were signed on its behalf by
Mr James Smithers
Director
Company Registration No. 09438347
IGS Interiors Limited
Notes to the Accounts
for the year ended 31 March 2021
IGS Interiors Limited is a private company, limited by shares, registered in England and Wales, registration number 09438347. The registered office is 3 Greystones Road, Bearsted, Maidstone, Kent, ME15 8PD.
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.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.
Deferred tax assets and liabilities are not discounted.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Computer equipment
25% reducing balance
IGS Interiors Limited
Notes to the Accounts
for the year ended 31 March 2021
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 April 2020
3,263
7,231
10,494
At 31 March 2021
3,263
7,231
10,494
At 1 April 2020
1,390
4,869
6,259
Charge for the year
468
591
1,059
At 31 March 2021
1,858
5,460
7,318
At 31 March 2021
1,405
1,771
3,176
At 31 March 2020
1,873
2,362
4,235
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
124,794
280,993
Accrued income and prepayments
9,639
4,182
Other debtors
133,629
51,130
6
Creditors: amounts falling due within one year
2021
2020
Bank loans and overdrafts
8,333
-
Trade creditors
169,981
310,090
Taxes and social security
130,053
104,581
Other creditors
16,682
18,629
7
Creditors: amounts falling due after more than one year
2021
2020
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
IGS Interiors Limited
Notes to the Accounts
for the year ended 31 March 2021
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan
50,000
74,287
-
124,287
James Smithers is the ultimate controller by virtue of his 100% shareholding
11
Average number of employees
During the year the average number of employees was 12 (2020: 12).
