INTERNATIONAL PROVISIONS LTD - Accounts

INTERNATIONAL PROVISIONS LTD - Accounts

INTERNATIONAL PROVISIONS LTD - Company Information

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Registered Number: 12401955


 

 

 

INTERNATIONAL PROVISIONS LTD


Abridged Accounts
 


Period of accounts

Start date: 01 February 2022

End date: 31 January 2023

INTERNATIONAL PROVISIONS LTD
Contents Page
For the year ended 31 January 2023
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 January 2023 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
Edgware Accountants and Tax Advisors Ltd
31 January 2023



....................................................
Edgware Accountants and Tax Advisors Ltd
Liberty House
30 Whitchurch Lane
Edgware
HA8 6LE
12 October 2023
1
 
 		 Notes
 		 2023
£		   2022
£
Current assets      
Stocks 6,435    5,799 
Cash at bank and in hand 37,210    55,845 
43,645    61,644 
Creditors: amount falling due within one year (15,753)   (34,433)
Net current assets 27,892    27,211 
 
Total assets less current liabilities 27,892    27,211 
Creditors: amount falling due after more than one year (28,326)   (29,063)
Net liabilities (434)   (1,852)
 

Capital and reserves 		     
Called up share capital 100    100 
Profit and loss account (534)   (1,952)
Shareholder's funds (434)   (1,852)
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 12 October 2023 and were signed by:


-------------------------------
Giorgio LUSSO ROVETO
Director
2
General Information
INTERNATIONAL PROVISIONS LTD is a private company, limited by shares, registered in , registration number 12401955, registration address 1000 North Circular Road, London, London, NW7 7JP.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Staff Costs

     

3.

Average number of employees

Average number of employees during the year was 3 (2022 : 2).
3