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Company Registration No. 8778452 (England and Wales)
IX ELECTRONIC EXCHANGE LIMITED Unaudited accounts for the year ended 31 March 2023
IX ELECTRONIC EXCHANGE LIMITED Unaudited accounts Contents
Page
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IX ELECTRONIC EXCHANGE LIMITED Company Information for the year ended 31 March 2023
Director
W GALARIA
Company Number
8778452 (England and Wales)
Registered Office
513 LONDON ROAD SUTTON SM3 8JR
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IX ELECTRONIC EXCHANGE LIMITED Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
132 
176 
Investments
50,000 
- 
50,132 
176 
Current assets
Investments
9,000 
9,000 
Cash at bank and in hand
2,578 
13,878 
11,578 
22,878 
Creditors: amounts falling due within one year
(57,163)
(11,163)
Net current (liabilities)/assets
(45,585)
11,715 
Total assets less current liabilities
4,547 
11,891 
Creditors: amounts falling due after more than one year
(7,800)
(11,400)
Net (liabilities)/assets
(3,253)
491 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(3,353)
391 
Shareholders' funds
(3,253)
491 
For the year ending 31 March 2023 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 her 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 11 October 2023 and were signed on its behalf by
W GALARIA Director Company Registration No. 8778452
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IX ELECTRONIC EXCHANGE LIMITED Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
IX ELECTRONIC EXCHANGE LIMITED is a private company, limited by shares, registered in England and Wales, registration number 8778452. The registered office is 513 LONDON ROAD, SUTTON, SM3 8JR.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2022
1,200 
1,500 
2,700 
At 31 March 2023
1,200 
1,500 
2,700 
Depreciation
At 1 April 2022
1,184 
1,340 
2,524 
Charge for the year
4 
40 
44 
At 31 March 2023
1,188 
1,380 
2,568 
Net book value
At 31 March 2023
12 
120 
132 
At 31 March 2022
16 
160 
176 
5
Investments
Other investments 
£ 
Valuation at 1 April 2022
- 
Additions
50,000 
Valuation at 31 March 2023
50,000 
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IX ELECTRONIC EXCHANGE LIMITED Notes to the Accounts for the year ended 31 March 2023
6
Investments held as current assets
2023 
2022 
£ 
£ 
Unlisted investments
9,000 
9,000 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
3,600 
3,600 
Trade creditors
1,521 
3,934 
Taxes and social security
1,942 
1,868 
Other creditors
50,000 
- 
Loans from directors
100 
1,761 
57,163 
11,163 
8
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
7,800 
11,400 
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
10
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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