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
IX ELECTRONIC EXCHANGE LIMITED
Company Information
for the year ended 31 March 2023
Company Number
8778452 (England and Wales)
Registered Office
513 LONDON ROAD
SUTTON
SM3 8JR
IX ELECTRONIC EXCHANGE LIMITED
Statement of financial position
as at 31 March 2023
Cash at bank and in hand
2,578
13,878
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
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
IX ELECTRONIC EXCHANGE LIMITED
Notes to the Accounts
for the year ended 31 March 2023
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.
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.
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
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
At 31 March 2023
12
120
132
At 31 March 2022
16
160
176
5
Investments
Other investments
Valuation at 1 April 2022
-
Valuation at 31 March 2023
50,000
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
Loans from directors
100
1,761
8
Creditors: amounts falling due after more than one year
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).