1 April 2021 false No description of principal activity Taxfiler 2023.9.1 07547746business:PrivateLimitedCompanyLtd2021-04-012022-06-30 075477462021-03-31 075477462021-04-012022-06-30 07547746business:AuditExemptWithAccountantsReport2021-04-012022-06-30 07547746business:FilletedAccounts2021-04-012022-06-30 075477462022-06-30 075477462021-03-31 07547746core:WithinOneYear2022-06-30 07547746core:WithinOneYear2021-03-31 07547746core:ShareCapitalcore:PreviouslyStatedAmount2022-06-30 07547746core:ShareCapitalcore:PreviouslyStatedAmount2021-03-31 07547746core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-06-30 07547746core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-03-31 07547746core:PreviouslyStatedAmount2022-06-30 07547746core:PreviouslyStatedAmount2021-03-31 07547746business:SmallEntities2021-04-012022-06-30 07547746business:Director12021-04-012022-06-30 07547746countries:EnglandWales2021-04-012022-06-30 07547746business:RegisteredOffice2021-04-012022-06-30 07547746core:PlantMachinery2021-04-012022-06-30 07547746core:MotorVehicles2021-04-012022-06-30 07547746core:FurnitureFittings2021-04-012022-06-30 07547746core:PlantMachinery2021-03-31 07547746core:MotorVehicles2021-03-31 07547746core:FurnitureFittings2021-03-31 07547746core:PlantMachinery2022-06-30 07547746core:MotorVehicles2022-06-30 07547746core:FurnitureFittings2022-06-30 07547746business:Director112021-04-012022-06-30 07547746business:Director112021-03-31 07547746business:Director112022-06-30 075477462020-04-012021-03-31 iso4217:GBP xbrli:pure
Company Registration No. 07547746 (England and Wales)
IX PCB Limited Unaudited accounts for the period from 1 April 2021 to 30 June 2022
IX PCB Limited Statement of financial position as at 30 June 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,766 
2,355 
Current assets
Inventories
2,000 
2,000 
Debtors
91,069 
61,064 
Cash at bank and in hand
61,863 
33,108 
154,932 
96,172 
Creditors: amounts falling due within one year
(125,637)
(85,167)
Net current assets
29,295 
11,005 
Net assets
31,061 
13,360 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
30,961 
13,260 
Shareholders' funds
31,061 
13,360 
For the period ending 30 June 2022 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 12 October 2023 and were signed on its behalf by
Timothy Pepper Director Company Registration No. 07547746
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IX PCB Limited Notes to the Accounts for the period from 1 April 2021 to 30 June 2022
1
Statutory information
IX PCB Limited is a private company, limited by shares, registered in England and Wales, registration number 07547746. The registered office is Ash House, 8 Second Cross Road, Twickenham , TW2 5RF.
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 period, 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.
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:
Plant & machinery
25%
Motor vehicles
25%
Fixtures & fittings
25%
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
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 assets and liabilities are not discounted.
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IX PCB Limited Notes to the Accounts for the period from 1 April 2021 to 30 June 2022
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2021
9,722 
3,950 
456 
14,128 
At 30 June 2022
9,722 
3,950 
456 
14,128 
Depreciation
At 1 April 2021
8,330 
3,013 
430 
11,773 
Charge for the period
348 
234 
7 
589 
At 30 June 2022
8,678 
3,247 
437 
12,362 
Net book value
At 30 June 2022
1,044 
703 
19 
1,766 
At 31 March 2021
1,392 
937 
26 
2,355 
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
44,697 
14,692 
Other debtors
46,372 
46,372 
91,069 
61,064 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Trade creditors
17,974 
9,765 
Taxes and social security
92,652 
60,476 
Other creditors
15,011 
14,926 
125,637 
85,167 
7
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Timothy Pepper
Loan bearing interest at 2.5%, repayable on demand
33,102 
- 
- 
33,102 
33,102 
- 
- 
33,102 
8
Average number of employees
During the period the average number of employees was 1 (2021: 1).
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