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
Tangible assets
1,766
2,355
Cash at bank and in hand
61,863
33,108
Creditors: amounts falling due within one year
(125,637)
(85,167)
Net current assets
29,295
11,005
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
IX PCB Limited
Notes to the Accounts
for the period from 1 April 2021 to 30 June 2022
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.
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.
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.
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:
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 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 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 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.
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
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
At 30 June 2022
1,044
703
19
1,766
At 31 March 2021
1,392
937
26
2,355
Amounts falling due within one year
Trade debtors
44,697
14,692
Other debtors
46,372
46,372
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
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Loan bearing interest at 2.5%, repayable on demand
33,102
-
-
33,102
8
Average number of employees
During the period the average number of employees was 1 (2021: 1).