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Company Registration No. 11612012 (England and Wales)
IROX LTD Unaudited accounts for the year ended 31 October 2023
IROX LTD Unaudited accounts Contents
Page
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IROX LTD Company Information for the year ended 31 October 2023
Director
IVAN RUMENOV RASHEV
Company Number
11612012 (England and Wales)
Registered Office
10 Crofton Grove London E4 6NY England
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IROX LTD Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
100 
100 
Fixed assets
Tangible assets
27,445 
28,363 
Current assets
Cash at bank and in hand
849 
3,010 
Creditors: amounts falling due within one year
(58,737)
(11,910)
Net current liabilities
(57,888)
(8,900)
Total assets less current liabilities
(30,343)
19,563 
Creditors: amounts falling due after more than one year
(38,379)
(56,116)
Net liabilities
(68,722)
(36,553)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(68,822)
(36,653)
Shareholders' funds
(68,722)
(36,553)
For the year ending 31 October 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 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 20 June 2024 and were signed on its behalf by
IVAN RUMENOV RASHEV Director Company Registration No. 11612012
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IROX LTD Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
IROX LTD is a private company, limited by shares, registered in England and Wales, registration number 11612012. The registered office is 10 Crofton Grove, London, E4 6NY, England.
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.
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
33% deduction
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 November 2022
48,383 
Additions
12,600 
At 31 October 2023
60,983 
Depreciation
At 1 November 2022
20,020 
Charge for the year
13,518 
At 31 October 2023
33,538 
Net book value
At 31 October 2023
27,445 
At 31 October 2022
28,363 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
42,070 
11,910 
Other creditors
8,757 
- 
Loans from directors
7,910 
- 
58,737 
11,910 
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IROX LTD Notes to the Accounts for the year ended 31 October 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
25,779 
29,781 
Obligations under finance leases and hire purchase contracts
12,600 
12,000 
Other creditors
- 
14,335 
38,379 
56,116 
7
Average number of employees
During the year the average number of employees was 2 (2022: 3).
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