Company Registration No. 11314620 (England and Wales)
IXL Events Centre Limited
Unaudited accounts
for the year ended 31 December 2023
IXL Events Centre Limited
Unaudited accounts
Contents
IXL Events Centre Limited
Company Information
for the year ended 31 December 2023
Company Number
11314620 (England and Wales)
Registered Office
UNIT E BELGRAVE INDUSTRIAL CENTRE
MACDONALD ROAD
LEICESTER
LEICESTERSHIRE
LE4 5HD
UNITED KINGDOM
IXL Events Centre Limited
Statement of financial position
as at 31 December 2023
Tangible assets
75,060
81,063
Cash at bank and in hand
382,667
126,464
Creditors: amounts falling due within one year
(758,224)
(564,097)
Net current liabilities
(375,557)
(437,633)
Total assets less current liabilities
(300,497)
(356,570)
Creditors: amounts falling due after more than one year
(18,410)
(28,333)
Net liabilities
(318,907)
(384,903)
Called up share capital
1
1
Profit and loss account
(318,908)
(384,904)
Shareholders' funds
(318,907)
(384,903)
For the year ending 31 December 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 11 September 2024 and were signed on its behalf by
A Lakhani
Director
Company Registration No. 11314620
IXL Events Centre Limited
Notes to the Accounts
for the year ended 31 December 2023
IXL Events Centre Limited is a private company, limited by shares, registered in England and Wales, registration number 11314620. The registered office is UNIT E BELGRAVE INDUSTRIAL CENTRE, MACDONALD ROAD, LEICESTER, LEICESTERSHIRE, LE4 5HD, UNITED KINGDOM.
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.
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:
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 January 2023
50,028
75,019
125,047
At 31 December 2023
50,984
75,019
126,003
At 1 January 2023
-
43,984
43,984
Charge for the year
-
6,959
6,959
At 31 December 2023
-
50,943
50,943
At 31 December 2023
50,984
24,076
75,060
At 31 December 2022
50,028
31,035
81,063
IXL Events Centre Limited
Notes to the Accounts
for the year ended 31 December 2023
5
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
9,923
10,156
Trade creditors
71,353
151,488
Amounts owed to group undertakings and other participating interests
362,427
297,312
Taxes and social security
24,986
11,296
Loans from directors
93,845
93,845
6
Creditors: amounts falling due after more than one year
2023
2022
7
Average number of employees
During the year the average number of employees was 4 (2022: 3).