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REGISTERED NUMBER: 04991822 (England and Wales)












ILEX ENVIROSCIENCES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






ILEX ENVIROSCIENCES LIMITED (REGISTERED NUMBER: 04991822)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ILEX ENVIROSCIENCES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M I Smedley
B Aconley
J Allen





SECRETARY: M I Smedley





REGISTERED OFFICE: Units 9 & 10
Willingham Hall
Market Rasen
Lincolnshire
LN8 3RH





REGISTERED NUMBER: 04991822 (England and Wales)





ACCOUNTANTS: Dexter & Sharpe (Louth)
Chartered Certified Accountants
1 Eastgate
Louth
Lincolnshire
LN11 9NB

ILEX ENVIROSCIENCES LIMITED (REGISTERED NUMBER: 04991822)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 57,157 12,554

CURRENT ASSETS
Stocks 149,287 227,027
Debtors 4 199,231 113,839
Cash at bank and in hand 254,923 167,193
603,441 508,059
CREDITORS
Amounts falling due within one year 5 222,874 172,902
NET CURRENT ASSETS 380,567 335,157
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,724

347,711

PROVISIONS FOR LIABILITIES 7,953 2,992
NET ASSETS 429,771 344,719

CAPITAL AND RESERVES
Called up share capital 11,812 11,812
Share premium 36,468 36,468
Capital redemption reserve 6,870 6,870
Retained earnings 374,621 289,569
429,771 344,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ILEX ENVIROSCIENCES LIMITED (REGISTERED NUMBER: 04991822)

BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 September 2024 and were signed on its behalf by:





M I Smedley - Director


ILEX ENVIROSCIENCES LIMITED (REGISTERED NUMBER: 04991822)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

It is recognised when goods are delivered to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are valued at discounted retail price after allowing for obsolete items and discounts.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2022 - 12 ) .

ILEX ENVIROSCIENCES LIMITED (REGISTERED NUMBER: 04991822)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


3. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 January 2023 10,423 3,260 5,935 15,060 34,678
Additions 809 - 51,949 1,219 53,977
Disposals (1,770 ) - (5,935 ) (10,403 ) (18,108 )
At 31 December 2023 9,462 3,260 51,949 5,876 70,547
DEPRECIATION
At 1 January 2023 4,012 1,752 3,893 12,467 22,124
Charge for year 1,687 489 3,634 788 6,598
Eliminated on disposal (1,219 ) - (4,281 ) (9,832 ) (15,332 )
At 31 December 2023 4,480 2,241 3,246 3,423 13,390
NET BOOK VALUE
At 31 December 2023 4,982 1,019 48,703 2,453 57,157
At 31 December 2022 6,411 1,508 2,042 2,593 12,554

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 129,734 100,594
Other debtors 69,497 13,245
199,231 113,839

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 173,556 141,567
Taxation and social security 45,618 31,335
Other creditors 3,700 -
222,874 172,902