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REGISTERED NUMBER: 04536206 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

I.E.C. SERVICES CO. LIMITED

I.E.C. SERVICES CO. LIMITED (REGISTERED NUMBER: 04536206)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


I.E.C. SERVICES CO. LIMITED

COMPANY INFORMATION
for the Year Ended 31 January 2024







DIRECTORS: A A Heaver
Mrs D M Heaver





SECRETARY: Mrs D M Heaver





REGISTERED OFFICE: 2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD





REGISTERED NUMBER: 04536206 (England and Wales)





ACCOUNTANTS: Pesters
2 Park Court
Pyrford Road
West Byfleet
Surrey
KT14 6SD

I.E.C. SERVICES CO. LIMITED (REGISTERED NUMBER: 04536206)

STATEMENT OF FINANCIAL POSITION
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,294 4,197

CURRENT ASSETS
Stocks 785 512
Debtors 5 9,429 10,018
Prepayments and accrued income 4,237 3,618
Cash at bank 74,310 50,532
88,761 64,680
CREDITORS
Amounts falling due within one year 6 74,976 41,640
NET CURRENT ASSETS 13,785 23,040
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,079

27,237

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 16,979 27,137
SHAREHOLDERS' FUNDS 17,079 27,237

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 15 October 2024 and were signed on its behalf by:





A A Heaver - Director


I.E.C. SERVICES CO. LIMITED (REGISTERED NUMBER: 04536206)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 January 2024


1. STATUTORY INFORMATION

I.E.C. Services Co. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. 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.

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 etc - 25% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 37,507
Additions 167
At 31 January 2024 37,674
DEPRECIATION
At 1 February 2023 33,310
Charge for year 1,070
At 31 January 2024 34,380
NET BOOK VALUE
At 31 January 2024 3,294
At 31 January 2023 4,197

I.E.C. SERVICES CO. LIMITED (REGISTERED NUMBER: 04536206)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 4,371 6,220
Other debtors 5,058 3,798
9,429 10,018

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,773 1,260
Taxation and social security 7,369 4,116
Other creditors 65,834 36,264
74,976 41,640

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end, the directors were owed the sum of £65,834 (2023 - £36,264) by the company. This loan is interest free and repayable on demand.