Acorah Software Products - Accounts Production 16.0.110 false true false 31 January 2023 31 January 2024 31 January 2024 14628096 Mr Daniel Ashton Mr Daniel Bennett Walsh iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14628096 2023-01-30 14628096 2024-01-31 14628096 2023-01-31 2024-01-31 14628096 frs-core:CurrentFinancialInstruments 2024-01-31 14628096 frs-core:MotorVehicles 2024-01-31 14628096 frs-core:MotorVehicles 2023-01-31 2024-01-31 14628096 frs-core:MotorVehicles 2023-01-30 14628096 frs-core:PlantMachinery 2024-01-31 14628096 frs-core:PlantMachinery 2023-01-31 2024-01-31 14628096 frs-core:PlantMachinery 2023-01-30 14628096 frs-core:WithinOneYear 2024-01-31 14628096 frs-core:ShareCapital 2024-01-31 14628096 frs-core:RetainedEarningsAccumulatedLosses 2024-01-31 14628096 frs-bus:PrivateLimitedCompanyLtd 2023-01-31 2024-01-31 14628096 frs-bus:FilletedAccounts 2023-01-31 2024-01-31 14628096 frs-bus:SmallEntities 2023-01-31 2024-01-31 14628096 frs-bus:AuditExempt-NoAccountantsReport 2023-01-31 2024-01-31 14628096 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-31 2024-01-31 14628096 frs-bus:Director1 2023-01-31 2024-01-31 14628096 frs-bus:Director2 2023-01-31 2024-01-31 14628096 frs-countries:EnglandWales 2023-01-31 2024-01-31
Registered number: 14628096
Ironworx Engineering Ltd
Unaudited Financial Statements
For The Year Ended 31 January 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 14628096
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 40,461
40,461
CURRENT ASSETS
Debtors 5 3,444
Cash at bank and in hand 87,187
90,631
Creditors: Amounts Falling Due Within One Year 6 (119,369 )
NET CURRENT ASSETS (LIABILITIES) (28,738 )
TOTAL ASSETS LESS CURRENT LIABILITIES 11,723
NET ASSETS 11,723
CAPITAL AND RESERVES
Called up share capital 8 10
Profit and Loss Account 11,713
SHAREHOLDERS' FUNDS 11,723
For the year ending 31 January 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Daniel Bennett Walsh
Director
29 August 2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Ironworx Engineering Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14628096 . The registered office is Initial Business Centre, Wilson Business Park, Manchester, M40 8WN.
The company changed its name from A&W Engineering Services Ltd to Ironworx Engineering Ltd on 14 November 2024.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 10% reducing balance basis
Motor Vehicles 25% reducing balance basis
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
Page 2
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4. Tangible Assets
Plant & Machinery Motor Vehicles Total
£ £ £
Cost
As at 31 January 2023 - - -
Additions 27,728 15,750 43,478
As at 31 January 2024 27,728 15,750 43,478
Depreciation
As at 31 January 2023 - - -
Provided during the period 1,704 1,313 3,017
As at 31 January 2024 1,704 1,313 3,017
Net Book Value
As at 31 January 2024 26,024 14,437 40,461
As at 31 January 2023 - - -
5. Debtors
2024
£
Due within one year
Trade debtors 3,444
6. Creditors: Amounts Falling Due Within One Year
2024
£
Net obligations under finance lease and hire purchase contracts 19,718
Trade creditors 4,427
Other creditors 79,978
Taxation and social security 15,246
119,369
7. Obligations Under Finance Leases and Hire Purchase
2024
£
The future minimum finance lease payments are as follows:
Not later than one year 19,718
8. Share Capital
2024
£
Allotted, Called up and fully paid 10
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