2023-06-01 09159266 2024-05-31 09159266 2023-06-01 2024-05-31 09159266 2023-05-31 09159266 2022-06-01 2023-05-31 09159266 uk-core:WithinOneYear 2023-05-31 09159266 uk-core:WithinOneYear 2024-05-31 09159266 uk-core:ShareCapital 2024-05-31 09159266 uk-core:ShareCapital 2023-05-31 09159266 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 09159266 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 09159266 uk-bus:Director1 2023-06-01 2024-05-31 09159266 uk-core:LeaseholdImprovements 2023-06-01 2024-05-31 09159266 uk-core:PlantMachinery 2023-06-01 2024-05-31 09159266 uk-core:ToolsEquipment 2023-06-01 2024-05-31 09159266 uk-core:CommercialMotorVehicles 2023-06-01 2024-05-31 09159266 uk-core:FurnitureFittings 2023-06-01 2024-05-31 09159266 uk-core:OtherResidualIntangibleAssets 2023-05-31 09159266 uk-core:OtherResidualIntangibleAssets 2023-06-01 2024-05-31 09159266 uk-core:OtherResidualIntangibleAssets 2024-05-31 09159266 uk-core:ToolsEquipment 2023-05-31 09159266 uk-core:FurnitureFittings 2023-05-31 09159266 uk-core:CommercialMotorVehicles 2023-05-31 09159266 uk-core:PlantMachinery 2023-05-31 09159266 uk-core:LeaseholdImprovements 2023-05-31 09159266 uk-core:LeaseholdImprovements 2024-05-31 09159266 uk-core:CommercialMotorVehicles 2024-05-31 09159266 uk-core:FurnitureFittings 2024-05-31 09159266 uk-core:ToolsEquipment 2024-05-31 09159266 uk-core:PlantMachinery 2024-05-31 09159266 uk-core:WithinOneYear 2024-05-31 09159266 uk-core:WithinOneYear 2023-05-31 09159266 2 uk-bus:Director1 2023-06-01 2024-05-31 09159266 2 uk-bus:Director1 2024-05-31 09159266 2 uk-bus:Director1 2023-05-31 09159266 3 uk-bus:Director2 2023-06-01 2024-05-31 09159266 3 uk-bus:Director2 2024-05-31 09159266 3 uk-bus:Director2 2023-05-31 iso4217:GBP xbrli:pure 09159266 uk-bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 09159266 uk-bus:FRS102 2023-06-01 2024-05-31 09159266 uk-bus:FilletedAccounts 2023-06-01 2024-05-31 09159266 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31
Ixsia Construction Ltd
Registered Number:09159266
For the year ended 31 May 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2024
Ixsia Construction Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
3
Registered Number :
09159266
As at 31 May 2024
Ixsia Construction Ltd
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Intangible assets
4,317
3,942
2
Property, plant and equipment
53,127
31,945
3
57,444
35,887
Current assets
Inventories
2,000
2,000
4
Trade and other receivables
731,583
655,513
5
47,335
Cash and cash equivalents
35
657,548
780,918
Trade and other payables: amounts falling due within one year
(340,734)
(240,797)
6
440,184
416,751
Net current assets
Total assets less current liabilities
474,195
476,071
(13,207)
(7,908)
Provisions for liabilities
460,988
Net assets
468,163
Capital and reserves
Called up share capital
10
10
Retained earnings
460,978
468,153
460,988
468,163
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Leon Clift Director
These financial statements were approved and authorised for issue by the Board on 10 February 2025 and were signed by:
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4
Registered Number :
09159266
For the year ended 31 May 2024
Ixsia Construction Ltd
Statement of Financial Position Continued
The notes form part of these financial statements
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5
For the year ended 31 May 2024
Ixsia Construction Ltd
Notes to the Financial Statements
Statutory Information
Ixsia Construction Ltd is a private limited company, limited by shares, domiciled in England and Wales, registration number
09159266.
Registered address:
Brampton House
10 Queen Street
Newcastle under Lyme
Staffordshire
ST5 1ED
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial Reporting
Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
The financial statements have been prepared under the historical costs convention as modified by the revaluation of certain
assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Intangible assets
Intangible assets are shown at cost less amortisation. Intangible assets are amortised over their useful economic life, restricted to a maximum of ten years.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Land and buildings
4% Reducing balance
Plant and machinery
25% Reducing balance
33% Reducing balance
Computer equipment
20% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme for the benefit of its directors/and employees. Contributions payable are charged to the profit and loss account in the period in which they are payable.
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6
For the year ended 31 May 2024
Ixsia Construction Ltd
Notes to the Financial Statements Continued
2. Intangible fixed assets
Other Intangible
Assets
Cost or valuation
£
At 01 June 2023
5,250
Additions
1,000
At 31 May 2024
6,250
Amortisation
At 01 June 2023
1,308
625
Charge for year
At 31 May 2024
1,933
Net book value
At 31 May 2024
4,317
At 31 May 2023
3,942
3. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
Motor vehicles
Plant and
machinery
Land and
buildings
£
£
£
£
£
£
Cost or valuation
At 01 June 2023
67,815
12,039
10,659
12,160
32,606
351
42,813
1,120
220
40,685
788
-
Additions
(3,143)
-
(12,160)
(1,869)
-
Disposals
(17,172)
At 31 May 2024
351
40,685
10,879
10,016
93,456
31,525
Provision for depreciation and impairment
At 01 June 2023
35,870
8,157
7,147
7,119
13,407
40
Charge for year
15,355
1,366
935
8,137
4,905
12
(10,896)
(2,280)
-
(7,119)
(1,497)
-
On disposal
At 31 May 2024
40,329
7,243
8,082
8,137
16,815
52
At 31 May 2024
Net book value
299
14,710
32,548
2,797
2,773
53,127
311
19,199
5,041
3,512
3,882
31,945
At 31 May 2023
4. Inventories
2023
2024
£
£
Stocks
2,000
2,000
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7
For the year ended 31 May 2024
Ixsia Construction Ltd
Notes to the Financial Statements Continued
5. Trade and other receivables
2023
2024
£
£
Trade debtors
11,077
179,668
Other debtors
644,436
551,915
731,583
655,513
6. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
106
179,009
Trade creditors
7,476
38,071
Taxation and social security
144,672
112,853
Other creditors
88,543
10,801
240,797
340,734
7. Related party transactions
8. Directors advances and guarantees
At 01/06/2023
Loaned
At 31/05/2024
£
£
£
Mr Leon Clift
DLA
35,379
(871)
36,250
35,379
(871)
36,250
Mr Taio Kerr
Directors' loan account
-
5,000
-
-
5,000
-
9. Average number of persons employed
During the year the average number of employees was 3 (2023 : 3)
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