IRIS Accounts Production v24.3.2.46 03543979 director 1.7.23 30.6.24 30.6.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh035439792023-06-30035439792024-06-30035439792023-07-012024-06-30035439792022-06-30035439792022-07-012023-06-30035439792023-06-3003543979ns15:EnglandWales2023-07-012024-06-3003543979ns14:PoundSterling2023-07-012024-06-3003543979ns10:Director12023-07-012024-06-3003543979ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3003543979ns10:SmallEntities2023-07-012024-06-3003543979ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3003543979ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3003543979ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3003543979ns10:FullAccounts2023-07-012024-06-3003543979ns10:RegisteredOffice2023-07-012024-06-3003543979ns5:CurrentFinancialInstruments2024-06-3003543979ns5:CurrentFinancialInstruments2023-06-3003543979ns5:Non-currentFinancialInstruments2024-06-3003543979ns5:Non-currentFinancialInstruments2023-06-3003543979ns5:ShareCapital2024-06-3003543979ns5:ShareCapital2023-06-3003543979ns5:RetainedEarningsAccumulatedLosses2024-06-3003543979ns5:RetainedEarningsAccumulatedLosses2023-06-3003543979ns5:LandBuildingsns5:ShortLeaseholdAssets2023-07-012024-06-3003543979ns5:PlantMachinery2023-07-012024-06-3003543979ns5:FurnitureFittings2023-07-012024-06-3003543979ns5:MotorVehicles2023-07-012024-06-3003543979ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3003543979ns5:PlantMachinery2023-06-3003543979ns5:FurnitureFittings2023-06-3003543979ns5:MotorVehicles2023-06-3003543979ns5:LandBuildingsns5:ShortLeaseholdAssets2024-06-3003543979ns5:PlantMachinery2024-06-3003543979ns5:FurnitureFittings2024-06-3003543979ns5:MotorVehicles2024-06-3003543979ns5:LandBuildingsns5:ShortLeaseholdAssets2023-06-3003543979ns5:PlantMachinery2023-06-3003543979ns5:FurnitureFittings2023-06-3003543979ns5:MotorVehicles2023-06-3003543979ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3003543979ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3003543979ns5:CurrentFinancialInstruments2023-07-012024-06-3003543979ns5:Non-currentFinancialInstruments2023-07-012024-06-30
REGISTERED NUMBER: 03543979 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024

FOR

IDX LIMITED

IDX LIMITED (REGISTERED NUMBER: 03543979)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDX LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: P T Hadley





REGISTERED OFFICE: 7 Lion Industrial Park
Northgate Way
Walsall
West Midlands
WS9 8RL





REGISTERED NUMBER: 03543979 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
Black Country House
Rounds Green Road
Oldbury
West Midlands
B69 2DG

IDX LIMITED (REGISTERED NUMBER: 03543979)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 90,566 83,479

CURRENT ASSETS
Stocks 10,735 18,252
Debtors 5 39,667 58,474
Cash at bank 6,556 11,272
56,958 87,998
CREDITORS
Amounts falling due within one year 6 55,253 77,187
NET CURRENT ASSETS 1,705 10,811
TOTAL ASSETS LESS CURRENT
LIABILITIES

92,271

94,290

CREDITORS
Amounts falling due after more than
one year

7

(29,168

)

(34,723

)

PROVISIONS FOR LIABILITIES (21,186 ) (20,870 )
NET ASSETS 41,917 38,697

CAPITAL AND RESERVES
Called up share capital 500 500
Retained earnings 41,417 38,197
41,917 38,697

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IDX LIMITED (REGISTERED NUMBER: 03543979)

BALANCE SHEET - continued
30 JUNE 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 March 2025 and were signed by:





P T Hadley - Director


IDX LIMITED (REGISTERED NUMBER: 03543979)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

IDX 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.

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.
Short leasehold - 25% on reducing balance
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 20% 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 4 (2023 - 6 ) .

IDX LIMITED (REGISTERED NUMBER: 03543979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and Motor
leasehold machinery fittings vehicles Totals
£    £    £    £    £   
COST
At 1 July 2023 17,472 104,556 27,556 8,075 157,659
Additions - 2,321 5,336 10,862 18,519
At 30 June 2024 17,472 106,877 32,892 18,937 176,178
DEPRECIATION
At 1 July 2023 9,611 41,163 16,989 6,417 74,180
Charge for year 1,964 6,566 2,027 875 11,432
At 30 June 2024 11,575 47,729 19,016 7,292 85,612
NET BOOK VALUE
At 30 June 2024 5,897 59,148 13,876 11,645 90,566
At 30 June 2023 7,861 63,393 10,567 1,658 83,479

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 38,174 56,746
Other debtors 1,493 1,728
39,667 58,474

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,554 15,328
Trade creditors 24,843 34,880
Taxation and social security 21,139 24,224
Other creditors 3,717 2,755
55,253 77,187

Amounts included in bank loans relate to loans taken out under the Bounce Back Loan Scheme (BBL). Regular monthly repayments are being made and interest is charged at 2.5% over the bank of England Base Rate.

IDX LIMITED (REGISTERED NUMBER: 03543979)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans 29,168 34,723

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,945 12,500

Amounts included in bank loans relate to loans taken out under the Bounce Back Loan Scheme (BBL). Regular monthly repayments are being made and interest is charged at 2.5% over the bank of England Base Rate.