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Registration number: 7080756

IEC Leeds Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

IEC Leeds Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

IEC Leeds Ltd

Company Information

Directors

Mr Peter Kaye

Mr John Reddington

Registered office

16 Woodlands
Carleton
Pontefract
West Yorkshire
WF8 2RN

Accountants

Fullertons Limited
Chartered Certified AccountantsManchester House
50A Oxford Road
Guiseley
Leeds
LS20 8AB

 

IEC Leeds Ltd

(Registration number: 7080756)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

3,199

3,763

Current assets

 

Debtors

5

1,332

2,046

Cash at bank and in hand

 

116,200

191,433

 

117,532

193,479

Creditors: Amounts falling due within one year

6

(5,819)

(6,019)

Net current assets

 

111,713

187,460

Net assets

 

114,912

191,223

Capital and reserves

 

Called up share capital

7

300

300

Retained earnings

114,612

190,923

Shareholders' funds

 

114,912

191,223

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 20 March 2025 and signed on its behalf by:
 

.........................................
Mr Peter Kaye
Director

 

IEC Leeds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
16 Woodlands
Carleton
Pontefract
West Yorkshire
WF8 2RN
England

These financial statements were authorised for issue by the Board on 20 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

15% reducing balance

 

IEC Leeds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

IEC Leeds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 January 2024

15,543

15,543

At 31 December 2024

15,543

15,543

Depreciation

At 1 January 2024

11,780

11,780

Charge for the year

564

564

At 31 December 2024

12,344

12,344

Carrying amount

At 31 December 2024

3,199

3,199

At 31 December 2023

3,763

3,763

5

Debtors

Current

2024
£

2023
£

Prepayments

-

370

Other debtors

1,332

1,676

 

1,332

2,046

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

1,950

2,150

Other creditors

3,869

3,869

5,819

6,019

7

Share capital

Allotted, called up and fully paid shares

 

IEC Leeds Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

300

300

300

300