Company Registration No. 04498781 (England and Wales)
IX Associates Limited
Unaudited accounts
for the year ended 31 July 2024
IX Associates Limited
Unaudited accounts
Contents
IX Associates Limited
Company Information
for the year ended 31 July 2024
Company Number
04498781 (England and Wales)
Registered Office
367 Caledonian Road
LONDON
Greater London
N7 9DQ
United Kingdom
Accountants
Allen Robyn & Associates Limited
367 Caledonian Road
London
N7 9DQ
IX Associates Limited
Statement of financial position
as at 31 July 2024
Tangible assets
14,340
10,170
Cash at bank and in hand
(10,862)
(11,309)
Creditors: amounts falling due within one year
(588,951)
(519,861)
Net current liabilities
(591,755)
(529,100)
Net liabilities
(577,415)
(518,930)
Called up share capital
1
1
Profit and loss account
(577,416)
(518,931)
Shareholders' funds
(577,415)
(518,930)
For the year ending 31 July 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 April 2024 and were signed on its behalf by
S Bains
Director
Company Registration No. 04498781
IX Associates Limited
Notes to the Accounts
for the year ended 31 July 2024
IX Associates Limited is a private company, limited by shares, registered in England and Wales, registration number 04498781. The registered office is 367 Caledonian Road, LONDON, Greater London, N7 9DQ, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
8,114
15,142
22,136
45,392
Additions
-
2,523
1,647
4,170
At 31 July 2024
8,114
17,665
23,783
49,562
At 1 August 2023
7,981
12,538
14,703
35,222
At 31 July 2024
7,981
12,538
14,703
35,222
At 31 July 2024
133
5,127
9,080
14,340
At 31 July 2023
133
2,604
7,433
10,170
Amounts falling due within one year
IX Associates Limited
Notes to the Accounts
for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
114,106
121,863
Trade creditors
84,955
73,547
Taxes and social security
477
(155)
Loans from directors
378,726
315,720
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).