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REGISTERED NUMBER: 08698904 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 28 February 2025

for

IXL TRADING LTD

IXL TRADING LTD (Registered number: 08698904)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IXL TRADING LTD

Company Information
for the Year Ended 28 February 2025







DIRECTOR: H Mouden





REGISTERED OFFICE: 16 Beaufort Court
Admirals Way
Docklands
London
E14 9XL





REGISTERED NUMBER: 08698904 (England and Wales)





ACCOUNTANTS: RBS Accountants Limited
16 Beaufort Court
Admirals Way
London
Docklands
London
E14 9XL

IXL TRADING LTD (Registered number: 08698904)

Balance Sheet
28 February 2025

28.2.25 29.2.24
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 16,678 9,579

CURRENT ASSETS
Debtors 5 113,416 77,016
Cash at bank 561,075 553,125
674,491 630,141
CREDITORS
Amounts falling due within one year 6 491,047 198,987
NET CURRENT ASSETS 183,444 431,154
TOTAL ASSETS LESS CURRENT
LIABILITIES

200,122

440,733

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 200,121 440,732
SHAREHOLDERS' FUNDS 200,122 440,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 July 2025 and were signed by:



H Mouden - Director


IXL TRADING LTD (Registered number: 08698904)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

IXL TRADING LTD 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 represents net commissions, excluding value added tax and is recognized once the service has been performed.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 3 ) .

IXL TRADING LTD (Registered number: 08698904)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2024 30,897
Additions 14,454
At 28 February 2025 45,351
DEPRECIATION
At 1 March 2024 21,318
Charge for year 7,355
At 28 February 2025 28,673
NET BOOK VALUE
At 28 February 2025 16,678
At 29 February 2024 9,579

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade debtors 37,924 -
Other debtors 20,119 14,666
Accrued income 55,373 62,350
113,416 77,016

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.25 29.2.24
£    £   
Trade creditors 1 1
Amounts owed to group undertakings 250,540 -
Tax 63,064 100,167
Social security and other taxes 752 213
VAT 51,264 65,958
Other creditors 2,648 -
Provision for returns 120,000 -
Directors' current accounts - 31,028
Accrued expenses 2,778 1,620
491,047 198,987

7. RELATED PARTY DISCLOSURES

RLA Holding Ltd is 100% shareholder of the company. Mr H Mouden is the sole director and 100% shareholder of RLA Holding Ltd.