Ibex Foods Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 01785645

		2024		2023
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		47,149		47,149

			47,149		47,149
CURRENT ASSETS
Debtors	5	3,547		3,620
Cash at bank and in hand		1,904		242

		5,451		3,862
Creditors: Amounts Falling Due Within One Year	6	(246,637 )		(233,260 )

NET CURRENT ASSETS (LIABILITIES)			(241,186 )		(229,398 )

TOTAL ASSETS LESS CURRENT LIABILITIES			(194,037 )		(182,249 )

NET LIABILITIES			(194,037 )		(182,249 )

CAPITAL AND RESERVES
Called up share capital	7		25,000		25,000
Profit and Loss Account			(219,037 )		(207,249 )

SHAREHOLDERS' FUNDS			(194,037)		(182,249)

Page 1

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Ibex Foods Limited

Balance Sheet (continued)

As At 31 December 2024

For the 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.

The member has 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

A T Worthington

Director

26 September 2025

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Ibex Foods Limited is a private company, limited by shares, incorporated in England & Wales, registered number 01785645 . The registered office is Avaland House, 110 London Road Apsley, Hemel Hempstead, Hertfordshire, HP3 9SD.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

At 31 December 2024 the company had net liabilities of £194,037 (2023: £182,249).

The company relies on the continuing financial support of the director by way of a loan account balance of £240,434 (2023: £225,452).The director has indicated that he will not demand repayment until such time as working capital permits.

Accordingly the financial statements have been prepared on a going concern basis. This assumes that the company will continue in operational existence for the foreseeable future. If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of assets to their recoverable amounts, and to provide for further liabilities that might arise and to reclassify fixed assets as current assets.

2.2. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	25% on reducing balance
Computer Equipment	25% on cost

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2023: NIL)

4. Tangible Assets

	Motor Vehicles	Computer Equipment	Total
	£	£	£
Cost
As at 1 January 2024	40,000	7,965	47,965

As at 31 December 2024	40,000	7,965	47,965

...CONTINUED

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Ibex Foods Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 December 2024

Depreciation
As at 1 January 2024	-	816	816

As at 31 December 2024	-	816	816

Net Book Value
As at 31 December 2024	40,000	7,149	47,149

As at 1 January 2024	40,000	7,149	47,149

5. Debtors

	2024	2023
	£	£
Due within one year
Other debtors	3,547	3,620

6. Creditors: Amounts Falling Due Within One Year

	2024	2023
	£	£
Trade creditors	4,228	5,833
Accruals and deferred income	1,975	1,975
Director's loan account	240,434	225,452

	246,637	233,260

7. Share Capital

	2024	2023
	£	£
Allotted, Called up and fully paid	25,000	25,000

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