Company No: 11107765 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Current assets
Debtors	3	213,183		118,825
Cash at bank and in hand		32,028		20,676
		245,211		139,501
Creditors: amounts falling due within one year	4	( 222,896)		( 111,420)
Net current assets		22,315		28,081
Total assets less current liabilities		22,315		28,081
Creditors: amounts falling due after more than one year	5	( 4,167)		( 14,167)
Net assets		18,148		13,914
Capital and reserves
Called-up share capital		13,000		13,000
Profit and loss account		5,148		914
Total shareholders' funds		18,148		13,914

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.

Director's responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of IEC Resources Limited (registered number: 11107765) were approved and authorised for issue by the Director on 01 December 2025. They were signed on its behalf by:

Mr K Wilson Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

IEC Resources Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is IEC House, Old Springs, Market Drayton, Shropshire, TF9 2PG, United Kingdom.

The financial statements have been prepared under the historical cost convention, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Revenue from services is recognised as they are delivered.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	9		11

3. Debtors

	2024		2023
	£		£
Amounts owed by related parties	15,981		18,493
Prepayments	33		26
Other debtors	197,169		100,306
	213,183		118,825

4. Creditors: amounts falling due within one year

	2024		2023
	£		£
Bank loans	10,000		10,000
Trade creditors	50		349
Amounts owed to related parties	108,512		0
Accruals	2,950		6,170
Taxation and social security	99,453		93,060
Other creditors	1,931		1,841
	222,896		111,420

5. Creditors: amounts falling due after more than one year

	2024		2023
	£		£
Bank loans	4,167		14,167

There are no amounts included above in respect of which any security has been given by the small entity.