Company No: 11134456 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2024		2023
		£		£
Fixed assets
Tangible assets	3	696,789		719,724
		696,789		719,724
Current assets
Debtors	4	586,550		825,786
Cash at bank and in hand		804,091		134,115
		1,390,641		959,901
Creditors: amounts falling due within one year	5	( 1,341,511)		( 1,154,104)
Net current assets/(liabilities)		49,130		(194,203)
Total assets less current liabilities		745,919		525,521
Creditors: amounts falling due after more than one year	6	( 27,736)		( 18,017)
Net assets		718,183		507,504
Capital and reserves
Called-up share capital		100		100
Profit and loss account		718,083		507,404
Total shareholder's funds		718,183		507,504

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 member has 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 Profit and Loss Account has not been delivered.

The financial statements of IEC Poultry Limited (registered number: 11134456) 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 Poultry 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 Farm, Market Drayton, TF9 2PG, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, 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.

Change in accounting estimate

During the year, the company reviewed the depreciation method applied to its fixed assets. Previously no depreciation was charged on land and buildings, however management determined that depreciation buildings over 20 years from the date of construction more accurately reflected the pattern of economic benefits derived from these assets. As a result, the depreciation method was changed prospectively from 1 January 2024 to depreciate the buildings over their remaining life of 16 years. The impact of this change on the current years depreciation is an increase of £39,056.

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. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	16 years straight line
Plant and machinery	15 % reducing balance
Vehicles	15 % reducing balance
Office equipment	3 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

2. Employees

	2024		2023
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	1		1

3. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Office equipment		Total
	£		£		£		£		£
Cost
At 01 January 2024	624,900		119,842		4,995		3,630		753,367
Additions	0		13,722		20,000		500		34,222
Disposals	0		0		( 4,995)		0		( 4,995)
At 31 December 2024	624,900		133,564		20,000		4,130		782,594
Accumulated depreciation
At 01 January 2024	0		27,661		2,950		3,032		33,643
Charge for the financial year	39,056		14,207		1,634		598		55,495
Disposals	0		0		( 3,333)		0		( 3,333)
At 31 December 2024	39,056		41,868		1,251		3,630		85,805
Net book value
At 31 December 2024	585,844		91,696		18,749		500		696,789
At 31 December 2023	624,900		92,181		2,045		598		719,724

4. Debtors

	2024		2023
	£		£
Trade debtors	49,225		0
Other debtors	537,325		825,786
	586,550		825,786

5. Creditors: amounts falling due within one year

	2024		2023
	£		£
Trade creditors	32,515		5,080
Taxation and social security	30,776		0
Other creditors	1,278,220		1,149,024
	1,341,511		1,154,104

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

	2024		2023
	£		£
Other creditors	27,736		18,017

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