IEL Projects Ltd - Filleted accounts

Registered number

15876849

IEL Projects Ltd

Filleted Accounts

31 October 2025

IEL Projects Ltd
Registered number:		15876849
Balance Sheet
as at 31 October 2025

Notes			2025
£
Fixed assets
Tangible assets	3		702
Investments	6		4,919
			5,621

Current assets
Stocks		-
Debtors	4	20,000
Cash at bank and in hand		5,354
		25,354

Creditors: amounts falling due within one year	5	(6,416)

Net current assets			18,938

Total assets less current liabilities			24,559


Net assets			24,559

Capital and reserves
Called up share capital			100
Profit and loss account			24,459

Shareholder's funds			24,559

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Mr P Mullen
Director
Approved by the board on 8 April 2026

IEL Projects Ltd
Notes to the Accounts
for the period from 5 August 2024 to 31 October 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	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 from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Fixtures, fittings, tools and equipment			20% reducing balance p.a.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.

2	Employees					2025
Number

	Average number of persons employed by the company					0


3	Tangible fixed assets
				Plant and machinery etc				Total
£					£
	Cost
	At 5 August 2024			-				-
	Additions			934				934
	Surplus on revaluation			-				-
	Disposals			-				-
	At 31 October 2025			934				934

	Depreciation
	At 5 August 2024			-				-
	Charge for the period			232				232
	Surplus on revaluation			-				-
	On disposals			-				-
	At 31 October 2025			232				232

	Net book value
	At 31 October 2025			702				702
	At 4 August 2024			-				-


4	Debtors					2025
£

	Trade debtors					-
	Other debtors					20,000
						20,000

	Amounts due after more than one year included above					-


5	Creditors: amounts falling due within one year					2025
£

	Bank loans and overdrafts					-
	Trade creditors					-
	Taxation and social security costs					5,583
	Other creditors					833
						6,416

6	Investments
Investments in
subsidiary					Other
undertakings					investments		Total
£					£		£
	Cost
	At 5 August 2024			-		-		-
	Additions			-		4,919		4,919
	Revaluation			-		-		-
	Disposals			-		-		-

	At 31 October 2025			-		4,919		4,919

	Historical cost
	At 5 August 2024			-		-
	At 31 October 2025			-		-

	[For revalued investments, see FRS 102 paragraphs 1AC.15, 1AC.22 and 1AC.23 for disclosures]




19	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	P Mullen
	[Loan 1]	-		10,000		-		10,000
	[Loan 2]	-		10,000		-		10,000

		-		20,000		-		20,000


23	Other information

	IEL Projects Ltd is a private company limited by shares and incorporated in England. Its registered office is:
	11 Gleneagles Close
	Fornham St. Martin
	Bury St Edmunds
	Suffolk
	IP28 6XA