IRIS Accounts Production v20.3.4.1 05206309 director 1.9.19 31.8.20 31.8.20 false true false false false true false iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure 05206309 2019-08-31 05206309 2020-08-31 05206309 2019-09-01 2020-08-31 05206309 2018-08-31 05206309 2018-09-01 2019-08-31 05206309 2019-08-31 05206309 ns16:EnglandWales 2019-09-01 2020-08-31 05206309 ns15:PoundSterling 2019-09-01 2020-08-31 05206309 ns11:Director1 2019-09-01 2020-08-31 05206309 ns11:PrivateLimitedCompanyLtd 2019-09-01 2020-08-31 05206309 ns11:SmallEntities 2019-09-01 2020-08-31 05206309 ns11:AuditExempt-NoAccountantsReport 2019-09-01 2020-08-31 05206309 ns11:SmallCompaniesRegimeForDirectorsReport 2019-09-01 2020-08-31 05206309 ns11:SmallCompaniesRegimeForAccounts 2019-09-01 2020-08-31 05206309 ns11:AbridgedAccounts 2019-09-01 2020-08-31 05206309 1 2019-09-01 2020-08-31 05206309 ns11:RegisteredOffice 2019-09-01 2020-08-31 05206309 ns6:CurrentFinancialInstruments 2020-08-31 05206309 ns6:CurrentFinancialInstruments 2019-08-31 05206309 ns6:Non-currentFinancialInstruments 2020-08-31 05206309 ns6:Non-currentFinancialInstruments 2019-08-31 05206309 ns6:ShareCapital 2020-08-31 05206309 ns6:ShareCapital 2019-08-31 05206309 ns6:RetainedEarningsAccumulatedLosses 2020-08-31 05206309 ns6:RetainedEarningsAccumulatedLosses 2019-08-31 05206309 ns6:NetGoodwill 2019-09-01 2020-08-31 05206309 ns6:IntangibleAssetsOtherThanGoodwill 2019-09-01 2020-08-31 05206309 ns6:PlantMachinery 2019-09-01 2020-08-31 05206309 ns6:FurnitureFittings 2019-09-01 2020-08-31 05206309 ns6:MotorVehicles 2019-09-01 2020-08-31 05206309 ns6:ComputerEquipment 2019-09-01 2020-08-31 05206309 ns6:DeferredTaxation 2019-08-31 05206309 ns6:DeferredTaxation 2019-09-01 2020-08-31 05206309 ns6:DeferredTaxation 2020-08-31
REGISTERED NUMBER: 05206309 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2020

FOR

IXIS IT LIMITED

IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


IXIS IT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2020







DIRECTOR: M Carter





REGISTERED OFFICE: The Base
Dallam Lane
Warrington
Cheshire
WA2 7NG





REGISTERED NUMBER: 05206309 (England and Wales)





ACCOUNTANTS: Jennions Macken Limited
18 Mulberry Avenue
Turnstone Park
Widnes
Cheshire
WA8 0WN

IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

ABRIDGED BALANCE SHEET
31 AUGUST 2020

31.8.20 31.8.19
Notes £    £   
FIXED ASSETS
Intangible assets 4 8,000 9,000
Tangible assets 5 39,986 66,904
47,986 75,904

CURRENT ASSETS
Debtors 340,408 171,930
Cash at bank 1,224,086 969,986
1,564,494 1,141,916
CREDITORS
Amounts falling due within one year (449,632 ) (258,658 )
NET CURRENT ASSETS 1,114,862 883,258
TOTAL ASSETS LESS CURRENT LIABILITIES 1,162,848 959,162

CREDITORS
Amounts falling due after more than one
year

-

(69,993

)

PROVISIONS FOR LIABILITIES 6 (7,798 ) (11,755 )
NET ASSETS 1,155,050 877,414

CAPITAL AND RESERVES
Called up share capital 50 50
Retained earnings 1,155,000 877,364
SHAREHOLDERS' FUNDS 1,155,050 877,414

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2020 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.

IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2020


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 22 December 2020 and were signed by:





M Carter - Director


IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2020


1. STATUTORY INFORMATION

Ixis IT Limited 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% 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.

IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2020


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2019 - 18 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2019
and 31 August 2020 10,000
AMORTISATION
At 1 September 2019 1,000
Amortisation for year 1,000
At 31 August 2020 2,000
NET BOOK VALUE

At 31 August 2020 8,000
At 31 August 2019 9,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2019 156,263
Additions 6,471
At 31 August 2020 162,734
DEPRECIATION
At 1 September 2019 89,359
Charge for year 33,389
At 31 August 2020 122,748
NET BOOK VALUE
At 31 August 2020 39,986
At 31 August 2019 66,904

IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2020


6. PROVISIONS FOR LIABILITIES
31.8.20 31.8.19
£    £   
Deferred tax 7,798 11,755

Deferred
tax
£   
Balance at 1 September 2019 11,755
Credit to Income Statement during year (3,957 )
Balance at 31 August 2020 7,798