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REGISTERED NUMBER: 05206309 (England and Wales)





UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2019

FOR

IXIS IT LIMITED

IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2019










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 2019







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 2019

31.8.19 31.8.18
Notes £    £   
FIXED ASSETS
Intangible assets 4 9,000 -
Tangible assets 5 66,904 99,352
75,904 99,352

CURRENT ASSETS
Debtors 171,930 147,250
Cash at bank 969,986 998,505
1,141,916 1,145,755
CREDITORS
Amounts falling due within one year (258,658 ) (354,588 )
NET CURRENT ASSETS 883,258 791,167
TOTAL ASSETS LESS CURRENT LIABILITIES 959,162 890,519

CREDITORS
Amounts falling due after more than one
year

(69,993

)

(65,139

)

PROVISIONS FOR LIABILITIES 6 (11,755 ) (18,877 )
NET ASSETS 877,414 806,503

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 877,314 806,403
SHAREHOLDERS' FUNDS 877,414 806,503

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2019 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 2019


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 2019 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 on 25 March 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 2019


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 2019


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 18 (2018 - 15 ) .

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

At 31 August 2019 9,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2018 161,962
Additions 602
Disposals (6,301 )
At 31 August 2019 156,263
DEPRECIATION
At 1 September 2018 62,610
Charge for year 33,050
Eliminated on disposal (6,301 )
At 31 August 2019 89,359
NET BOOK VALUE
At 31 August 2019 66,904
At 31 August 2018 99,352

IXIS IT LIMITED (REGISTERED NUMBER: 05206309)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2019


6. PROVISIONS FOR LIABILITIES
31.8.19 31.8.18
£    £   
Deferred tax 11,755 18,877

Deferred
tax
£   
Balance at 1 September 2018 18,877
Provided during year (7,122 )
Balance at 31 August 2019 11,755