1 January 2022 false No description of principal activity Taxfiler 2023.9 04918829business:PrivateLimitedCompanyLtd2022-01-012022-12-31 049188292021-12-31 049188292022-01-012022-12-31 04918829business:AuditExempt-NoAccountantsReport2022-01-012022-12-31 04918829business:FilletedAccounts2022-01-012022-12-31 049188292022-12-31 04918829business:Director12022-01-012022-12-31 04918829business:RegisteredOffice2022-01-012022-12-31 049188292021-12-31 04918829core:WithinOneYear2022-12-31 04918829core:WithinOneYear2021-12-31 04918829core:AfterOneYear2022-12-31 04918829core:AfterOneYear2021-12-31 04918829core:ShareCapitalcore:PreviouslyStatedAmount2022-12-31 04918829core:ShareCapitalcore:PreviouslyStatedAmount2021-12-31 04918829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-12-31 04918829core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2021-12-31 04918829core:PreviouslyStatedAmount2022-12-31 04918829core:PreviouslyStatedAmount2021-12-31 04918829business:SmallEntities2022-01-012022-12-31 04918829countries:EnglandWales2022-01-012022-12-31 04918829core:FurnitureFittings2022-01-012022-12-31 04918829core:ComputerEquipment2022-01-012022-12-31 04918829core:FurnitureFittings2021-12-31 04918829core:ComputerEquipment2021-12-31 04918829core:FurnitureFittings2022-12-31 04918829core:ComputerEquipment2022-12-31 049188292021-01-012021-12-31 iso4217:GBP xbrli:pure
Company Registration No. 04918829 (England and Wales)
IOSC LTD Unaudited accounts for the year ended 31 December 2022
IOSC LTD Unaudited accounts Contents
Page
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IOSC LTD Company Information for the year ended 31 December 2022
Director
T Kerimov
Company Number
04918829 (England and Wales)
Registered Office
Unit 36 Romsey Industrial Estate Greatbridge Road, Romsey Hampshire, SO51 0HR United Kingdom
Accountants
Cadbury and Jones Avicenna House 258-262 Romford Road London E7 9HZ
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IOSC LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
- 
4,637 
Current assets
Inventories
128,069 
128,069 
Debtors
387,493 
469,464 
Cash at bank and in hand
82,307 
103,325 
597,869 
700,858 
Creditors: amounts falling due within one year
(243,659)
(461,668)
Net current assets
354,210 
239,190 
Total assets less current liabilities
354,210 
243,827 
Creditors: amounts falling due after more than one year
(107,093)
- 
Net assets
247,117 
243,827 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
247,017 
243,727 
Shareholders' funds
247,117 
243,827 
For the year ending 31 December 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 September 2023 and were signed on its behalf by
T Kerimov Director Company Registration No. 04918829
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IOSC LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
IOSC LTD is a private company, limited by shares, registered in England and Wales, registration number 04918829. The registered office is Unit 36 Romsey Industrial Estate, Greatbridge Road, Romsey, Hampshire, SO51 0HR, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% Reducing Balance Method
Computer equipment
25% Straight Line Method
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 January 2022
4,224 
3,388 
7,612 
Additions
(4,224)
(3,388)
(7,612)
At 31 December 2022
- 
- 
- 
Depreciation
At 1 January 2022
907 
2,068 
2,975 
Charge for the year
(907)
(2,068)
(2,975)
At 31 December 2022
- 
- 
- 
Net book value
At 31 December 2022
- 
- 
- 
At 31 December 2021
3,317 
1,320 
4,637 
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IOSC LTD Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
294,370 
376,050 
Accrued income and prepayments
47,483 
47,774 
Other debtors
45,640 
45,640 
387,493 
469,464 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
VAT
(23,383)
(20,896)
Trade creditors
53,244 
108,518 
Taxes and social security
12,054 
11,291 
Other creditors
(23,715)
90,301 
Loans from directors
- 
(1)
Accruals
225,459 
272,455 
243,659 
461,668 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
107,093 
- 
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).
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