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Company Registration No. 12399499 (England and Wales)
IAT SOLUTIONS LTD Unaudited accounts for the year ended 31 January 2023
IAT SOLUTIONS LTD Unaudited accounts Contents
Page
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IAT SOLUTIONS LTD Company Information for the year ended 31 January 2023
Director
Amie Morphus
Company Number
12399499 (England and Wales)
Registered Office
111 THE WOODLANDS LANGWITH MANSFIELD NG20 9BZ ENGLAND
Accountants
EJM Accountants Limited Dukeries Business Centre 31-33 Retford Rd, Office 304 Worksop Nottinghamshire S80 2PU
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IAT SOLUTIONS LTD Accountants' report
Accountants' report to the director of IAT SOLUTIONS LTD (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 January 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 January 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
EJM Accountants Limited Dukeries Business Centre 31-33 Retford Rd, Office 304 Worksop Nottinghamshire S80 2PU 14 September 2023
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IAT SOLUTIONS LTD Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
8,000 
7,500 
Current assets
Cash at bank and in hand
1,066 
1,068 
Creditors: amounts falling due within one year
(22,684)
(20,439)
Net current liabilities
(21,618)
(19,371)
Total assets less current liabilities
(13,618)
(11,871)
Creditors: amounts falling due after more than one year
(10,750)
(15,000)
Net liabilities
(24,368)
(26,871)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
(25,368)
(27,871)
Shareholders' funds
(24,368)
(26,871)
For the year ending 31 January 2023 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 her 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 14 September 2023 and were signed on its behalf by
Amie Morphus Director Company Registration No. 12399499
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IAT SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
IAT SOLUTIONS LTD is a private company, limited by shares, registered in England and Wales, registration number 12399499. The registered office is 111 THE WOODLANDS, LANGWITH, MANSFIELD, NG20 9BZ, ENGLAND.
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:
Plant & machinery
4 Years Straight line depreciation
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 February 2022
12,000 
- 
12,000 
Additions
- 
5,000 
5,000 
At 31 January 2023
12,000 
5,000 
17,000 
Depreciation
At 1 February 2022
4,500 
- 
4,500 
Charge for the year
3,000 
1,500 
4,500 
At 31 January 2023
7,500 
1,500 
9,000 
Net book value
At 31 January 2023
4,500 
3,500 
8,000 
At 31 January 2022
7,500 
- 
7,500 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
392 
392 
Loans from directors
22,292 
20,047 
22,684 
20,439 
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IAT SOLUTIONS LTD Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
10,750 
15,000 
7
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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