Company Registration No. 09600177 (England and Wales)
IOTA ENTERPRISES LIMITED
Unaudited accounts
for the year ended 30 November 2022
IOTA ENTERPRISES LIMITED
Unaudited accounts
Contents
IOTA ENTERPRISES LIMITED
Company Information
for the year ended 30 November 2022
Company Number
09600177 (England and Wales)
Registered Office
UNIT 27 HARWOOD COURT
RIVERSIDE PARK INDUSTRIAL ESTATE
MIDDLESBROUGH
TS2 1PU
ENGLAND
IOTA ENTERPRISES LIMITED
Statement of financial position
as at 30 November 2022
Tangible assets
222,701
222,701
Inventories
420,663
360,214
Cash at bank and in hand
995
86,754
Creditors: amounts falling due within one year
(892,626)
(1,270,673)
Net current (liabilities)/assets
(10,309)
440,674
Total assets less current liabilities
212,392
663,375
Creditors: amounts falling due after more than one year
(197,486)
(651,798)
Provisions for liabilities
Deferred tax
(9,800)
(9,800)
Called up share capital
1
1
Profit and loss account
5,105
1,776
Shareholders' funds
5,106
1,777
For the year ending 30 November 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 28 November 2023 and were signed on its behalf by
Ian Vermeulen
Director
Company Registration No. 09600177
IOTA ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 30 November 2022
IOTA ENTERPRISES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09600177. The registered office is UNIT 27 HARWOOD COURT, RIVERSIDE PARK INDUSTRIAL ESTATE, MIDDLESBROUGH, TS2 1PU, 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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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:
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 December 2021
573
276,411
5,417
333
282,734
At 30 November 2022
573
276,411
5,417
333
282,734
At 1 December 2021
469
58,061
1,170
333
60,033
At 30 November 2022
469
58,061
1,170
333
60,033
At 30 November 2022
104
218,350
4,247
-
222,701
At 30 November 2021
104
218,350
4,247
-
222,701
IOTA ENTERPRISES LIMITED
Notes to the Accounts
for the year ended 30 November 2022
Amounts falling due within one year
Trade debtors
30,441
448,093
Other debtors
425,218
811,283
Amounts falling due after more than one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
217,836
273,669
Obligations under finance leases and hire purchase contracts
140,105
189,057
Trade creditors
51,111
368,615
Taxes and social security
6,748
10,548
Other creditors
218
(1,951)
Loans from directors
(31,611)
24,283
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
197,486
651,798
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).