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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
Page
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IOTA ENTERPRISES LIMITED Company Information for the year ended 30 November 2022
Director
Ian Vermeulen
Company Number
09600177 (England and Wales)
Registered Office
UNIT 27 HARWOOD COURT RIVERSIDE PARK INDUSTRIAL ESTATE MIDDLESBROUGH TS2 1PU ENGLAND
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IOTA ENTERPRISES LIMITED Statement of financial position as at 30 November 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
222,701 
222,701 
Current assets
Inventories
420,663 
360,214 
Debtors
460,659 
1,264,379 
Cash at bank and in hand
995 
86,754 
882,317 
1,711,347 
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)
Net assets
5,106 
1,777 
Capital and reserves
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
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IOTA ENTERPRISES LIMITED Notes to the Accounts for the year ended 30 November 2022
1
Statutory information
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.
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:
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 
Depreciation
At 1 December 2021
469 
58,061 
1,170 
333 
60,033 
At 30 November 2022
469 
58,061 
1,170 
333 
60,033 
Net book value
At 30 November 2022
104 
218,350 
4,247 
- 
222,701 
At 30 November 2021
104 
218,350 
4,247 
- 
222,701 
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IOTA ENTERPRISES LIMITED Notes to the Accounts for the year ended 30 November 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
30,441 
448,093 
Other debtors
425,218 
811,283 
455,659 
1,259,376 
Amounts falling due after more than one year
Trade debtors
- 
3 
Other debtors
5,000 
5,000 
5,000 
5,003 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
217,836 
273,669 
VAT
507,567 
396,862 
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 
Accruals
652 
9,590 
892,626 
1,270,673 
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).
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