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REGISTERED NUMBER: 13942560 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

26 FEBRUARY 2022 TO 30 APRIL 2023

FOR

IRIS ANALYTICS LTD

IRIS ANALYTICS LTD (REGISTERED NUMBER: 13942560)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 FEBRUARY 2022 TO 30 APRIL 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IRIS ANALYTICS LTD

COMPANY INFORMATION
FOR THE PERIOD 26 FEBRUARY 2022 TO 30 APRIL 2023







DIRECTOR: Mr P K Nyunt





REGISTERED OFFICE: 9 Gray Gardens
Rainham
United Kingdom
Essex
RM13 7NH





REGISTERED NUMBER: 13942560 (England and Wales)





ACCOUNTANTS: Acuity Professional Partnership LLP
Unit 2.02
High Weald House
Glovers End
Bexhill
East Sussex
TN39 5ES

IRIS ANALYTICS LTD (REGISTERED NUMBER: 13942560)

BALANCE SHEET
30 APRIL 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 3,858

CURRENT ASSETS
Debtors 5 46,836
Cash at bank 7,401
54,237
CREDITORS
Amounts falling due within one year 6 28,019
NET CURRENT ASSETS 26,218
TOTAL ASSETS LESS CURRENT
LIABILITIES

30,076

PROVISIONS FOR LIABILITIES 7 733
NET ASSETS 29,343

CAPITAL AND RESERVES
Called up share capital 8 1
Retained earnings 29,342
SHAREHOLDERS' FUNDS 29,343

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 2023 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.

IRIS ANALYTICS LTD (REGISTERED NUMBER: 13942560)

BALANCE SHEET - continued
30 APRIL 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 November 2023 and were signed by:





Mr P K Nyunt - Director


IRIS ANALYTICS LTD (REGISTERED NUMBER: 13942560)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 26 FEBRUARY 2022 TO 30 APRIL 2023


1. STATUTORY INFORMATION

Iris Analytics Ltd 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.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

TAXATION
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 period 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.

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 period was 2 .

IRIS ANALYTICS LTD (REGISTERED NUMBER: 13942560)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 26 FEBRUARY 2022 TO 30 APRIL 2023


4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
Cost
Additions 899 3,512 4,411
At 30 April 2023 899 3,512 4,411
Depreciation
Charge for period 157 396 553
At 30 April 2023 157 396 553
Net book value
At 30 April 2023 742 3,116 3,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 2,340
Other debtors 44,496
46,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Taxation and social security 26,592
Other creditors 1,427
28,019

7. PROVISIONS FOR LIABILITIES
£   
Deferred tax 733

Deferred
tax
£   
Provided during period 733
Balance at 30 April 2023 733

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
1 Ordinary 1 1