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REGISTERED NUMBER: 07376875 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

IVOLO LTD

IVOLO LTD (REGISTERED NUMBER: 07376875)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 30 September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IVOLO LTD

COMPANY INFORMATION
for the year ended 30 September 2023







DIRECTOR: C D Rumble





REGISTERED OFFICE: 14 Church Lane
Cubbington
Leamington Spa
Warwickshire
CV32 7JT





REGISTERED NUMBER: 07376875 (England and Wales)






IVOLO LTD (REGISTERED NUMBER: 07376875)

BALANCE SHEET
30 September 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Debtors 5 242 375
Prepayments and accrued income 46,868 140,316
Cash at bank 106,300 58,281
153,410 198,972
CREDITORS
Amounts falling due within one year 6 153,410 198,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

-

-


RESERVES - -

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 22 April 2024 and were signed by:





C D Rumble - Director


IVOLO LTD (REGISTERED NUMBER: 07376875)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 30 September 2023

1. STATUTORY INFORMATION

Ivolo Ltd is a private company, limited by guarantee , 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.

The accounts have been prepared in accordance with applicable accounting standards. The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year.

The financial statements are presented in sterling which is the functional currency of the company and is rounded to the nearest £1

Turnover
Turnover represents grant income received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - Straight line over 3 years

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Limited by guarantee
The company is limited by guarantee and as such has no share capital. The liability of the members in the event of the company being wound up is limited to £1 each.

Taxation
The company is run on a not for profit basis, as such HMRC has agreed that it is not liable to corporation tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 2 ) .

IVOLO LTD (REGISTERED NUMBER: 07376875)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 30 September 2023

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 October 2022 721
Disposals (350 )
At 30 September 2023 371
DEPRECIATION
At 1 October 2022 721
Eliminated on disposal (350 )
At 30 September 2023 371
NET BOOK VALUE
At 30 September 2023 -
At 30 September 2022 -

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 80 -
Other debtors 162 375
242 375

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 2,097
Other creditors 153,410 196,875
153,410 198,972

7. CONTROLLING INTERESTS

The directors are considered to be the ultimate controlling parties by virtue of their ability to act in concert in respect of the financial and operating policies of the company.