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Registered number: 07385114
IOS (Yorkshire) Limited
Unaudited Financial Statements
For The Year Ended 31 March 2024
C W Dix Limited
Accountants & Business Advisors
4b Silkwood Court
Wakefield
West Yorkshire
WF5 9TP
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 07385114
2024 2023
Notes £ £ £ £
FIXED ASSETS
Intangible Assets 4 55,322 64,542
Tangible Assets 5 468,334 392,708
523,656 457,250
CURRENT ASSETS
Stocks 6 41,600 36,330
Debtors 7 283,245 231,952
Cash at bank and in hand 21,502 960
346,347 269,242
Creditors: Amounts Falling Due Within One Year 8 (400,783 ) (300,199 )
NET CURRENT ASSETS (LIABILITIES) (54,436 ) (30,957 )
TOTAL ASSETS LESS CURRENT LIABILITIES 469,220 426,293
Creditors: Amounts Falling Due After More Than One Year 9 (18,391 ) (55,050 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (117,083 ) (76,000 )
NET ASSETS 333,746 295,243
CAPITAL AND RESERVES
Called up share capital 11 100 100
Profit and Loss Account 333,646 295,143
SHAREHOLDERS' FUNDS 333,746 295,243
Page 1
Page 2
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Gareth Hunt
Director
12/08/2024
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
IOS (Yorkshire) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07385114 . The registered office is 4 Silkwood Court, Wakefield, WF5 9TP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared on the historical cost basis.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
The financial statements are prepared in sterling, which is the functional currency of the entity.


2.2. Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 20% on reducing balance
Motor Vehicles 25% on reducing balance
Fixtures & Fittings 20% on reducing balance
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.7. Taxation
The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of timing differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are expected to apply in periods in which the timing differences reverse, based on tax rates and the law enacted or substantively enacted at the balance sheet date.
2.8. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 4
2.9. Government Grant
Government grants are recognised in the profit and loss account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the profit and loss account. Grants towards general activities of the entity over a specific period are recognised in the profit and loss account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the profit and loss account over the useful life of the asset concerned.
All grants in the profit and loss account are recognised when all conditions for receipt have been complied with.
2.10. Registrar Filing Requirements
The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2024 2023
Office and administration 1 1
Sales, marketing and distribution 7 8
8 9
4. Intangible Assets
Goodwill
£
Cost
As at 1 April 2023 184,400
As at 31 March 2024 184,400
Amortisation
As at 1 April 2023 119,858
Provided during the period 9,220
As at 31 March 2024 129,078
Net Book Value
As at 31 March 2024 55,322
As at 1 April 2023 64,542
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 April 2023 571,639 20,290 7,110 599,039
Additions 266,724 745 - 267,469
Disposals (143,602 ) - - (143,602 )
As at 31 March 2024 694,761 21,035 7,110 722,906
...CONTINUED
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Page 5
Depreciation
As at 1 April 2023 202,556 1,250 2,525 206,331
Provided during the period 112,456 4,946 917 118,319
Disposals (70,078 ) - - (70,078 )
As at 31 March 2024 244,934 6,196 3,442 254,572
Net Book Value
As at 31 March 2024 449,827 14,839 3,668 468,334
As at 1 April 2023 369,083 19,040 4,585 392,708
6. Stocks
2024 2023
£ £
Finished goods 41,600 36,330
7. Debtors
2024 2023
£ £
Due within one year
Trade debtors 215,228 154,163
Other debtors 25,180 24,499
VAT - 2,468
Net wages 226 -
Director's loan account 42,611 50,822
283,245 231,952
8. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,470 4,470
Trade creditors 224,110 205,336
Bank loans and overdrafts 73,559 68,521
Corporation tax 31,679 6
Other taxes and social security 1,654 1,332
VAT 32,657 -
Net wages - 628
Other creditors 14,854 14,906
Accruals and deferred income 17,800 5,000
400,783 300,199
9. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 12,663 17,133
Bank loans 5,728 37,917
18,391 55,050
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10. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 4,470 4,470
Later than one year and not later than five years 12,663 17,133
17,133 21,603
17,133 21,603
11. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
12. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 April 2023 Amounts advanced Amounts repaid Amounts written off As at 31 March 2024
£ £ £ £ £
Mr Gareth Hunt 50,822 91,289 99,500 - 42,611
The above loan is unsecured, interest free and repayable on demand.
Page 6