Registered number: 08844832

Iteration One Ltd
Unaudited Financial Statements
for the year ended 31 January 2024

Statement of Financial Position

as at 31 January 2024

  2024
Restated
2023
   
££
 
££
Called up share capital not paid  
  -  
 
  -  
Fixed assets  
  2,618  
 
  1,387  
Current assets  
36,404    
 
16,168    
Prepayments and accrued income  
-    
 
12,704    
Creditors: amounts falling due within one year  
( 29,966 )  
 
( 27,294 )  
Net current assets (liabilities)  
  6,438  
 
  1,578  
Total assets less current liabilities  
  9,056  
 
  2,965  
Creditors: amounts falling due after more than one year  
  -  
 
  -  
Provisions for liabilities  
  -  
 
  -  
Accruals and deferred income  
  -  
 
  ( 1,966 )
Net assets  
  9,056  
 
  999  
   
Capital and reserves  
  9,056  
 
  999  

xbrli:pure 08844832 2023-02-01 2024-01-31 08844832 2022-02-01 2023-01-31 08844832 2024-01-31 08844832 2023-01-31 08844832 2023-02-01 08844832 uk-frs102:WithinOneYear 2024-01-31 08844832 uk-frs102:AfterOneYear 2024-01-31 08844832 uk-frs102:WithinOneYear 2023-01-31 08844832 uk-frs102:AfterOneYear 2023-01-31 08844832 uk-bus:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 08844832 uk-bus:FilletedAccounts 2023-02-01 2024-01-31 08844832 uk-bus:Director1 1 2023-02-01 2024-01-31 08844832 uk-bus:Director2 2 2023-02-01 2024-01-31 08844832 uk-bus:Director1 2023-02-01 2024-01-31 08844832 uk-bus:Director2 2023-02-01 2024-01-31 08844832 uk-bus:Director1 1 2023-02-01 08844832 uk-bus:Director2 2 2023-02-01 08844832 uk-bus:Director1 1 2024-01-31 08844832 uk-bus:Director2 2 2024-01-31 08844832 uk-bus:Micro-entities 2023-02-01 2024-01-31 08844832 uk-bus:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 iso4217:GBP 08844832 countries:EnglandWales 2023-02-01 2024-01-31 08844832 uk-bus:RegisteredOffice 2023-02-01 2024-01-31

Footnotes to the Statement of Financial Position

Simon Matthews Deborah Matthews

1. Arrangements not included in Statement of Financial Position

The company has not entered into any arrangements not shown on the Statement of Financial Position.

2. Average number of employees

The average number of employees in the period was 2.

3. Directors’ benefits: advances, credit and guarantees

Simon Matthews

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £1,967 by Simon Matthews, a director of the company, on 01/02/2023.

During the accounting year the maximum amount repayable to Simon Matthews was £1,967

The following conditions are attached to amount payable to Simon Matthews:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/02/2023 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/01/2024
£ £ £ £ £ £ £
820   ( 64,199 )
( 64,199 )
65,346
65,346  
0 0 0 1,967  

Deborah Matthews

Included in creditors is an amount due to be paid by the company to one of its directors. The amount is an advance made to the company of £1,262 by Deborah Matthews, a director of the company, on 15/03/2023.

During the accounting year the maximum amount repayable to Deborah Matthews was £1,751

The following conditions are attached to amount payable to Deborah Matthews:

  • There is no interest due to be paid on any outstanding amount
  • No fixed date has been set for the amount to be repaid by the company.
Opening balance 01/02/2023 Additional advance Amount repaid Amount written off Amounts waived Interest payable Closing balance 31/01/2024
£ £ £ £ £ £ £
0   ( 29,702 )
( 29,702 )
30,964
30,964  
0 0 0 1,262  

4. Guarantees, contingencies and other financial commitments

There are no guarantees, contingencies or other commitments not included in the financial statements.

Statutory Statements

In accordance with section 414(3) of the Companies Act 2006, these accounts have been prepared in accordance with the FRS 105: The Financial Reporting Standard applicable to the Micro-entities Regime for periods commencing on or after 1 January 2016. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

For the year ending 31/01/2024 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 directors acknowledge their responsibilities for complying with the requirements of Companies Act 2006 with respect to accounting records and the preparation of accounts

Company information

a) The company is registered in England and Wales

b) Company registration number - 08844832

c) The company is a private company and is limited by shares

d) The companies registered office address is 28 Woodland Park, Colwyn Bay, LL29 7HA, United Kingdom



Approved by the board of directors and signed on behalf of the board,

Iteration One Ltd
Director Simon Matthews
Date of approval: 15/08/2024
The company was trading for the entire period 2023-02-01 2024-01-31 2024-01-31 IT Business Consultancy 2024-08-15 2024-08-15