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REGISTERED NUMBER: 05390640 (England and Wales)












Internet For Everything Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Internet For Everything Limited (Registered number: 05390640)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company information 1

Balance sheet 2

Notes to the financial statements 4


Internet For Everything Limited

Company Information
for the Year Ended 31 December 2023







Directors: K Pritchard
C A Smith





Secretary: C A Smith





Registered office: Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ





Registered number: 05390640 (England and Wales)





Accountants: Warr & Co Limited
Chartered Accountants
Mynshull House
78 Churchgate
Stockport
Cheshire
SK1 1YJ

Internet For Everything Limited (Registered number: 05390640)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
Fixed assets
Tangible assets 4 1,424 2,893

Current assets
Debtors 5 838,477 846,740
Cash at bank 162,526 525,862
1,001,003 1,372,602
Creditors
Amounts falling due within one year 6 366,269 463,329
Net current assets 634,734 909,273
Total assets less current liabilities 636,158 912,166

Creditors
Amounts falling due after more than one
year

7

-

34,723
Net assets 636,158 877,443

Capital and reserves
Called up share capital 8 25,000 25,000
Share premium 5,000 5,000
Retained earnings 606,158 847,443
Shareholders' funds 636,158 877,443

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Internet For Everything Limited (Registered number: 05390640)

Balance Sheet - continued
31 December 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 Income statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





C A Smith - Director


Internet For Everything Limited (Registered number: 05390640)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. Statutory information

Internet For Everything Limited 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 value added tax.

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 - at varying rates on cost

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

3. Employees and directors

The average number of employees during the year was 15 (2022 - 15 ) .

Internet For Everything Limited (Registered number: 05390640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. Tangible fixed assets
Computer
equipment
£   
Cost
At 1 January 2023 1,003,634
Additions 688
At 31 December 2023 1,004,322
Depreciation
At 1 January 2023 1,000,741
Charge for year 2,157
At 31 December 2023 1,002,898
Net book value
At 31 December 2023 1,424
At 31 December 2022 2,893

5. Debtors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Trade debtors 400,377 403,507
Amounts owed by group
undertakings 437,500 437,500
Other debtors 600 -
Prepayments - 5,733
838,477 846,740

6. Creditors: amounts falling due within one year
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 34,723 83,333
Trade creditors 264,966 206,158
Corporation tax - 13,809
Social security and other taxes 7,494 32,175
Other creditors 1,961 1,656
Accruals and deferred income 57,125 126,198
366,269 463,329

Internet For Everything Limited (Registered number: 05390640)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

7. Creditors: amounts falling due after more than one year
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years - 34,723

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
10,000 Ordinary "A" £1 10,000 10,000
10,000 Ordinary "B" £1 10,000 10,000
5,000 Ordinary "C" £1 5,000 5,000
25,000 25,000

9. Ultimate controlling party

The controlling party is IFE Hosting Limited.