IRIS Accounts Production v24.2.0.383 12416667 Board of Directors 1.2.23 31.1.24 31.1.24 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh124166672023-01-31124166672024-01-31124166672023-02-012024-01-31124166672022-01-31124166672022-02-012023-01-31124166672023-01-3112416667ns15:EnglandWales2023-02-012024-01-3112416667ns14:PoundSterling2023-02-012024-01-3112416667ns10:Director12023-02-012024-01-3112416667ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3112416667ns10:SmallEntities2023-02-012024-01-3112416667ns10:AuditExemptWithAccountantsReport2023-02-012024-01-3112416667ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3112416667ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3112416667ns10:FullAccounts2023-02-012024-01-311241666712023-02-012024-01-3112416667ns10:Director22023-02-012024-01-3112416667ns10:RegisteredOffice2023-02-012024-01-3112416667ns5:CurrentFinancialInstruments2024-01-3112416667ns5:CurrentFinancialInstruments2023-01-3112416667ns5:Non-currentFinancialInstruments2024-01-3112416667ns5:Non-currentFinancialInstruments2023-01-3112416667ns5:ShareCapital2024-01-3112416667ns5:ShareCapital2023-01-3112416667ns5:RetainedEarningsAccumulatedLosses2024-01-3112416667ns5:RetainedEarningsAccumulatedLosses2023-01-3112416667ns5:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3112416667ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-02-012024-01-3112416667ns5:FurnitureFittings2023-02-012024-01-3112416667ns5:ComputerEquipment2023-02-012024-01-3112416667ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-3112416667ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2024-01-3112416667ns5:DevelopmentCostsCapitalisedDevelopmentExpenditure2023-01-3112416667ns5:FurnitureFittings2023-01-3112416667ns5:ComputerEquipment2023-01-3112416667ns5:FurnitureFittings2024-01-3112416667ns5:ComputerEquipment2024-01-3112416667ns5:FurnitureFittings2023-01-3112416667ns5:ComputerEquipment2023-01-3112416667ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-01-3112416667ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-01-31
















iungo solutions limited

Financial Statements for the Year Ended 31 January 2024






iungo solutions limited

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J L Jones
T J De Vall





REGISTERED OFFICE: 33-35 West Bute Street
Cardiff
CF10 5LH





REGISTERED NUMBER: 12416667 (England and Wales)





ACCOUNTANTS: BPU Limited
Chartered Accountants
Radnor House
Greenwood Close
Cardiff Gate Business Park
Cardiff
CF23 8AA

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
iungo solutions limited


The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of iungo solutions limited for the year ended 31 January 2024 which comprise the Profit and Loss Account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of iungo solutions limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of iungo solutions limited and state those matters that we have agreed to state to the Board of Directors of iungo solutions limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than iungo solutions limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that iungo solutions limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of iungo solutions limited. You consider that iungo solutions limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of iungo solutions limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






BPU Limited
Chartered Accountants


20 September 2024

iungo solutions limited (Registered number: 12416667)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 3 8,137 30,562
Tangible assets 4 13,688 1,924
21,825 32,486

CURRENT ASSETS
Debtors 5 369,127 9,074
Cash at bank 217,382 73,587
586,509 82,661
CREDITORS
Amounts falling due within one year 6 191,336 41,983
NET CURRENT ASSETS 395,173 40,678
TOTAL ASSETS LESS CURRENT
LIABILITIES

416,998

73,164

CREDITORS
Amounts falling due after more than
one year

7

25,456

23,134
NET ASSETS 391,542 50,030

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 391,442 49,930
391,542 50,030

iungo solutions limited (Registered number: 12416667)

Balance Sheet - continued
31 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

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 Profit and Loss Account 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:





T J De Vall - Director


iungo solutions limited (Registered number: 12416667)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

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 - 25% straight line
Computer equipment - 20% straight line

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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 year 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
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.

iungo solutions limited (Registered number: 12416667)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


2. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

3. INTANGIBLE FIXED ASSETS
Development
costs
£   
COST
At 1 February 2023
and 31 January 2024 108,547
AMORTISATION
At 1 February 2023 77,985
Amortisation for year 22,425
At 31 January 2024 100,410
NET BOOK VALUE
At 31 January 2024 8,137
At 31 January 2023 30,562

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 February 2023 852 2,332 3,184
Additions 12,857 1,435 14,292
At 31 January 2024 13,709 3,767 17,476
DEPRECIATION
At 1 February 2023 639 621 1,260
Charge for year 2,037 491 2,528
At 31 January 2024 2,676 1,112 3,788
NET BOOK VALUE
At 31 January 2024 11,033 2,655 13,688
At 31 January 2023 213 1,711 1,924

iungo solutions limited (Registered number: 12416667)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 85,143 1,848
Other debtors & prepayments 283,984 7,226
369,127 9,074

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxes & social security costs 161,984 7,313
Other creditors & accruals 29,352 34,670
191,336 41,983

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Other creditors 25,456 23,134