Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-302023-12-30falsefalsetrue2022-12-31No description of principal activity11The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 05503832 2022-12-31 2023-12-30 05503832 2021-12-31 2022-12-30 05503832 2023-12-30 05503832 2022-12-30 05503832 c:Director2 2022-12-31 2023-12-30 05503832 d:CurrentFinancialInstruments 2023-12-30 05503832 d:CurrentFinancialInstruments 2022-12-30 05503832 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-30 05503832 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-30 05503832 d:ShareCapital 2023-12-30 05503832 d:ShareCapital 2022-12-30 05503832 d:RetainedEarningsAccumulatedLosses 2023-12-30 05503832 d:RetainedEarningsAccumulatedLosses 2022-12-30 05503832 c:FRS102 2022-12-31 2023-12-30 05503832 c:AuditExempt-NoAccountantsReport 2022-12-31 2023-12-30 05503832 c:FullAccounts 2022-12-31 2023-12-30 05503832 c:PrivateLimitedCompanyLtd 2022-12-31 2023-12-30 05503832 e:PoundSterling 2022-12-31 2023-12-30 iso4217:GBP xbrli:pure

Registered number: 05503832










I.O TRADING LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 DECEMBER 2023

 
I.O TRADING LIMITED
REGISTERED NUMBER: 05503832

BALANCE SHEET
AS AT 30 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 3 
866,542
866,542

Cash at bank and in hand
 4 
552
347

  
867,094
866,889

Creditors: amounts falling due within one year
 5 
(904,631)
(902,761)

Net current liabilities
  
 
 
(37,537)
 
 
(35,872)

Total assets less current liabilities
  
(37,537)
(35,872)

  

Net liabilities
  
(37,537)
(35,872)


Capital and reserves
  

Called up share capital 
  
1,000
1,000

Profit and loss account
  
(38,537)
(36,872)

  
(37,537)
(35,872)


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

................................................
Nicholas Hogan
Director
Date: 4 October 2024

The notes on pages 2 to 3 form part of these financial statements.

Page 1

 
I.O TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

1.


General information

I.O Trading Limited is a private company limited by share capital, incorporated in England and Wales, registration number 05503832. The address of the registered office is 5th Floor, 7/10 Chandos Street, London, W1G 9DQ.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Profit and loss account within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.4

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 2

 
I.O TRADING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2023

2.Accounting policies (continued)

 
2.5

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Debtors

2023
2022
£
£


Other debtors
859,994
859,994

Prepayments and accrued income
6,548
6,548

866,542
866,542



4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
552
347

552
347



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Other creditors
904,631
902,761

904,631
902,761



6.


Related party transactions

At the year end the balance due to the shareholders was £55,748 (2022: £54,878), the loan is interest free.

 
Page 3