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REGISTERED NUMBER: 07353326 (England and Wales)












UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

INTERNET AFFILIATION LTD

INTERNET AFFILIATION LTD (REGISTERED NUMBER: 07353326)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERNET AFFILIATION LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







DIRECTORS: J R Ellis
Mrs S Julings





REGISTERED OFFICE: 1 Langdale Park
Lowestoft
Suffolk
NR32 4XF





REGISTERED NUMBER: 07353326 (England and Wales)





ACCOUNTANTS: Juler Tooke
Lothing House
Quay View Business Park
Barnards Way
Lowestoft
Suffolk
NR32 2HD

INTERNET AFFILIATION LTD (REGISTERED NUMBER: 07353326)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 859,911 861,147
859,911 861,147

CURRENT ASSETS
Debtors 6 158,265 10,262
Cash at bank and in hand 3,356 76,086
161,621 86,348
CREDITORS
Amounts falling due within one year 7 (55,181 ) (18,311 )
NET CURRENT ASSETS 106,440 68,037
TOTAL ASSETS LESS CURRENT
LIABILITIES

966,351

929,184

PROVISIONS FOR LIABILITIES 8 (59,267 ) (59,156 )
NET ASSETS 907,084 870,028

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 163,400 163,400
Retained earnings 10 743,584 706,528
SHAREHOLDERS' FUNDS 907,084 870,028

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

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

INTERNET AFFILIATION LTD (REGISTERED NUMBER: 07353326)

BALANCE SHEET - continued
31 AUGUST 2024


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 10 January 2025 and were signed on its behalf by:





J R Ellis - Director


INTERNET AFFILIATION LTD (REGISTERED NUMBER: 07353326)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Internet Affiliation Ltd 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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of five years.

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 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 3 (2023 - 3 ) .

INTERNET AFFILIATION LTD (REGISTERED NUMBER: 07353326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 September 2023
and 31 August 2024 150,000
AMORTISATION
At 1 September 2023
and 31 August 2024 150,000
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 September 2023 858,347 18,397 876,744
Additions - 666 666
At 31 August 2024 858,347 19,063 877,410
DEPRECIATION
At 1 September 2023 - 15,597 15,597
Charge for year - 1,902 1,902
At 31 August 2024 - 17,499 17,499
NET BOOK VALUE
At 31 August 2024 858,347 1,564 859,911
At 31 August 2023 858,347 2,800 861,147

Cost or valuation at 31 August 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 51,000 - 51,000
Valuation in 2018 5,000 - 5,000
Valuation in 2019 15,000 - 15,000
Valuation in 2022 117,000 - 117,000
Valuation in 2023 46,400 - 46,400
Cost 623,947 19,063 643,010
858,347 19,063 877,410

INTERNET AFFILIATION LTD (REGISTERED NUMBER: 07353326)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade debtors 8,265 9,962
Other debtors 150,000 300
158,265 10,262

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
£    £   
Trade creditors 899 1,165
Taxation and social security 34,846 13,993
Other creditors 19,436 3,153
55,181 18,311

8. PROVISIONS FOR LIABILITIES
31.8.24 31.8.23
£    £   
Deferred tax 59,267 59,156

Deferred
tax
£   
Balance at 1 September 2023 59,156
Provided during year 111
Balance at 31 August 2024 59,267

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.24 31.8.23
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 September 2023 706,528 163,400 869,928
Profit for the year 90,056 90,056
Dividends (53,000 ) (53,000 )
At 31 August 2024 743,584 163,400 906,984