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Company Registration No. 10787974 (England and Wales)
Iris Iot Solutions Limited Unaudited accounts for the year ended 31 May 2024
Iris Iot Solutions Limited Unaudited accounts Contents
Page
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Iris Iot Solutions Limited Company Information for the year ended 31 May 2024
Directors
Stephen Westley Vanessa Hill
Company Number
10787974 (England and Wales)
Accountants
Cube Accounting Limited Suite 3B & 3C, Davy Court Castle Mound Way Rugby Warwickshire CV23 0UZ
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Iris Iot Solutions Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
711 
839 
Current assets
Debtors
54,762 
22,477 
Cash at bank and in hand
1,690 
8,911 
56,452 
31,388 
Creditors: amounts falling due within one year
(56,845)
(21,728)
Net current (liabilities)/assets
(393)
9,660 
Total assets less current liabilities
318 
10,499 
Provisions for liabilities
Deferred tax
- 
(159)
Net assets
318 
10,340 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
317 
10,339 
Shareholders' funds
318 
10,340 
For the year ending 31 May 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 the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by
Vanessa Hill Director Company Registration No. 10787974
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Iris Iot Solutions Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Iris Iot Solutions Limited is a private company, limited by shares, registered in England and Wales, registration number 10787974.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25%
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,298 
Additions
207 
At 31 May 2024
1,505 
Depreciation
At 1 June 2023
459 
Charge for the year
335 
At 31 May 2024
794 
Net book value
At 31 May 2024
711 
At 30 May 2023
839 
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Iris Iot Solutions Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
25,522 
4,178 
Accrued income and prepayments
525 
- 
Other debtors
28,715 
18,299 
54,762 
22,477 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
25,240 
13,635 
Trade creditors
833 
- 
Taxes and social security
4,850 
3,182 
Other creditors
18,072 
2,000 
Loans from directors
6,750 
- 
Accruals
1,100 
2,911 
56,845 
21,728 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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