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REGISTERED NUMBER: 12204417 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 September 2024

for

TechIOT Ltd

TechIOT Ltd (Registered number: 12204417)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


TechIOT Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTOR: Mr M P Bagley





REGISTERED OFFICE: 2 Damson Close
Thrapston
Kettering
Northamptonshire
NN14 4RG





REGISTERED NUMBER: 12204417 (England and Wales)





ACCOUNTANTS: Black Barn Accountants Ltd
The Technology Centre
Station Road
Framlingham
Woodbridge
Suffolk
IP13 9EZ

TechIOT Ltd (Registered number: 12204417)

Balance Sheet
30 September 2024

30.9.24 30.9.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,134 2,381

CURRENT ASSETS
Debtors 5 9,057 10,672
Cash at bank 71,372 64,436
80,429 75,108
CREDITORS
Amounts falling due within one year 6 18,690 18,726
NET CURRENT ASSETS 61,739 56,382
TOTAL ASSETS LESS CURRENT
LIABILITIES

63,873

58,763

PROVISIONS FOR LIABILITIES 533 452
NET ASSETS 63,340 58,311

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 63,338 58,309
SHAREHOLDERS' FUNDS 63,340 58,311

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 7 February 2025 and were signed by:




Mr M P Bagley - Director


TechIOT Ltd (Registered number: 12204417)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

TechIOT 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 2 (2023 - 2 ) .

TechIOT Ltd (Registered number: 12204417)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 October 2023 4,605
Additions 399
At 30 September 2024 5,004
DEPRECIATION
At 1 October 2023 2,224
Charge for year 646
At 30 September 2024 2,870
NET BOOK VALUE
At 30 September 2024 2,134
At 30 September 2023 2,381

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 9,057 10,672

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Taxation and social security 16,515 15,125
Other creditors 2,175 3,601
18,690 18,726