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REGISTERED NUMBER: 06290633 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

I Office Ltd

I Office Ltd (Registered number: 06290633)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I Office Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs H Probert
L Probert





SECRETARY: L Probert





REGISTERED OFFICE: Unit 9 B
Ashdown Business Park
Maresfield
East Sussex
TN22 2DU





REGISTERED NUMBER: 06290633 (England and Wales)





ACCOUNTANTS: Bentleys Accounting Limited
Suite 6, 141/143 South Road
Haywards Heath
West Sussex
RH16 4LY

I Office Ltd (Registered number: 06290633)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 317,548 262,711

CURRENT ASSETS
Debtors 5 324,708 295,079
Cash at bank 91,582 323,040
416,290 618,119
CREDITORS
Amounts falling due within one year 6 339,997 325,051
NET CURRENT ASSETS 76,293 293,068
TOTAL ASSETS LESS CURRENT
LIABILITIES

393,841

555,779

CREDITORS
Amounts falling due after more than one
year

7

160,101

235,610
NET ASSETS 233,740 320,169

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 8 232,740 319,169
SHAREHOLDERS' FUNDS 233,740 320,169

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

I Office Ltd (Registered number: 06290633)

Balance Sheet - continued
30 June 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 21 February 2025 and were signed on its behalf by:





L Probert - Director


I Office Ltd (Registered number: 06290633)

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

1. STATUTORY INFORMATION

I Office 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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 15% 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 8 (2023 - 8 ) .

I Office Ltd (Registered number: 06290633)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 200,734 111,965 250,799 563,498
Additions - 84,252 58,985 143,237
Disposals (50,000 ) - - (50,000 )
At 30 June 2024 150,734 196,217 309,784 656,735
DEPRECIATION
At 1 July 2023 136,581 50,031 114,175 300,787
Charge for year 9,007 21,927 29,341 60,275
Eliminated on disposal (21,875 ) - - (21,875 )
At 30 June 2024 123,713 71,958 143,516 339,187
NET BOOK VALUE
At 30 June 2024 27,021 124,259 166,268 317,548
At 30 June 2023 64,153 61,934 136,624 262,711

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 284,025 222,629
Other debtors 28,000 30,400
VAT 3,683 3,050
Prepayments 9,000 39,000
324,708 295,079

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 109,251 93,748
Tax 2,159 8,904
Social security and other taxes 4,157 7,869
Loans under 1 year 120,289 120,289
Directors' current accounts 102,491 79,591
Accrued expenses 1,650 14,650
339,997 325,051

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans - 2-5 years 160,101 235,610

I Office Ltd (Registered number: 06290633)

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

8. RESERVES
Retained
earnings
£   

At 1 July 2023 319,169
Profit for the year 73,571
Dividends (160,000 )
At 30 June 2024 232,740