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REGISTERED NUMBER: 04027516 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

Iocea.com Limited

Iocea.com Limited (Registered number: 04027516)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Iocea.com Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: G J Billson





SECRETARY: G J Billson





REGISTERED OFFICE: Unit 5
Saxilby Enterprise Park
Skellingthorpe Road
Saxilby
Lincolnshire
LN1 2LR





REGISTERED NUMBER: 04027516 (England and Wales)





ACCOUNTANTS: Smith Cookson
Chartered Accountants
4 Yorke Street
Hucknall
Nottinghamshire
NG15 7BT

Iocea.com Limited (Registered number: 04027516)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 343,925 311,046
Tangible assets 5 96,447 51,159
440,372 362,205

CURRENT ASSETS
Debtors 6 150,457 158,381
Cash at bank and in hand 168,876 167,917
319,333 326,298
CREDITORS
Amounts falling due within one year 7 236,826 227,192
NET CURRENT ASSETS 82,507 99,106
TOTAL ASSETS LESS CURRENT
LIABILITIES

522,879

461,311

CREDITORS
Amounts falling due after more than one
year

8

(75,276

)

(41,056

)

PROVISIONS FOR LIABILITIES 11 (18,056 ) (10,231 )
NET ASSETS 429,547 410,024

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Capital redemption reserve 12 1,000 1,000
Retained earnings 12 427,547 408,024
SHAREHOLDERS' FUNDS 429,547 410,024

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

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

Iocea.com Limited (Registered number: 04027516)

Balance Sheet - continued
31 July 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 director and authorised for issue on 28 April 2025 and were signed by:





G J Billson - Director


Iocea.com Limited (Registered number: 04027516)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Iocea.com Limited 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.

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 costs.

Patents and licences
Patents and licences are measured at cost and are not being amortised.

Research and development
Research and development costs are measured on the basis of time spent and resources expended. Research and development is recognised as an expense when it is incurred, with the exception of expenditure relating to development projects which are expected to generate future economic benefits where the expenditure is capitalised. Capitalised research and development is written off over the expected economic return of the assets to which it relates. The rates applied are straight line over 10 years for years prior to 2014 and straight line over 15 years for the 2015 year onwards.

Amortisation is not provided for until the project goes live.

Development projects are reviewed on an annual basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

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.

Iocea.com Limited (Registered number: 04027516)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 15 (2023 - 17 ) .

4. INTANGIBLE FIXED ASSETS
Patents
and Development
licences costs Totals
£    £    £   
COST
At 1 August 2023 1,043 471,840 472,883
Additions - 56,100 56,100
At 31 July 2024 1,043 527,940 528,983
AMORTISATION
At 1 August 2023 - 161,837 161,837
Amortisation for year - 23,221 23,221
At 31 July 2024 - 185,058 185,058
NET BOOK VALUE
At 31 July 2024 1,043 342,882 343,925
At 31 July 2023 1,043 310,003 311,046

Iocea.com Limited (Registered number: 04027516)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 August 2023 7,572 108,920 62,539 92,170 271,201
Additions - - 71,738 6,950 78,688
At 31 July 2024 7,572 108,920 134,277 99,120 349,889
DEPRECIATION
At 1 August 2023 7,360 107,012 15,635 90,035 220,042
Charge for year 54 283 29,516 3,547 33,400
At 31 July 2024 7,414 107,295 45,151 93,582 253,442
NET BOOK VALUE
At 31 July 2024 158 1,625 89,126 5,538 96,447
At 31 July 2023 212 1,908 46,904 2,135 51,159

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 August 2023 62,539 - 62,539
Additions 71,738 5,426 77,164
At 31 July 2024 134,277 5,426 139,703
DEPRECIATION
At 1 August 2023 15,635 - 15,635
Charge for year 29,516 904 30,420
At 31 July 2024 45,151 904 46,055
NET BOOK VALUE
At 31 July 2024 89,126 4,522 93,648
At 31 July 2023 46,904 - 46,904

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 55,281 45,420
Other debtors 216 216
Directors' current accounts 80,573 74,551
Prepayments 14,387 38,194
150,457 158,381

Iocea.com Limited (Registered number: 04027516)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 9) 28,162 11,730
Trade creditors 19,429 35,398
Company credit card 1,036 387
Corporation tax 19,069 21,344
Social security and other taxes 6,694 7,770
VAT 49,396 50,864
Pension creditor - 1,663
Accruals and deferred income 113,040 98,036
236,826 227,192

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Hire purchase contracts (see note 9) 75,276 41,056

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
31.7.24 31.7.23
£    £   
Net obligations repayable:
Within one year 28,162 11,730
Between one and five years 75,276 41,056
103,438 52,786

Non-cancellable operating leases
31.7.24 31.7.23
£    £   
Within one year 18,000 18,000
Between one and five years 34,500 52,500
52,500 70,500

10. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Hire purchase contracts 103,438 52,786

Iocea.com Limited (Registered number: 04027516)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 18,056 10,231

Deferred
tax
£   
Balance at 1 August 2023 10,231
Provided during year 7,825
Balance at 31 July 2024 18,056

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 August 2023 408,024 1,000 409,024
Profit for the year 113,163 113,163
Dividends (93,640 ) (93,640 )
At 31 July 2024 427,547 1,000 428,547

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
G J Billson
Balance outstanding at start of year - -
Amounts advanced 80,573 74,551
Amounts repaid - (74,551 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 80,573 -

The above loan was repaid in full on 28th February 2025.