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REGISTERED NUMBER: SC620068 (Scotland)















Unaudited Financial Statements for the Year Ended 28 February 2025

for

ILosta Ltd

ILosta Ltd (Registered number: SC620068)






Contents of the Financial Statements
for the Year Ended 28 February 2025




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


ILosta Ltd

Company Information
for the Year Ended 28 February 2025







DIRECTORS: Dr S Khayatzadeh
H Perkins





REGISTERED OFFICE: Tontine
Suite 1.05
20 Trongate
Glasgow
G1 5ES





REGISTERED NUMBER: SC620068 (Scotland)





ACCOUNTANTS: AMAS Murrison Limited
Chartered Accountants
10 Newton Terrace
Charing Cross
Glasgow
G3 7PJ

ILosta Ltd (Registered number: SC620068)

Abridged Statement of Financial Position
28 February 2025

28.2.25 29.2.24
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 9,208 10,495
Tangible assets 5 1,653 2,590
10,861 13,085

CURRENT ASSETS
Debtors 62,098 85,254
Cash at bank 179,508 8,538
241,606 93,792
CREDITORS
Amounts falling due within one year 71,360 92,685
NET CURRENT ASSETS 170,246 1,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

181,107

14,192

CREDITORS
Amounts falling due after more than one
year

36,177

49,102
NET ASSETS/(LIABILITIES) 144,930 (34,910 )

CAPITAL AND RESERVES
Called up share capital 1 1
Share premium 6 479,847 175,563
Retained earnings 6 (334,918 ) (210,474 )
144,930 (34,910 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 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.

ILosta Ltd (Registered number: SC620068)

Abridged Statement of Financial Position - continued
28 February 2025


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 28 February 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2025 and were signed on its behalf by:





Dr S Khayatzadeh - Director


ILosta Ltd (Registered number: SC620068)

Notes to the Financial Statements
for the Year Ended 28 February 2025

1. STATUTORY INFORMATION

ILosta Ltd is a private company, limited by shares , registered in Scotland. 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 (including patents and trademarks) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

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 cost
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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
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.

ILosta Ltd (Registered number: SC620068)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared using the going concern basis due to continued support of the directors, creditors and investors.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2024 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024
and 28 February 2025 12,489
AMORTISATION
At 1 March 2024 1,994
Amortisation for year 1,287
At 28 February 2025 3,281
NET BOOK VALUE

At 28 February 2025 9,208
At 29 February 2024 10,495

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 March 2024 5,439
Additions 917
At 28 February 2025 6,356
DEPRECIATION
At 1 March 2024 2,849
Charge for year 1,854
At 28 February 2025 4,703
NET BOOK VALUE
At 28 February 2025 1,653
At 29 February 2024 2,590

ILosta Ltd (Registered number: SC620068)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2025

6. RESERVES
Retained Share
earnings premium Totals
£    £    £   

At 1 March 2024 (210,474 ) 175,563 (34,911 )
Deficit for the year (124,444 ) (124,444 )
Cash share issue - 304,284 304,284
At 28 February 2025 (334,918 ) 479,847 144,929