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REGISTERED NUMBER: 03352708 (England and Wales)







Unaudited Financial Statements

for the Period

1 February 2024 to 31 July 2024

for

Ioda Limited

Ioda Limited (Registered number: 03352708)






Contents of the Financial Statements
for the Period 1 February 2024 to 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ioda Limited (Registered number: 03352708)

Balance Sheet
31 July 2024

2024 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 9,230 10,108

CURRENT ASSETS
Debtors 5 698,779 558,666
Cash at bank and in hand 28,562 953
727,341 559,619
CREDITORS
Amounts falling due within one year 6 470,569 360,144
NET CURRENT ASSETS 256,772 199,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,002

209,583

CREDITORS
Amounts falling due after more than one
year

7

(25,591

)

(27,960

)

PROVISIONS FOR LIABILITIES (1,800 ) (1,780 )
NET ASSETS 238,611 179,843

CAPITAL AND RESERVES
Called up share capital 10 500 500
Capital redemption reserve 500 500
Retained earnings 237,611 178,843
SHAREHOLDERS' FUNDS 238,611 179,843

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

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

Ioda Limited (Registered number: 03352708)

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 Profit and Loss Account 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:




J P Fitchew - Director



J Bygrave - Director


Ioda Limited (Registered number: 03352708)

Notes to the Financial Statements
for the Period 1 February 2024 to 31 July 2024

1. STATUTORY INFORMATION

Ioda Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03352708

Registered office: 25 Water Lane
First Floor
Wilmslow
Cheshire
SK9 5AR

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 UK and Republic of Ireland" and the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS102 have been applied other than where additional disclosure is required to give a true and fair view.

The financial statements have been prepared under the historical cost convention.

Turnover
Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the balance sheet date turnover represents the fair value of the service provided to date based on the stage of completion and the contract activity at the balance sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
Tangible fixed assets are stated at purchase cost together with any incidental expenses of acquisition, net of depreciation and any provision for impairment.

Depreciation is provided on all tangible assets, at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life as follows:

Fixtures and fittings-15% on reducing balance and 15% on cost
Motor vehicles-25% on reducing balance
Office equipment -33% on cost, 33% on reducing balance, 25% on reducing balance,
25% on cost and 50% on cost

Residual value represents the estimated amount which would currently be obtained from disposal of an asset after deducting estimated costs of disposal, if the asset were already at an age and in the condition expected at the end of its estimated useful life.

The gain or loss arising on disposal of an asset is determined on the difference between the sale proceeds and the carrying value of the asset, and is recognised in the profit and loss account.


Ioda Limited (Registered number: 03352708)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 July 2024

2. ACCOUNTING POLICIES - continued
Taxation
Current tax, including UK corporation tax is provided at amounts expected to be paid (or recovered) using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay less tax in the future have occurred at the balance sheet date. Timing differences are differences between the company's taxable profits and its results as stated in the financial statements that arise from the inclusion of gains and losses in tax assessments in periods different from those in which they are recognised in the financial statements.

Leasing Commitments
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Pension costs
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.

Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense.

Where material, the cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.

Financial instruments
Financial assets and financial liabilities are recognised when the company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

All financial assets and liabilities are initially measured at transaction price (including transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

The following assets and liabilities are classified as basic financial instruments - trade debtors, other debtors, cash and bank balances, trade creditors, other creditors and bank loans.

Trade debtors, other debtors, cash and bank balances, trade creditors and other creditors are measured at the amortised cost equivalent to the undiscounted amount of cash or other consideration expected to be paid or received.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest and subsequently measured at amortised cost using the effective interest method.

Ioda Limited (Registered number: 03352708)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 July 2024

2. ACCOUNTING POLICIES - continued

Impairment of assets
Assets are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit and loss as described below.

Non financial assets
An asset is impaired when there is objective evidence that, as a result of one or more events that occurred after initial recognition, the estimated recoverable value of the asset has been reduced. The recoverable amount of an asset is the higher of its fair value less costs to sell and its value in use.

Financial assets
For financial assets carried at cost less impairment, the impairment loss is the difference between the asset's carrying amount and the best estimate of the amount that would be received for the asset if it were sold at the reporting date.

Where indicators exist for a decrease in impairment loss, and the decrease can be related objectively to an event occurring after the impairment was recognised, the prior impairment loss is tested to determine reversal. An impairment loss is reversed on an individual impaired financial asset to the extent that the revised recoverable value does not lead to a revised carrying amount higher than the carrying value had impairment not been recognised.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 16 (2024 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 February 2024 63,510
Additions 1,445
At 31 July 2024 64,955
DEPRECIATION
At 1 February 2024 53,402
Charge for period 2,323
At 31 July 2024 55,725
NET BOOK VALUE
At 31 July 2024 9,230
At 31 January 2024 10,108

Ioda Limited (Registered number: 03352708)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Trade debtors 175,677 143,254
Other debtors 523,102 415,412
698,779 558,666

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2024
£    £   
Bank loans and overdrafts 4,454 7,392
Trade creditors 50,457 88,326
Taxation and social security 177,391 171,654
Other creditors 238,267 92,772
470,569 360,144

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2024
£    £   
Bank loans 25,591 27,960

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 6,589 10,883

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2024
£    £   
Within one year 18,467 31,722
Between one and five years - 2,638
18,467 34,360

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2024
£    £   
Bank loans 30,045 32,229

The bank loan is secured by way of a fixed and floating charge over the assets of the company.

Ioda Limited (Registered number: 03352708)

Notes to the Financial Statements - continued
for the Period 1 February 2024 to 31 July 2024

10. CALLED UP SHARE CAPITAL

2024 2024
£ £
Allotted, issued and fully paid 500 500

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the period ended 31 July 2024 and the year ended 31 January 2024:

2024 2024
£    £   
Ms S C Dale and A S Stokoe
Balance outstanding at start of period 271,656 129,870
Amounts advanced 113,461 141,786
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of period 385,117 271,656