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REGISTERED NUMBER: 14356607 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 JULY 2025

FOR

IO SPHERE LIMITED

IO SPHERE LIMITED (REGISTERED NUMBER: 14356607)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 JULY 2025










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IO SPHERE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 25 JULY 2025







DIRECTORS: O H Colin
J C Cotton





REGISTERED OFFICE: 102 Middlesex Street
London
E1 7EZ





REGISTERED NUMBER: 14356607 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
15 West Street
Brighton
East Sussex
BN1 2RL

IO SPHERE LIMITED (REGISTERED NUMBER: 14356607)

BALANCE SHEET
25 JULY 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 4 142,943 142,494
Tangible assets 5 1,897 715
144,840 143,209

CURRENT ASSETS
Debtors 6 646,537 275,731
Cash at bank 187,489 12,332
834,026 288,063
CREDITORS
Amounts falling due within one year 7 (78,913 ) (44,257 )
NET CURRENT ASSETS 755,113 243,806
TOTAL ASSETS LESS CURRENT LIABILITIES 899,953 387,015

CREDITORS
Amounts falling due after more than one year 8 - (1,324,316 )
NET ASSETS/(LIABILITIES) 899,953 (937,301 )

CAPITAL AND RESERVES
Called up share capital 863,296 111,153
Share premium 2,171,579 31,732
Retained earnings (2,134,922 ) (1,080,186 )
899,953 (937,301 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 July 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.

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 8 August 2025 and were signed on its behalf by:




O H Colin - Director



J C Cotton - Director


IO SPHERE LIMITED (REGISTERED NUMBER: 14356607)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 25 JULY 2025


1. STATUTORY INFORMATION

Io Sphere 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration.

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 losses.

Development costs are being amortised evenly over their estimated useful life of five years.

Computer software is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 20% 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2024 - 7 ) .

4. INTANGIBLE FIXED ASSETS
Development Computer
costs software Totals
£    £    £   
COST
At 26 July 2024 156,380 38,923 195,303
Additions 761 37,479 38,240
At 25 July 2025 157,141 76,402 233,543
AMORTISATION
At 26 July 2024 45,899 6,910 52,809
Amortisation for year 29,289 8,502 37,791
At 25 July 2025 75,188 15,412 90,600
NET BOOK VALUE
At 25 July 2025 81,953 60,990 142,943
At 25 July 2024 110,481 32,013 142,494

IO SPHERE LIMITED (REGISTERED NUMBER: 14356607)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 25 JULY 2025


5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 26 July 2024 1,041
Additions 1,538
At 25 July 2025 2,579
DEPRECIATION
At 26 July 2024 326
Charge for year 356
At 25 July 2025 682
NET BOOK VALUE
At 25 July 2025 1,897
At 25 July 2024 715

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 103,287 164,742
Deposits 2,927 -
Accrued income 524,038 97,160
Prepayments 16,285 13,829
646,537 275,731

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors - 14,799
Tax due on loan interest 43,169 -
Social security and other taxes 11,008 12,738
VAT 3,822 13,096
Pensions payable - 1,225
Credit card balance 16,818 -
Accrued accountancy costs 1,896 2,399
Accrued rental costs 2,200 -
78,913 44,257

The credit card balance represents the credit card balance as at year end, the credit card is mainly used for marketing, advertising and software subscription payments. The credit card balance is settled in full monthly.

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2025 2024
£    £   
Shareholder loans - 1,033,451
Directors' loan accounts - 290,865
- 1,324,316

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A J Colin.

This was by virtue of his 84% holding of the issued share capital.