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ILO LIMITED

Registered Number
13225608
(England and Wales)

Unaudited Financial Statements for the Year ended
28 February 2025

ILO LIMITED
Company Information
for the year from 1 March 2024 to 28 February 2025

Director

LLANO-BUITRAGO, Violeta

Registered Address

68 Richmond Street
Bristol
BS3 4TJ

Registered Number

13225608 (England and Wales)
ILO LIMITED
Balance Sheet as at
28 February 2025

Notes

2025

2024

£

£

£

£

Fixed assets
Tangible assets32,2972,621
2,2972,621
Current assets
Stocks413,70812,529
Debtors2,0494,387
Cash at bank and on hand1,9221,563
17,67918,479
Creditors amounts falling due within one year5(2,576)(2,420)
Net current assets (liabilities)15,10316,059
Total assets less current liabilities17,40018,680
Creditors amounts falling due after one year6(1,805)(5,132)
Net assets15,59513,548
Capital and reserves
Called up share capital11
Profit and loss account15,59413,547
Shareholders' funds15,59513,548
The financial statements were approved and authorised for issue by the Director on 20 August 2025, and are signed on its behalf by:
LLANO-BUITRAGO, Violeta
Director
Registered Company No. 13225608
ILO LIMITED
Notes to the Financial Statements
for the year ended 28 February 2025

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Going concern
After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Interest income
Interest income is recognised using the effective interest rate method.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Fixtures and fittings20-
Office Equipment-4
Stocks and work in progress
Inventories are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20252024
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Fixtures & fittings

Office Equipment

Total

££££
Cost or valuation
At 01 March 241,0752,4239394,437
Additions-303-303
At 28 February 251,0752,7269394,740
Depreciation and impairment
At 01 March 242958606611,816
Charge for year126317184627
At 28 February 254211,1778452,443
Net book value
At 28 February 256541,549942,297
At 29 February 247801,5632782,621
4.Stocks
2025 Feb 28th stocktake: Consumables (packaging etc) £89.49 Inventory (stock on hand) £5,427 Raw materials (fabric etc) £7,808.10 but in the basement floods £2000 were lost. Sale or return stock (stock held in shops etc) £2,383

2025

2024

££
Raw materials and consumables5,8986,312
Finished goods7,8106,217
Total13,70812,529
5.Creditors: amounts due within one year

2025

2024

££
Trade creditors / trade payables654473
Bank borrowings and overdrafts59-
Taxation and social security1,7291,897
Other creditors35-
Accrued liabilities and deferred income9950
Total2,5762,420
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6.Creditors: amounts due after one year

2025

2024

££
Bank borrowings and overdrafts1,8052,850
Other creditors-2,282
Total1,8055,132