REGISTERED NUMBER: 03949410 (England and Wales)

Financial Statements

for the Year Ended 31 March 2025

for

Ivojo Multimedia Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr K.R. Davies

Mrs D. S. Davies

SECRETARY:

Ms D S Davies

REGISTERED OFFICE:

Newton Cross

Hayscastle

HAVERFORDWEST

Pembrokeshire

SA62 5HS

REGISTERED NUMBER:

03949410 (England and Wales)

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

3,130

4,883

3,130

4,883

CURRENT ASSETS

Stocks

6

500

500

Cash at bank and in hand

131,189

115,629

131,689

116,129

CREDITORS

Amounts falling due within one year

7

73,967

57,482

NET CURRENT ASSETS

57,722

58,647

TOTAL ASSETS LESS CURRENT LIABILITIES

60,852

63,530

CREDITORS

Amounts falling due after more than one year

8

(4,700

)

(5,500

)

PROVISIONS FOR LIABILITIES

(595

)

(926

)

NET ASSETS

55,557

57,104

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

54,557

56,104

SHAREHOLDERS' FUNDS

55,557

57,104

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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 September 2025 and were signed on its behalf by:

Mr K.R. Davies - Director

1.	STATUTORY INFORMATION

Ivojo Multimedia 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.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2000, is being amortised evenly over its estimated useful life of ten years.

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.

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

-

15% on cost

Computer equipment

-

50% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2024

and 31 March 2025

7,000

AMORTISATION

At 1 April 2024

and 31 March 2025

7,000

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 April 2024

31,923

232

123,038

155,193

Additions

-

-

1,083

1,083

At 31 March 2025

31,923

232

124,121

156,276

DEPRECIATION

At 1 April 2024

31,333

79

118,898

150,310

Charge for year

190

35

2,611

2,836

At 31 March 2025

31,523

114

121,509

153,146

NET BOOK VALUE

At 31 March 2025

400

118

2,612

3,130

At 31 March 2024

590

153

4,140

4,883

6.

STOCKS

31.3.25

31.3.24

£

£

Stocks

500

500

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

1,000

1,200

Trade creditors

36,731

21,735

Tax

5,225

2,947

VAT

8,061

1,307

Directors' current accounts

21,522

28,865

Accruals and deferred income

1,428

1,428

73,967

57,482

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

4,700

4,800

Bank loans more 5 yr by instal

-

700

4,700

5,500

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

700

9.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2025 and 31 March 2024:

31.3.25

31.3.24

£

£

Mr K.R. Davies and Mrs D. S. Davies

Balance outstanding at start of year

(28,865

)

(23,673

)

Amounts advanced

34,930

21,470

Amounts repaid

(27,587

)

(26,662

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(21,522

)

(28,865

)

10.	RELATED PARTY DISCLOSURES

During the year, total dividends of £22,400 (2024 - £20,000) were paid to the directors .