REGISTERED NUMBER: 04537418 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

IAG TECHNOLOGY LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M Terzino

Mr G R Wade

SECRETARY:

Mr G R Wade

REGISTERED OFFICE:

Unit 4 Leaches Farm Business Centre

Bicester Road

Aylesbury

Buckinghamshire

HP18 0RF

REGISTERED NUMBER:

04537418 (England and Wales)

ACCOUNTANTS:

Bronsens

Chartered Certified Accountants

Hillside

Albion Street

Chipping Norton

Oxfordshire

OX7 5BH

FIXED ASSETS

Intangible assets

4

6,376

12,752

Tangible assets

5

40,302

50,574

46,678

63,326

CURRENT ASSETS

Stocks

72,608

90,498

Debtors

6

190,091

80,602

Cash at bank

12,256

58,915

274,955

230,015

CREDITORS

Amounts falling due within one year

7

224,249

212,728

NET CURRENT ASSETS

50,706

17,287

TOTAL ASSETS LESS CURRENT LIABILITIES

97,384

80,613

PROVISIONS FOR LIABILITIES

8

9,193

11,834

NET ASSETS

88,191

68,779

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

88,091

68,679

SHAREHOLDERS' FUNDS

88,191

68,779

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 23 September 2025 and were signed on its behalf by:

Mr G R Wade - Director

1.	STATUTORY INFORMATION

Iag Technology 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 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 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.

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

Fixtures and fittings

-

25% on cost

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on cost

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 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.

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 9 (2024 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Development

costs

£

COST

At 1 April 2024

and 31 March 2025

31,880

AMORTISATION

At 1 April 2024

19,128

Amortisation for year

6,376

At 31 March 2025

25,504

NET BOOK VALUE

At 31 March 2025

6,376

At 31 March 2024

12,752

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 April 2024

6,575

24,484

92,196

20,459

143,714

Additions

2,604

-

-

1,832

4,436

Disposals

-

(21,500

)

-

-

(21,500

)

At 31 March 2025

9,179

2,984

92,196

22,291

126,650

DEPRECIATION

At 1 April 2024

5,176

22,976

45,128

19,860

93,140

Charge for year

1,143

746

11,762

1,057

14,708

Eliminated on disposal

-

(21,500

)

-

-

(21,500

)

At 31 March 2025

6,319

2,222

56,890

20,917

86,348

NET BOOK VALUE

At 31 March 2025

2,860

762

35,306

1,374

40,302

At 31 March 2024

1,399

1,508

47,068

599

50,574

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

183,019

70,640

Other debtors

6,737

5,996

Prepayments

335

3,966

190,091

80,602

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

51,235

71,460

Tax

22,883

29,707

Social security and other taxes

5,664

5,316

Pension creditor

1,183

1,120

VAT

38,752

8,633

Proposed dividends

51,000

40,000

Other creditors

7,490

3,202

Directors' current accounts

31,955

39,407

Deferred income

10,242

9,833

Accrued expenses

3,845

4,050

224,249

212,728

8.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

Accelerated capital allowances

9,193

11,834

Deferred

tax

£

Balance at 1 April 2024

11,834

Provided during year

(2,641

)

Balance at 31 March 2025

9,193

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

100

Ordinary

£1

100

100