IGO LIFE Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 14920625

		30 June 2025		30 June 2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		42,519		4,342

			42,519		4,342
CURRENT ASSETS
Stocks	5	342,236		13,868
Debtors	6	968,959		286,088
Cash at bank and in hand		3,191		60,029

		1,314,386		359,985
Creditors: Amounts Falling Due Within One Year	7	(814,047 )		(37,301 )

NET CURRENT ASSETS (LIABILITIES)			500,339		322,684

TOTAL ASSETS LESS CURRENT LIABILITIES			542,858		327,026

Creditors: Amounts Falling Due After More Than One Year	8		(756,948 )		(519,634 )

NET LIABILITIES			(214,090 )		(192,608 )

CAPITAL AND RESERVES
Called up share capital	10		3,000		3,000
Profit and Loss Account			(217,090 )		(195,608 )

SHAREHOLDERS' FUNDS			(214,090)		(192,608)

Page 1

Page 2

IGO LIFE Limited

Balance Sheet (continued)

As At 30 June 2025

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr W Buxton

Director

23 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

IGO LIFE Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14920625 . The registered office and principal place of business is Unit 3 Platform Business Park, Bert Smith Way, Market Drayton, TF9 3GY.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

2.2. Going Concern Disclosure

The Directors have reviewed the financial statements and are pleased with the strong growth achieved during the year. Although the Company has net liabilities at the reporting date, a substantial proportion of these relate to amounts due to the Directors. The Directors remain fully supportive of the business and are confident in the Company’s ongoing operations and future prospects. Accordingly, the financial statements have been prepared on a going concern basis.

2.3. Turnover

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 rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. Turnover principally consists of the wholesale of mobile phones.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

2.4. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Motor Vehicles	20% - Reducing Balance
Fixtures & Fittings	33% - Straight Line
Computer Equipment	33% - Straight Line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

2.5. Leasing and Hire Purchase Contracts

Leases - as lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease.

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as opoerating leases.

2.6. Stocks and Work in Progress

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell and comprises of direct costs.

2.7. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

Page 3

Page 4

IGO LIFE Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

2.8. Trade and other debtors

Trade and other debtors are initially recognised at fair value and therefore stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except for where the effect of discounting would be considered immaterial, in which case they are stated at cost less impairment losses for bad and doubtful debts.

2.9. Trade and other creditors

Trade and other creditors are initially recognised at fair value and therefore stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

2.10. Cash and cash equivalents

Cash and cash equivalents comprise of cash at bank and in hand. Bank borrowings are included within creditors.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 7 (2024: 5)

4. Tangible Assets

	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£
Cost
As at 1 July 2024	1,423	4,649	-	6,072
Additions	12,449	44,875	390	57,714
Transfers	(1,423 )	-	1,423	-

As at 30 June 2025	12,449	49,524	1,813	63,786

Depreciation
As at 1 July 2024	426	1,304	-	1,730
Provided during the period	2,490	16,508	539	19,537
Transfers	(426 )	-	426	-

As at 30 June 2025	2,490	17,812	965	21,267

Net Book Value
As at 30 June 2025	9,959	31,712	848	42,519

As at 1 July 2024	997	3,345	-	4,342

5. Stocks

	30 June 2025	30 June 2024
	£	£
Stocks	342,236	13,868

6. Debtors

	30 June 2025	30 June 2024
	£	£
Due within one year
Trade debtors	946,141	278,142
Other debtors	22,818	7,946

	968,959	286,088

Page 4

Page 5

IGO LIFE Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 June 2025

7. Creditors: Amounts Falling Due Within One Year

	30 June 2025	30 June 2024
	£	£
Trade creditors	40,609	15,142
Other taxes and social security	10,081	4,669
VAT	11,834	15,935
Other creditors	3,576	201
Invoice discounting facility	747,947	-
Accruals and deferred income	-	1,354

	814,047	37,301

8. Creditors: Amounts Falling Due After More Than One Year

	30 June 2025	30 June 2024
	£	£
Directors loans	459,260	249,000
Directors loan notes	297,688	270,634

	756,948	519,634

9. Secured Creditors

Included within creditors due within one year, is an RBS invoice discounting facility which is secured by way of a fixed charge over the book debts of the company.

Included within creditors over one year, are loan notes from Directors which contain fixed and floating charges over all assets of the company ranking behind the RBS charge in respect of book debts.

10. Share Capital

	30 June 2025	30 June 2024
Allotted, called up and fully paid	£	£
1,000 Ordinary A shares of £ 1.00 each	1,000	1,000
2,000 Ordinary B shares of £ 1.00 each	2,000	2,000

	3,000	3,000

11. Ultimate Controlling Party

The company's ultimate controlling party is Mr A Ford by virtue of his majority ownership of the issued share capital in the company.

Page 5