Company registration number: 05079414
Unaudited financial statements
for the year ended 31 March 2025
for
Iaconnects Technology Limited
Pages for filing with the Registrar
Company registration number: 05079414
Iaconnects Technology Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Intangible assets 4 11,602 12,967
Tangible assets 5 8,787 9,440
20,389 22,407
Current assets
Stocks 134,575 183,423
Debtors 289,690 191,813
Cash at bank and in hand 59,432 86,152
483,697 461,388
Creditors: amounts falling due within one
year 		(579,880) (393,351)
Net current (liabilities)/assets (96,183) 68,037
Total assets less current liabilities (75,794) 90,444
Creditors: Amounts falling due after more
than one year 		(13,398) (23,239)
NET (LIABILITIES)/ASSETS (89,192) 67,205
Capital and reserves
Called up share capital 60,000 60,000
Profit and loss account (149,192) 7,205
TOTAL EQUITY (89,192) 67,205
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
1
Company registration number: 05079414
Iaconnects Technology Limited
Balance sheet - continued
as at 31 March 2025
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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr S Hayes, Director
29 December 2025
2
Iaconnects Technology Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Iaconnects Technology Limited is a private company registered in England and Wales. Its registered number is 05079414. The company is limited by shares. Its registered office is Chiltern House Business Centre Ltd, Chiltern House, Henley-on-Thames, Oxfordshire, RG9 1AT.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
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.
Amortisation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Website - 10% straight line
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Fixtures & fittings - 20-50% straight line on cost
Motor vehicles - 20% straight line
Computer equipment - 20-50% straight line on cost
3
Iaconnects Technology Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
Foreign currencies
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 of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.
Retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit and loss in the period to which they relate.
3 Average number of employees
During the year the average number of employees was 7 (2024 - 5).
4 Intangible assets
Other
intangible
assets
£
Cost
At 1 April 2024 13,650
At 31 March 2025 13,650
Amortisation
At 1 April 2024 683
Charge for year 1,365
At 31 March 2025 2,048
Net book value
At 31 March 2025 11,602
At 31 March 2024 12,967
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Iaconnects Technology Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Intangible assets - continued
Revalued assets
In accordance with FRS 102, the company has reviewed the carrying amount of its intangible assets for impairment and revaluation. As at the year-end, the directors have concluded that no revaluation of intangible assets was required, as there have been no material changes in the fair value of the assets and no indications of impairment. Therefore, the intangible assets have been carried at their original cost less accumulated amortisation and any impairment losses.
5 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 113,521
Additions 3,867
At 31 March 2025 117,388
Depreciation
At 1 April 2024 104,081
Charge for year 4,520
At 31 March 2025 108,601
Net book value
At 31 March 2025 8,787
At 31 March 2024 9,440
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