Company No: 04334850 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	11,005		0
Tangible assets	4	11,529		23,057
		22,534		23,057
Current assets
Stocks	5	14,115		126,438
Debtors	6	50,894		339,646
Cash at bank and in hand		445,959		366,142
		510,968		832,226
Creditors: amounts falling due within one year	7	( 258,434)		( 596,806)
Net current assets		252,534		235,420
Total assets less current liabilities		275,068		258,477
Creditors: amounts falling due after more than one year	8	( 12,000)		( 59,000)
Net assets		263,068		199,477
Capital and reserves
Called-up share capital		50,002		50,002
Capital redemption reserve		2		2
Profit and loss account		213,064		149,473
Total shareholders' funds		263,068		199,477

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of IOTA Garden and Home Ltd (registered number: 04334850) were approved and authorised for issue by the Board of Directors on 24 July 2026. They were signed on its behalf by:

D L M Chessell Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

IOTA Garden and Home Ltd (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor Centenary House Peninsula Park, Rydon Lane, Exeter, EX2 7XE, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer.

Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Development costs	3 years straight line
Website costs	10 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Land and buildings	5 years straight line
Plant and machinery	3 - 4 years straight line
Vehicles	4 years straight line
Fixtures and fittings	4 years straight line

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Statement of Income and Retained Earnings as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

When some or all of the economic benefits required to settle a provision are expected to be recovered from a third party, a receivable is recognised as an asset if it is virtually certain that reimbursement will be received and the amount of the receivable can be measured reliably.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	5		7

3. Intangible assets

	Development costs		Website costs		Total
	£		£		£
Cost
At 01 January 2025	14,293		0		14,293
Additions	0		11,005		11,005
At 31 December 2025	14,293		11,005		25,298
Accumulated amortisation
At 01 January 2025	14,293		0		14,293
At 31 December 2025	14,293		0		14,293
Net book value
At 31 December 2025	0		11,005		11,005
At 31 December 2024	0		0		0

4. Tangible assets

	Land and buildings		Plant and machinery		Vehicles		Fixtures and fittings		Total
	£		£		£		£		£
Cost
At 01 January 2025	143,884		200,667		7,073		7,285		358,909
At 31 December 2025	143,884		200,667		7,073		7,285		358,909
Accumulated depreciation
At 01 January 2025	120,827		200,667		7,073		7,285		335,852
Charge for the financial year	11,528		0		0		0		11,528
At 31 December 2025	132,355		200,667		7,073		7,285		347,380
Net book value
At 31 December 2025	11,529		0		0		0		11,529
At 31 December 2024	23,057		0		0		0		23,057

5. Stocks

	2025		2024
	£		£
Stocks	14,115		126,438

6. Debtors

	2025		2024
	£		£
Trade debtors	48,542		264,228
Corporation tax	594		16,326
Other debtors	1,758		59,092
	50,894		339,646

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	48,000		49,000
Trade creditors	115,336		278,224
Accruals and deferred income	10,628		148,930
Taxation and social security	34,467		49,566
Other creditors	50,003		71,086
	258,434		596,806

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	12,000		59,000

There are no amounts included above in respect of which any security has been given by the small entity.

9. Related party transactions

Transactions with the entity's directors

	2025		2024
	£		£
Key management	1,738		48,375

The company operates from property owned by the directors at Sluice Farm, Wick St Lawrence. Capital expenditure relating to the commercial buildings used by the company is reported within the 'Land and Buildings' category in the tangible fixed assets note. A charge of £nil (2024: £nil) for service charges, maintenance and improvements to the premises is included in the accounts for the year. The directors have provided personal guarantees in respect of the company's borrowings.