REGISTERED NUMBER: 05112523 (Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

IAQ Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J B Jones

Mr I W Roberts

SECRETARY:

Mr J B Jones

REGISTERED OFFICE:

Unit 34

Cibyn Industrial Estate

Caernarfon

LL55 2BD

REGISTERED NUMBER:

05112523 (Wales)

ACCOUNTANTS:

Emyr Mortimer Cyf

4 Lower Cardiff Road

Pwllheli

Gwynedd

LL53 5BY

FIXED ASSETS

Tangible assets

4

213,496

257,155

CURRENT ASSETS

Stocks

17,000

20,000

Debtors

5

120,056

155,088

Cash at bank and in hand

434,221

290,301

571,277

465,389

CREDITORS

Amounts falling due within one year

6

149,175

137,428

NET CURRENT ASSETS

422,102

327,961

TOTAL ASSETS LESS CURRENT LIABILITIES

635,598

585,116

CREDITORS

Amounts falling due after more than one year

7

(7,500

)

(10,000

)

PROVISIONS FOR LIABILITIES

8

(18,824

)

(18,899

)

NET ASSETS

609,274

556,217

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

609,174

556,117

609,274

556,217

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 28 July 2026 and were signed on its behalf by:

Mr J B Jones - Director

1.	STATUTORY INFORMATION

IAQ Limited is a private company, limited by shares , registered in 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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 11 (2024 - 10 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

567,498

Additions

12,000

Disposals

(10,990

)

At 31 October 2025

568,508

DEPRECIATION

At 1 November 2024

310,343

Charge for year

51,514

Eliminated on disposal

(6,845

)

At 31 October 2025

355,012

NET BOOK VALUE

At 31 October 2025

213,496

At 31 October 2024

257,155

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade debtors

101,774

136,806

Other debtors

18,282

18,282

120,056

155,088

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.10.25

31.10.24

£

£

Trade creditors

34,179

44,495

Taxation and social security

72,619

52,539

Other creditors

42,377

40,394

149,175

137,428

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.10.25

31.10.24

£

£

Other creditors

7,500

10,000

8.	PROVISIONS FOR LIABILITIES

31.10.25

31.10.24

£

£

Deferred tax

18,824

18,899

Deferred

tax

£

Balance at 1 November 2024

18,899

Credit to Income Statement during year

(75

)

Balance at 31 October 2025

18,824

9.	RELATED PARTY DISCLOSURES

£18,881.80 of 'Other creditors' relates to a loan received from PPM Technology Limited. The director is also a director of this company. During the year the company paid a sum of £10,000 to one of the directors for consultancy work.