Company Registration No. 05269987 (England and Wales)
iO1 Limited
Unaudited accounts
for the year ended 31 October 2025
iO1 Limited
Unaudited accounts
Contents
iO1 Limited
Company Information
for the year ended 31 October 2025
Directors
J F Galvin
J Russell
Company Number
05269987 (England and Wales)
Registered Office
First Floor
129 High Street
Guildford
Surrey
GU1 3AA
United Kingdom
iO1 Limited
Statement of financial position
as at 31 October 2025
Intangible assets
150,248
104,985
Cash at bank and in hand
374,680
408,298
Creditors: amounts falling due within one year
(13,146)
-
Net current assets
943,690
947,649
Net assets
1,093,938
1,052,634
Called up share capital
100
100
Profit and loss account
1,093,838
1,052,534
Shareholders' funds
1,093,938
1,052,634
For the year ending 31 October 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2026 and were signed on its behalf by
J F Galvin
Director
Company Registration No. 05269987
iO1 Limited
Notes to the Accounts
for the year ended 31 October 2025
iO1 Limited is a private company, limited by shares, registered in England and Wales, registration number 05269987. The registered office is First Floor, 129 High Street, Guildford, Surrey, GU1 3AA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
iO1 Limited
Notes to the Accounts
for the year ended 31 October 2025
Intangible fixed assets (with the exception of cryptocurrencies) are included at cost less accumulated amortisation.
Cryptocurrencies are held as intangible fixed assets and carried at fair value which is determined annually based on market rates. Changes in fair value are recognised in profit or loss.
Judgements in applying accounting policies and key sources of estimation uncertainty
The preparation of financial statements in compliance with FRS 102 Section 1A requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies. In preparing these financial statements, the directors have made the following judgements:
Determine whether there are indicators of impairment of the company's intangible fixed assets. Factors taken into consideration in reaching such a decision include the economic viability and expected future financial performance of the asset and where it is a component of a larger cash-generating unit, the viability and expected future performance of that unit.
4
Intangible fixed assets
Other
At 1 November 2024
104,985
At 31 October 2025
150,248
At 31 October 2025
150,248
At 31 October 2024
104,985
Amounts falling due within one year
Other debtors
52,096
39,261
Amounts falling due after more than one year
Amounts due from group undertakings etc.
530,000
500,000
Amounts due after more than one year
530,000
500,000
6
Creditors: amounts falling due within one year
2025
2024
Taxes and social security
13,146
-
iO1 Limited
Notes to the Accounts
for the year ended 31 October 2025
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's loan
39,262
-
312
38,950
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Transactions with related parties
As at the year end an amount of £500,000 (2024 - £500,000) was owed by Invotra Shared Services Limited, and an amount of £30,000 (2024 - nil) was owed by Inv Group Holdings Limited, both connected companies. Of these balances £530,000 (2024 - £500,000) is due after one year.
9
Average number of employees
During the year the average number of employees was 2 (2024: 2).