IOGI Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 05018266 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2019

for

IOGI Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D L Sandbach

SECRETARY:

Ms L Scott-Smith

REGISTERED OFFICE:

34 Norfolk Square

Brighton

East Sussex

BN1 2PE

REGISTERED NUMBER:

05018266 (England and Wales)

ACCOUNTANTS:

Knox & Eames Chartered Accountants

The Business Centre

Greys Green Farm

Rotherfield Greys

Henley-on-Thames

Oxfordshire

RG9 4QG

FIXED ASSETS

Tangible assets

3

1,603

940

CURRENT ASSETS

Debtors

4

291

459

Cash at bank

3,772

9,212

4,063

9,671

CREDITORS

Amounts falling due within one year

5

2,790

5,181

NET CURRENT ASSETS

1,273

4,490

TOTAL ASSETS LESS CURRENT LIABILITIES

2,876

5,430

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

2,875

5,429

SHAREHOLDERS' FUNDS

2,876

5,430

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2019 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 13 October 2019 and were signed by:

D L Sandbach - Director

1.	STATUTORY INFORMATION

IOGI Limited is a private company, limited by shares , registered in England and 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.

Plant and machinery etc

-

25% on reducing balance

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.

3.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 February 2018

10,071

Additions

1,198

At 31 January 2019

11,269

DEPRECIATION

At 1 February 2018

9,131

Charge for year

535

At 31 January 2019

9,666

NET BOOK VALUE

At 31 January 2019

1,603

At 31 January 2018

940

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Other debtors

291

459

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Taxation and social security

1,110

4,581

Other creditors

1,680

600

2,790

5,181

6.	RELATED PARTY DISCLOSURES

During the year, total dividends of £8,000 (2018 - £17,160) were paid to the director .