Company Registration No. 09045462 (England and Wales)
IOT Hub Limited
Unaudited accounts
for the period from 30 December 2018 to 25 December 2019
IOT Hub Limited
Unaudited accounts
Contents
IOT Hub Limited
Company Information
for the period from 30 December 2018 to 25 December 2019
Director
Andrew Paul Mitchell
Secretary
Andrew Paul Mitchel
Company Number
09045462 (England and Wales)
Registered Office
C/O Pm+M Greenbank Technology Park
Challenge Way
Blackburn
Lancashire
BB1 5QB
Accountants
Batesons Management Services Ltd
2 Statham Court
Statham Street
Macclesfield
Cheshire
SK11 6XN
IOT Hub Limited
Statement of financial position
as at 25 December 2019
Cash at bank and in hand
3,186
9
Creditors: amounts falling due within one year
(959)
(2,700)
Net current assets
21,823
23,001
Total assets less current liabilities
27,728
29,132
Creditors: amounts falling due after more than one year
(40,784)
(67,995)
Net liabilities
(13,056)
(38,863)
Called up share capital
120
120
Profit and loss account
(13,176)
(38,983)
Shareholders' funds
(13,056)
(38,863)
For the period ending 25 December 2019 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 director acknowledges his 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 and authorised for issue on 24 March 2021 and were signed on its behalf by
Andrew Paul Mitchell
Director
Company Registration No. 09045462
IOT Hub Limited
Notes to the Accounts
for the period from 30 December 2018 to 25 December 2019
IOT Hub Limited is a private company, limited by shares, registered in England and Wales, registration number 09045462. The registered office is C/O Pm+M Greenbank Technology Park, Challenge Way, Blackburn, Lancashire, BB1 5QB .
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 period, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Straightline Basis
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
IOT Hub Limited
Notes to the Accounts
for the period from 30 December 2018 to 25 December 2019
4
Intangible fixed assets
Other
At 30 December 2018
17,342
At 30 December 2018
17,342
5
Tangible fixed assets
Plant & machinery
6
Investments
Other investments
Valuation at 30 December 2018
5,000
Valuation at 25 December 2019
5,000
Trade debtors
15,000
23,913
Deferred tax asset
3,095
545
Total debtors less than one year
16,501
25,147
Total debtors
19,596
25,692
IOT Hub Limited
Notes to the Accounts
for the period from 30 December 2018 to 25 December 2019
8
Creditors: amounts falling due within one year
2019
2018
Taxes and social security
1
-
9
Creditors: amounts falling due after more than one year
2019
2018
Loans from directors
40,784
67,995
10
Deferred taxation
2019
2018
Accelerated capital allowances
172
215
Tax losses carried forward
(3,267)
(760)
Provision at start of period
(545)
-
Credited to the profit and loss account
(2,550)
(545)
Provision at end of period
(3,095)
(545)
Allotted, called up and fully paid:
120 Ordinary shares of £1 each
120
120
12
Average number of employees
During the period the average number of employees was 0 (2018: 0).
