Company Registration No. 09704795 (England and Wales)
IIOT Limited
Unaudited accounts
for the year ended 31 January 2022
IIOT Limited
Unaudited accounts
Contents
IIOT Limited
Company Information
for the year ended 31 January 2022
Directors
David Marshall
Minesh Shah
Martin Hutchinson
James Heselden
Company Number
09704795 (England and Wales)
Registered Office
The Stables
Caswell Science Park
Towcester
Northants
NN12 8EQ
Accountants
Tom McDonald Accounting Services
73 Irchester Road
Rushden
Northants
NN10 9XG
IIOT Limited
Statement of financial position
as at 31 January 2022
Cash at bank and in hand
67,332
123,923
Creditors: amounts falling due within one year
(87,660)
(108,769)
Net current assets
66,170
59,315
Called up share capital
200
200
Profit and loss account
65,970
59,115
Shareholders' funds
66,170
59,315
For the year ending 31 January 2022 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 23 September 2022 and were signed on its behalf by
David Marshall
Director
Company Registration No. 09704795
IIOT Limited
Notes to the Accounts
for the year ended 31 January 2022
IIOT Limited is a private company, limited by shares, registered in England and Wales, registration number 09704795. The registered office is The Stables, Caswell Science Park, Towcester, Northants, NN12 8EQ.
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.
4
Debtors: amounts falling due within one year
2022
2021
Other debtors
86,498
44,161
5
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
17,369
34,034
Deferred income
58,624
73,935
Allotted, called up and fully paid:
1,000 Ordinary shares of £0.10 each
100
100
1,000 Ordinry "A" shares of £0.10 each
100
100
IIOT Limited
Notes to the Accounts
for the year ended 31 January 2022
7
Transactions with related parties
The majority of the company's shareholders and directors are the same as for another company, Web Control Limited, company registration number 04118558. During the year, IIOT charged £348,747 net of VAT to Web Control (20121 £208,651) and IIOT was charged £250,866 net of VAT by Web Control (2021 £76212). At the balance sheet date, IIOT is owed £86,298 by Web Control (2021creditor £43,962).
8
Average number of employees
During the year the average number of employees was 0 (2021: 0).