IO173 LTD


2021-07-012022-06-302022-06-30false12056786IO173 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IO173 LTD

Registered Number
12056786
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2022

IO173 LTD
Company Information
for the year from 1 July 2021 to 30 June 2022

Directors

FIDDAMAN, Robert John

Registered Address

4 Vicarage Road
Teddington
TW11 8EZ

Registered Number

12056786 (England and Wales)
IO173 LTD
Balance Sheet as at
30 June 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets519,934537
19,934537
Current assets
Debtors532,709205,965
Cash at bank and on hand86,190211,779
618,899417,744
Creditors amounts falling due within one year(166,577)(204,514)
Net current assets (liabilities)452,322213,230
Total assets less current liabilities472,256213,767
Creditors amounts falling due after one year(43,333)(50,000)
Net assets428,923163,767
Capital and reserves
Called up share capital11
Profit and loss account428,922163,766
Shareholders' funds428,923163,767
  • The company was entitled to exemption from audit for this reporting period 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 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.
  • The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved and authorised for issue by the Director on 16 June 2023, and are signed on its behalf by:
FIDDAMAN, Robert John
Director
Registered Company No. 12056786
IO173 LTD
Notes to the Financial Statements
for the year ended 30 June 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings10
Vehicles4
Office Equipment4
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
4.Employee information

20222021
Average number of employees during the year65
5.Property, plant and equipment

Total

£
Cost or valuation
At 01 July 211,075
Additions23,467
At 30 June 2224,542
Depreciation and impairment
At 01 July 21537
Charge for year4,071
At 30 June 224,608
Net book value
At 30 June 2219,934
At 30 June 21537