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REGISTERED NUMBER: 04393394 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

INTEGRATED OPEN NETWORK SYSTEMS LIMITED

INTEGRATED OPEN NETWORK SYSTEMS LIMITED (REGISTERED NUMBER: 04393394)






CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


INTEGRATED OPEN NETWORK SYSTEMS LIMITED

COMPANY INFORMATION
For The Year Ended 31 March 2023







DIRECTORS: P A Dean
Miss V Ho
M E Sheperia
M Finlay



SECRETARY: Miss V Ho



REGISTERED OFFICE: 1 Carnegie Road
Newbury
Berkshire
RG14 5DJ



REGISTERED NUMBER: 04393394 (England and Wales)



ACCOUNTANTS: Banks & Co Limited
Chartered Certified Accountants
1 Carnegie Road
Newbury
Berkshire
RG14 5DJ



BANKERS: HSBC
6 Northbrook Street
Newbury
Berkshire
RG14 1DJ

INTEGRATED OPEN NETWORK SYSTEMS LIMITED (REGISTERED NUMBER: 04393394)

ABRIDGED BALANCE SHEET
31 March 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 8,296 11,819

CURRENT ASSETS
Stocks 20,105 8,664
Debtors 86,653 65,606
Cash at bank 94,521 108,878
201,279 183,148
CREDITORS
Amounts falling due within one year 113,166 97,665
NET CURRENT ASSETS 88,113 85,483
TOTAL ASSETS LESS CURRENT
LIABILITIES

96,409

97,302

CREDITORS
Amounts falling due after more than one
year

(6,219

)

(6,038

)

PROVISIONS FOR LIABILITIES (1,497 ) (2,149 )
NET ASSETS 88,693 89,115

CAPITAL AND RESERVES
Called up share capital 6 100 100
Capital redemption reserve 7 1 1
Retained earnings 7 88,592 89,014
SHAREHOLDERS' FUNDS 88,693 89,115

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INTEGRATED OPEN NETWORK SYSTEMS LIMITED (REGISTERED NUMBER: 04393394)

ABRIDGED BALANCE SHEET - continued
31 March 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 September 2023 and were signed on its behalf by:





M Finlay - Director


INTEGRATED OPEN NETWORK SYSTEMS LIMITED (REGISTERED NUMBER: 04393394)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 31 March 2023

1. STATUTORY INFORMATION

Integrated Open Network Systems Limited is a private company, limited by shares, registered in
England and Wales. The company's registered number is 04393394 and the registered office address
is 1 Carnegie Road, Newbury, Berkshire, RG14 5DJ.

The presentation currency of the financial statements is GB Pounds Sterling.

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 - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost based on date of purchase

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

INTEGRATED OPEN NETWORK SYSTEMS LIMITED (REGISTERED NUMBER: 04393394)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Interest free loan
Interest free loans are disclosed at present value.

Present value is calculated by discounting the initial cost by the market rate prevalent during the period over the full term of the agreement.

The reduction of cost is included within retained earnings as a distribution arising from interest free loans.

Any interest in relation to the loan is calculated at market rate and recognised in the profit and loss account in the accounting period in which it falls due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 7 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2022 69,247
Additions 2,869
At 31 March 2023 72,116
DEPRECIATION
At 1 April 2022 57,428
Charge for year 6,392
At 31 March 2023 63,820
NET BOOK VALUE
At 31 March 2023 8,296
At 31 March 2022 11,819

5. LEASING AGREEMENTS

The total commitment under operating leases is £68,341 (2022: £1,320).

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

INTEGRATED OPEN NETWORK SYSTEMS LIMITED (REGISTERED NUMBER: 04393394)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 31 March 2023

7. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 April 2022 89,014 1 89,015
Deficit for the year (422 ) (422 )
At 31 March 2023 88,592 1 88,593

Included within reserves is a total of £781 (2022 - £962) which is not distributable.

8. PENSION COMMITMENTS

The company runs a defined contributions pension scheme, the contributions to which are held in a separately administered fund. During the year the company made contributions of £4,147 (2022 - £2,227) to the fund. An amount of £933 (2022 - £875) was due to the fund at the year end.

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 March 2023 and 31 March 2022:

2023 2022
£    £   
P A Dean
Balance outstanding at start of year 123 123
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 123 123

M E Sheperia
Balance outstanding at start of year 106 (1,363 )
Amounts advanced - 2,069
Amounts repaid - (600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 106 106

M Finlay
Balance outstanding at start of year 17 31
Amounts advanced - 586
Amounts repaid - (600 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 17 17