2022-06-012023-05-312023-05-31false12630087ISB PAYROLL LTD2023-10-0582990iso4217:GBPxbrli:pure126300872022-06-01126300872023-05-31126300872022-06-012023-05-31126300872021-06-01126300872022-05-31126300872021-06-012022-05-3112630087bus:SmallEntities2022-06-012023-05-3112630087bus:AuditExempt-NoAccountantsReport2022-06-012023-05-3112630087bus:FullAccounts2022-06-012023-05-3112630087bus:PrivateLimitedCompanyLtd2022-06-012023-05-3112630087core:WithinOneYear2023-05-3112630087core:AfterOneYear2023-05-3112630087core:WithinOneYear2022-05-3112630087core:AfterOneYear2022-05-3112630087core:ShareCapital2023-05-3112630087core:SharePremium2023-05-3112630087core:RevaluationReserve2023-05-3112630087core:OtherReservesSubtotal2023-05-3112630087core:RetainedEarningsAccumulatedLosses2023-05-3112630087core:ShareCapital2022-05-3112630087core:SharePremium2022-05-3112630087core:RevaluationReserve2022-05-3112630087core:OtherReservesSubtotal2022-05-3112630087core:RetainedEarningsAccumulatedLosses2022-05-3112630087core:LandBuildings2023-05-3112630087core:PlantMachinery2023-05-3112630087core:Vehicles2023-05-3112630087core:FurnitureFittings2023-05-3112630087core:OfficeEquipment2023-05-3112630087core:NetGoodwill2023-05-3112630087core:IntangibleAssetsOtherThanGoodwill2023-05-3112630087core:ListedExchangeTraded2023-05-3112630087core:UnlistedNon-exchangeTraded2023-05-3112630087core:LandBuildings2022-05-3112630087core:PlantMachinery2022-05-3112630087core:Vehicles2022-05-3112630087core:FurnitureFittings2022-05-3112630087core:OfficeEquipment2022-05-3112630087core:NetGoodwill2022-05-3112630087core:IntangibleAssetsOtherThanGoodwill2022-05-3112630087core:ListedExchangeTraded2022-05-3112630087core:UnlistedNon-exchangeTraded2022-05-3112630087core:LandBuildings2022-06-012023-05-3112630087core:PlantMachinery2022-06-012023-05-3112630087core:Vehicles2022-06-012023-05-3112630087core:FurnitureFittings2022-06-012023-05-3112630087core:OfficeEquipment2022-06-012023-05-3112630087core:NetGoodwill2022-06-012023-05-3112630087core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112630087core:ListedExchangeTraded2022-06-012023-05-3112630087core:UnlistedNon-exchangeTraded2022-06-012023-05-3112630087core:MoreThanFiveYears2022-06-012023-05-3112630087core:Non-currentFinancialInstruments2023-05-3112630087core:Non-currentFinancialInstruments2022-05-3112630087dpl:CostSales2022-06-012023-05-3112630087dpl:DistributionCosts2022-06-012023-05-3112630087dpl:AdministrativeExpenses2022-06-012023-05-3112630087core:LandBuildings2022-06-012023-05-3112630087core:PlantMachinery2022-06-012023-05-3112630087core:Vehicles2022-06-012023-05-3112630087core:FurnitureFittings2022-06-012023-05-3112630087core:OfficeEquipment2022-06-012023-05-3112630087core:NetGoodwill2022-06-012023-05-3112630087core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112630087dpl:GroupUndertakings2022-06-012023-05-3112630087dpl:ParticipatingInterests2022-06-012023-05-3112630087dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112630087core:ListedExchangeTraded2022-06-012023-05-3112630087dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112630087core:UnlistedNon-exchangeTraded2022-06-012023-05-3112630087dpl:CostSales2021-06-012022-05-3112630087dpl:DistributionCosts2021-06-012022-05-3112630087dpl:AdministrativeExpenses2021-06-012022-05-3112630087core:LandBuildings2021-06-012022-05-3112630087core:PlantMachinery2021-06-012022-05-3112630087core:Vehicles2021-06-012022-05-3112630087core:FurnitureFittings2021-06-012022-05-3112630087core:OfficeEquipment2021-06-012022-05-3112630087core:NetGoodwill2021-06-012022-05-3112630087core:IntangibleAssetsOtherThanGoodwill2021-06-012022-05-3112630087dpl:GroupUndertakings2021-06-012022-05-3112630087dpl:ParticipatingInterests2021-06-012022-05-3112630087dpl:GroupUndertakingscore:ListedExchangeTraded2021-06-012022-05-3112630087core:ListedExchangeTraded2021-06-012022-05-3112630087dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-06-012022-05-3112630087core:UnlistedNon-exchangeTraded2021-06-012022-05-3112630087core:NetGoodwill2023-05-3112630087core:IntangibleAssetsOtherThanGoodwill2023-05-3112630087core:LandBuildings2023-05-3112630087core:PlantMachinery2023-05-3112630087core:Vehicles2023-05-3112630087core:FurnitureFittings2023-05-3112630087core:OfficeEquipment2023-05-3112630087core:AfterOneYear2023-05-3112630087core:WithinOneYear2023-05-3112630087core:ListedExchangeTraded2023-05-3112630087core:UnlistedNon-exchangeTraded2023-05-3112630087core:ShareCapital2023-05-3112630087core:SharePremium2023-05-3112630087core:RevaluationReserve2023-05-3112630087core:OtherReservesSubtotal2023-05-3112630087core:RetainedEarningsAccumulatedLosses2023-05-3112630087core:NetGoodwill2022-05-3112630087core:IntangibleAssetsOtherThanGoodwill2022-05-3112630087core:LandBuildings2022-05-3112630087core:PlantMachinery2022-05-3112630087core:Vehicles2022-05-3112630087core:FurnitureFittings2022-05-3112630087core:OfficeEquipment2022-05-3112630087core:AfterOneYear2022-05-3112630087core:WithinOneYear2022-05-3112630087core:ListedExchangeTraded2022-05-3112630087core:UnlistedNon-exchangeTraded2022-05-3112630087core:ShareCapital2022-05-3112630087core:SharePremium2022-05-3112630087core:RevaluationReserve2022-05-3112630087core:OtherReservesSubtotal2022-05-3112630087core:RetainedEarningsAccumulatedLosses2022-05-3112630087core:NetGoodwill2021-06-0112630087core:IntangibleAssetsOtherThanGoodwill2021-06-0112630087core:LandBuildings2021-06-0112630087core:PlantMachinery2021-06-0112630087core:Vehicles2021-06-0112630087core:FurnitureFittings2021-06-0112630087core:OfficeEquipment2021-06-0112630087core:AfterOneYear2021-06-0112630087core:WithinOneYear2021-06-0112630087core:ListedExchangeTraded2021-06-0112630087core:UnlistedNon-exchangeTraded2021-06-0112630087core:ShareCapital2021-06-0112630087core:SharePremium2021-06-0112630087core:RevaluationReserve2021-06-0112630087core:OtherReservesSubtotal2021-06-0112630087core:RetainedEarningsAccumulatedLosses2021-06-0112630087core:AfterOneYear2022-06-012023-05-3112630087core:WithinOneYear2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:CostValuation2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-06-012023-05-3112630087core:Non-currentFinancialInstrumentscore:CostValuation2023-05-3112630087core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-05-3112630087core:Non-currentFinancialInstrumentscore:CostValuation2022-05-3112630087core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-05-3112630087core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-05-3112630087core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-05-3112630087core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-05-3112630087core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-05-3112630087core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-05-3112630087core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-05-3112630087core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-05-3112630087bus:Director12022-06-012023-05-31126300871bus:Director12022-06-01126300871bus:Director12022-06-012023-05-31126300871bus:Director12023-05-31126300872022-06-01126300872022-06-012023-05-31126300872023-05-31

ISB PAYROLL LTD

Registered Number
12630087
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2023

ISB PAYROLL LTD
Company Information
for the year from 1 June 2022 to 31 May 2023

Director

BURNELL, Darren

Registered Address

78 York Street
London
W1H 1DP

Registered Number

12630087 (England and Wales)
ISB PAYROLL LTD
Balance Sheet as at
31 May 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets6637849
637849
Current assets
Debtors10294,988321,260
Cash at bank and on hand2,026200
297,014321,460
Creditors amounts falling due within one year11(291,640)(326,721)
Net current assets (liabilities)5,374(5,261)
Total assets less current liabilities6,011(4,412)
Provisions for liabilities12(209)(209)
Net assets5,802(4,621)
Capital and reserves
Called up share capital11
Profit and loss account5,801(4,622)
Shareholders' funds5,802(4,621)
The financial statements were approved and authorised for issue by the Director on 5 October 2023, and are signed on its behalf by:
BURNELL, Darren
Director
Registered Company No. 12630087
ISB PAYROLL LTD
Notes to the Financial Statements
for the year ended 31 May 2023

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.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Functional and presentation currency policy
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
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:

Reducing balance (%)
Office Equipment25
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.
Deferred tax policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
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.
Government grants and other government assistance policy
Government grants are recognised as income in the period to which they relate.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20232022
Average number of employees during the year227
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
At 01 June 221,2331,233
At 31 May 231,2331,233
Depreciation and impairment
At 01 June 22384384
Charge for year212212
At 31 May 23596596
Net book value
At 31 May 23637637
At 31 May 22849849
7.Description of nature of transactions and balances with related parties
During the year the company made a number of repayable advances to related third parties. There is no interest payable on these amounts and the loans are repayable on demand. Related Party Bfwd Advanced Repaid Cfwd Bumax Ltd 24,268 0 0 24,268 Hotel Services Group Ltd 93,399 235,032 259,735 68,696 Drink & Food Group Ltd 0 22,050 5,950 16,100
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BURNELL, Darren3,50611,43476614,174
3,50611,43476614,174
9.Dividends proposed and payable

2023

2022

££
Dividends Paid-2,000
Total-2,000
10.Debtors

2023

2022

££
Trade debtors / trade receivables228,049200,087
Other debtors8,4383,506
Amounts owed by associates and joint ventures / participating interests (Non-current)58,501117,667
Total294,988321,260
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
11.Creditors within one year

2023

2022

££
Trade creditors / trade payables-41,787
Taxation and social security104,926165,982
Other creditors185,513117,695
Accrued liabilities and deferred income1,2011,257
Total291,640326,721
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
12.Provisions for liabilities

2023

2022

££
Net deferred tax liability (asset)209209
Total209209