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REGISTERED NUMBER: 03698913 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2023

FOR

IS COMMUNICATIONS LIMITED

IS COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03698913)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IS COMMUNICATIONS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2023







DIRECTOR: Mr M J Y Mulquin





SECRETARY: Mr M J Y Mulquin





REGISTERED OFFICE: 2 School Road
Ely
Cambridgeshire
CB6 2FG





REGISTERED NUMBER: 03698913 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

IS COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03698913)

BALANCE SHEET
31ST JANUARY 2023

31/1/23 31/1/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,110 390

CURRENT ASSETS
Debtors 5 16,739 -
Cash at bank 9,571 2
26,310 2
CREDITORS
Amounts falling due within one year 6 15,601 21,974
NET CURRENT ASSETS/(LIABILITIES) 10,709 (21,972 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

11,819

(21,582

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 11,817 (21,584 )
SHAREHOLDERS' FUNDS 11,819 (21,582 )

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

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

The director acknowledges his 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.

IS COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03698913)

BALANCE SHEET - continued
31ST JANUARY 2023


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

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

The financial statements were approved by the director and authorised for issue on 17th October 2023 and were signed by:





Mr M J Y Mulquin - Director


IS COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03698913)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2023

1. STATUTORY INFORMATION

IS Communications Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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.

Although the company was insolvent at the balance sheet date the accounts have been prepared on the going concern basis, with the intention of returning to profitability.

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.
Office equipment and furniture - 20% on cost
Computer equipment - 33% on cost

Estimation techniques
In preparing the financial statements, management are required to make estimates and assumptions that affect the reported amounts of assets and liabilities at the balance sheet date and the reported amounts of revenue and expenses during the period.

Significant areas requiring the use of estimated relate to the determination of accruals and other liabilities and the disclosure of contingent liabilities, if any, at the balance sheet date.

3. EMPLOYEES AND DIRECTORS

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

IS COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03698913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

4. TANGIBLE FIXED ASSETS
Office
equipment
and Computer
furniture equipment Totals
£    £    £   
COST
At 1st February 2022 1,331 4,018 5,349
Additions - 1,036 1,036
At 31st January 2023 1,331 5,054 6,385
DEPRECIATION
At 1st February 2022 1,331 3,628 4,959
Charge for year - 316 316
At 31st January 2023 1,331 3,944 5,275
NET BOOK VALUE
At 31st January 2023 - 1,110 1,110
At 31st January 2022 - 390 390

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Other debtors 16,739 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/23 31/1/22
£    £   
Bank loans and overdrafts - 1,550
Trade creditors - 1,500
Taxation and social security 14,751 11,994
Other creditors 850 6,930
15,601 21,974

IS COMMUNICATIONS LIMITED (REGISTERED NUMBER: 03698913)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31/1/23 31/1/22
£    £   
Ms S J Hellawell and Mr M J Y Mulquin
Balance outstanding at start of year (6,030 ) (22,284 )
Amounts advanced 36,757 16,389
Amounts repaid (13,988 ) (135 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 16,739 (6,030 )