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REGISTERED NUMBER: 06466868 (England and Wales)















Unaudited Financial Statements

for the Period 31 July 2021 to 29 July 2022

for

Iesis Limited

Iesis Limited (Registered number: 06466868)






Contents of the Financial Statements
for the Period 31 July 2021 to 29 July 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Iesis Limited

Company Information
for the Period 31 July 2021 to 29 July 2022







DIRECTORS: T J Eastment
R J Jones
M M Jones
R I Lewis
D F Steadman





REGISTERED OFFICE: 89 - 95 Redcliff Street
Bristol
BS1 6LU





REGISTERED NUMBER: 06466868 (England and Wales)





ACCOUNTANTS: R A Leslie & Co. LLP
Chartered Accountants
Gowran House
56 Broad Street
Chipping Sodbury
Bristol
BS37 6AG

Iesis Limited (Registered number: 06466868)

Balance Sheet
29 July 2022

29.7.22 30.7.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 36,962 17,311
Investments 5 1,772,797 1,772,952
1,809,759 1,790,263

CURRENT ASSETS
Debtors 6 9,496,141 6,990,984
Cash at bank 210,480 42,050
9,706,621 7,033,034
CREDITORS
Amounts falling due within one year 7 7,684,163 4,886,900
NET CURRENT ASSETS 2,022,458 2,146,134
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,832,217

3,936,397

CREDITORS
Amounts falling due after more than one
year

8

(30,860

)

(266,973

)

PROVISIONS FOR LIABILITIES (7,717 ) (2,068 )
NET ASSETS 3,793,640 3,667,356

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,793,540 3,667,256
3,793,640 3,667,356

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 29 July 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 29 July 2022 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.

Iesis Limited (Registered number: 06466868)

Balance Sheet - continued
29 July 2022


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 Board of Directors and authorised for issue on 17 October 2023 and were signed on its behalf by:





R I Lewis - Director


Iesis Limited (Registered number: 06466868)

Notes to the Financial Statements
for the Period 31 July 2021 to 29 July 2022

1. STATUTORY INFORMATION

Iesis 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.

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.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the period 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 23 (2021 - 20 ) .

Iesis Limited (Registered number: 06466868)

Notes to the Financial Statements - continued
for the Period 31 July 2021 to 29 July 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 31 July 2021 83,214 11,000 114,291 208,505
Additions 4,082 28,261 10,994 43,337
Disposals - (11,000 ) - (11,000 )
At 29 July 2022 87,296 28,261 125,285 240,842
DEPRECIATION
At 31 July 2021 73,720 11,000 106,474 191,194
Charge for period 8,636 7,065 7,985 23,686
Eliminated on disposal - (11,000 ) - (11,000 )
At 29 July 2022 82,356 7,065 114,459 203,880
NET BOOK VALUE
At 29 July 2022 4,940 21,196 10,826 36,962
At 30 July 2021 9,494 - 7,817 17,311

5. FIXED ASSET INVESTMENTS
Shares in Interest
group in joint Unlisted
undertakings venture investments Totals
£    £    £    £   
COST
At 31 July 2021 585 1,712,367 60,000 1,772,952
Disposals (155 ) - - (155 )
At 29 July 2022 430 1,712,367 60,000 1,772,797
NET BOOK VALUE
At 29 July 2022 430 1,712,367 60,000 1,772,797
At 30 July 2021 585 1,712,367 60,000 1,772,952

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.22 30.7.21
£    £   
Trade debtors 442,704 198,214
Amounts owed by group undertakings 3,770,536 3,482,579
Amounts owed by joint ventures 2,507,929 2,184,044
Other debtors 312,914 172,393
Prepayments 2,462,058 953,754
9,496,141 6,990,984

Iesis Limited (Registered number: 06466868)

Notes to the Financial Statements - continued
for the Period 31 July 2021 to 29 July 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.7.22 30.7.21
£    £   
Bank loans and overdrafts 20,196 74,794
Other loans 388,739 400,792
Trade creditors 341,520 417,578
Amounts owed to group undertakings 2,082,042 926,056
Amounts owed to joint ventures 841,090 573,958
Corporation tax 17,182 44,376
Social security and other taxes 53,754 40,222
VAT 94,512 208,164
Other creditors 1,784,729 385,100
Directors' loan accounts 325,205 56,730
Accrued expenses 1,735,194 1,759,130
7,684,163 4,886,900

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
29.7.22 30.7.21
£    £   
Other loans - 2-5 years 30,860 266,973

9. SECURED DEBTS

The following secured debts are included within creditors:

29.7.22 30.7.21
£    £   
Loans 394,867 700,000

Loans amounting to £268,390 have been guaranteed by two of the directors and one of the directors has provided a limited guarantee in respect of a further loan of £126,477.

10. CONTINGENT LIABILITIES

The company had guaranteed loans of certain subsidiaries amounting to £11,096,920 (2021 - £6,965,514) at the year-end.

the company had guaranteed loans on behalf of joint venture companies amounting to £21,225,746 (2021 - £13,517,494) at the year end.

11. OTHER FINANCIAL COMMITMENTS

The company had total commitments at the year end that are not included in the balance sheet amounting to £153,644 (2021 - £388,875).

Iesis Limited (Registered number: 06466868)

Notes to the Financial Statements - continued
for the Period 31 July 2021 to 29 July 2022

12. RELATED PARTY DISCLOSURES

At the year end the company was owed £2,507,929 (2021 - £2,184,044) by joint venture companies and £210.910 (2021 - £210,894) by subsidiaries which are not 100% owned. It also owed £841,090 (2021 - £573,958) to joint venture companies and £50,837 (2021 - £54,459) to subsidiaries which are not 100% owned.

The amounts were repayable on demand and no interest was charged. the company provides consultancy services to subsidiaries and joint venture companies in which it has a participating interest under normal market conditions.

At the beginning of the year, one of the directors owed the company £210,295 (2021 - £375,381). During the year the company advanced £289,623 (2021 - £364,914) to the director and £510,000 (2021 - £530,000) was repaid, leaving a balance owed to the director of £10,082 (2021 - £210,295 owed to the company).