REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 31 July 2021 to 29 July 2022 |
for |
Iesis Limited |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
Investments | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
Fixtures and fittings | - |
Motor vehicles | - |
Computer equipment | - |
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 |
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 |
Additions |
Disposals | ( |
) | ( |
) |
At 29 July 2022 |
DEPRECIATION |
At 31 July 2021 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) |
At 29 July 2022 |
NET BOOK VALUE |
At 29 July 2022 |
At 30 July 2021 |
5. | FIXED ASSET INVESTMENTS |
Shares in | Interest |
group | in joint | Unlisted |
undertakings | venture | investments | Totals |
£ | £ | £ | £ |
COST |
At 31 July 2021 | 1,772,952 |
Disposals | ( |
) | (155 | ) |
At 29 July 2022 | 1,772,797 |
NET BOOK VALUE |
At 29 July 2022 | 1,772,797 |
At 30 July 2021 | 1,772,952 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
29.7.22 | 30.7.21 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Amounts owed by joint ventures |
Other debtors |
Prepayments |
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 |
Other loans |
Trade creditors |
Amounts owed to group undertakings |
Amounts owed to joint ventures | 841,090 | 573,958 |
Corporation tax |
Social security and other taxes |
VAT | 94,512 | 208,164 |
Other creditors |
Directors' loan accounts | 325,205 | 56,730 |
Accrued expenses |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
29.7.22 | 30.7.21 |
£ | £ |
Other loans - 2-5 years |
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). |