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REGISTERED NUMBER: 13910243 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

11 FEBRUARY 2022 TO 30 APRIL 2023

FOR

ISET UK FIRE AND SECURITY DISTRIBUTION
LTD

ISET UK FIRE AND SECURITY DISTRIBUTION
LTD (REGISTERED NUMBER: 13910243)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2022 TO 30 APRIL 2023




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


ISET UK FIRE AND SECURITY DISTRIBUTION
LTD (REGISTERED NUMBER: 13910243)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2023

Notes £    £   
FIXED ASSETS
Intangible assets 4 53,650
Tangible assets 5 41,410
95,060

CURRENT ASSETS
Stocks 242,572
Debtors 6 533,449
Cash at bank and in hand 14,249
790,270
CREDITORS
Amounts falling due within one year 7 768,580
NET CURRENT ASSETS 21,690
TOTAL ASSETS LESS CURRENT
LIABILITIES

116,750

CREDITORS
Amounts falling due after more than one year 8 105,951
NET ASSETS 10,799

CAPITAL AND RESERVES
Called up share capital 10 100
Retained earnings 10,699
SHAREHOLDERS' FUNDS 10,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 30 April 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.

ISET UK FIRE AND SECURITY DISTRIBUTION
LTD (REGISTERED NUMBER: 13910243)

STATEMENT OF FINANCIAL POSITION - continued
30 APRIL 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 November 2023 and were signed on its behalf by:




N A Booth - Director



T L Binch - Director


ISET UK FIRE AND SECURITY DISTRIBUTION
LTD (REGISTERED NUMBER: 13910243)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 11 FEBRUARY 2022 TO 30 APRIL 2023

1. STATUTORY INFORMATION

Iset Uk Fire And Security Distribution Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 13910243

Registered office: E2 The Pavilion
Strelley Hall
Nottingham
Nottinghamshire
NG8 6PE

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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on reducing balance and 25% on reducing balance

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 period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ISET UK FIRE AND SECURITY DISTRIBUTION
LTD (REGISTERED NUMBER: 13910243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2022 TO 30 APRIL 2023

2. ACCOUNTING POLICIES - continued

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 9 .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 67,062
At 30 April 2023 67,062
AMORTISATION
Amortisation for period 13,412
At 30 April 2023 13,412
NET BOOK VALUE
At 30 April 2023 53,650

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
Additions 17,803 24,670 3,571 46,044
At 30 April 2023 17,803 24,670 3,571 46,044
DEPRECIATION
Charge for period 2,856 718 1,060 4,634
At 30 April 2023 2,856 718 1,060 4,634
NET BOOK VALUE
At 30 April 2023 14,947 23,952 2,511 41,410

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 524,872
Other debtors 8,577
533,449

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Finance leases 2,260
Trade creditors 469,193
Taxation and social security 57,391
Other creditors 239,736
768,580

ISET UK FIRE AND SECURITY DISTRIBUTION
LTD (REGISTERED NUMBER: 13910243)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 11 FEBRUARY 2022 TO 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
£   
Finance leases 16,332
Other creditors 89,619
105,951

9. SECURED DEBTS

The following secured debts are included within creditors:

£   
Amount owed to factors 201,450

10. CALLED UP SHARE CAPITAL

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

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.