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Registered Number: 07341683
England and Wales

 

 

 

ISV EXIT STRATEGY LIMITED


Abridged Accounts
 


Period of accounts

Start date: 01 September 2022

End date: 31 August 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of ISV Exit Strategy Limited for the year ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of ISV Exit Strategy Limited for the year ended 31 August 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the companys accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance This report is made solely to the Board of Directors of ISV Exit Strategy Limited, as a body, in accordance with the terms of our engagement letter.

Our work has been undertaken solely to prepare for your approval the accounts of ISV Exit Strategy Limited and state those matters that we have agreed to state to the Board of Directors of ISV Exit Strategy Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than ISV Exit Strategy Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that ISV Exit Strategy Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of ISV Exit Strategy Limited. You consider that ISV Exit Strategy Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the accounts of ISV Exit Strategy Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts for the year ended 31 August 2023



....................................................
Chawton Hector
2 Maules Gardens
Bristol
Avon
BS34 8AN

07 November 2023
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 915    1,361 
915    1,361 
Current assets      
Debtors: amounts falling due within one year 635    3,546 
Cash at bank and in hand 3,681    75 
4,316    3,621 
Creditors: amount falling due within one year (29,541)   (28,228)
Net current liabilities (25,225)   (24,607)
 
Total assets less current liabilities (24,310)   (23,246)
Net liabilities (24,310)   (23,246)
 

Capital and reserves
     
Called up share capital 4 200    200 
Profit and loss account (24,510)   (23,446)
Shareholder's funds (24,310)   (23,246)
 


For the year ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006 the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 07 November 2023 and were signed by:


-------------------------------
Kieron Sambrook-Smith
Director
2
General Information
ISV Exit Strategy Limited is a private limited company, limited by shares, domiciled in England and Wales registration number 07341683. The Registered Office is 17 Hall Place Drive, Weybridge, Surrey, KT13 0AJ
The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
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)
Going concern basis
The director believes that the company is well placed to manage its business risks successfully. Accordingly, he has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the director continues to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of services supplied by the company, net of Value Added Tax.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 20% Reducing Balance
Computer Equipment 33% Reducing Balance
2.

Average number of employees

Average number of employees during the year was 1 (2022 : 1).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Computer Equipment   Total
  £   £   £
At 01 September 2022 135    3,175    3,310 
Additions    
Disposals    
At 31 August 2023 135    3,175    3,310 
Depreciation
At 01 September 2022 111    1,838    1,949 
Charge for year 5    441    446 
On disposals    
At 31 August 2023 116    2,279    2,395 
Net book values
Closing balance as at 31 August 2023 19    896    915 
Opening balance as at 01 September 2022 24    1,337    1,361 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
100 A Ordinary shares of £1.00 each 100    100 
100 B Ordinary shares of £1.00 each 100    100 
200    200 

3