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REGISTERED NUMBER: 14288744 (England and Wales)










Financial Statements

For The Period 10 August 2022 to 31 August 2023

for

Isis Facility Services Ltd

Isis Facility Services Ltd (Registered number: 14288744)






Contents of the Financial Statements
For The Period 10 August 2022 to 31 August 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Isis Facility Services Ltd

Company Information
For The Period 10 August 2022 to 31 August 2023







DIRECTOR: Miss J J C Venters





REGISTERED OFFICE: Unit 12
Atley Business Park
Atley Way
Cramlington
NE23 1WP





REGISTERED NUMBER: 14288744 (England and Wales)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

Isis Facility Services Ltd (Registered number: 14288744)

Balance Sheet
31 August 2023

Notes £    £   
FIXED ASSETS
Tangible assets 4 73,168

CURRENT ASSETS
Debtors 5 279,721
Cash at bank and in hand 35,435
315,156
CREDITORS
Amounts falling due within one year 6 256,293
NET CURRENT ASSETS 58,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

132,031

CREDITORS
Amounts falling due after more than one
year

7

(23,741

)

PROVISIONS FOR LIABILITIES 9 (13,747 )
NET ASSETS 94,543

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings 94,443
94,543

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

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

The director acknowledges her 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.

Isis Facility Services Ltd (Registered number: 14288744)

Balance Sheet - continued
31 August 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 27 November 2023 and were signed by:





Miss J J C Venters - Director


Isis Facility Services Ltd (Registered number: 14288744)

Notes to the Financial Statements
For The Period 10 August 2022 to 31 August 2023

1. STATUTORY INFORMATION

Isis Facility Services Ltd 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 derived from combined facilities support activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance

Government grants
Grants considered to be revenue in nature are credited to the profit and loss account in the same period as the related expenditure.

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Isis Facility Services Ltd (Registered number: 14288744)

Notes to the Financial Statements - continued
For The Period 10 August 2022 to 31 August 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 19 .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 101,791
Disposals (7,814 )
At 31 August 2023 93,977
DEPRECIATION
Charge for period 20,809
At 31 August 2023 20,809
NET BOOK VALUE
At 31 August 2023 73,168

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
Additions 71,610
At 31 August 2023 71,610
DEPRECIATION
Charge for period 15,703
At 31 August 2023 15,703
NET BOOK VALUE
At 31 August 2023 55,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 277,421
Other debtors 2,300
279,721

Isis Facility Services Ltd (Registered number: 14288744)

Notes to the Financial Statements - continued
For The Period 10 August 2022 to 31 August 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Hire purchase contracts 32,241
Trade creditors 55,549
Taxation and social security 83,080
Other creditors 85,423
256,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Hire purchase contracts 23,741

8. SECURED DEBTS

The following secured debts are included within creditors:

£   
Hire purchase contracts 55,982
Lloyds Bank Plc 29,463
85,445

All hire purchase assets are secured by the asset concerned.

The company uses Lloyds Bank Plc invoice discounting. Two specific customer book debts are secured to Lloyds Bank Plc.

9. PROVISIONS FOR LIABILITIES
£   
Deferred tax 13,747

Deferred
tax
£   
Accelerated capital allowances 13,747
Balance at 31 August 2023 13,747

10. RELATED PARTY DISCLOSURES

The company paid £24000 rent in that period to a pension scheme controlled by the 100% shareholder.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. Frazer Mark MacDonald Venters.