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REGISTERED NUMBER: 10746405 (England and Wales)












Unaudited Financial Statements

for the Year Ended 30 April 2023

for

Isite Solutions Ltd

Isite Solutions Ltd (Registered number: 10746405)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Isite Solutions Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTOR: D Aujla





REGISTERED OFFICE: Cliffe House
Anthonys Way
Medway City Estate
Rochester
Kent
ME2 4DY





REGISTERED NUMBER: 10746405 (England and Wales)





ACCOUNTANTS: Johal & Company
Chartered Certified Accountants
& Registered Auditors
Spectrum House
2B Suttons Lane
Hornchurch
Essex
RM12 6RJ

Isite Solutions Ltd (Registered number: 10746405)

Statement of Financial Position
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 273,532 304,736

CURRENT ASSETS
Debtors 5 59,372 181,648
Cash at bank 27,390 42,212
86,762 223,860
CREDITORS
Amounts falling due within one year 6 141,922 177,414
NET CURRENT (LIABILITIES)/ASSETS (55,160 ) 46,446
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,372

351,182

CREDITORS
Amounts falling due after more than one
year

7

136,630

262,662
NET ASSETS 81,742 88,520

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 81,642 88,420
SHAREHOLDERS' FUNDS 81,742 88,520

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Isite Solutions Ltd (Registered number: 10746405)

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 April 2024 and were signed by:





D Aujla - Director


Isite Solutions Ltd (Registered number: 10746405)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

Isite Solutions 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 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 reducing balance
Motor vehicles - 10% on reducing balance

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

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 year was NIL (2022 - NIL).

Isite Solutions Ltd (Registered number: 10746405)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£    £    £   
COST
At 1 May 2022
and 30 April 2023 8,491 431,369 439,860
DEPRECIATION
At 1 May 2022 3,620 131,504 135,124
Charge for year 1,218 29,986 31,204
At 30 April 2023 4,838 161,490 166,328
NET BOOK VALUE
At 30 April 2023 3,653 269,879 273,532
At 30 April 2022 4,871 299,865 304,736

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 59,372 181,648

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Hire purchase contracts 29,642 59,642
Trade creditors 67,243 68,403
Taxation and social security 45,037 14,540
Other creditors - 34,829
141,922 177,414

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.23 30.4.22
£    £   
Bank loans 32,387 42,094
Hire purchase contracts 152,184 183,468
Other creditors (47,941 ) 37,100
136,630 262,662