Caseware UK (AP4) 2022.0.179 2022.0.179 2022-08-013falseNo description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03594872 2022-08-01 2023-07-31 03594872 2021-08-01 2022-07-31 03594872 2023-07-31 03594872 2022-07-31 03594872 c:Director2 2022-08-01 2023-07-31 03594872 d:PlantMachinery 2022-08-01 2023-07-31 03594872 d:PlantMachinery 2023-07-31 03594872 d:PlantMachinery 2022-07-31 03594872 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03594872 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 03594872 d:MotorVehicles 2022-08-01 2023-07-31 03594872 d:MotorVehicles 2023-07-31 03594872 d:MotorVehicles 2022-07-31 03594872 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03594872 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 03594872 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 03594872 d:LeasedAssetsHeldAsLessee 2022-08-01 2023-07-31 03594872 d:CurrentFinancialInstruments 2023-07-31 03594872 d:CurrentFinancialInstruments 2022-07-31 03594872 d:Non-currentFinancialInstruments 2023-07-31 03594872 d:Non-currentFinancialInstruments 2022-07-31 03594872 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 03594872 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 03594872 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 03594872 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 03594872 d:ShareCapital 2023-07-31 03594872 d:ShareCapital 2022-07-31 03594872 d:RetainedEarningsAccumulatedLosses 2023-07-31 03594872 d:RetainedEarningsAccumulatedLosses 2022-07-31 03594872 c:OrdinaryShareClass2 2022-08-01 2023-07-31 03594872 c:OrdinaryShareClass2 2023-07-31 03594872 c:OrdinaryShareClass2 2022-07-31 03594872 c:OrdinaryShareClass3 2022-08-01 2023-07-31 03594872 c:OrdinaryShareClass3 2023-07-31 03594872 c:OrdinaryShareClass3 2022-07-31 03594872 c:OrdinaryShareClass4 2022-08-01 2023-07-31 03594872 c:OrdinaryShareClass4 2023-07-31 03594872 c:OrdinaryShareClass4 2022-07-31 03594872 c:OrdinaryShareClass5 2022-08-01 2023-07-31 03594872 c:OrdinaryShareClass5 2023-07-31 03594872 c:OrdinaryShareClass5 2022-07-31 03594872 c:FRS102 2022-08-01 2023-07-31 03594872 c:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 03594872 c:FullAccounts 2022-08-01 2023-07-31 03594872 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 03594872 2 2022-08-01 2023-07-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03594872










Isis Integration Limited








Unaudited

Financial statements

Information for filing with the registrar

For the Year Ended 31 July 2023


 


 
Isis Integration Limited
 
  
Chartered Accountants' Report to the Board of Directors on the preparation of the Unaudited Statutory Financial Statements of Isis Integration Limited for the Year Ended 31 July 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Isis Integration Limited for the year ended 31 July 2023 which comprise  the Balance Sheet and the related notes from the Company's 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 (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of Directors of Isis Integration Limited, as a body, in accordance with the terms of our engagement letter dated 12 November 2021Our work has been undertaken solely to prepare for your approval the financial statements of Isis Integration Limited  and state those matters that we have agreed to state to the Board of Directors of Isis Integration Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Isis Integration Limited and its Board of Directors, as a body, for our work or for this report. 

It is your duty to ensure that Isis Integration Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Isis Integration Limited. You consider that Isis Integration Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Isis Integration 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 financial statements.

  



Kreston Reeves LLP
Chartered Accountants
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ
18 January 2024
Page 1

 
Isis Integration Limited
Registered number: 03594872

Balance Sheet
As at 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
119,170
134,239

  
119,170
134,239

Current assets
  

Stocks
 5 
7,321
2,646

Debtors: amounts falling due within one year
 6 
157,331
343,392

Cash at bank and in hand
  
341,269
410,985

  
505,921
757,023

Creditors: amounts falling due within one year
 7 
(368,445)
(502,666)

Net current assets
  
 
 
137,476
 
 
254,357

Total assets less current liabilities
  
256,646
388,596

Creditors: amounts falling due after more than one year
 8 
(26,792)
(54,668)

Provisions for liabilities
  

Deferred tax
  
(29,537)
(33,119)

  
 
 
(29,537)
 
 
(33,119)

Net assets
  
200,317
300,809


Capital and reserves
  

Called up share capital 
 9 
200
200

Profit and loss account
  
200,117
300,609

  
200,317
300,809


Page 2

 
Isis Integration Limited
Registered number: 03594872

Balance Sheet (continued)
As at 31 July 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




T Smeaton
Director

Date: 18 January 2024

The notes on pages 4 to 11 form part of these financial statements.

Page 3

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

1.


General information

The Company is a private company limited by share capital incorporated in England and Wales. 
The address of its registered office is: 
9 Donnington Park 
85 Birdham Road 
Chichester 
England 
PO20 7AJ 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 4

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.5

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 5

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance Sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 6

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
33% or 25% straight line
Motor vehicles
-
5 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.10

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.11

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.12

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.13

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 7

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.14

Financial instruments

Financial instruments are recognised in the Company's Balance Sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

Financial assets are assessed for indicators of impairment at each reporting date. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

Page 8

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

2.Accounting policies (continued)

 
2.15

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2022 - 3).


4.


Tangible fixed assets





Plant and machinery
Motor vehicles
Total

£
£
£



Cost or valuation


At 1 August 2022
40,795
140,785
181,580


Additions
5,419
-
5,419



At 31 July 2023

46,214
140,785
186,999



Depreciation


At 1 August 2022
31,315
16,026
47,341


Charge for the year on owned assets
6,731
-
6,731


Charge for the year on financed assets
-
13,757
13,757



At 31 July 2023

38,046
29,783
67,829



Net book value



At 31 July 2023
8,168
111,002
119,170



At 31 July 2022
9,480
124,759
134,239


5.


Stocks

2023
2022
£
£

Finished goods and goods for resale
7,321
2,646

7,321
2,646


Page 9

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

6.


Debtors

2023
2022
£
£


Trade debtors
155,934
253,378

Other debtors
464
395

Prepayments and accrued income
933
89,619

157,331
343,392



7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
144,797
97,555

Corporation tax
21,780
85,034

Other taxation and social security
22,744
59,504

Obligations under finance lease and hire purchase contracts
27,876
26,544

Other creditors
146,664
229,784

Accruals and deferred income
4,584
4,245

368,445
502,666



8.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
26,792
54,668

26,792
54,668


The following liabilities were secured:

2023
2022
£
£



Net obligations under finance leases and hire purchase contracts
54,668
81,212

54,668
81,212

Details of security provided:

These are secured over the respective assets and are denominated in £ at various interest rates. 

Page 10

 
Isis Integration Limited
 

 
Notes to the Financial Statements
For the Year Ended 31 July 2023

9.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



51 (2022 - 51) A Ordinary shares of £1.00 each
51
51
51 (2022 - 51) B Ordinary shares of £1.00 each
51
51
49 (2022 - 49) C Ordinary shares of £1.00 each
49
49
49 (2022 - 49) D Ordinary shares of £1.00 each
49
49

200

200



Page 11