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REGISTERED NUMBER: 06587289 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2023

for

ISI (Europe) Limited

ISI (Europe) Limited (Registered number: 06587289)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ISI (Europe) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: J A Hendrickson





SECRETARY:





REGISTERED OFFICE: Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB





REGISTERED NUMBER: 06587289 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

ISI (Europe) Limited (Registered number: 06587289)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,147 1,531

CURRENT ASSETS
Debtors 5 12,310 8,982
Cash at bank 834,423 656,178
846,733 665,160
CREDITORS
Amounts falling due within one year 6 837,194 660,402
NET CURRENT ASSETS 9,539 4,758
TOTAL ASSETS LESS CURRENT
LIABILITIES

10,686

6,289

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 10,586 6,189
SHAREHOLDERS' FUNDS 10,686 6,289

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 2 February 2024 and were signed by:





J A Hendrickson - Director


ISI (Europe) Limited (Registered number: 06587289)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

ISI (Europe) Limited is a subsidiary of ISI-USA, Inc. It is limited by shares, registered in England and Wales. The company's registered number and registered 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.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023
and 31 December 2023 4,034
DEPRECIATION
At 1 January 2023 2,503
Charge for year 384
At 31 December 2023 2,887
NET BOOK VALUE
At 31 December 2023 1,147
At 31 December 2022 1,531

5. DEBTORS
31.12.23 31.12.22
£    £   
Amounts falling due within one year:
Trade debtors 3,325 -
Other debtors 15 15
VAT 45 42
3,385 57

ISI (Europe) Limited (Registered number: 06587289)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. DEBTORS - continued
31.12.23 31.12.22
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 8,925 8,925

Aggregate amounts 12,310 8,982

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 53 29
Amounts owed to participating interests 681,917 522,669
Tax 102,959 82,454
Other creditors 49,500 52,500
Directors' current accounts 140 140
Accrued expenses 2,625 2,610
837,194 660,402

7. RELATED PARTY DISCLOSURES

At the period end date the intercompany balance to the parent company (ISI - USA, Inc) was £681917 (31/12/22 - £522669). Dividends of £280500 were paid to the parent company on 31/12/23.Sales of £488807 (31.12.22 - £467836) were made to ISI Europe SRL during the year and a balance of £3325 (31.12.22- £0) was owed by them to ISI Europe Limited at 31/12/23 .

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ISI-USA, Inc.Incorporated under the laws of the State of Nevada USA.