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REGISTERED NUMBER: 04577316 (England and Wales)















IS DESIGN LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2023






IS DESIGN LIMITED (REGISTERED NUMBER: 04577316)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


IS DESIGN LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2023







DIRECTOR: J B K Williams





REGISTERED OFFICE: 3 Kensworth Gate
200 -204 High Street South
Dunstable
Bedfordshire
LU6 3HS





REGISTERED NUMBER: 04577316 (England and Wales)





ACCOUNTANTS: Higginson & Co (UK) Ltd
3 Kensworth Gate
200 - 204 High Street South
Dunstable
Bedfordshire
LU6 3HS

IS DESIGN LIMITED (REGISTERED NUMBER: 04577316)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 715 8,526
715 8,526

CURRENT ASSETS
Debtors 6 5,356 10,722
Cash at bank and in hand 151,774 158,224
157,130 168,946
CREDITORS
Amounts falling due within one year 7 2,864 2,983
NET CURRENT ASSETS 154,266 165,963
TOTAL ASSETS LESS CURRENT
LIABILITIES

154,981

174,489

PROVISIONS FOR LIABILITIES 8 - 1,451
NET ASSETS 154,981 173,038

CAPITAL AND RESERVES
Called up share capital 9 2,000 2,000
Capital redemption reserve 10 1,000 1,000
Retained earnings 10 151,981 170,038
SHAREHOLDERS' FUNDS 154,981 173,038

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

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

IS DESIGN LIMITED (REGISTERED NUMBER: 04577316)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 July 2024 and were signed by:





J B K Williams - Director


IS DESIGN LIMITED (REGISTERED NUMBER: 04577316)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2023


1. STATUTORY INFORMATION

IS Design Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2002, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

IS DESIGN LIMITED (REGISTERED NUMBER: 04577316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 November 2022
and 31 October 2023 250,000
AMORTISATION
At 1 November 2022
and 31 October 2023 250,000
NET BOOK VALUE
At 31 October 2023 -
At 31 October 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 November 2022 353,800
Additions 542
At 31 October 2023 354,342
DEPRECIATION
At 1 November 2022 345,274
Charge for year 8,353
At 31 October 2023 353,627
NET BOOK VALUE
At 31 October 2023 715
At 31 October 2022 8,526

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 4,801 10,722
VAT 555 -
5,356 10,722

IS DESIGN LIMITED (REGISTERED NUMBER: 04577316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors - (420 )
Corporation tax 21 21
Social security and other taxes 217 198
VAT - 779
Directors' current accounts 526 305
Accrued expenses 2,100 2,100
2,864 2,983

8. PROVISIONS FOR LIABILITIES
31.10.23 31.10.22
£    £   
Deferred tax - 1,451

Deferred
tax
£   
Balance at 1 November 2022 1,451
Credit to Income Statement during year (1,451 )
Accelerated capital allowances
Balance at 31 October 2023 -

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1,000 Ordinary A £1 1,000 1,000
1,000 Ordinary C £1 1,000 1,000
2,000 2,000

Dividends:

All classes of shares are only entitled to such dividends as may be specifically declared by the Board of
Directors on each class of share.

Voting Rights:

Only "A" Ordinary shares have full voting rights. "C" Ordinary shares have rights to vote only
on resolutions directly affecting the rights of their shares.

Winding Up:
Only "A" Ordinary shares have full rights to participate in a capital distribution on winding up. "C"
Ordinary shares are only entitled to repayment of capital at par.

IS DESIGN LIMITED (REGISTERED NUMBER: 04577316)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2023


10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 November 2022 170,038 1,000 171,038
Deficit for the year (3,057 ) (3,057 )
Dividends (15,000 ) (15,000 )
At 31 October 2023 151,981 1,000 152,981

11. RELATED PARTY DISCLOSURES

Mr J B K WIlliams is the shareholder and managing director.