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Registration number: 08957402

iSystems Integration Ltd

Annual Report and Financial Statements

for the Period from 1 March 2023 to 31 December 2023

 

iSystems Integration Ltd

Contents

Company Information

1

Strategic Report

2

Directors' Report

3

Statement of Directors' Responsibilities

4

Independent Auditor's Report

5 to 7

Profit and Loss Account

8

Statement of Comprehensive Income

9

Balance Sheet

10

Statement of Changes in Equity

11

Statement of Cash Flows

12

Notes to the Financial Statements

13 to 20

 

iSystems Integration Ltd

Company Information

Directors

Mr E Blacklock

Mr D O'Reilly

Mr A Bradley

Mr J Crowe

Registered office

2nd Floor
41 Moorgate
London
EC2R 6PP

Auditors

Xeinadin Audit Limited
Statutory Auditors
Becket House
36 Old Jewry
London
EC2R 8DD

 

iSystems Integration Ltd

Strategic Report for the Period from 1 March 2023 to 31 December 2023

The directors present their strategic report for the period from 1 March 2023 to 31 December 2023.

Principal activity

The principal activity of the company is the supply of information technology services.

Fair review of the business

Turnover for the financial period amounted to £5,484,730 (for the period ended 28 February 2023: £7,303,958). The Company earned a profit after taxation totalling £159,657 (for the period ended 28 February 2023: profit £404,248).

The net current asset position of the Company as at the financial period end amounted to £1,844,762 (period ended 28 February 2023: net current asset £1,682,187).

The net asset position of the Company as at the financial period end amounted to £1,861,866 (period ended 28 February 2023: net asset £1,702,209).

Principal risks and uncertainties

Market risk
The industry in which the Company operates is competitive and challenging, however the directors have detailed knowledge and experience in this sector.

Fraud risk
The risk is mitigated by maintaining segregation of duties for receipt of funds and payment of creditors. The directors have put processes in place to ensure that detailed checking is carried out at all stages to ensure the accuracy and validity of all transactions.

Liquidity risk
It is felt that the Company has adequate cash to meet its day-to-day operations going forward and the Company is part of a larger group organisation, so can avail of group resources as and when needed.

Approved and authorised by the Board on 2 August 2024 and signed on its behalf by:
 

.........................................
Mr D O'Reilly
Director

 

iSystems Integration Ltd

Directors' Report for the Period from 1 March 2023 to 31 December 2023

The directors present their report and the financial statements for the period from 1 March 2023 to 31 December 2023.

Directors of the company

The directors who held office during the period were as follows:

Mr E Blacklock (appointed 9 March 2023)

Mr D O'Reilly (appointed 9 March 2023)

Mr A Bradley (appointed 8 June 2023)

Mr J Crowe (appointed 9 March 2023)

Mr M K Cooper (ceased 9 March 2023)

Mr R W Robinson (ceased 9 March 2023)

Strategic aims

Objectives and policies

The Company’s objective is to provide IT services as a partner of its customers in the transition to the cloud with an emphasis on IT infrastructure consultancy and cloud services.

iSystems Integration Ltd has continued with the strategic aim to grow organically, building the business on its existing solid foundations, and working with clients as their trusted IT partner. The Company remains focused on service offerings to ensure its class-leading status.

Future developments

There are no plans to materially change the Company's activities in the future.

Disclosure of information to the auditors

Each director has taken steps that they ought to have taken as a director in order to make themselves aware of any relevant audit information and to establish that the company's auditors are aware of that information. The directors confirm that there is no relevant information that they know of and of which they know the auditors are unaware.

Approved and authorised by the Board on 2 August 2024 and signed on its behalf by:
 

.........................................
Mr D O'Reilly
Director

 

iSystems Integration Ltd

Statement of Directors' Responsibilities

The directors acknowledge their responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

select suitable accounting policies and apply them consistently;

make judgements and accounting estimates that are reasonable and prudent;

state whether applicable United Kingdom Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

 

iSystems Integration Ltd

Independent Auditor's Report to the Members of iSystems Integration Ltd

Opinion

We have audited the financial statements of iSystems Integration Ltd (the 'company') for the period from 1 March 2023 to 31 December 2023, which comprise the Profit and Loss Account, Statement of Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the period then ended;

have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the director's use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

 

iSystems Integration Ltd

Independent Auditor's Report to the Members of iSystems Integration Ltd

Opinion on other matter prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

the information given in the Strategic Report and Directors' Report for the financial period for which the financial statements are prepared is consistent with the financial statements; and

the Strategic Report and Directors' Report have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Directors' Report.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

the financial statements are not in agreement with the accounting records and returns; or

certain disclosures of directors' remuneration specified by law are not made; or

we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities [set out on page 4], the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditor Responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

 

iSystems Integration Ltd

Independent Auditor's Report to the Members of iSystems Integration Ltd

Discussions with and enquiries of management and those charged with governance were held with a view to identify those laws and regulations that could be expected to have a material impact on the financial statements. During the engagement team briefing, the outcomes of these discussions and enquiries were shared with the team, as well as consideration as to where and how fraud may occur in the entity.

The following laws and regulations were identified as being of significance to the entity:

• Those laws and regulations considered to have a direct effect on the financial statements include UK financial reporting standards, Company Law, Tax and Pensions legislation, and distributable profits legislation.

• Those laws and regulations for which non-compliance may be fundamental to the operating aspects of the business and therefore may have a material effect on the financial statements include health and safety legislation, employment law and GDPR.

Audit procedures undertaken in response to the potential risks relating to irregularities (which include fraud and non-compliance with laws and regulations) comprised of: inquiries of management and those charged with governance as to whether the entity complies with such laws and regulations; enquiries with the same concerning any actual or potential litigation or claims; testing the appropriateness of journal entries; and the performance of analytical review to identify unexpected movements in account balances which may be indicative of fraud.

No instances of material non-compliance were identified. However, the likelihood of detecting irregularities, including fraud, is limited by the inherent difficulty in detecting irregularities, the effectiveness of the entity’s controls, and the nature, timing and extent of the audit procedures performed. Irregularities that result from fraud might be inherently more difficult to detect than irregularities that result from error. As explained above, there is an unavoidable risk that material misstatements may not be detected, even though the audit has been planned and performed in accordance with ISAs (UK).

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Nicholas Mark Hume (Senior Statutory Auditor)
For and on behalf of Xeinadin Audit Limited, Statutory Auditors

Becket House
36 Old Jewry
London
EC2R 8DD

6 August 2024

 

iSystems Integration Ltd

Profit and Loss Account for the Period from 1 March 2023 to 31 December 2023

Note

31 December
2023
£

28 February
2023
£

Turnover

3

5,484,730

7,303,958

Cost of sales

 

(4,137,340)

(5,729,584)

Gross profit

 

1,347,390

1,574,374

Administrative expenses

 

(1,181,876)

(1,050,514)

Operating profit

5

165,514

523,860

Interest payable and similar expenses

6

(3,353)

(16,227)

Profit before tax

 

162,161

507,633

Tax on profit

10

(2,504)

(103,385)

Profit for the financial period

 

159,657

404,248

The above results were derived from continuing operations.

The company has no recognised gains or losses for the period other than the results above.

 

iSystems Integration Ltd

Statement of Comprehensive Income for the Period from 1 March 2023 to 31 December 2023

31 December
2023
£

28 February
2023
£

Profit for the period

159,657

404,248

Total comprehensive income for the period

159,657

404,248

 

iSystems Integration Ltd

(Registration number: 08957402)
Balance Sheet as at 31 December 2023

Note

31 December
2023
£

28 February
2023
£

Fixed assets

 

Tangible assets

11

23,154

24,718

Current assets

 

Debtors

12

4,044,009

1,904,458

Cash at bank and in hand

 

548,812

1,627,742

 

4,592,821

3,532,200

Creditors: Amounts falling due within one year

14

(2,748,059)

(1,850,013)

Net current assets

 

1,844,762

1,682,187

Total assets less current liabilities

 

1,867,916

1,706,905

Provisions for liabilities

15

(6,050)

(4,696)

Net assets

 

1,861,866

1,702,209

Capital and reserves

 

Called up share capital

6

6

Retained earnings

1,861,860

1,702,203

Shareholders' funds

 

1,861,866

1,702,209

Approved and authorised by the Board on 2 August 2024 and signed on its behalf by:
 

.........................................
Mr D O'Reilly
Director

 

iSystems Integration Ltd

Statement of Changes in Equity for the Period from 1 March 2023 to 31 December 2023

Share capital
£

Retained earnings
£

Total
£

At 1 March 2023

6

1,702,203

1,702,209

Profit for the period

-

159,657

159,657

At 31 December 2023

6

1,861,860

1,861,866

Share capital
£

Retained earnings
£

Total
£

At 1 April 2022

6

1,411,467

1,411,473

Profit for the period

-

404,248

404,248

Dividends

-

(113,512)

(113,512)

At 28 February 2023

6

1,702,203

1,702,209

 

iSystems Integration Ltd

Statement of Cash Flows for the Period from 1 March 2023 to 31 December 2023

Note

31 December
2023
£

28 February
2023
£

Cash flows from operating activities

Profit for the period

 

159,657

404,248

Adjustments to cash flows from non-cash items

 

Depreciation and amortisation

5

9,120

6,837

Loss on disposal of tangible assets

4

210

181

Finance costs

6

-

26

Income tax expense

10

2,504

103,385

 

171,491

514,677

Working capital adjustments

 

(Increase)/decrease in trade debtors

12

(2,139,551)

314,585

Increase/(decrease) in trade creditors

14

896,896

(234,613)

Net cash flow from operating activities

 

(1,071,164)

594,649

Cash flows from investing activities

 

Acquisitions of tangible assets

(7,766)

(12,686)

Cash flows from financing activities

 

Interest paid

6

-

(26)

Dividends paid

-

(113,512)

Net cash flows from financing activities

 

-

(113,538)

Net (decrease)/increase in cash and cash equivalents

 

(1,078,930)

468,425

Cash and cash equivalents at 1 March

 

1,627,742

1,159,317

Cash and cash equivalents at 31 December

 

548,812

1,627,742

 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
2nd Floor
41 Moorgate
London
EC2R 6PP

These financial statements were authorised for issue by the Board on 2 August 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements were prepared in accordance with Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland and the Companies Act 2006'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Name of parent of group

These financial statements are consolidated in the financial statements of Plutus Topco Limited.

The financial statements of Plutus Topco Limited may be obtained from 25 Golden Square, London, W1F 9LU.

Disclosure of long or short period

The accounting period has been reduced to 10 months so that its accounting reference date (31 December) matches with that of its holding company. The comparative period figures (11 months) are therefore not entirely comparable.

The comparative period figures were not audited because the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Going concern

The financial statements have been prepared on a going concern basis.

 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

Changes in circumstances

Adoption of full provisions of FRS 102
Since the Ekco Group no longer meets the criteria for qualifying as a small group, these financial statements have been prepared under the full provisions of FRS 102.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

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

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

Asset class

Depreciation method and rate

Computer and office equipment

25% reducing balance method

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Turnover

The analysis of the company's Turnover for the period from continuing operations is as follows:

31 December
2023
£

28 February
2023
£

Rendering of services

5,484,730

7,303,958

 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

4

Other gains and losses

The analysis of the company's other gains and losses for the period is as follows:

31 December
2023
£

28 February
2023
£

Loss on disposal of Tangible assets

(210)

(181)

5

Operating profit

Arrived at after charging/(crediting)

31 December
2023
£

28 February
2023
£

Depreciation expense

9,120

6,837

Loss on disposal of property, plant and equipment

210

181

6

Interest payable and similar expenses

31 December
2023
£

28 February
2023
£

Interest expense on other finance liabilities

-

26

Foreign exchange gains

3,353

16,201

3,353

16,227

7

Staff costs

The aggregate payroll costs (including directors' remuneration) were as follows:

31 December
2023
£

28 February
2023
£

Wages and salaries

587,615

716,184

Social security costs

64,604

78,657

Pension costs, defined contribution scheme

14,741

17,065

Redundancy costs

34,969

-

Other employee expense

4,357

19,222

706,286

831,128

The average number of persons employed by the company (including directors) during the period, analysed by category was as follows:

 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

31 December
2023
No.

28 February
2023
No.

Production

10

12

Administration and support

4

4

14

16

8

Directors' remuneration

The directors' remuneration for the period was as follows:

31 December
2023
£

28 February
2023
£

Remuneration

-

16,676

9

Auditors' remuneration

31 December
2023
£

28 February
2023
£

Audit of the financial statements

5,000

-


 

10

Taxation

Tax charged/(credited) in the profit and loss account

31 December
2023
£

28 February
2023
£

Current taxation

UK corporation tax

1,150

102,309

Deferred taxation

Arising from origination and reversal of timing differences

1,354

1,076

Tax expense in the income statement

2,504

103,385

Deferred tax

 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

11

Tangible assets

Office equipment
£

Total
£

Cost or valuation

At 1 March 2023

36,999

36,999

Additions

7,766

7,766

Disposals

(987)

(987)

At 31 December 2023

43,778

43,778

Depreciation

At 1 March 2023

12,281

12,281

Charge for the period

9,120

9,120

Eliminated on disposal

(777)

(777)

At 31 December 2023

20,624

20,624

Carrying amount

At 31 December 2023

23,154

23,154

At 28 February 2023

24,718

24,718

12

Debtors

Current

Note

31 December
2023
£

28 February
2023
£

Trade debtors

 

793,689

561,888

Amounts owed by related parties

2,083,813

-

Other debtors

 

61

218,180

Prepayments

 

971,747

919,150

Accrued income

 

194,699

205,240

   

4,044,009

1,904,458

13

Cash and cash equivalents

31 December
2023
£

28 February
2023
£

Cash at bank

548,812

1,627,742

 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

14

Creditors

Note

31 December
2023
£

28 February
2023
£

Due within one year

 

Trade creditors

 

774,497

318,972

Amounts due to related parties

436,890

-

Social security and other taxes

 

70,652

53,127

Outstanding defined contribution pension costs

 

3,093

-

Other payables

 

(100)

5,777

Accruals

 

1,359,568

1,369,828

Income tax liability

10

103,459

102,309

 

2,748,059

1,850,013

15

Provisions for liabilities

Deferred tax
£

Total
£

At 1 March 2023

4,696

4,696

Increase (decrease) in existing provisions

1,354

1,354

At 31 December 2023

6,050

6,050

16

Pension and other schemes

Defined contribution pension scheme

The company operates a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £14,741 (2023 - £17,065).

Contributions totalling £3,093 (2023 - £Nil) were payable to the scheme at the end of the period and are included in creditors.

17

Share capital

Allotted, called up and fully paid shares

31 December
2023

28 February
2023

No.

£

No.

£

Ordinary shares of £1 each

6

6

6

6

       
 

iSystems Integration Ltd

Notes to the Financial Statements for the Period from 1 March 2023 to 31 December 2023

18

Parent and ultimate parent undertaking

The company's immediate parent is Coro Holdings Limited, incorporated in England.

 The ultimate parent is Plutus Topco Limited, incorporated in England.

 The most senior parent entity producing publicly available financial statements is Plutus Topco Limited. These financial statements are available upon request from 25 Golden Square, London, W1F 9LU

 

The parent of the largest group in which these financial statements are consolidated is Plutus Topco Limited, incorporated in England.

The address of Plutus Topco Limited is:
25 Golden Square, London, W1F 9LU