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REGISTERED NUMBER: 12434943 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Isinstore Ltd

Isinstore Ltd (Registered number: 12434943)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Isinstore Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: D Singh
S J Smith





REGISTERED OFFICE: Unit 6, Victoria Mills
Fowke Street
Rothley
Leicester
LE7 7PJ





REGISTERED NUMBER: 12434943 (England and Wales)





ACCOUNTANTS: torr waterfield
Park House
37 Clarence Street
Leicester
Leicestershire
LE1 3RW

Isinstore Ltd (Registered number: 12434943)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 2,000 4,000
Tangible assets 5 107,288 83,848
109,288 87,848

CURRENT ASSETS
Stocks 44,310 18,836
Debtors 6 858,653 868,379
Cash at bank 86,921 23,634
989,884 910,849
CREDITORS
Amounts falling due within one year 7 (782,294 ) (716,370 )
NET CURRENT ASSETS 207,590 194,479
TOTAL ASSETS LESS CURRENT
LIABILITIES

316,878

282,327

CREDITORS
Amounts falling due after more than one
year

8

(140,013

)

(169,178

)

PROVISIONS FOR LIABILITIES (26,823 ) (3,874 )
NET ASSETS 150,042 109,275

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 150,041 109,274
150,042 109,275

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Isinstore Ltd (Registered number: 12434943)

Balance Sheet - continued
31 January 2024


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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:





D Singh - Director


Isinstore Ltd (Registered number: 12434943)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Isinstore 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five 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.
Improvements to leasehold premises - 20% on cost
Fixtures and fittings - 25% on cost
Computer equipment - 20% on reducing balance

Stocks
Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Isinstore Ltd (Registered number: 12434943)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 12 (2023 - 14 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023
and 31 January 2024 10,000
AMORTISATION
At 1 February 2023 6,000
Charge for year 2,000
At 31 January 2024 8,000
NET BOOK VALUE
At 31 January 2024 2,000
At 31 January 2023 4,000

5. TANGIBLE FIXED ASSETS
Improvements
to Fixtures
leasehold and Computer
premises fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 22,709 1,625 94,694 119,028
Additions - - 51,805 51,805
At 31 January 2024 22,709 1,625 146,499 170,833
DEPRECIATION
At 1 February 2023 4,542 1,217 29,421 35,180
Charge for year 4,541 408 23,416 28,365
At 31 January 2024 9,083 1,625 52,837 63,545
NET BOOK VALUE
At 31 January 2024 13,626 - 93,662 107,288
At 31 January 2023 18,167 408 65,273 83,848

Isinstore Ltd (Registered number: 12434943)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 689,938 564,765
Amounts owed by group undertakings 134,973 271,935
Other debtors 33,742 31,679
858,653 868,379

Other debtors includes prepayments and accrued income of £14,486 (2023 - £21,132).

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans and overdrafts 46,515 60,004
Trade creditors 257,255 137,270
Taxation and social security 110,313 117,734
Other creditors 368,211 401,362
782,294 716,370

Other creditors includes accruals and deferred income of £305,730 (2023 - £230,309).

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 140,013 169,178

9. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Invoice discounting facility 59,907 168,647
Bank loan 163,195 195,834
223,102 364,481

Invoice discounting facility, included in other creditors, and the bank loan are secured via a debenture over the assets of the company.

10. OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the
balance sheet is £104,269 (2023: £138,128).

Isinstore Ltd (Registered number: 12434943)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2024 and 31 January 2023:

31.1.24 31.1.23
£    £   
D Singh
Balance outstanding at start of year 203 1,373
Amounts advanced - 18,830
Amounts repaid (203 ) (20,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 203

S J Smith
Balance outstanding at start of year - -
Amounts advanced 5,000 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 -

The loans were interest free and repayable on demand.