1 December 2022 false No description of principal activity Taxfiler 2024.5 10466140business:PrivateLimitedCompanyLtd2022-12-012023-11-30 104661402022-11-30 104661402022-12-012023-11-30 10466140business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 10466140business:AbridgedAccounts2022-12-012023-11-30 104661402023-11-30 104661402022-11-30 10466140core:WithinOneYear2023-11-30 10466140core:WithinOneYear2022-11-30 10466140core:AfterOneYear2023-11-30 10466140core:AfterOneYear2022-11-30 10466140core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 10466140core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 10466140core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 10466140core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 10466140core:PreviouslyStatedAmount2023-11-30 10466140core:PreviouslyStatedAmount2022-11-30 10466140business:SmallEntities2022-12-012023-11-30 10466140business:Director12022-12-012023-11-30 10466140countries:EnglandWales2022-12-012023-11-30 10466140business:RegisteredOffice2022-12-012023-11-30 10466140core:ComputerEquipment2022-12-012023-11-30 104661402021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 10466140 (England and Wales)
Ishango Limited Unaudited accounts for the year ended 30 November 2023
Ishango Limited Unaudited accounts Contents
Page
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Ishango Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
7,488 
10,658 
Investments
50 
50 
7,538 
10,708 
Current assets
Debtors
446,270 
240,107 
Cash at bank and in hand
15,303 
32,184 
461,573 
272,291 
Creditors: amounts falling due within one year
(515,106)
(330,899)
Net current liabilities
(53,533)
(58,608)
Total assets less current liabilities
(45,995)
(47,900)
Creditors: amounts falling due after more than one year
(16,667)
(25,103)
Net liabilities
(62,662)
(73,003)
Capital and reserves
Called up share capital
700 
700 
Profit and loss account
(63,362)
(73,703)
Shareholders' funds
(62,662)
(73,003)
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 28 August 2024 and were signed on its behalf by
Simon Bolderson Director Company Registration No. 10466140
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Ishango Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Ishango Limited is a private company, limited by shares, registered in England and Wales, registration number 10466140. The registered office is 22 ERGO BUSINESS PARK, KELVIN ROAD, SWINDON, SN3 3JW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade debtors, creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares. Short-term debtors are measured at transaction price, less any impairment.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
33% straight line
Jointly controlled entities
The company recognises its investments in jointly controlled entities using the cost model. The investments are measured at cost less any impairment losses.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Ishango Limited Notes to the Accounts for the year ended 30 November 2023
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 in other comprehensive income or directly in equity. Current taxation is recognised at the amount of tax payable using the tax rates and laws that have been enacted by the Balance Sheet date.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Research and development
Expenditure on research and development is written off in the year in which it is incurred.
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 December 2022
15,637 
Additions
2,142 
Disposals
(583)
At 30 November 2023
17,196 
Depreciation
At 1 December 2022
4,979 
Charge for the year
4,729 
At 30 November 2023
9,708 
Net book value
At 30 November 2023
7,488 
At 30 November 2022
10,658 
5
Pension commitments
The company operates a defined contribution scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amount to £10,907 (2022: £8,886).
6
Average number of employees
During the year the average number of employees was 10 (2022: 6).
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Ishango Limited Notes to the Accounts for the year ended 30 November 2023
7
Reconciliations on adoption of FRS 102
Reconciliation of equity
1 December 2021 
30 November 2022 
£ 
£ 
Capital and reserves (as previously stated)
97,008 
(109,300)
Deferred Tax
(2,700)
36,147 
Recognition of omitted investment
50 
50 
Recognition of omitted share capital
100 
Capital and reserves (as restated)
94,358 
(73,003)
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