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Registration number: 12364026

ISSOS Technologies Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

ISSOS Technologies Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 3

 

ISSOS Technologies Limited

(Registration number: 12364026)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

5,955

5,738

Creditors: Amounts falling due within one year

5

(2,380)

(1,000)

Net assets

 

3,575

4,738

Capital and reserves

 

Called up share capital

100

100

Share premium reserve

99,970

99,970

Retained earnings

(96,495)

(95,332)

Shareholders' funds

 

3,575

4,738

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 29 August 2024 and signed on its behalf by:
 

.........................................
A R Peart
Director

 

ISSOS Technologies Limited

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

1

General information

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

The address of its registered office is:
Unit 3
The Farrowing
Fir Tree Farm Oxford Road
Newbury
Berkshire
RG20 8RT
United Kingdom

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 have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

Going concern

The directors believe the company has adequate resources to continue in operational existence such that they believe the continued use of the going concern basis to be appropriate.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the manufacturing of air and
spacecraft and related machinery in the ordinary course of the company’s activities. Turnover is shown net of
sales/value added tax, returns, rebates and discounts.

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.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2022 - 3).

 

ISSOS Technologies Limited

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

4

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

1,068

1,068

Amounts owed by related parties

6

4,887

4,670

   

5,955

5,738

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

1,380

-

Other creditors

1,000

1,000

2,380

1,000

6

Related party transactions

Summary of transactions with other related parties

ISSOS Technology Limited is controlled by ISS Group Limited. During the period the company made purchases from ISS Group Limited of £NIL (2022: £NIL ). At the balance sheet date the amount due from ISS Group Limited was £4,887 (2022: £4,670).

Operational Solutions Limited is a related party. During the period the company made sales of £NIL (2022: £NIL) to Operational Solutions Limited. At the balance sheet date the amount due from Operational Solutions Limited was £1,068 (2022: £1,068).