IRIS Accounts Production v24.2.0.383 10661779 director 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary £1 0 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh106617792023-03-31106617792024-03-31106617792023-04-012024-03-31106617792022-03-31106617792022-04-012023-03-31106617792023-03-3110661779ns15:EnglandWales2023-04-012024-03-3110661779ns14:PoundSterling2023-04-012024-03-3110661779ns10:Director12023-04-012024-03-3110661779ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3110661779ns10:SmallEntities2023-04-012024-03-3110661779ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3110661779ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3110661779ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3110661779ns10:FullAccounts2023-04-012024-03-3110661779ns10:OrdinaryShareClass12023-04-012024-03-3110661779ns10:RegisteredOffice2023-04-012024-03-3110661779ns5:CurrentFinancialInstruments2024-03-3110661779ns5:CurrentFinancialInstruments2023-03-3110661779ns5:ShareCapital2024-03-3110661779ns5:ShareCapital2023-03-3110661779ns5:RetainedEarningsAccumulatedLosses2024-03-3110661779ns5:RetainedEarningsAccumulatedLosses2023-03-3110661779ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3110661779ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3110661779ns5:Secured2024-03-3110661779ns5:Secured2023-03-3110661779ns10:OrdinaryShareClass12024-03-3110661779ns5:RetainedEarningsAccumulatedLosses2023-03-3110661779ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-31
REGISTERED NUMBER: 10661779 (England and Wales)












ISC HOMES LIMITED

Unaudited Financial Statements

for the Year Ended 31 March 2024






ISC HOMES LIMITED (REGISTERED NUMBER: 10661779)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ISC HOMES LIMITED

Company Information
for the Year Ended 31 March 2024







DIRECTOR: R J Cook





REGISTERED OFFICE: The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB





REGISTERED NUMBER: 10661779 (England and Wales)





ACCOUNTANTS: The Bailey Partnership
Chartered Accountants
The Old Mill, Kings Mill
Kings Mill Lane
South Nutfield
Surrey
RH1 5NB

ISC HOMES LIMITED (REGISTERED NUMBER: 10661779)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 88,750 95,899
Cash at bank 522 687
89,272 96,586
CREDITORS
Amounts falling due within one year 5 38,000 43,079
NET CURRENT ASSETS 51,272 53,507
TOTAL ASSETS LESS CURRENT
LIABILITIES

51,272

53,507

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 51,172 53,407
SHAREHOLDERS' FUNDS 51,272 53,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 1 August 2024 and were signed by:





R J Cook - Director


ISC HOMES LIMITED (REGISTERED NUMBER: 10661779)

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

1. STATUTORY INFORMATION

ISC Homes 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.

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 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.

Holiday pay
No liability is recognised in respect of holiday pay as employees are unable to carry forward holiday into future periods.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 88,740 95,890
VAT 10 9
88,750 95,899

ISC HOMES LIMITED (REGISTERED NUMBER: 10661779)

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

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 6) 36,574 42,130
Other creditors 700 210
Accrued expenses 726 739
38,000 43,079

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 36,574 42,130

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 36,574 42,130

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 April 2023 53,407
Deficit for the year (2,235 )
At 31 March 2024 51,172