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REGISTERED NUMBER: 03500179 (England and Wales)















AUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ISCA UK LIMITED

ISCA UK LIMITED (REGISTERED NUMBER: 03500179)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ISCA UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: R J Boyle
K J Harris
H C Haeffner
A J Hudson





SECRETARY: R J Boyle





REGISTERED OFFICE: Unit 29
Nine Mile Point Industrial Estate
Crosskeys
Newport
NP11 7HZ





REGISTERED NUMBER: 03500179 (England and Wales)





AUDITORS: Xeinadin Audit Limited
(Statutory Auditor)
Court House
Court Road
Bridgend
CF31 1BE

ISCA UK LIMITED (REGISTERED NUMBER: 03500179)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 382,703 416,939

CURRENT ASSETS
Stocks 887,849 888,958
Debtors 5 1,835,528 2,504,937
Cash at bank 2,476,684 1,900,228
5,200,061 5,294,123
CREDITORS
Amounts falling due within one year 6 1,172,858 1,385,973
NET CURRENT ASSETS 4,027,203 3,908,150
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,409,906

4,325,089

PROVISIONS FOR LIABILITIES 29,225 34,429
NET ASSETS 4,380,681 4,290,660

CAPITAL AND RESERVES
Called up share capital 16,510 16,510
Share premium 5,067 5,067
Revaluation reserve 9 78,392 78,392
Capital redemption reserve 13,500 13,500
Retained earnings 4,267,212 4,177,191
SHAREHOLDERS' FUNDS 4,380,681 4,290,660

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 Board of Directors and authorised for issue on 19 September 2024 and were signed on its behalf by:




R J Boyle - Director



K J Harris - Director


ISCA UK LIMITED (REGISTERED NUMBER: 03500179)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

ISCA UK 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.

Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers. Sales are recognised at the point at which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product, such as obsolescence, have been transferred to the customer.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on cost and 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, 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 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.

ISCA UK LIMITED (REGISTERED NUMBER: 03500179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


2. ACCOUNTING POLICIES - continued

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


Foreign currencies
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 rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 19 (2022 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 346,660 704,916 1,051,576
Additions - 37,540 37,540
At 31 December 2023 346,660 742,456 1,089,116
DEPRECIATION
At 1 January 2023 82,681 551,956 634,637
Charge for year 12,033 59,743 71,776
At 31 December 2023 94,714 611,699 706,413
NET BOOK VALUE
At 31 December 2023 251,946 130,757 382,703
At 31 December 2022 263,979 152,960 416,939

ISCA UK LIMITED (REGISTERED NUMBER: 03500179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,632,707 2,161,743
Other debtors 202,821 343,194
1,835,528 2,504,937

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 772,014 1,163,369
Taxation and social security 314,500 166,950
Other creditors 86,344 55,654
1,172,858 1,385,973

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2023 2022
£    £   
Within one year 79,185 81,215
Between one and five years 4,737 83,923
83,922 165,138

8. SECURED DEBTS

Security has been given to the company's bankers as follows:

- a fixed and floating charge related to the invoice discounting facility (terminated 28/02/2023)
- a charge over Unit 29 Nine Mile Point Industrial Estate, Newport, dated 01/08/2003

9. RESERVES
Revaluation
reserve
£   
At 1 January 2023
and 31 December 2023 78,392

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Nigel Williams BCOM FCA (Senior Statutory Auditor)
for and on behalf of Xeinadin Audit Limited

ISCA UK LIMITED (REGISTERED NUMBER: 03500179)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
H C Haeffner
Balance outstanding at start of year 1,427 -
Amounts advanced 650 1,427
Amounts repaid (1,427 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 650 1,427

K J Harris
Balance outstanding at start of year - -
Amounts advanced 98,394 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 98,394 -

12. RELATED PARTY DISCLOSURES

Included in creditors due within one year are amounts owed to the directors of £705 (2022: £7,608).