1 May 2023 false Taxfiler 2024.5 01980107business:PrivateLimitedCompanyLtd2023-05-012024-04-30 019801072023-04-30 019801072023-05-012024-04-30 01980107business:AuditExemptWithAccountantsReport2023-05-012024-04-30 01980107business:FilletedAccounts2023-05-012024-04-30 019801072024-04-30 01980107business:Director12023-05-012024-04-30 01980107business:RegisteredOffice2023-05-012024-04-30 019801072023-04-30 01980107core:WithinOneYear2024-04-30 01980107core:WithinOneYear2023-04-30 01980107core:ShareCapitalcore:PreviouslyStatedAmount2024-04-30 01980107core:ShareCapitalcore:PreviouslyStatedAmount2023-04-30 01980107core:SharePremiumcore:PreviouslyStatedAmount2024-04-30 01980107core:SharePremiumcore:PreviouslyStatedAmount2023-04-30 01980107core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2024-04-30 01980107core:InvestmentPropertiesRevaluationReservecore:PreviouslyStatedAmount2023-04-30 01980107core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-04-30 01980107core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-04-30 01980107core:PreviouslyStatedAmount2024-04-30 01980107core:PreviouslyStatedAmount2023-04-30 01980107business:SmallEntities2023-05-012024-04-30 01980107countries:EnglandWales2023-05-012024-04-30 01980107core:PlantMachinery2023-05-012024-04-30 01980107core:PlantMachinery2023-04-30 01980107core:PlantMachinery2024-04-30 01980107business:OrdinaryShareClass12023-05-012024-04-30 01980107business:OrdinaryShareClass12022-05-012023-04-30 019801072022-05-012023-04-30 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 01980107 (England and Wales)
Isoton Limited Unaudited accounts for the year ended 30 April 2024
Isoton Limited Unaudited accounts Contents
Page
- 2 -
Isoton Limited Company Information for the year ended 30 April 2024
Director
Mrs Anne Patricia Timmis
Company Number
01980107 (England and Wales)
Registered Office
The Manor Lane Harlaston Tamworth B79 9JS England
Accountants
Sage Accounting Ltd 19 Lomond Close Tamworth Staffordshire United Kingdom B79 8ET
- 3 -
Isoton Limited Statement of financial position as at 30 April 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,459 
1,945 
Investment property
2,089,022 
2,133,822 
2,090,481 
2,135,767 
Current assets
Debtors
91,680 
60,835 
Cash at bank and in hand
273,055 
364,642 
364,735 
425,477 
Creditors: amounts falling due within one year
(30,265)
(152,679)
Net current assets
334,470 
272,798 
Net assets
2,424,951 
2,408,565 
Capital and reserves
Called up share capital
1,209 
1,209 
Share premium
209,990 
209,990 
Fair value reserve
161,181 
- 
Profit and loss account
2,052,571 
2,197,366 
Shareholders' funds
2,424,951 
2,408,565 
For the year ending 30 April 2024 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
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 and authorised for issue on 17 September 2024 and were signed on its behalf by
Mrs Anne Patricia Timmis Director Company Registration No. 01980107
- 4 -
Isoton Limited Notes to the Accounts for the year ended 30 April 2024
1
Statutory information
Isoton Limited is a private company, limited by shares, registered in England and Wales, registration number 01980107. The registered office is The Manor Lane, Harlaston, Tamworth, B79 9JS, 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.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
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:
Plant & machinery
25% reducing balance
- 5 -
Isoton Limited Notes to the Accounts for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 May 2023
3,457 
At 30 April 2024
3,457 
Depreciation
At 1 May 2023
1,512 
Charge for the year
486 
At 30 April 2024
1,998 
Net book value
At 30 April 2024
1,459 
At 30 April 2023
1,945 
5
Investment property
2024 
£ 
Fair value at 1 May 2023
2,133,822 
Disposals
(44,800)
At 30 April 2024
2,089,022 
If investment property had not been revalued it would have been included at the historical cost of £1,972,641 (2022: £1,972,641).
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
184 
- 
Accrued income and prepayments
1,496 
835 
Other debtors
90,000 
60,000 
91,680 
60,835 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
- 
574 
Taxes and social security
14,681 
17,593 
Loans from directors
9,268 
130,272 
Accruals
6,316 
4,240 
30,265 
152,679 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1,209 Ordinary shares of £1 each
1,209 
1,209 
- 6 -
Isoton Limited Notes to the Accounts for the year ended 30 April 2024
9
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 7 -