Company Registration No. 01980107 (England and Wales)
Isoton Limited
Unaudited accounts
for the year ended 30 April 2024
Isoton Limited
Unaudited accounts
Contents
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
Isoton Limited
Statement of financial position
as at 30 April 2024
Tangible assets
1,459
1,945
Investment property
2,089,022
2,133,822
Cash at bank and in hand
273,055
364,642
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
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
Isoton Limited
Notes to the Accounts
for the year ended 30 April 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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
Isoton Limited
Notes to the Accounts
for the year ended 30 April 2024
4
Tangible fixed assets
Plant & machinery
Fair value at 1 May 2023
2,133,822
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).
Amounts falling due within one year
Accrued income and prepayments
1,496
835
Other debtors
90,000
60,000
7
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
14,681
17,593
Loans from directors
9,268
130,272
Allotted, called up and fully paid:
1,209 Ordinary shares of £1 each
1,209
1,209
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).