2023-06-012024-05-312024-05-31false12630087ISB PAYROLL LTD2024-09-1682990iso4217:GBPxbrli:pure126300872023-06-01126300872024-05-31126300872023-06-012024-05-31126300872022-06-01126300872023-05-31126300872022-06-012023-05-3112630087bus:SmallEntities2023-06-012024-05-3112630087bus:AuditExempt-NoAccountantsReport2023-06-012024-05-3112630087bus:FullAccounts2023-06-012024-05-3112630087bus:PrivateLimitedCompanyLtd2023-06-012024-05-3112630087core:WithinOneYear2024-05-3112630087core:AfterOneYear2024-05-3112630087core:WithinOneYear2023-05-3112630087core:AfterOneYear2023-05-3112630087core:ShareCapital2024-05-3112630087core:SharePremium2024-05-3112630087core:RevaluationReserve2024-05-3112630087core:OtherReservesSubtotal2024-05-3112630087core:RetainedEarningsAccumulatedLosses2024-05-3112630087core:ShareCapital2023-05-3112630087core:SharePremium2023-05-3112630087core:RevaluationReserve2023-05-3112630087core:OtherReservesSubtotal2023-05-3112630087core:RetainedEarningsAccumulatedLosses2023-05-3112630087core:LandBuildings2024-05-3112630087core:PlantMachinery2024-05-3112630087core:Vehicles2024-05-3112630087core:FurnitureFittings2024-05-3112630087core:OfficeEquipment2024-05-3112630087core:NetGoodwill2024-05-3112630087core:IntangibleAssetsOtherThanGoodwill2024-05-3112630087core:ListedExchangeTraded2024-05-3112630087core:UnlistedNon-exchangeTraded2024-05-3112630087core:LandBuildings2023-05-3112630087core:PlantMachinery2023-05-3112630087core:Vehicles2023-05-3112630087core:FurnitureFittings2023-05-3112630087core:OfficeEquipment2023-05-3112630087core:NetGoodwill2023-05-3112630087core:IntangibleAssetsOtherThanGoodwill2023-05-3112630087core:ListedExchangeTraded2023-05-3112630087core:UnlistedNon-exchangeTraded2023-05-3112630087core:LandBuildings2023-06-012024-05-3112630087core:PlantMachinery2023-06-012024-05-3112630087core:Vehicles2023-06-012024-05-3112630087core:FurnitureFittings2023-06-012024-05-3112630087core:OfficeEquipment2023-06-012024-05-3112630087core:NetGoodwill2023-06-012024-05-3112630087core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112630087core:ListedExchangeTraded2023-06-012024-05-3112630087core:UnlistedNon-exchangeTraded2023-06-012024-05-3112630087core:MoreThanFiveYears2023-06-012024-05-3112630087core:Non-currentFinancialInstruments2024-05-3112630087core:Non-currentFinancialInstruments2023-05-3112630087dpl:CostSales2023-06-012024-05-3112630087dpl:DistributionCosts2023-06-012024-05-3112630087core:LandBuildings2023-06-012024-05-3112630087core:PlantMachinery2023-06-012024-05-3112630087core:Vehicles2023-06-012024-05-3112630087core:FurnitureFittings2023-06-012024-05-3112630087core:OfficeEquipment2023-06-012024-05-3112630087dpl:AdministrativeExpenses2023-06-012024-05-3112630087core:NetGoodwill2023-06-012024-05-3112630087core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-3112630087dpl:GroupUndertakings2023-06-012024-05-3112630087dpl:ParticipatingInterests2023-06-012024-05-3112630087dpl:GroupUndertakingscore:ListedExchangeTraded2023-06-012024-05-3112630087core:ListedExchangeTraded2023-06-012024-05-3112630087dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-06-012024-05-3112630087core:UnlistedNon-exchangeTraded2023-06-012024-05-3112630087dpl:CostSales2022-06-012023-05-3112630087dpl:DistributionCosts2022-06-012023-05-3112630087core:LandBuildings2022-06-012023-05-3112630087core:PlantMachinery2022-06-012023-05-3112630087core:Vehicles2022-06-012023-05-3112630087core:FurnitureFittings2022-06-012023-05-3112630087core:OfficeEquipment2022-06-012023-05-3112630087dpl:AdministrativeExpenses2022-06-012023-05-3112630087core:NetGoodwill2022-06-012023-05-3112630087core:IntangibleAssetsOtherThanGoodwill2022-06-012023-05-3112630087dpl:GroupUndertakings2022-06-012023-05-3112630087dpl:ParticipatingInterests2022-06-012023-05-3112630087dpl:GroupUndertakingscore:ListedExchangeTraded2022-06-012023-05-3112630087core:ListedExchangeTraded2022-06-012023-05-3112630087dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-06-012023-05-3112630087core:UnlistedNon-exchangeTraded2022-06-012023-05-3112630087core:NetGoodwill2024-05-3112630087core:IntangibleAssetsOtherThanGoodwill2024-05-3112630087core:LandBuildings2024-05-3112630087core:PlantMachinery2024-05-3112630087core:Vehicles2024-05-3112630087core:FurnitureFittings2024-05-3112630087core:OfficeEquipment2024-05-3112630087core:AfterOneYear2024-05-3112630087core:WithinOneYear2024-05-3112630087core:ListedExchangeTraded2024-05-3112630087core:UnlistedNon-exchangeTraded2024-05-3112630087core:ShareCapital2024-05-3112630087core:SharePremium2024-05-3112630087core:RevaluationReserve2024-05-3112630087core:OtherReservesSubtotal2024-05-3112630087core:RetainedEarningsAccumulatedLosses2024-05-3112630087core:NetGoodwill2023-05-3112630087core:IntangibleAssetsOtherThanGoodwill2023-05-3112630087core:LandBuildings2023-05-3112630087core:PlantMachinery2023-05-3112630087core:Vehicles2023-05-3112630087core:FurnitureFittings2023-05-3112630087core:OfficeEquipment2023-05-3112630087core:AfterOneYear2023-05-3112630087core:WithinOneYear2023-05-3112630087core:ListedExc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ISB PAYROLL LTD

Registered Number
12630087
(England and Wales)

Unaudited Financial Statements for the Year ended
31 May 2024

ISB PAYROLL LTD
Company Information
for the year from 1 June 2023 to 31 May 2024

Director

BURNELL, Darren

Registered Address

78 York Street
London
W1H 1DP

Registered Number

12630087 (England and Wales)
ISB PAYROLL LTD
Balance Sheet as at
31 May 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3478637
478637
Current assets
Debtors4,5204,108294,988
Cash at bank and on hand35,0632,026
239,171297,014
Creditors amounts falling due within one year6(214,238)(291,640)
Net current assets (liabilities)24,9335,374
Total assets less current liabilities25,4116,011
Provisions for liabilities7-(209)
Net assets25,4115,802
Capital and reserves
Called up share capital11
Profit and loss account25,4105,801
Shareholders' funds25,4115,802
The financial statements were approved and authorised for issue by the Director on 16 September 2024, and are signed on its behalf by:
BURNELL, Darren
Director
Registered Company No. 12630087
ISB PAYROLL LTD
Notes to the Financial Statements
for the year ended 31 May 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Office Equipment25
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Related parties
For the purposes of these financial statements, a related party could be a person or an entity. Careful consideration is given to the definition of a related party to ensure that all related party relationships, transactions and balances are identified.
Government grants or assistance
Government grants are recognised as income in the period to which they relate.
2.Average number of employees

20242023
Average number of employees during the year12
3.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 June 231,2331,233
At 31 May 241,2331,233
Depreciation and impairment
At 01 June 23596596
Charge for year159159
At 31 May 24755755
Net book value
At 31 May 24478478
At 31 May 23637637
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables138,286228,049
Other debtors5,2718,439
Total143,557236,488
5.Debtors: amounts due after one year

2024

2023

££
Amounts owed by associates and joint ventures / participating interests 60,55058,500
Total60,55058,500
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables93,728-
Bank borrowings and overdrafts-182,910
Taxation and social security119,210104,926
Other creditors-3,603
Accrued liabilities and deferred income1,300201
Total214,238291,640
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)-209
Total-209
8.Directors advances, credits and guarantees

Brought forward

Amount advanced

Amount repaid

Carried forward

££££
BURNELL, Darren8,4391,5594,7265,272
8,4391,5594,7265,272
9.Related party transactions
During the year the company made a number of repayable advances to related third parties. There is no interest payable on these amounts and the loans are repayable on demand. Related Party Bfwd Advanced Repaid Cfwd Bumax Ltd 24,268 0 0 24,268 Hotel Services Group Ltd 18,132 6,151 4,151 20,132 Drink & Food Group Ltd 16,100 50 0 16,150