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REGISTERED NUMBER: 10604034 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

ISET SOLUTIONS LIMITED

ISET SOLUTIONS LIMITED (REGISTERED NUMBER: 10604034)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Statement of Financial Position 1

Notes to the Financial Statements 2


ISET SOLUTIONS LIMITED (REGISTERED NUMBER: 10604034)

STATEMENT OF FINANCIAL POSITION
30 APRIL 2024

30/4/24 30/4/23
Notes £    £    £    £   
FIXED ASSETS
Investments 4 50 50

CURRENT ASSETS
Debtors 5 53,180 83,820
Cash at bank 959 4,270
54,139 88,090
CREDITORS
Amounts falling due within one year 6 8,463 8,320
NET CURRENT ASSETS 45,676 79,770
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,726

79,820

CREDITORS
Amounts falling due after more than one year 7 25,694 31,488
NET ASSETS 20,032 48,332

CAPITAL AND RESERVES
Called up share capital 8 12 12
Retained earnings 20,020 48,320
SHAREHOLDERS' FUNDS 20,032 48,332

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 October 2024 and were signed on its behalf by:





N A Booth - Director


ISET SOLUTIONS LIMITED (REGISTERED NUMBER: 10604034)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

Iset Solutions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10604034

Registered office: E2 The Pavilion
Strelley Hall
Nottingham
Nottinghamshire
NG8 6PE

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investments in associates
Investments in associate undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 May 2023
and 30 April 2024 50
NET BOOK VALUE
At 30 April 2024 50
At 30 April 2023 50

ISET SOLUTIONS LIMITED (REGISTERED NUMBER: 10604034)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

4. FIXED ASSET INVESTMENTS - continued

The company's investments at the Statement of Financial Position date in the share capital of companies include the following:

Associated company

Iset UK Fire and Security Distribution Ltd
Registered office: United Kingdom
Nature of business: CCTV, Fire and security equipment distribution
%
Class of shares: holding
Ordinary 50.00
30/4/24 30/4/23
£    £   
Aggregate capital and reserves 15,990 10,799
Profit for the year 5,191 10,699

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Amounts owed by associates 48,507 68,702
Other debtors 4,673 15,118
53,180 83,820

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans and overdrafts 5,878 5,735
Other creditors 2,585 2,585
8,463 8,320

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30/4/24 30/4/23
£    £   
Bank loans 25,694 31,488

Amounts falling due in more than five years:

Repayable by instalments
Bank loans 641 7,061

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30/4/24 30/4/23
value: £    £   
12 Ordinary £1 12 12

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £46,708 (2023 - £66,000) were paid to the directors .

The controlling party is the directors, Mr NA Booth and Miss CA Easton.