ISC BEST PRACTICE CONSULTANCY LIMITED

Company Registration Number:
05521055 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ISC BEST PRACTICE CONSULTANCY LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ISC BEST PRACTICE CONSULTANCY LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 101,311 99,482
Cost of sales: ( 29,565 ) ( 50,819 )
Gross profit(or loss): 71,746 48,663
Distribution costs: ( 7,295 ) ( 2,888 )
Administrative expenses: ( 10,093 ) ( 10,664 )
Other operating income: 0 0
Operating profit(or loss): 54,358 35,111
Interest receivable and similar income: 0 0
Interest payable and similar charges: ( 18,830 ) ( 11,073 )
Profit(or loss) before tax: 35,528 24,038
Tax: 0
Profit(or loss) for the financial year: 35,528 24,038

ISC BEST PRACTICE CONSULTANCY LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 172,437 87,586
Tangible assets: 4 65 65
Investments:   0 0
Total fixed assets: 172,502 87,651
Current assets
Stocks: 5 118,183 168,047
Debtors: 6 14,526 0
Cash at bank and in hand: 4,935 8,166
Investments:   0 0
Total current assets: 137,644 176,213
Prepayments and accrued income: 0 0
Creditors: amounts falling due within one year: 7 ( 85,453 ) ( 41,773 )
Net current assets (liabilities): 52,191 134,440
Total assets less current liabilities: 224,693 222,091
Creditors: amounts falling due after more than one year: 8 ( 164,144 ) ( 176,814 )
Provision for liabilities: 0 0
Accruals and deferred income: ( 40,727 ) ( 58,440 )
Total net assets (liabilities): 19,822 (13,163)
Capital and reserves
Called up share capital: 100 100
Share premium account: 0 0
Other reserves: 0 0
Profit and loss account: 19,722 (13,263 )
Total Shareholders' funds: 19,822 (13,163)

The notes form part of these financial statements

ISC BEST PRACTICE CONSULTANCY LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 27 September 2024
and signed on behalf of the board by:

Name: Colin R. Coleman
Status: Director

The notes form part of these financial statements

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 2 2

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Intangible assets

Goodwill Other Total
Cost £ £ £
At 1 January 2023 87,586 87,586
Additions 84,851 84,851
Disposals
Revaluations
Transfers
At 31 December 2023 172,437 172,437
Amortisation
At 1 January 2023 0 0
Charge for year 0 0
On disposals 0 0
Other adjustments 0 0
At 31 December 2023 0 0
Net book value
At 31 December 2023 172,437 172,437
At 31 December 2022 87,586 87,586

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 19,684 19,684
Additions
Disposals
Revaluations
Transfers
At 31 December 2023 19,684 19,684
Depreciation
At 1 January 2023 19,619 19,619
Charge for year
On disposals
Other adjustments
At 31 December 2023 19,619 19,619
Net book value
At 31 December 2023 65 65
At 31 December 2022 65 65

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Stocks

2023 2022
£ £
Stocks 118,183 168,047
Total 118,183 168,047

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

6. Debtors

2023 2022
£ £
Trade debtors 14,526 0
Total 14,526 0
Debtors due after more than one year: 0 0

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

7. Creditors: amounts falling due within one year note

2023 2022
£ £
Bank loans and overdrafts 11,199 4,667
Amounts due under finance leases and hire purchase contracts 8,722 0
Trade creditors 35,065 31,587
Taxation and social security 0 4,880
Accruals and deferred income 30,467 492
Other creditors 0 147
Total 85,453 41,773

ISC BEST PRACTICE CONSULTANCY LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

8. Creditors: amounts falling due after more than one year note

2023 2022
£ £
Bank loans and overdrafts 158,322 176,814
Amounts due under finance leases and hire purchase contracts 5,822 0
Other creditors 0 0
Total 164,144 176,814