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REGISTERED NUMBER: 14288744 (England and Wales)










Financial Statements

For The Year Ended 31 August 2024

for

Isis Facility Services Ltd

Isis Facility Services Ltd (Registered number: 14288744)

Contents of the Financial Statements
For The Year Ended 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Isis Facility Services Ltd

Company Information
For The Year Ended 31 August 2024







DIRECTOR: Miss J J C Venters





REGISTERED OFFICE: Unit 12
Atley Business Park
Atley Way
Cramlington
NE23 1WP





REGISTERED NUMBER: 14288744 (England and Wales)





ACCOUNTANTS: Cahill Jack Associates Limited
91 Alexander Street
Airdrie
North Lanarkshire
ML6 0BD

Isis Facility Services Ltd (Registered number: 14288744)

Balance Sheet
31 August 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 127,452 73,168

CURRENT ASSETS
Debtors 5 270,656 279,721
Cash at bank and in hand 37,774 35,435
308,430 315,156
CREDITORS
Amounts falling due within one year 6 227,241 256,293
NET CURRENT ASSETS 81,189 58,863
TOTAL ASSETS LESS CURRENT
LIABILITIES

208,641

132,031

CREDITORS
Amounts falling due after more than one
year

7

(33,306

)

(23,741

)

PROVISIONS FOR LIABILITIES 9 (22,735 ) (13,747 )
NET ASSETS 152,600 94,543

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 152,500 94,443
152,600 94,543

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

Isis Facility Services Ltd (Registered number: 14288744)

Balance Sheet - continued
31 August 2024


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2024 and were signed by:





Miss J J C Venters - Director


Isis Facility Services Ltd (Registered number: 14288744)

Notes to the Financial Statements
For The Year Ended 31 August 2024


1. STATUTORY INFORMATION

Isis Facility Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 derived from combined facilities support activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Isis Facility Services Ltd (Registered number: 14288744)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 28 (2023 - 19 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 September 2023 93,977
Additions 103,250
Disposals (22,416 )
At 31 August 2024 174,811
DEPRECIATION
At 1 September 2023 20,809
Charge for year 32,483
Eliminated on disposal (5,933 )
At 31 August 2024 47,359
NET BOOK VALUE
At 31 August 2024 127,452
At 31 August 2023 73,168

Isis Facility Services Ltd (Registered number: 14288744)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 September 2023 71,610
Additions 53,800
Disposals (9,076 )
At 31 August 2024 116,334
DEPRECIATION
At 1 September 2023 15,703
Charge for year 23,856
Eliminated on disposal (2,269 )
At 31 August 2024 37,290
NET BOOK VALUE
At 31 August 2024 79,044
At 31 August 2023 55,907

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 266,083 277,421
Other debtors 4,573 2,300
270,656 279,721

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 36,416 32,241
Trade creditors 33,474 55,549
Taxation and social security 89,116 83,080
Other creditors 68,235 85,423
227,241 256,293

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 33,306 23,741

Isis Facility Services Ltd (Registered number: 14288744)

Notes to the Financial Statements - continued
For The Year Ended 31 August 2024


8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 69,722 55,982
Lloyds Bank Plc 16,159 29,463
85,881 85,445

All hire purchase assets are secured by the asset concerned.

The company uses Lloyds Bank Plc invoice discounting. Two specific customer book debts are secured to Lloyds Bank Plc.

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 22,735 13,747

Deferred
tax
£   
Balance at 1 September 2023 13,747
Accelerated capital allowances 8,988
Balance at 31 August 2024 22,735

10. RELATED PARTY DISCLOSURES

The company paid £29,500 rent in that period to a pension scheme controlled by the 100% shareholder.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr. Frazer Mark MacDonald Venters.