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Company Registration No. 13472671 (England and Wales)
Isolex Consulting Limited Unaudited accounts for the year ended 31 March 2024
Isolex Consulting Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
6,616 
1,607 
Current assets
Debtors
55,208 
44,403 
Cash at bank and in hand
51,295 
51,644 
106,503 
96,047 
Creditors: amounts falling due within one year
(33,457)
(23,420)
Net current assets
73,046 
72,627 
Net assets
79,662 
74,234 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
79,661 
74,233 
Shareholders' funds
79,662 
74,234 
For the year ending 31 March 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 his 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 26 November 2024 and were signed on its behalf by
A M Jolley Director Company Registration No. 13472671
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Isolex Consulting Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Isolex Consulting Limited is a private company, limited by shares, registered in England and Wales, registration number 13472671. The registered office is 2 The Orchards, Wilburton, Ely, CB6 3SH.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover 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.
Presentation currency
The accounts are presented in £ sterling.
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:
Computer equipment
33% Straight line
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Isolex Consulting Limited Notes to the Accounts for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 April 2023
3,019 
Additions
7,940 
At 31 March 2024
10,959 
Depreciation
At 1 April 2023
1,412 
Charge for the year
2,931 
At 31 March 2024
4,343 
Net book value
At 31 March 2024
6,616 
At 31 March 2023
1,607 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
16,380 
30,225 
Other debtors
38,828 
14,178 
55,208 
44,403 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
- 
115 
Taxes and social security
31,611 
21,855 
Accruals
1,846 
1,450 
33,457 
23,420 
7
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1 
1 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Loan advanced in the year. Interest is charged at 2.25% per annum.
14,108 
25,384 
14,108 
25,384 
14,108 
25,384 
14,108 
25,384 
- 4 -
Isolex Consulting Limited Notes to the Accounts for the year ended 31 March 2024
9
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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