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
Tangible assets
6,616
1,607
Cash at bank and in hand
51,295
51,644
Creditors: amounts falling due within one year
(33,457)
(23,420)
Net current assets
73,046
72,627
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
Isolex Consulting Limited
Notes to the Accounts
for the year ended 31 March 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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.
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 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.
Isolex Consulting Limited
Notes to the Accounts
for the year ended 31 March 2024
4
Tangible fixed assets
Computer equipment
Amounts falling due within one year
Trade debtors
16,380
30,225
Other debtors
38,828
14,178
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
31,611
21,855
Allotted, called up and fully paid:
1 Ordinary shares of £1 each
1
1
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
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).