Caseware UK (AP4) 2023.0.135 2023.0.135 2024-09-302024-09-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.an advertising agency.2023-10-01false3128falsetruefalse 04802988 2023-10-01 2024-09-30 04802988 2022-10-01 2023-09-30 04802988 2024-09-30 04802988 2023-09-30 04802988 1 2023-10-01 2024-09-30 04802988 d:Director4 2023-10-01 2024-09-30 04802988 d:Director5 2023-10-01 2024-09-30 04802988 c:Buildings 2023-10-01 2024-09-30 04802988 c:Buildings 2024-09-30 04802988 c:Buildings 2023-09-30 04802988 c:Buildings c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04802988 c:Buildings c:LongLeaseholdAssets 2023-10-01 2024-09-30 04802988 c:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04802988 c:OtherPropertyPlantEquipment 2024-09-30 04802988 c:OtherPropertyPlantEquipment 2023-09-30 04802988 c:OtherPropertyPlantEquipment c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04802988 c:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 04802988 c:CurrentFinancialInstruments 2024-09-30 04802988 c:CurrentFinancialInstruments 2023-09-30 04802988 c:CurrentFinancialInstruments c:WithinOneYear 2024-09-30 04802988 c:CurrentFinancialInstruments c:WithinOneYear 2023-09-30 04802988 c:ShareCapital 2024-09-30 04802988 c:ShareCapital 2023-09-30 04802988 c:CapitalRedemptionReserve 2024-09-30 04802988 c:CapitalRedemptionReserve 2023-09-30 04802988 c:RetainedEarningsAccumulatedLosses 2024-09-30 04802988 c:RetainedEarningsAccumulatedLosses 2023-09-30 04802988 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-09-30 04802988 c:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-09-30 04802988 d:OrdinaryShareClass1 2023-10-01 2024-09-30 04802988 d:OrdinaryShareClass1 2024-09-30 04802988 d:FRS102 2023-10-01 2024-09-30 04802988 d:IndependentExaminationCharity 2023-10-01 2024-09-30 04802988 d:FullAccounts 2023-10-01 2024-09-30 04802988 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04802988 c:WithinOneYear 2024-09-30 04802988 c:WithinOneYear 2023-09-30 04802988 c:BetweenOneFiveYears 2024-09-30 04802988 c:BetweenOneFiveYears 2023-09-30 04802988 2 2023-10-01 2024-09-30 04802988 e:PoundSterling 2023-10-01 2024-09-30 04802988 c:EntityControlledByKeyManagementPersonnel1 2023-10-01 2024-09-30 04802988 c:EntityControlledByKeyManagementPersonnel1 2024-09-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 04802988









ISOBEL ADVERTISING LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
ISOBEL ADVERTISING LIMITED
REGISTERED NUMBER: 04802988

STATEMENT OF FINANCIAL POSITION
AS AT 30 SEPTEMBER 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
48,434
12,385

Current assets
  

Debtors: amounts falling due within one year
 5 
1,803,049
1,769,602

Cash at bank and in hand
 6 
229,233
291,016

  
2,032,282
2,060,618

Creditors: amounts falling due within one year
 7 
(973,128)
(942,632)

Net current assets
  
 
 
1,059,154
 
 
1,117,986

Total assets less current liabilities
  
1,107,588
1,130,371

Provisions for liabilities
  

Other provisions
 8 
(25,000)
(25,000)

Net assets
  
1,082,588
1,105,371


Capital and reserves
  

Called up share capital 
 9 
50,000
50,000

Capital redemption reserve
  
100,000
100,000

Profit and loss account
  
932,588
955,371

  
1,082,588
1,105,371


Page 1

 
ISOBEL ADVERTISING LIMITED
REGISTERED NUMBER: 04802988
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 SEPTEMBER 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 21 January 2025.




P A Houlding
S J Laing
Director
Director


The notes on pages 3 to 10 form part of these financial statements.

Page 2

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

Isobel Advertising Limited is a company limited by shares, incorporated in England and Wales. The address of the registered office is 3 Brook Business Centre, Cowley Mill Road, Uxbridge, Middlesex, UB8 2FX.
The company is an advertising agency.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The directors note that the company is trading adequately and has sufficient working capital and other finance available to continue trading for a period of not less than 12 months from the date of approval of these financial statements. As such, the directors believe that there are no significant uncertainties in their assessment of whether the business is a going concern and therefore have prepared the accounts on a going concern basis.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Rendering of services
Revenue from a contract to provide services is recognised in the year in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract;
• the stage of completion of the contract at the reporting date can be measured reliably; and
• the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.4

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following bases:

Long term leasehold property
-
Over the life of the lease
Other fixed assets
-
3 years straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to the Statement of comprehensive income on a straight-line basis over the lease term.

Page 4

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.9

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in the Statement of comprehensive income when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.10

Interest income

Interest income is recognised in the Statement of comprehensive income using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.12

Current and deferred taxation

Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Page 5

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.13

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties 
 
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.


3.


Employees

The average monthly number of employees, including directors, during the year was 31 (2023 - 28).

Page 6

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Tangible fixed assets





Long term leasehold property
Other fixed assets
Total

£
£
£



Cost


At 1 October 2023
167,304
520,005
687,309


Additions
31,171
19,436
50,607


Disposals
-
(1,200)
(1,200)



At 30 September 2024

198,475
538,241
736,716



Depreciation


At 1 October 2023
166,716
508,208
674,924


Charge for the year
272
13,186
13,458


Disposals
-
(100)
(100)



At 30 September 2024

166,988
521,294
688,282



Net book value



At 30 September 2024
31,487
16,947
48,434



At 30 September 2023
588
11,797
12,385

Page 7

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

5.


Debtors

2024
2023
£
£


Trade debtors
372,710
371,628

Amounts owed by group undertakings
1,266,764
1,223,120

Other debtors
21,175
26,692

Prepayments and accrued income
142,400
148,162

1,803,049
1,769,602



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
229,233
291,016

229,233
291,016



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
205,049
276,896

Amounts owed to group undertakings
452,479
195,811

Corporation tax
476
-

Other taxation and social security
83,662
105,116

Other creditors
61,896
79,206

Accruals and deferred income
169,566
285,603

973,128
942,632


Page 8

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

8.


Provisions





Dilapidation provision

£





At 1 October 2023
25,000



At 30 September 2024
25,000


9.


Share capital

2024
2023
£
£
Authorised, allotted, called up and fully paid



50,000 Ordinary shares of £1 each
50,000
50,000



10.


Pension commitments

The company operates a defined contribution pension scheme in respect of its staff. The pension charge represents contributions due from the company and amounted to £26,304 (2023 - £13,571). Contributions totalling £9,506 (2023 - £6,524) were outstanding as at the year end.


11.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£



Not later than 1 year
188,481
188,481

Later than 1 year and not later than 5 years
329,841
518,322

518,322
706,803


12.


Related party transactions

During the year, the company was charged consultancy fees of £70,140 (2023 - £66,710) by Clearwater Business and Financial Planning Limited, a company with a common director. At the year end, the company owed Clearwater Business and Financial Planning Limited £6,240 (2023 - £9,636)
 
The company has adopted the exemption permitted by Financial Reporting Standard 102, not to disclose any transactions with the ultimate parent company, as it is wholly owned, or any wholly owned subsidiary undertakings of the group.

Page 9

 
ISOBEL ADVERTISING LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13.


Post balance sheet events

There are no subsequent events that require disclosure or adjustments to the financial statements.


14.


Ultimate parent company and controlling party

The ultimate parent company is Isobel Group Limited, a company incorporated in England and Wales.
There is no ultimate controlling party. 

 
Page 10