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REGISTERED NUMBER: 06587289 (England and Wales)



































Unaudited Financial Statements

for the Year Ended 31 December 2024

for

ISI (Europe) Limited

ISI (Europe) Limited (Registered number: 06587289)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ISI (Europe) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTOR: J A Hendrickson





REGISTERED OFFICE: Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB





REGISTERED NUMBER: 06587289 (England and Wales)





ACCOUNTANTS: Paterson Brodie Limited
Chartered Certified Accountants
Cliveden Chambers
Cliveden Place
Longton
Stoke-on-Trent
Staffordshire
ST3 4JB

ISI (Europe) Limited (Registered number: 06587289)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 859 1,147

CURRENT ASSETS
Debtors 5 8,987 12,310
Cash at bank 553,273 834,423
562,260 846,733
CREDITORS
Amounts falling due within one year 6 559,857 837,194
NET CURRENT ASSETS 2,403 9,539
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,262

10,686

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 3,162 10,586
SHAREHOLDERS' FUNDS 3,262 10,686

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

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

The director acknowledges his 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.

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 11 February 2025 and were signed by:





J A Hendrickson - Director


ISI (Europe) Limited (Registered number: 06587289)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

ISI (Europe) Limited is a subsidiary of ISI-USA, Inc. It is limited by shares, registered in England and Wales. The company's registered number and registered 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 measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on reducing balance

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024
and 31 December 2024 4,034
DEPRECIATION
At 1 January 2024 2,887
Charge for year 288
At 31 December 2024 3,175
NET BOOK VALUE
At 31 December 2024 859
At 31 December 2023 1,147

5. DEBTORS
31.12.24 31.12.23
£    £   
Amounts falling due within one year:
Trade debtors - 3,325
Other debtors 15 15
VAT 47 45
62 3,385

ISI (Europe) Limited (Registered number: 06587289)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

5. DEBTORS - continued
31.12.24 31.12.23
£    £   
Amounts falling due after more than one year:
Amounts owed by participating interests 8,925 8,925

Aggregate amounts 8,987 12,310

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 80 53
Amounts owed to participating interests 546,891 681,917
Tax 5,461 102,959
Other creditors 4,050 49,500
Directors' current accounts 140 140
Accrued expenses 3,235 2,625
559,857 837,194

7. RELATED PARTY DISCLOSURES

At the period end date the intercompany balance to the parent company (ISI - USA, Inc) was £546891 (31/12/23 - £681917). Dividends of £22950 were paid to the parent company on 31/12/24. Sales of £67036 (31.12.23 - £488807) were made to ISI Europe SRL during the year.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is ISI-USA, Inc.Incorporated under the laws of the State of Nevada USA.