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REGISTERED NUMBER: 03375108 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

INDIVIDUAL SAVINGS ACCOUNTS LIMITED

INDIVIDUAL SAVINGS ACCOUNTS LIMITED (REGISTERED NUMBER: 03375108)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDIVIDUAL SAVINGS ACCOUNTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2024







Directors: M Betts
H Singh





Registered office: 16 High Street
Kegworth
Derbyshire
DE74 2DA





Registered number: 03375108 (England and Wales)





Auditors: Haines Watts
Chartered Accountants & Statutory Auditor
10 Stadium Business Court
Millennium Way
Pride Park
Derby
DE24 8HP

INDIVIDUAL SAVINGS ACCOUNTS LIMITED (REGISTERED NUMBER: 03375108)

BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £ £
Fixed assets
Tangible assets 4 21,930 23,352
Investments 5 4,703 4,703
26,633 28,055

Current assets
Debtors 6 9,772,395 9,509,224
Cash at bank 28,424 29,172
9,800,819 9,538,396
Creditors
Amounts falling due within one year 7 (4,483 ) (5,657 )
Net current assets 9,796,336 9,532,739
Total assets less current liabilities 9,822,969 9,560,794

Capital and reserves
Called up share capital 100 100
Retained earnings 9,822,869 9,560,694
Shareholders' funds 9,822,969 9,560,794

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 February 2025 and were signed on its behalf by:





M Betts - Director


INDIVIDUAL SAVINGS ACCOUNTS LIMITED (REGISTERED NUMBER: 03375108)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024

1. STATUTORY INFORMATION

Individual Savings Accounts Limited 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INDIVIDUAL SAVINGS ACCOUNTS LIMITED (REGISTERED NUMBER: 03375108)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£ £ £
Cost
At 1 September 2023 89,131 75,607 164,738
Additions 4,734 196 4,930
At 31 August 2024 93,865 75,803 169,668
Depreciation
At 1 September 2023 72,764 68,622 141,386
Charge for year 5,275 1,077 6,352
At 31 August 2024 78,039 69,699 147,738
Net book value
At 31 August 2024 15,826 6,104 21,930
At 31 August 2023 16,367 6,985 23,352

5. FIXED ASSET INVESTMENTS
Other
investments
£
Cost
At 1 September 2023
and 31 August 2024 4,703
Net book value
At 31 August 2024 4,703
At 31 August 2023 4,703

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Amounts owed by group undertakings 9,765,974 9,504,006
Other debtors 6,421 5,218
9,772,395 9,509,224

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 105 538
Other creditors 4,378 5,119
4,483 5,657

8. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

James Liptrott (Senior Statutory Auditor)
for and on behalf of Haines Watts