Company Registration No. 04118940 (England and Wales)
ISC System Buildings Limited
Unaudited accounts
for the year ended 31 December 2024
ISC System Buildings Limited
Unaudited accounts
Contents
ISC System Buildings Limited
Company Information
for the year ended 31 December 2024
Directors
A P Needle
A N J Needle
Company Number
04118940 (England and Wales)
Registered Office
28 LEVENOT CLOSE
BANBURY
OXON
OX16 4XP
Accountants
Mosaic Accounting Limited
Frensham
Blakes Hill,
North Littleton,
Evesham
Warwickshire
WR11 8QN
ISC System Buildings Limited
Statement of financial position
as at 31 December 2024
Tangible assets
68,298
64,276
Cash at bank and in hand
499,147
283,276
Creditors: amounts falling due within one year
(177,178)
(174,161)
Net current assets
492,505
318,311
Net assets
560,803
382,587
Called up share capital
100
100
Profit and loss account
560,703
382,487
Shareholders' funds
560,803
382,587
For the year ending 31 December 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 directors acknowledge their 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 of Directors and authorised for issue on 11 March 2025 and were signed on its behalf by
A N J Needle
Director
Company Registration No. 04118940
ISC System Buildings Limited
Notes to the Accounts
for the year ended 31 December 2024
ISC System Buildings Limited is a private company, limited by shares, registered in England and Wales, registration number 04118940. The registered office is 28 LEVENOT CLOSE, BANBURY, OXON, OX16 4XP.
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.
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:
Plant & machinery
25% reducing balance.
Motor vehicles
25% reducing balance.
Fixtures & fittings
25% reducing balance.
Computer equipment
25% reducing balance.
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Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2024
4,070
111,772
20,357
8,188
144,387
Additions
-
12,236
-
3,054
15,290
At 31 December 2024
4,070
124,008
20,357
11,242
159,677
At 1 January 2024
3,104
50,420
20,178
6,409
80,111
Charge for the year
242
9,773
45
1,208
11,268
At 31 December 2024
3,346
60,193
20,223
7,617
91,379
At 31 December 2024
724
63,815
134
3,625
68,298
At 31 December 2023
966
61,352
179
1,779
64,276
ISC System Buildings Limited
Notes to the Accounts
for the year ended 31 December 2024
Amounts falling due within one year
Trade debtors
40,016
117,865
Amounts due from group undertakings etc.
5,500
5,500
Accrued income and prepayments
-
1,325
Other debtors
22,671
8,250
6
Investments held as current assets
2024
2023
Unlisted investments
60,300
60,300
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Creditors: amounts falling due within one year
2024
2023
Trade creditors
52,985
96,562
Taxes and social security
61,108
18,582
Loans from directors
61,085
56,797
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Average number of employees
During the year the average number of employees was 1 (2023: 1).