Company registration number 08237509 (England and Wales)
ISOCOUNT UK LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
ISOCOUNT UK LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
ISOCOUNT UK LIMITED
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
455,599
589,054
Investments
4
34
34
455,633
589,088
Current assets
Stocks
20,000
27,000
Debtors
6
799,777
664,219
Cash at bank and in hand
42,409
30,241
862,186
721,460
Creditors: amounts falling due within one year
7
(690,815)
(673,836)
Net current assets
171,371
47,624
Total assets less current liabilities
627,004
636,712
Creditors: amounts falling due after more than one year
8
-
0
(9,865)
Provisions for liabilities
(74,610)
(67,779)
Net assets
552,394
559,068
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
552,294
558,968
Total equity
552,394
559,068

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

ISOCOUNT UK LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 25 February 2025 and are signed on its behalf by:
Lawrence Harvey
Tony Brewer
Director
Director
Company Registration No. 08237509
ISOCOUNT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information

Isocount UK Limited is a private company limited by shares incorporated in England and Wales. The registered office is Unit 5C, Pentwyn Road, Blackwood, Wales, NP12 1HN.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Plant and machinery
25% Reducing balance
Fixtures, fittings & equipment
25% Reducing balance
Computer equipment
33.33% Reducing balance
Motor vehicles
25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

ISOCOUNT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.5
Stocks

Stock is valued at the lower of cost and estimated selling price less costs to sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacture/completion.

1.6
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Bank loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised costs using the effective interest method.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
14
14
ISOCOUNT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 5 -
3
Tangible fixed assets
Land and buildings
Plant and machinery etc
Total
£
£
£
Cost
At 1 January 2024
317,938
491,801
809,739
Additions
9,221
145,062
154,283
Disposals
(170,000)
(39,651)
(209,651)
At 31 December 2024
157,159
597,212
754,371
Depreciation and impairment
At 1 January 2024
-
0
220,684
220,684
Depreciation charged in the year
-
0
99,479
99,479
Eliminated in respect of disposals
-
0
(21,391)
(21,391)
At 31 December 2024
-
0
298,772
298,772
Carrying amount
At 31 December 2024
157,159
298,440
455,599
At 31 December 2023
317,938
271,116
589,054
Last year c/fwd cost
317,938
491,800
Differs from this year b/fwd by
-
1
4
Fixed asset investments
2024
2023
£
£
Investments
34
34
Movements in fixed asset investments
Shares in group undertakings and participating interests
£
Cost or valuation
At 1 January 2024 & 31 December 2024
34
Carrying amount
At 31 December 2024
34
At 31 December 2023
34
ISOCOUNT UK LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 6 -
5
Significant undertakings

The company also has significant holdings in undertakings which are not consolidated:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Spectro-Service Limited
UK
Ordinary
100.00
Isotech Services Limited
UK
Ordinary
100.00
The aggregate capital and reserves and the result for the year of significant undertakings noted above was as follows:
Name of undertaking
Profit/(Loss)
Capital and Reserves
£
£
Spectro-Service Limited
-
(222)
Isotech Services Limited
-
(992)
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
258,538
196,951
Other debtors
541,239
467,268
799,777
664,219
7
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
48,911
68,611
Other taxation and social security
84,671
75,142
Other creditors
557,233
530,083
690,815
673,836
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
9,865
9
Related party transactions

At the year end the company was owed £410,000 by Brewers Lodge Limited (2023 - £400,000). Mr T Brewer is a director and shareholder of Brewers Lodge Limited. Mr L Harvey is a shareholder of Brewers Lodge Limited.

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