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REGISTERED NUMBER: 02729219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 DECEMBER 2024

FOR

ISEC INTERIOR SYSTEMS LTD

ISEC INTERIOR SYSTEMS LTD (REGISTERED NUMBER: 02729219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ISEC INTERIOR SYSTEMS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 DECEMBER 2024







DIRECTORS: I Emmerson
Mrs L B Emmerson





SECRETARY: Mrs L B Emmerson





REGISTERED OFFICE: The Old Chapel
Moss Pit
Acton Gate
Stafford
Staffordshire
ST17 9HQ





REGISTERED NUMBER: 02729219 (England and Wales)





ACCOUNTANTS: Crombies Accountants Limited
Chartered Accountants
34 Waterloo Road
Wolverhampton
West Midlands
WV1 4DG

ISEC INTERIOR SYSTEMS LTD (REGISTERED NUMBER: 02729219)

STATEMENT OF FINANCIAL POSITION
30 DECEMBER 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 124,827 162,737

CURRENT ASSETS
Stocks 5 5,000 5,000
Debtors 6 1,397,386 1,661,600
Investments 7 342,597 176,230
Prepayments and accrued income 38,245 34,038
Cash at bank and in hand 256,239 224
2,039,467 1,877,092
CREDITORS
Amounts falling due within one year 8 1,184,215 1,172,026
NET CURRENT ASSETS 855,252 705,066
TOTAL ASSETS LESS CURRENT
LIABILITIES

980,079

867,803

CREDITORS
Amounts falling due after more than one
year

9

(21,417

)

(50,267

)

PROVISIONS FOR LIABILITIES (30,489 ) (38,243 )
NET ASSETS 928,173 779,293

CAPITAL AND RESERVES
Called up share capital 11 2 2
Retained earnings 928,171 779,291
SHAREHOLDERS' FUNDS 928,173 779,293

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ISEC INTERIOR SYSTEMS LTD (REGISTERED NUMBER: 02729219)

STATEMENT OF FINANCIAL POSITION - continued
30 DECEMBER 2024


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 Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:





I Emmerson - Director


ISEC INTERIOR SYSTEMS LTD (REGISTERED NUMBER: 02729219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 DECEMBER 2024

1. STATUTORY INFORMATION

Isec Interior Systems Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparation of 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 and depreciation
Tangible fixed assets are included at cost less depreciation and impairment. Depreciation has been computed to write off the cost of tangible fixed assets over their expected useful lives as follows:

Plant and machinery - 15% per annum reducing balance basis.

Motor vehicles - 25% per annum reducing balance basis.

Short leasehold property improvements - 10% per annum straight line basis.

Fixtures, fittings and equipment - 15% per annum reducing balance basis.

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 statement of financial position date.


ISEC INTERIOR SYSTEMS LTD (REGISTERED NUMBER: 02729219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

2. ACCOUNTING POLICIES - continued
Deferred taxation
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing contracts
Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets.Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives.Assets acquired under hire purchase contracts are depreciated over their useful lives.Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company.Obligations under such agreements are included in creditors net of the finance charge allocated to future periods.The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account on a straight line basis.

Pension costs
The company operates defined contribution pension schemes. Contributions payable to the company's pension schemes are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2023 - 11 ) .

4. TANGIBLE FIXED ASSETS
Short Fixtures,
leasehold fittings
property Plant and and Motor
improvements machinery equipment vehicles Totals
£    £    £    £    £   
COST
At 31 December 2023 67,120 29,720 46,869 195,091 338,800
Additions - 2,064 2,756 - 4,820
Disposals - - - (15,991 ) (15,991 )
At 30 December 2024 67,120 31,784 49,625 179,100 327,629
DEPRECIATION
At 31 December 2023 67,120 18,969 37,676 52,298 176,063
Charge for year - 1,923 1,792 30,020 33,735
Eliminated on disposal - - - (6,996 ) (6,996 )
At 30 December 2024 67,120 20,892 39,468 75,322 202,802
NET BOOK VALUE
At 30 December 2024 - 10,892 10,157 103,778 124,827
At 30 December 2023 - 10,751 9,193 142,793 162,737

ISEC INTERIOR SYSTEMS LTD (REGISTERED NUMBER: 02729219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 31 December 2023
and 30 December 2024 165,383
DEPRECIATION
At 31 December 2023 45,302
Charge for year 30,020
At 30 December 2024 75,322
NET BOOK VALUE
At 30 December 2024 90,061
At 30 December 2023 120,081

5. STOCKS
2024 2023
£    £   
Raw materials 5,000 5,000

6. DEBTORS
2024 2023
£    £   
Trade debtors 651,750 762,399
Amounts owed by group undertakings 542,474 728,895
Other debtors 203,162 170,306
1,397,386 1,661,600

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Unlisted investments 342,597 176,230

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,000 53,857
Hire purchase contracts 43,724 51,231
Trade creditors 704,156 563,508
Taxation and social security 120,738 110,349
Other creditors 305,597 393,081
1,184,215 1,172,026

ISEC INTERIOR SYSTEMS LTD (REGISTERED NUMBER: 02729219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 DECEMBER 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,833 -
Hire purchase contracts 10,584 50,267
21,417 50,267

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts 54,308 101,498

Hire purchase creditors are secured by a charge over the assets to which they relate.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2