| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st August 2024 |
| for |
| I.S.J. Investments Limited |
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31st August 2024 |
| for |
| I.S.J. Investments Limited |
| I.S.J. Investments Limited (Registered number: 08668363) |
| Contents of the Financial Statements |
| for the Year Ended 31st August 2024 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 2 |
| I.S.J. Investments Limited (Registered number: 08668363) |
| Balance Sheet |
| 31st August 2024 |
| 31.8.24 | 31.8.23 |
| Notes | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET (LIABILITIES)/ASSETS | ( |
) |
| CAPITAL AND RESERVES |
| Called up share capital | 8 |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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 were approved by the director and authorised for issue on |
| I.S.J. Investments Limited (Registered number: 08668363) |
| Notes to the Financial Statements |
| for the Year Ended 31st August 2024 |
| 1. | COMPANY INFORMATION |
| I.S.J. Investments Limited is a |
| Registered number: |
| Registered office: |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
| Revenue from the provision of professional services is recognised on delivery of the service. |
| Tangible fixed assets |
| Land and buildings Freehold - 10% straight line |
| Fixtures, fittings & equipment - 20% straight line |
| Computer equipment - 33% straight line |
| 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 the profit and 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. |
| I.S.J. Investments Limited (Registered number: 08668363) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2024 |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and | Computer |
| property | fittings | equipment | Totals |
| £ | £ | £ | £ |
| COST |
| At 1st September 2023 |
| and 31st August 2024 |
| DEPRECIATION |
| At 1st September 2023 |
| Charge for year |
| At 31st August 2024 |
| NET BOOK VALUE |
| At 31st August 2024 |
| At 31st August 2023 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Other debtors |
| S455 recoverable | 13,324 | - |
| Directors' current accounts | 135,460 | 95,981 |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors | ( |
) |
| Tax |
| s455 payable | 13,324 | - |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Bank loans - 2-5 years |
| Other loans - 1-2 years |
| Bank loans consist of a bounceback loan, which is a government backed loan with a fixed term of 6 years for which the company incurs no interest during the first year and incurs interest at 2.5% per annum for the remainder of the term. |
| I.S.J. Investments Limited (Registered number: 08668363) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st August 2024 |
| 8. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.8.24 | 31.8.23 |
| value: | £ | £ |
| Ordinary | 1 | 2 | 2 |
| 9. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to a director subsisted during the years ended 31st August 2024 and 31st August 2023: |
| 31.8.24 | 31.8.23 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 10. | RELATED PARTY DISCLOSURES |
| During the year the company operated a loan account with b Josephs, a close family member of the director L Josephs. At the balance sheet date, the company was owed £3,120 (2022: £13,120) from B Josephs. This balance is included within other debtors and is unsecured, interest free and repayable on demand. |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling parties are the director L Josephs and his spouse N Josephs by virtue of their combined holding of the entirety of the voting share capital of the company. |