ISLO Ltd 12229992 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is radiological image analysis and reporting. Digita Accounts Production Advanced 6.30.9574.0 true 12229992 2023-10-01 2024-09-30 12229992 2024-09-30 12229992 core:RetainedEarningsAccumulatedLosses 2024-09-30 12229992 core:ShareCapital 2024-09-30 12229992 core:CurrentFinancialInstruments 2024-09-30 12229992 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 12229992 core:OfficeEquipment 2024-09-30 12229992 bus:SmallEntities 2023-10-01 2024-09-30 12229992 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 12229992 bus:FilletedAccounts 2023-10-01 2024-09-30 12229992 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 12229992 bus:Director1 2023-10-01 2024-09-30 12229992 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 12229992 core:OfficeEquipment 2023-10-01 2024-09-30 12229992 countries:AllCountries 2023-10-01 2024-09-30 12229992 core:OfficeEquipment 2023-09-30 12229992 2022-10-01 2023-09-30 12229992 2023-09-30 12229992 core:RetainedEarningsAccumulatedLosses 2023-09-30 12229992 core:ShareCapital 2023-09-30 12229992 core:CurrentFinancialInstruments 2023-09-30 12229992 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 12229992 core:OfficeEquipment 2023-09-30 iso4217:GBP xbrli:pure

Registration number: 12229992

ISLO Ltd

Unaudited Financial Statements

for the Year Ended 30 September 2024

 

ISLO Ltd

(Registration number: 12229992)

Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

3

842

1,157

Current assets

 

Debtors

4

3,449

-

Cash at bank and in hand

 

15,972

44,964

 

19,421

44,964

Creditors: Amounts falling due within one year

5

(1,500)

(8,486)

Net current assets

 

17,921

36,478

Net assets

 

18,763

37,635

Capital and reserves

 

Called up share capital

100

100

Retained earnings

18,663

37,535

Shareholders' funds

 

18,763

37,635

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 19 June 2025
 

.........................................

Dr A Swift

Director

 

ISLO Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024

1

Accounting policies

Statutory information

ISLO Ltd is a private company, limited by shares, domiciled in England and Wales, company number 12229992. The registered office is at 74 Dobcroft Road, Sheffield, S7 2LS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the point of service delivery.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

25% straight line basis

 

ISLO Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

1

Accounting policies (continued)

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

3

Tangible assets

Office equipment
£

Cost or valuation

At 1 October 2023

1,262

At 30 September 2024

1,262

Depreciation

At 1 October 2023

105

Charge for the year

315

At 30 September 2024

420

Carrying amount

At 30 September 2024

842

At 30 September 2023

1,157

 

ISLO Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)

4

Debtors

2024
£

2023
£

Other debtors

1,420

-

Director's current account

2,029

-

3,449

-

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Taxation and social security

-

6,462

Accruals and deferred income

1,500

1,500

Other creditors

-

524

1,500

8,486