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Registration number: 03264779

ISA Software Limited

Unaudited Financial Statements

for the Year Ended 31 December 2024

 

ISA Software Limited

Contents

Statement of Financial Position

1 to 2

Notes to the Unaudited Financial Statements

3 to 6

 

ISA Software Limited

(Registration number: 03264779)
Statement of Financial Position as at 31 December 2024

Note

2024

2023

Fixed assets

 

Tangible assets

4

4,298

5,334

Current assets

 

Debtors

5

146,330

106,964

Cash at bank and in hand

 

937,923

904,239

 

1,084,253

1,011,203

Creditors: Amounts falling due within one year

6

(189,829)

(201,826)

Net current assets

 

894,424

809,377

Net assets

 

898,722

814,711

Capital and reserves

 

Called up share capital

1,104

1,104

Capital redemption reserve

175

175

Retained earnings

897,443

813,432

Shareholders' funds

 

898,722

814,711

 

ISA Software Limited

(Registration number: 03264779)
Statement of Financial Position as at 31 December 2024

For the financial 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.

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income Statement.

Approved and authorised by the Board on 25 June 2025 and signed on its behalf by:
 

.........................................
Mr I Crook
Director

.........................................
Mr K D Martin
Director

 
     
 

ISA Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
C/o Beever and Struthers
One Express
1 George Leigh Street
Manchester
M4 5DL
England

These financial statements were authorised for issue by the Board on 25 June 2025.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

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.

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.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Grants reeived are included in the profit and loss on the accruals basis.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

 

ISA Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Tangible assets

Tangible assets are stated in the statement of financial position 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 provided on tangible fixed assets so as to write off the cost of valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

15% on cost

Computer equipment

33% on cost

Defined contribution pension obligation

The company operates a defined contribution pension scheme. Contributions are recognised in the profit and loss account in the period in which they become payable in accordance with the rules of the scheme.

Financial instruments

Classification
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 statement of financial position. The corresponding dividends relating to the liability component are charged as interest expense in the income statement.
 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

 

ISA Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

4

Tangible assets

Furniture, fittings and equipment
 €

Total

Cost or valuation

At 1 January 2024

43,602

43,602

Disposals

(83)

(83)

At 31 December 2024

43,519

43,519

Depreciation

At 1 January 2024

38,268

38,268

Charge for the year

1,036

1,036

Eliminated on disposal

(83)

(83)

At 31 December 2024

39,221

39,221

Carrying amount

At 31 December 2024

4,298

4,298

At 31 December 2023

5,334

5,334

5

Debtors

Current

2024

2023

Trade debtors

126,946

38,283

Prepayments

19,344

17,871

Other debtors

40

50,810

 

146,330

106,964

 

ISA Software Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

6

Creditors

Creditors: amounts falling due within one year

2024

2023

Due within one year

Trade creditors

3,262

1,981

Taxation and social security

180,757

193,930

Accruals and deferred income

5,810

5,915

189,829

201,826