Information Solutions Limited 04798672 false 2023-10-01 2024-09-30 2024-09-30 The principal activity of the company is IT consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 04798672 2023-10-01 2024-09-30 04798672 2024-09-30 04798672 core:CurrentFinancialInstruments 2024-09-30 04798672 core:CurrentFinancialInstruments core:WithinOneYear 2024-09-30 04798672 core:CostValuation 2024-09-30 04798672 core:FurnitureFittingsToolsEquipment 2024-09-30 04798672 core:LandBuildings 2024-09-30 04798672 core:OtherPropertyPlantEquipment 2024-09-30 04798672 bus:SmallEntities 2023-10-01 2024-09-30 04798672 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 04798672 bus:FilletedAccounts 2023-10-01 2024-09-30 04798672 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 04798672 bus:RegisteredOffice 2023-10-01 2024-09-30 04798672 bus:CompanySecretaryDirector1 2023-10-01 2024-09-30 04798672 bus:Director2 2023-10-01 2024-09-30 04798672 bus:Director3 2023-10-01 2024-09-30 04798672 bus:Director4 2023-10-01 2024-09-30 04798672 bus:Director5 2023-10-01 2024-09-30 04798672 bus:Director6 2023-10-01 2024-09-30 04798672 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 04798672 core:JointVenture1 2023-10-01 2024-09-30 04798672 core:JointVenture1 countries:AllCountries 2023-10-01 2024-09-30 04798672 core:ComputerEquipment 2023-10-01 2024-09-30 04798672 core:FurnitureFittings 2023-10-01 2024-09-30 04798672 core:FurnitureFittingsToolsEquipment 2023-10-01 2024-09-30 04798672 core:Land 2023-10-01 2024-09-30 04798672 core:LandBuildings 2023-10-01 2024-09-30 04798672 core:OfficeEquipment 2023-10-01 2024-09-30 04798672 core:OtherPropertyPlantEquipment 2023-10-01 2024-09-30 04798672 countries:AllCountries 2023-10-01 2024-09-30 04798672 2023-09-30 04798672 core:CostValuation 2023-09-30 04798672 core:FurnitureFittingsToolsEquipment 2023-09-30 04798672 core:LandBuildings 2023-09-30 04798672 core:OtherPropertyPlantEquipment 2023-09-30 04798672 2022-10-01 2023-09-30 04798672 2023-09-30 04798672 core:CurrentFinancialInstruments 2023-09-30 04798672 core:CurrentFinancialInstruments core:WithinOneYear 2023-09-30 04798672 core:FurnitureFittingsToolsEquipment 2023-09-30 04798672 core:LandBuildings 2023-09-30 04798672 core:OtherPropertyPlantEquipment 2023-09-30 04798672 core:JointVenture1 2022-10-01 2023-09-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 04798672

Information Solutions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Information Solutions Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 10

 

Information Solutions Limited

Company Information

Directors

Mr S N Atkin

Mr N J Bensley-Edwards

Mr P J White

Mrs J Atkin

Mrs D Bensley-Edwards

Mrs L White

Company secretary

Mr S N Atkin

Registered office

Canon Court North 2
Abbey Lawn
Shrewsbury
SY2 5DE

Accountants

CBSL Accountants Limited
Chartered Accountants
Rowan House North
1 The Professional Quarter
Shrewsbury Business Park
Shrewsbury
Shropshire
SY2 6LG

 

Information Solutions Limited

(Registration number: 04798672)
Balance Sheet as at 30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

62,607

65,341

Investments

5

11,667

11,667

 

74,274

77,008

Current assets

 

Stocks

6

11,085

4,473

Debtors

7

116,870

111,904

Cash at bank and in hand

 

112,963

84,576

 

240,918

200,953

Creditors: Amounts falling due within one year

8

(260,912)

(216,129)

Net current liabilities

 

(19,994)

(15,176)

Total assets less current liabilities

 

54,280

61,832

Provisions for liabilities

(8,090)

(8,281)

Net assets

 

46,190

53,551

Capital and reserves

 

Called up share capital

9

90

90

Retained earnings

46,100

53,461

Shareholders' funds

 

46,190

53,551

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.

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.

 

Information Solutions Limited

(Registration number: 04798672)
Balance Sheet as at 30 September 2024

These financial statements 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.

These financial statements have been 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 Profit and Loss Account.

Approved and authorised by the Board on 11 June 2025 and signed on its behalf by:
 


Mr S N Atkin
Company secretary and director

 

Information Solutions Limited

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

1

General information

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

The address of its registered office is:
Canon Court North 2
Abbey Lawn
Shrewsbury
SY2 5DE

2

Accounting policies

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 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.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and 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.

Tax

The tax expense for the period comprises current and deferred 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.

 

Information Solutions Limited

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

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and Fittings

25% Reducing Balance

Computer Equipment

25% Reducing Balance

Office Equipment

25% Reducing Balance

Land

not depreciated

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

 

Information Solutions Limited

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

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 15 (2023 - 14).

 

Information Solutions Limited

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

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Other tangible assets
£

Total
£

Cost or valuation

At 1 October 2023

30,917

56,772

13,504

101,193

Additions

-

423

7,461

7,884

Disposals

-

(5,519)

(1,373)

(6,892)

At 30 September 2024

30,917

51,676

19,592

102,185

Depreciation

At 1 October 2023

-

29,685

6,167

35,852

Charge for the year

-

6,833

2,395

9,228

Eliminated on disposal

-

(4,588)

(914)

(5,502)

At 30 September 2024

-

31,930

7,648

39,578

Carrying amount

At 30 September 2024

30,917

19,746

11,944

62,607

At 30 September 2023

30,917

27,087

7,337

65,341

Included within the net book value of land and buildings above is £30,917 (2023 - £30,917) in respect of freehold land, which is not depreciated.
 

 

Information Solutions Limited

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

5

Investments

2024
£

2023
£

Investments in joint ventures

11,667

11,667

Joint ventures

£

Cost

At 1 October 2023

11,667

At 30 September 2024

11,667

Carrying amount

At 30 September 2024

11,667

At 30 September 2023

11,667

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Registered office

Holding

Proportion of voting rights and shares held

2024

2023

Joint ventures

Iraq Business News Limited

Ground Floor Office Suite
1 Canon Court North
2 Abbey Lawn
Shrewsbury
Shropshire
SY2 5DE

Ordinary

50%

50%

England

Joint ventures

Iraq Business News Limited

The principal activity of Iraq Business News Limited is news agency activities.

 

Information Solutions Limited

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

6

Stocks

2024
£

2023
£

Other inventories

11,085

4,473

7

Debtors

Current

2024
£

2023
£

Trade debtors

109,582

109,846

Prepayments

7,288

2,058

 

116,870

111,904

8

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

49,743

67,609

Taxation and social security

120,067

105,024

Accruals and deferred income

697

2,260

Other creditors

90,405

41,236

260,912

216,129

9

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary Shares of £1 each

60

60

60

60

Ordinary B Shares of £1 each

30

30

30

30

90

90

90

90

 

Information Solutions Limited

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

10

Related party transactions

As at the year end the amount owed to the directors totalled £88,872 (2023 - £39,936), which is included in Other Creditors. This balance is unsecured, interest free and has no fixed terms of repayment.