1 false false false false false false false false false false true false false false false false false No description of principal activity 2024-04-01 Sage Accounts Production Advanced 2024 - FRS102_2024 315,311 252,249 63,062 315,311 63,062 212 212 xbrli:pure xbrli:shares iso4217:GBP 01862026 2024-04-01 2025-03-31 01862026 2025-03-31 01862026 2024-03-31 01862026 2023-04-01 2024-03-31 01862026 2024-03-31 01862026 2023-03-31 01862026 core:NetGoodwill 2024-04-01 2025-03-31 01862026 bus:Director1 2024-04-01 2025-03-31 01862026 bus:Director9 2024-04-01 2025-03-31 01862026 core:NetGoodwill 2024-03-31 01862026 core:NetGoodwill 2025-03-31 01862026 core:WithinOneYear 2025-03-31 01862026 core:WithinOneYear 2024-03-31 01862026 core:ShareCapital 2025-03-31 01862026 core:ShareCapital 2024-03-31 01862026 core:SharePremium 2025-03-31 01862026 core:SharePremium 2024-03-31 01862026 core:CapitalRedemptionReserve 2025-03-31 01862026 core:CapitalRedemptionReserve 2024-03-31 01862026 core:RetainedEarningsAccumulatedLosses 2025-03-31 01862026 core:RetainedEarningsAccumulatedLosses 2024-03-31 01862026 core:NetGoodwill 2024-03-31 01862026 core:CostValuation core:Non-currentFinancialInstruments 2025-03-31 01862026 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2025-03-31 01862026 bus:Director2 2024-04-01 2025-03-31 01862026 bus:SmallEntities 2024-04-01 2025-03-31 01862026 bus:AuditExempt-NoAccountantsReport 2024-04-01 2025-03-31 01862026 bus:SmallCompaniesRegimeForAccounts 2024-04-01 2025-03-31 01862026 bus:PrivateLimitedCompanyLtd 2024-04-01 2025-03-31 01862026 bus:FullAccounts 2024-04-01 2025-03-31
COMPANY REGISTRATION NUMBER: 01862026
Information Sciences Limited
Filleted Unaudited Financial Statements
31 March 2025
Information Sciences Limited
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Intangible assets
5
63,062
Current assets
Debtors
8
250,158
372,021
Cash at bank and in hand
54,032
53,677
---------
---------
304,190
425,698
Creditors: amounts falling due within one year
9
17,003
15,517
---------
---------
Net current assets
287,187
410,181
---------
---------
Total assets less current liabilities
287,187
473,243
---------
---------
Net assets
287,187
473,243
---------
---------
Capital and reserves
Called up share capital
10,392
10,392
Share premium account
10,982
10,982
Capital redemption reserve
415
415
Profit and loss account
265,398
451,454
---------
---------
Shareholders funds
287,187
473,243
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 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 financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 9 July 2025 , and are signed on behalf of the board by:
M J Waterson
E I Jones
Director
Director
Company registration number: 01862026
Information Sciences Limited
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England. The address of the registered office is Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill
-
20% straight line
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).
5. Intangible assets
Goodwill
£
Cost
At 1 April 2024 and 31 March 2025
315,311
---------
Amortisation
At 1 April 2024
252,249
Charge for the year
63,062
---------
At 31 March 2025
315,311
---------
Carrying amount
At 31 March 2025
---------
At 31 March 2024
63,062
---------
6. Tangible assets
Equipment
Total
£
£
Cost
At 1 April 2024 and 31 March 2025
60
60
----
----
Depreciation
At 1 April 2024 and 31 March 2025
60
60
----
----
Carrying amount
At 31 March 2025
----
----
At 31 March 2024
----
----
7. Investments
Shares in group undertakings
£
Cost
At 1 April 2024 and 31 March 2025
212
----
Impairment
At 1 April 2024 and 31 March 2025
212
----
Carrying amount
At 31 March 2025
----
At 31 March 2024
----
The company owns 100% of the issued ordinary share capital of World Economics Limited.
8. Debtors
2025
2024
£
£
Other debtors
250,158
372,021
---------
---------
9. Creditors: amounts falling due within one year
2025
2024
£
£
Trade creditors
40
Social security and other taxes
5,109
5,122
Other creditors
11,894
10,355
--------
--------
17,003
15,517
--------
--------
10. Related party transactions
At the year end, Ivory Square Limited owed the company £250,000 (2024:£370,000). Ivory Square Limited is a company controlled by M Waterson. The loan was on interest free terms and repayable on demand.