Company Registration No. 03119795 (England and Wales)
I S Consultancy (uk) Ltd
Unaudited accounts
for the year ended 31 December 2024
I S Consultancy (uk) Ltd
Unaudited accounts
Contents
I S Consultancy (uk) Ltd
Company Information
for the year ended 31 December 2024
Directors
John Max Whitehouse
Angela Jane Whitehouse
Company Number
03119795 (England and Wales)
Registered Office
Is Consultancy (UK) Ltd
Unit 1
Enterprise House, Aber Park, Aber Road
Flint
Clwyd
CH6 5EX
Wales
Accountants
Power Accountants, Business and Tax Advisors Limited
Royal House, 14 Upper Northgate Street
Chester
CH1 4EE
I S Consultancy (uk) Ltd
Statement of financial position
as at 31 December 2024
Tangible assets
55,568
92,730
Cash at bank and in hand
44,454
11,543
Creditors: amounts falling due within one year
(424,830)
(335,710)
Net current assets/(liabilities)
37,185
(22,744)
Total assets less current liabilities
92,753
69,986
Creditors: amounts falling due after more than one year
(26,178)
(21,005)
Provisions for liabilities
Deferred tax
(10,557)
(17,378)
Called up share capital
100
100
Profit and loss account
55,918
31,503
Shareholders' funds
56,018
31,603
For the 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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 9 July 2025 and were signed on its behalf by
Angela Jane Whitehouse
Director
Company Registration No. 03119795
I S Consultancy (uk) Ltd
Notes to the Accounts
for the year ended 31 December 2024
I S Consultancy (uk) Ltd is a private company, limited by shares, registered in England and Wales, registration number 03119795. The registered office is Is Consultancy (UK) Ltd, Unit 1, Enterprise House, Aber Park, Aber Road, Flint, Clwyd, CH6 5EX, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment.
Land and buildings represent leasehold improvements made by the company to properties rented under operating leases. These improvements are capitalised at cost and depreciated over the shorter of their estimated useful life and the remaining term of the lease.
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% straight line
Plant & machinery
25% straight line
Motor vehicles
25% straight line
Fixtures & fittings
25% straight line
Computer equipment
25% straight line
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
I S Consultancy (uk) Ltd
Notes to the Accounts
for the year ended 31 December 2024
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 January 2024
73,645
475,803
52,042
8,411
133,491
743,392
Additions
-
1,384
-
-
3,687
5,071
At 31 December 2024
73,645
477,187
52,042
8,411
137,178
748,463
At 1 January 2024
57,663
431,526
29,190
8,411
123,872
650,662
Charge for the year
3,325
27,690
5,835
-
5,383
42,233
At 31 December 2024
60,988
459,216
35,025
8,411
129,255
692,895
At 31 December 2024
12,657
17,971
17,017
-
7,923
55,568
At 31 December 2023
15,982
44,277
22,852
-
9,619
92,730
Amounts falling due within one year
Trade debtors
342,447
157,934
Accrued income and prepayments
16,226
45,748
I S Consultancy (uk) Ltd
Notes to the Accounts
for the year ended 31 December 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
80,027
80,926
Obligations under finance leases and hire purchase contracts
5,158
-
Trade creditors
231,777
72,275
Taxes and social security
13,260
11,547
Other creditors
43,672
67,948
Loans from directors
4,018
22,007
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
10,409
21,005
8
Transactions with related parties
At the balance sheet date there are amounts owing to directors in the sum of £14,468 (2023: £22,007).
The amounts are interest free and repayable on demand.
9
Average number of employees
During the year the average number of employees was 17 (2023: 17).