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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
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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
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I S Consultancy (uk) Ltd Statement of financial position as at 31 December 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
55,568 
92,730 
Current assets
Inventories
51,034 
96,830 
Debtors
366,527 
204,593 
Cash at bank and in hand
44,454 
11,543 
462,015 
312,966 
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)
Net assets
56,018 
31,603 
Capital and reserves
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
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I S Consultancy (uk) Ltd Notes to the Accounts for the year ended 31 December 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Leased assets
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.
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I S Consultancy (uk) Ltd Notes to the Accounts for the year ended 31 December 2024
Deferred taxation
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
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.
Pension costs
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 
Depreciation
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 
Net book value
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 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
342,447 
157,934 
Accrued income and prepayments
16,226 
45,748 
Other debtors
7,854 
911 
366,527 
204,593 
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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 
VAT
30,076 
28,293 
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 
Accruals
16,842 
52,714 
424,830 
335,710 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
15,769 
- 
Obligations under finance leases and hire purchase contracts
10,409 
21,005 
26,178 
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).
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