2 01/11/2023 31/10/2024 2024-10-31 false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-11-01 Sage Accounts Production 24.0 - FRS102_2024 xbrli:pure xbrli:shares iso4217:GBP 07408614 2023-11-01 2024-10-31 07408614 2024-10-31 07408614 2023-10-31 07408614 2022-11-01 2023-10-31 07408614 2023-10-31 07408614 2022-10-31 07408614 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 07408614 core:MotorVehicles 2023-11-01 2024-10-31 07408614 bus:RegisteredOffice 2023-11-01 2024-10-31 07408614 bus:LeadAgentIfApplicable 2023-11-01 2024-10-31 07408614 bus:Director1 2023-11-01 2024-10-31 07408614 bus:CompanySecretary1 2023-11-01 2024-10-31 07408614 core:FurnitureFittingsToolsEquipment 2023-10-31 07408614 core:MotorVehicles 2023-10-31 07408614 core:FurnitureFittingsToolsEquipment 2024-10-31 07408614 core:MotorVehicles 2024-10-31 07408614 core:WithinOneYear 2024-10-31 07408614 core:WithinOneYear 2023-10-31 07408614 core:AfterOneYear 2024-10-31 07408614 core:AfterOneYear 2023-10-31 07408614 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 07408614 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 07408614 core:ShareCapital 2024-10-31 07408614 core:ShareCapital 2023-10-31 07408614 core:RetainedEarningsAccumulatedLosses 2024-10-31 07408614 core:RetainedEarningsAccumulatedLosses 2023-10-31 07408614 core:ShareCapital 2022-10-31 07408614 core:RetainedEarningsAccumulatedLosses 2022-10-31 07408614 core:PreviouslyStatedAmount core:ShareCapital 2024-10-31 07408614 core:FurnitureFittingsToolsEquipment 2023-10-31 07408614 core:MotorVehicles 2023-10-31 07408614 bus:Director1 2023-10-31 07408614 bus:Director1 2024-10-31 07408614 bus:Director1 2022-10-31 07408614 bus:Director1 2023-10-31 07408614 bus:Director1 2022-11-01 2023-10-31 07408614 bus:SmallEntities 2023-11-01 2024-10-31 07408614 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 07408614 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 07408614 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 07408614 bus:FullAccounts 2023-11-01 2024-10-31
Company registration number: 07408614
ISCOPE UTILITIES LIMITED
31 October 2024
HEYWOODS
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
ISCOPE UTILITIES LIMITED
Contents
Directors and other information
Accountants report
Statement of financial position
Statement of changes in equity
Notes to the financial statements
ISCOPE UTILITIES LIMITED
DIRECTORS AND OTHER INFORMATION
Director Mr N M Pugh
Secretary Mr N M Pugh
Company number 07408614
Registered office Countrywide House
Knights Way
Battlefield Enterprise Park
Shrewsbury
SY1 3AB
Business address 3 Spring Bank
Mount Road
Oswestry
Shropshire
SY11 1BD
Accountants Heywoods
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
ISCOPE UTILITIES LIMITED
CHARTERED ACCOUNTANTS REPORT TO THE DIRECTOR ON THE PREPARATION OF THE
UNAUDITED STATUTORY FINANCIAL STATEMENTS OF ISCOPE UTILITIES LIMITED
YEAR ENDED 31ST OCTOBER 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Iscope Utilities Limited for the year ended 31 October 2024 as set out on pages 3 to 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of Iscope Utilities Limited, as a body, in accordance with the terms of our engagement letter dated 18 May 2018. Our work has been undertaken solely to prepare for your approval the financial statements of Iscope Utilities Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Iscope Utilities Limited and its director as a body for our work or for this report.
It is your duty to ensure that Iscope Utilities Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Iscope Utilities Limited. You consider that Iscope Utilities Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Iscope Utilities Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Heywoods
Chartered Accountants
Countrywide House
Knights Way
Shrewsbury
Shropshire
SY1 3AB
24 July 2025
ISCOPE UTILITIES LIMITED
STATEMENT OF FINANCIAL POSITION
31ST OCTOBER 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 5 34,782 42,502
_______ _______
34,782 42,502
Current assets
Debtors 6 9,171 31,255
Cash at bank and in hand 45,271 16,997
_______ _______
54,442 48,252
Creditors: amounts falling due
within one year 7 ( 39,258) ( 38,092)
_______ _______
Net current assets 15,184 10,160
_______ _______
Total assets less current liabilities 49,966 52,662
Creditors: amounts falling due
after more than one year 8 ( 6,973) ( 20,048)
Provisions for liabilities ( 8,695) ( 10,625)
_______ _______
Net assets 34,298 21,989
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 34,297 21,988
_______ _______
Shareholder funds 34,298 21,989
_______ _______
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 comprehensive income has not been delivered.
These financial statements were approved by the board of directors and authorised for issue on 23 July 2025 , and are signed on behalf of the board by:
Mr N M Pugh
Director
Company registration number: 07408614
ISCOPE UTILITIES LIMITED
STATEMENT OF CHANGES IN EQUITY
YEAR ENDED 31ST OCTOBER 2024
Called up share capital Profit and loss account Total
£ £ £
At 1 November 2022 1 6,193 6,194
Profit for the year 55,795 55,795
_______ _______ _______
Total comprehensive income for the year - 55,795 55,795
Dividends paid and payable ( 40,000) ( 40,000)
_______ _______ _______
Total investments by and distributions to owners - ( 40,000) ( 40,000)
_______ _______ _______
At 31 October 2023 and 1 November 2023 1 21,988 21,989
Profit for the year 62,309 62,309
_______ _______ _______
Total comprehensive income for the year - 62,309 62,309
Dividends paid and payable ( 50,000) ( 50,000)
_______ _______ _______
Total investments by and distributions to owners - ( 50,000) ( 50,000)
_______ _______ _______
At 31 October 2024 1 34,297 34,298
_______ _______ _______
ISCOPE UTILITIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31ST OCTOBER 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Countrywide House, Knights Way, Battlefield Enterprise Park, Shrewsbury, SY1 3AB.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and is subsequently stated at cost less any accumulated depreciation.
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:
Fittings fixtures and equipment - 33 % reducing balance
Motor vehicles - 25 % reducing balance
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 1 ).
5. Tangible assets
Fixtures, fittings and equipment Motor vehicles Total
£ £ £
Cost
At 1 November 2023 16,243 51,249 67,492
Additions 4,202 - 4,202
_______ _______ _______
At 31 October 2024 20,445 51,249 71,694
_______ _______ _______
Depreciation
At 1 November 2023 9,016 15,974 24,990
Charge for the year 3,103 8,819 11,922
_______ _______ _______
At 31 October 2024 12,119 24,793 36,912
_______ _______ _______
Carrying amount
At 31 October 2024 8,326 26,456 34,782
_______ _______ _______
At 31 October 2023 7,227 35,275 42,502
_______ _______ _______
6. Debtors
2024 2023
£ £
Trade debtors 558 858
Other debtors 8,613 30,397
_______ _______
9,171 31,255
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Bank loans and overdrafts 13,082 14,657
Trade creditors - 13
Corporation tax 19,531 17,387
Social security and other taxes 5,123 4,812
Other creditors 1,522 1,223
_______ _______
39,258 38,092
_______ _______
8. Creditors: amounts falling due after more than one year
2024 2023
£ £
Bank loans and overdrafts 6,973 15,155
Other creditors - 4,893
_______ _______
6,973 20,048
_______ _______
9. Directors advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2024
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr N M Pugh 22,120 ( 50,332) 28,943 731
_______ _______ _______ _______
2023
Balance brought forward Advances /(credits) to the director Amounts repaid Balance o/standing
£ £ £ £
Mr N M Pugh ( 725) - 22,844 22,119
_______ _______ _______ _______