REGISTERED NUMBER: 12434943 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 January 2025

for

Isinstore Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D Singh

S J Smith

REGISTERED OFFICE:

Unit 6, Victoria Mills

Fowke Street

Rothley

Leicester

LE7 7PJ

REGISTERED NUMBER:

12434943 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

Park House

37 Clarence Street

Leicester

Leicestershire

LE1 3RW

FIXED ASSETS

Intangible assets

4

-

2,000

Tangible assets

5

98,569

107,288

98,569

109,288

CURRENT ASSETS

Stocks

33,646

44,310

Debtors

6

677,808

858,653

Cash at bank

36,830

86,921

748,284

989,884

CREDITORS

Amounts falling due within one year

7

(529,297

)

(782,294

)

NET CURRENT ASSETS

218,987

207,590

TOTAL ASSETS LESS CURRENT LIABILITIES

317,556

316,878

CREDITORS

Amounts falling due after more than one year

8

(83,686

)

(140,013

)

PROVISIONS FOR LIABILITIES

(24,642

)

(26,823

)

NET ASSETS

209,228

150,042

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

209,227

150,041

209,228

150,042

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2025 and were signed on its behalf by:

D Singh - Director

1.	STATUTORY INFORMATION

Isinstore Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to leasehold

-

20% on cost

Fixtures and fittings

-

25% on cost

Computer equipment

-

20% on reducing balance

Stocks

Stocks are valued at the lower of cost and estimated selling price less costs to complete and sell, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2024 - 12 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 February 2024

and 31 January 2025

10,000

AMORTISATION

At 1 February 2024

8,000

Charge for year

2,000

At 31 January 2025

10,000

NET BOOK VALUE

At 31 January 2025

-

At 31 January 2024

2,000

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

and

Motor

Computer

leasehold

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 February 2024

22,709

1,625

-

146,499

170,833

Additions

-

-

15,188

15,229

30,417

Disposals

-

-

-

(22,122

)

(22,122

)

At 31 January 2025

22,709

1,625

15,188

139,606

179,128

DEPRECIATION

At 1 February 2024

9,083

1,625

-

52,837

63,545

Charge for year

4,542

-

3,038

21,808

29,388

Eliminated on disposal

-

-

-

(12,374

)

(12,374

)

At 31 January 2025

13,625

1,625

3,038

62,271

80,559

NET BOOK VALUE

At 31 January 2025

9,084

-

12,150

77,335

98,569

At 31 January 2024

13,626

-

-

93,662

107,288

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Trade debtors

480,515

689,938

Amounts owed by group undertakings

118,162

134,973

Other debtors

79,131

33,742

677,808

858,653

Other debtors includes prepayments and accrued income of £30,190 (2024 - £14,486).

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans and overdrafts

51,183

46,515

Trade creditors

97,977

257,255

Taxation and social security

130,283

110,313

Other creditors

249,854

368,211

529,297

782,294

Other creditors includes accruals and deferred income of £247,762 (2024 - £305,730).

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

£

Bank loans

83,686

140,013

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

£

Invoice discounting facility

-

59,907

Bank loan

121,530

163,195

121,530

223,102

Invoice discounting facility, included in other creditors, and the bank loan are secured via a debenture over the assets of the company.

10.	OTHER FINANCIAL COMMITMENTS

The total amount of financial commitments, guarantees and contingencies that are not included in the balance sheet is £70,317 (2024 - £104,269).

11.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

£

D Singh

Balance outstanding at start of year

-

203

Amounts repaid

-

(203

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

S J Smith

Balance outstanding at start of year

5,000

-

Amounts advanced

-

5,000

Amounts repaid

(5,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

5,000

The loans were interest free and repayable on demand.