| Isode Limited |
| Registered number: |
04547144 |
| Balance Sheet |
| as at 31 December 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Intangible assets |
3 |
|
|
- |
|
|
- |
| Tangible assets |
4 |
|
|
49,418 |
|
|
26,423 |
|
|
|
|
49,418 |
|
|
26,423 |
|
| Current assets |
| Debtors |
5 |
|
1,312,614 |
|
|
1,200,339 |
| Cash at bank and in hand |
|
|
5,584,528 |
|
|
4,499,015 |
|
|
|
6,897,142 |
|
|
5,699,354 |
|
| Creditors: amounts falling due within one year |
6 |
|
(4,960,171) |
|
|
(3,790,659) |
|
| Net current assets |
|
|
|
1,936,971 |
|
|
1,908,695 |
|
| Total assets less current liabilities |
|
|
|
1,986,389 |
|
|
1,935,118 |
|
| Net assets |
|
|
|
1,986,389 |
|
|
1,935,118 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
24,715 |
|
|
24,715 |
| Share premium |
|
|
|
6,600 |
|
|
6,600 |
| Profit and loss account |
|
|
|
1,955,074 |
|
|
1,903,803 |
|
| Shareholders' funds |
|
|
|
1,986,389 |
|
|
1,935,118 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Steve Kille |
| Director |
| Approved by the board on 25 September 2025 |
|
| Isode Limited |
| Notes to the Accounts |
| for the year ended 31 December 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the value, net of value added tax and discounts, of goods and services provided to customers during the period. Support and maintenance income is recognised in the profit and loss account over the period of the contract. Any such income which relates to future accounting periods is deferred and shown in creditors as deferred income. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Leasehold Improvements |
over 5 years |
|
Plant and machinery |
over 3 years |
|
Fixtures, fittings, tools and equipment |
over 5 years |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). |
|
|
Foreign currency translation |
|
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
|
|
Leased assets |
|
Operating lease payments are recognised as an expense on a straight line basis over the lease term. |
|
|
Pensions |
|
Contributions to defined contribution plans are expensed in the period to which they relate. |
|
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
44 |
|
42 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Intangible fixed assets |
£ |
|
Acquired IPR: |
|
|
Cost |
|
At 1 January 2024 |
30,000 |
|
Additions |
- |
|
Disposals |
- |
|
At 31 December 2024 |
30,000 |
|
|
|
|
|
|
|
|
|
|
Amortisation |
|
At 1 January 2024 |
30,000 |
|
Provided during the year |
- |
|
On disposals |
- |
|
At 31 December 2024 |
30,000 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
- |
|
At 31 December 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Acquired IPR is being written off in equal annual instalments over its estimated economic life of 5 years. |
|
|
| 4 |
Tangible fixed assets |
|
|
|
|
Leasehold Improvements |
|
Plant and machinery etc |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 January 2024 |
95,235 |
|
503,719 |
|
598,954 |
|
Additions |
- |
|
46,425 |
|
46,425 |
|
At 31 December 2024 |
95,235 |
|
550,144 |
|
645,379 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2024 |
95,235 |
|
477,296 |
|
572,531 |
|
Charge for the year |
- |
|
23,430 |
|
23,430 |
|
At 31 December 2024 |
95,235 |
|
500,726 |
|
595,961 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2024 |
- |
|
49,418 |
|
49,418 |
|
At 31 December 2023 |
- |
|
26,423 |
|
26,423 |
|
|
|
|
|
|
|
|
|
|
|
| 5 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
762,104 |
|
523,525 |
|
Corporation tax repayable |
|
|
|
|
493,003 |
|
582,484 |
|
Other debtors |
57,507 |
|
94,330 |
|
|
|
|
|
|
1,312,614 |
|
1,200,339 |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade creditors |
66,324 |
|
116,573 |
|
Other creditors |
4,893,847 |
|
3,674,086 |
|
|
|
|
|
|
4,960,171 |
|
3,790,659 |
|
|
|
|
|
|
|
|
|
| 7 |
Other financial commitments |
2024 |
|
2023 |
| £ |
£ |
|
|
Total future minimum payments under non-cancellable operating leases |
|
833,016 |
|
922,810 |
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
Isode Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
14 Castle Mews |
|
Hampton |
|
TW12 2NP |