Registration number: 12229992

ISLO Ltd

(Registration number: 12229992)

Balance Sheet as at 30 September 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	3	25,311	842
Current assets
Debtors	4	465	3,449
Cash at bank and in hand		8,250	15,972
		8,715	19,421
Creditors: Amounts falling due within one year	5	(5,227)	(1,500)
Net current assets		3,488	17,921
Total assets less current liabilities		28,799	18,763
Creditors: Amounts falling due after more than one year	5	(8,316)	-
Provisions for liabilities		(1,141)	-
Net assets		19,342	18,763
Capital and reserves
Called up share capital		100	100
Retained earnings		19,242	18,663
Shareholders' funds		19,342	18,763

For the financial year ending 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Director's Report and the Profit and Loss Account has been taken.

These financial statements, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A Small Entities, were approved and authorised for issue by the director on 15 May 2026
 

.........................................

Dr A Swift

Director

ISLO Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025

1	Accounting policies

Statutory information

ISLO Ltd is a private company, limited by shares, domiciled in England and Wales, company number 12229992. The registered office is at 74 Dobcroft Road, Sheffield, S7 2LS.

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts. Revenue is recognised at the point of service delivery.

Tax

The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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 and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

ISLO Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

1	Accounting policies (continued)

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	25% straight line basis
Motor vehicles	25% straight line basis

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated on a straight-line basis over the shorter of the useful life of the asset and the lease term. The corresponding liability to the lessor is included in the balance sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the profit and loss account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the statement of comprehensive income.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

ISLO Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 September 2025 (continued)

3	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost
At 1 October 2024	1,262	-	1,262
Additions	-	26,325	26,325
At 30 September 2025	1,262	26,325	27,587
Depreciation
At 1 October 2024	420	-	420
Charge for the year	211	1,645	1,856
At 30 September 2025	631	1,645	2,276
Carrying amount
At 30 September 2025	631	24,680	25,311
At 30 September 2024	842	-	842

4

Debtors

	2025 £	2024 £
Prepayments	465	-
Other debtors	-	1,420
Director's current account	-	2,029
	465	3,449

5

Creditors

Due within one year	2025 £	2024 £
HP and finance lease liabilities	2,539	-
Accruals and deferred income	1,560	1,500
Director's current account	1,128	-
	5,227	1,500