Integrated Specialist Systems Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04014253 (England and Wales)

Unaudited Financial Statements For The Year Ended 30 June 2019

for

Integrated Specialist Systems Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P Pirie

I Nolan

D Pirie

SECRETARY:

I Nolan

REGISTERED OFFICE:

21 Radical Ride

Wokingham

Berkshire

RG40 4UH

REGISTERED NUMBER:

04014253 (England and Wales)

FIXED ASSETS

Tangible assets

4

3,006

4,009

CURRENT ASSETS

Debtors

5

40,508

31,220

Cash at bank

45,177

95,925

85,685

127,145

CREDITORS

Amounts falling due within one year

6

16,267

36,498

NET CURRENT ASSETS

69,418

90,647

TOTAL ASSETS LESS CURRENT LIABILITIES

72,424

94,656

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

72,324

94,556

SHAREHOLDERS' FUNDS

72,424

94,656

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2019 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 30 March 2020 and were signed on its behalf by:

P Pirie - Director

1.	STATUTORY INFORMATION

Integrated Specialist Systems Limited 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.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income

Statement, 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.

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 2 (2018 - 3 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 July 2018

and 30 June 2019

920

4,732

13,013

18,665

DEPRECIATION

At 1 July 2018

230

4,420

10,006

14,656

Charge for year

173

78

752

1,003

At 30 June 2019

403

4,498

10,758

15,659

NET BOOK VALUE

At 30 June 2019

517

234

2,255

3,006

At 30 June 2018

690

312

3,007

4,009

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/19

30/6/18

£

£

Trade debtors

15,508

4,137

Other debtors

25,000

27,083

40,508

31,220

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30/6/19

30/6/18

£

£

Trade creditors

4,501

3,155

Taxation and social security

4,601

31,038

Other creditors

7,165

2,305

16,267

36,498