Isca Limited - Accounts to registrar (filleted) - small 18.2

Isca Limited - Accounts to registrar (filleted) - small 18.2

ISCA LIMITED - Company Information

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REGISTERED NUMBER: 01605416 (England and Wales)






















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2021

FOR

ISCA LIMITED
ISCA LIMITED (REGISTERED NUMBER: 01605416)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ISCA LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: R E A Woods
Mrs K J Wise
L. T. B Liddle





SECRETARY: Mrs K J Wise





REGISTERED OFFICE: 83 Cambridge Street
Pimlico
London
SW1 V 4PS





REGISTERED NUMBER: 01605416 (England and Wales)





ACCOUNTANTS: George Hay & Company
Chartered Accountants
83 Cambridge Street
London
SW1V 4PS
Page 1
ISCA LIMITED (REGISTERED NUMBER: 01605416)

BALANCE SHEET
30 SEPTEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Debtors 4 1,496 14,048
Cash at bank 168,146 181,933
169,642 195,981
CREDITORS
Amounts falling due within one year 5 278,982 272,399
NET CURRENT LIABILITIES (109,340 ) (76,418 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
(109,340
)
(76,418
)

CAPITAL AND RESERVES
Called up share capital 110 110
Retained earnings (109,450 ) (76,528 )
SHAREHOLDERS' FUNDS (109,340 ) (76,418 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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 17 June 2022 and were signed on its behalf by:





R E A Woods - Director


The notes form part of these financial statements

Page 2
ISCA LIMITED (REGISTERED NUMBER: 01605416)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. STATUTORY INFORMATION

Isca 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


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

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and investments in non-puttable ordinary shares.
Financial assets that are measured at cost and amortised costs are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss.
Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2020 - 4 ) .

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 1,062 12,359
VAT 434 1,689
1,496 14,048

Page 3 continued...
ISCA LIMITED (REGISTERED NUMBER: 01605416)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts 50,000 50,000
Tax (26,078 ) (18,500 )
Social security and other taxes 845 969
Directors' current accounts 13,715 4,930
Accrued expenses 10,500 5,000
Deferred income 230,000 230,000
278,982 272,399

6. ULTIMATE CONTROLLING PARTY

The controlling party is R E A Woods.

Page 4