Accounts filed on 30-11-2014


2013-12-012014-11-3003852772falsetruehttp://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2013-11-30http://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2014-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2013-11-30http://www.companieshouse.gov.uk/cd:Director12013-12-012014-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2014-11-30http://www.companieshouse.gov.uk/pt:LandBuildingspt:ShortLeaseholdProperties2013-12-012014-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-12-012014-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2014-11-30http://www.companieshouse.gov.uk/pt:PlantMachinery2013-12-012014-11-30http://www.companieshouse.gov.uk/pt:MotorCars2013-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12014-11-30http://www.companieshouse.gov.uk/pt:MotorCars2014-11-30http://www.companieshouse.gov.uk/cd:OrdinaryShareClass12013-11-30http://www.companieshouse.gov.uk/pt:ToolsEquipment2013-12-012014-11-30http://www.companieshouse.gov.uk/pt:MotorCars2013-12-012014-11-30http://www.companieshouse.gov.uk/2012-12-012013-11-30http://www.companieshouse.gov.uk/2013-12-012014-11-30http://www.companieshouse.gov.uk/2013-11-30http://www.companieshouse.gov.uk/2014-11-30http://www.companieshouse.gov.uk/cd:EntityAccountantsOrAuditors2013-12-012014-11-30http://www.companieshouse.gov.uk/2013-11-30iso4217:GBPxbrli:sharesxbrli:pure
Registered number: 03852772

Isis Concepts Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014

Prepared By:
Affinity Accountancy
44
Charlbury Road
Oxford
OX2 6UX


Isis Concepts Limited

ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 November 2014
INDEX TO THE ACCOUNTS
Abbreviated Balance Sheet2
Notes to the Abbreviated Accounts3
The company's registered number is 03852772


Isis Concepts Limited

Registered Number: 03852772
BALANCE SHEET AT 30 NOVEMBER 2014
20142013
Notes££
FIXED ASSETS
Tangible assets262,03572,941
CURRENT ASSETS
Stock507,952559,237
Debtors (amounts falling due within one year)3831,5061,995,850
Cash at bank and in hand374,269385,865
1,713,7272,940,952
CREDITORS: Amounts falling due within one year602,2581,767,747
NET CURRENT ASSETS1,111,4691,173,205
TOTAL ASSETS LESS CURRENT LIABILITIES1,173,5041,246,146
PROVISIONS FOR LIABILITIES76,07777,967
NET ASSETS1,097,4271,168,179
CAPITAL AND RESERVES
Called up share capital422
Profit and loss account1,097,4251,168,177
SHAREHOLDERS' FUNDS1,097,4271,168,179
For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
Approved by the board on 29 July 2015 and signed on their behalf by
NJ Topliss
Director


Isis Concepts Limited

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2014
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1b. Cash Flow Statement
The Company is exempt from including a statement of cash flows in its accounts in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008).
1c. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinerystraight line 3-7 years
Equipmentstraight line 4 years
Motor Carsstraight line 3-4 years
1d. Stocks
Stock and work in progress are valued at the lower of cost and net realisable value, after due regard for obsolete and slow moving stocks.
1e. Taxation
Corporation tax payable is provided on taxable profits at the current rates.
Provision is made for deferred taxation in so far as a liability or asset has arisen as a result of transactions that had occurred by the balance sheet date and have given rise to an obligation to pay more tax in the future, or the right to pay less tax in the future. An asset has not been recognised to the extent that the transfer of economic benefits in the future is uncertain. Deferred tax assets and liabilities recognised have not been discounted.
1f. Pension Costs
The company operates a defined contribution pension scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.


Isis Concepts Limited

2. TANGIBLE FIXED ASSETS
Short LeaseholdPlant and
PropertiesMachineryEquipmentMotor CarsTotal
£££££
Cost
At 1 December 201377,967127,204199,077317,920722,168
Additions-8,4109,17617,09534,681
Disposals---(43,834)(43,834)
At 30 November 201477,967135,614208,253291,181713,015
Depreciation
At 1 December 201377,96789,682181,002300,576649,227
Disposals---(43,834)(43,834)
For the year-6,0418,88730,65945,587
At 30 November 201477,96795,723189,889287,401650,980
Net Book Amounts
At 30 November 2014-39,89118,3643,78062,035
At 30 November 2013-37,52218,07517,34472,941
3. DEBTORS 20142013
££
Amounts falling due within one year:
Trade debtors738,231744,516
VAT-43,614
Other Tax3,5925,581
Other debtors89,6831,202,139
831,5061,995,850
4. SHARE CAPITAL 20142013
££
Allotted, issued and fully paid:
2 Ordinary shares of £1 each22
22


Isis Concepts Limited

5. RELATED PARTY TRANSACTIONS
The main building rented by the company is owned by the Director, NJ Topliss. Rental payments in the period in respect of this building were £76,000 (2012: £76,000).