Isosec Limited - Period Ending 2014-03-31

Registration number: 05185836

Isosec Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2014
 

Chancery Accounts LLP
Acountants & Taxation Advisors
The Old County Police Station
Newhey Road
Milnrow
Rochdale
Lancashire
OL16 3PS

Isosec Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Note 3

Isosec Limited
(Registration number: 05185836)
Abbreviated Balance Sheet at 31 March 2014

		Note			2014 £			2013 £
Fixed assets
Tangible fixed assets					5,179			4,975
Current assets
Debtors					298,373			185,321
Cash at bank and in hand					60,605			5,177
					358,978			190,498
Creditors: Amounts falling due within one year					(168,875)			(66,590)
Net current assets					190,103			123,908
Total assets less current liabilities					195,282			128,883
Creditors: Amounts falling due after more than one year					-			(30,812)
Net assets					195,282			98,071
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					195,280			98,069
Shareholders' funds					195,282			98,071

For the year ending 31 March 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 17 December 2014 and signed on its behalf by:

.........................................
Mr Nigel Charles Elson
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Isosec Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2013		12,320			12,320
Additions		1,931			1,931
At 31 March 2014		14,251			14,251
Depreciation
At 1 April 2013		7,345			7,345
Charge for the year		1,727			1,727
At 31 March 2014		9,072			9,072
Net book value
At 31 March 2014		5,179			5,179
At 31 March 2013		4,975			4,975

Page 2

Isosec Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2014
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2014						2013
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2

Dividends paid during the year were £15,000 to Mr N Elson and £15,000 to Mr M Pouland.

Page 3