ISIS Tax Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 09624447

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2018

FOR

ISIS TAX LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A Shakespeare

M S Hollyman

SECRETARY:

REGISTERED OFFICE:

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

REGISTERED NUMBER:

09624447

ACCOUNTANTS:

ISIS Business Solutions

Venture Court

2 Debdale Road

Wellingborough

Northamptonshire

NN8 5AA

FIXED ASSETS

Tangible assets

4

873

1,618

CURRENT ASSETS

Debtors

5

50,361

28,802

Cash at bank

164,338

25,949

214,699

54,751

CREDITORS

Amounts falling due within one year

6

107,910

39,471

NET CURRENT ASSETS

106,789

15,280

TOTAL ASSETS LESS CURRENT LIABILITIES

107,662

16,898

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

107,660

16,896

SHAREHOLDERS' FUNDS

107,662

16,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 12th December 2018 and were signed on its behalf by:

M S Hollyman - Director

A Shakespeare - Director

1.	STATUTORY INFORMATION

ISIS Tax Limited is a private company, limited by shares , registered in Not specified/Other. 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 the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" 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.

Computer equipment

-

50% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2017 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1st April 2017

2,441

Additions

103

At 31st March 2018

2,544

DEPRECIATION

At 1st April 2017

823

Charge for year

848

At 31st March 2018

1,671

NET BOOK VALUE

At 31st March 2018

873

At 31st March 2017

1,618

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Trade debtors

25,449

4,119

Amounts owed by associates

24,912

17,953

Other debtors

-

6,730

50,361

28,802

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Taxation and social security

53,359

13,118

Other creditors

54,551

26,353

107,910

39,471

7.	RELATED PARTY DISCLOSURES

During the year, total dividends of £40,436 (2017 - £31,330) were paid to the directors .

During the year the Company provided consultancy advice amounting to £42,959 (2017 £42,985) to ISIS

Accountants Ltd, a company in which M S Hollyman is the director and shareholder. At the balance sheet date, the

company was owed £24,912 (2017 £17,953) from ISIS Accountants Ltd.

At the balance sheet date included in other creditors are the following amounts in relation to the directors current

accounts with the Company;

M S Hollyman £10,603 (2017 10,603)

A Shakespeare £4,082