Registration number:
for the Year Ended
ISSOS Technologies Limited
Contents
Balance Sheet |
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Notes to the Unaudited Financial Statements |
ISSOS Technologies Limited
(Registration number: 12364026)
Balance Sheet as at 31 December 2021
Note |
2021 |
2020 |
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Current assets |
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Debtors |
|
|
|
Creditors: Amounts falling due within one year |
( |
( |
|
Net assets/(liabilities) |
|
( |
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Capital and reserves |
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Called up share capital |
100 |
100 |
|
Share premium reserve |
99,970 |
99,970 |
|
Retained earnings |
(94,007) |
(100,280) |
|
Shareholders' funds/(deficit) |
6,063 |
(210) |
For the financial year ending 31 December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
• |
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• |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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ISSOS Technologies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
United Kingdom
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The directors acknowledge the potential impact of the global coronavirus pandemic and believe that the company is well placed to manage its business risks successfully despite the current uncertain economic outlook created by the pandemic. The directors believe the company has adequate resources to continue in operational existence such that they believe the continued use of the going concern basis to be appropriate.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the manufacturing of air and
spacecraft and related machinery in the ordinary course of the company’s activities. Turnover is shown net of
sales/value added tax, returns, rebates and discounts.
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
ISSOS Technologies Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2021
Debtors |
Current |
Note |
2021 |
2020 |
Trade debtors |
|
- |
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Amounts owed by related parties |
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Prepayments |
- |
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Creditors |
Creditors: amounts falling due within one year
2021 |
2020 |
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Due within one year |
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Trade creditors |
|
- |
Taxation and social security |
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Other creditors |
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Related party transactions |
Summary of transactions with other related parties
Operational Solutions Limited is a related party. During the period the company made sales of £116,078 (2020: £52,496) to Operational Solutions Limited. At the balance sheet date the amount due from Operational Solutions Limited was £25,836 (2020: £nil).