Interactive Logistic Solutions Ltd. Filleted accounts for Companies House (small and micro)

INTERACTIVE LOGISTIC SOLUTIONS LTD. - Company Information

2 false false false false false false false false false true false false false false false false No description of principal activity 2021-04-01 Sage Accounts Production Advanced 2021 - FRS102_2021 1,690 1,512 178 1,690 178 xbrli:pure xbrli:shares iso4217:GBP 10371322 2021-04-01 2022-03-31 10371322 2022-03-31 10371322 2021-03-31 10371322 2020-04-01 2021-03-31 10371322 2021-03-31 10371322 bus:Director1 2021-04-01 2022-03-31 10371322 core:WithinOneYear 2022-03-31 10371322 core:WithinOneYear 2021-03-31 10371322 core:ShareCapital 2022-03-31 10371322 core:ShareCapital 2021-03-31 10371322 core:RetainedEarningsAccumulatedLosses 2022-03-31 10371322 core:RetainedEarningsAccumulatedLosses 2021-03-31 10371322 bus:SmallEntities 2021-04-01 2022-03-31 10371322 bus:AuditExemptWithAccountantsReport 2021-04-01 2022-03-31 10371322 bus:FullAccounts 2021-04-01 2022-03-31 10371322 bus:SmallCompaniesRegimeForAccounts 2021-04-01 2022-03-31 10371322 bus:PrivateLimitedCompanyLtd 2021-04-01 2022-03-31 10371322 core:OfficeEquipment 2022-03-31 10371322 core:OfficeEquipment 2021-03-31 10371322 core:OfficeEquipment 2021-04-01 2022-03-31

COMPANY REGISTRATION NUMBER: 10371322

Interactive Logistic Solutions Ltd.

Filleted Unaudited Financial Statements

31 March 2022

Interactive Logistic Solutions Ltd.

Financial Statements

Year ended 31 March 2022

Contents	Page

Statement of financial position	1

Notes to the financial statements	3

Interactive Logistic Solutions Ltd.

Statement of Financial Position

31 March 2022

	2022	2021
Note	£	£

Fixed assets

Tangible assets	5	–	178

Current assets

Debtors	6	–	368,337
Cash at bank and in hand		229,077	186,810
		---------	---------
		229,077	555,147

Creditors: amounts falling due within one year	7	142,099	251,487
		---------	---------
Net current assets		86,978	303,660
		--------	---------
Total assets less current liabilities		86,978	303,838

Provisions	–	34
	--------	---------
Net assets	86,978	303,804
	--------	---------

Capital and reserves

Called up share capital	10,000	210,000
Profit and loss account	76,978	93,804
	--------	---------
Shareholders funds	86,978	303,804
	--------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 March 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Interactive Logistic Solutions Ltd.

Statement of Financial Position (continued)

31 March 2022

These financial statements were approved by the board of directors and authorised for issue on 12 December 2022 , and are signed on behalf of the board by:

Mr V Doynikov
Director

Company registration number: 10371322

Interactive Logistic Solutions Ltd.

Notes to the Financial Statements

Year ended 31 March 2022

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, England, CT1 3DN.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

	Equipment	-	4 years straight line

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2021: 4 ).

5. Tangible assets

	Equipment
	£
Cost
At 1 April 2021 and 31 March 2022	1,690
	-------
Depreciation
At 1 April 2021	1,512
Charge for the year	178
	-------
At 31 March 2022	1,690
	-------
Carrying amount
At 31 March 2022	–
	-------
At 31 March 2021	178
	-------

6. Debtors

	2022	2021
	£	£
Trade debtors	–	368,337
	----	---------

7. Creditors: amounts falling due within one year

	2022	2021
	£	£
Trade creditors	21,382	39,807
Corporation tax	4,766	2,638
Social security and other taxes	1,487	2,023
Other creditors	114,464	207,019
	---------	---------
	142,099	251,487
	---------	---------

8. Related party transactions

At the year end the company owed £107,371 (2021: £149,398) to the director.