Company Registration No. 02747652 (England and Wales)
The Isaacs Glass Company Limited
Financial Statements
for the year ended 30 September 2021
The Isaacs Glass Company Limited
Financial Statements
Contents
The Isaacs Glass Company Limited
Company Information
for the year ended 30 September 2021
Directors
Trevor Kirby
Kevin Bickerdike
Company Number
02747652 (England and Wales)
Registered Office
Unit 14 Anchorage Point
90 Anchor and Hope Lane
Greenwich Peninsula
London
SE7 7SQ
Accountants
AIR Accountancy Services
26 Market Place
Swaffham
Norfolk
PE37 7QH
The Isaacs Glass Company Limited
Statement of financial position
as at
30 September 2021
Tangible assets
2,274
2,842
Cash at bank and in hand
28,341
150,893
Creditors: amounts falling due within one year
(22,413)
(38,178)
Net current assets
116,900
170,326
Total assets less current liabilities
119,174
173,168
Provisions for liabilities
Net assets
118,514
172,508
Called up share capital
2,838
2,838
Capital redemption reserve
2,162
2,162
Profit and loss account
113,514
167,508
Shareholders' funds
118,514
172,508
For the year ending 30 September 2021 the company was entitled to exemption from audit 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 and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 1 November 2021 and were signed on its behalf by
Trevor Kirby
Director
Company Registration No. 02747652
The Isaacs Glass Company Limited
Notes to the Accounts
for the year ended 30 September 2021
The Isaacs Glass Company Limited is a private company, limited by shares, registered in England and Wales, registration number 02747652. The registered office is Unit 14 Anchorage Point, 90 Anchor and Hope Lane, Greenwich Peninsula, London, SE7 7SQ.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 30 September 2021 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2020.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 October 2020
7,701
1,641
44,424
8,517
62,283
At 30 September 2021
7,701
1,641
44,424
8,517
62,283
At 1 October 2020
7,701
1,641
41,582
8,517
59,441
Charge for the year
-
-
568
-
568
At 30 September 2021
7,701
1,641
42,150
8,517
60,009
At 30 September 2021
-
-
2,274
-
2,274
At 30 September 2020
-
-
2,842
-
2,842
The Isaacs Glass Company Limited
Notes to the Accounts
for the year ended 30 September 2021
5
Debtors: amounts falling due within one year
2021
2020
Trade debtors
4,438
23,451
Other debtors
73,838
30,982
6
Creditors: amounts falling due within one year
2021
2020
Trade creditors
16,995
21,355
Taxes and social security
4,668
16,323
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Average number of employees
During the year the average number of employees was 4 (2020: 4).