Company Registration No. 02747652 (England and Wales)
The Isaacs Glass Company Limited
Financial Statements
for the year ended 30 September 2023
The Isaacs Glass Company Limited
Financial Statements
Contents
The Isaacs Glass Company Limited
Company Information
for the year ended 30 September 2023
Directors
Trevor Kirby
Nicholas Tuck
Company Number
02747652 (England and Wales)
Registered Office
Diasma House
Willie Snaith Road
Newmarket
Suffolk
CB8 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 2023
Tangible assets
1,456
1,820
Inventories
167,296
206,540
Cash at bank and in hand
217,037
143,410
Creditors: amounts falling due within one year
(294,580)
(258,933)
Net current assets
235,739
129,468
Net assets
237,195
131,288
Called up share capital
2,838
2,838
Capital redemption reserve
2,162
2,162
Profit and loss account
232,195
126,288
Shareholders' funds
237,195
131,288
For the year ending 30 September 2023 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 16 November 2023 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 2023
The Isaacs Glass Company Limited is a private company, limited by shares, registered in England and Wales, registration number 02747652. The registered office is Diasma House, Willie Snaith Road, Newmarket, Suffolk, CB8 7SQ.
2
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
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:
4
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 2022
7,701
1,641
44,424
8,517
62,283
At 30 September 2023
7,701
1,641
44,424
8,517
62,283
At 1 October 2022
7,701
1,641
42,604
8,517
60,463
Charge for the year
-
-
364
-
364
At 30 September 2023
7,701
1,641
42,968
8,517
60,827
At 30 September 2023
-
-
1,456
-
1,456
At 30 September 2022
-
-
1,820
-
1,820
Amounts falling due within one year
Trade debtors
145,986
38,451
The Isaacs Glass Company Limited
Notes to the Accounts
for the year ended 30 September 2023
6
Creditors: amounts falling due within one year
2023
2022
Trade creditors
252,677
194,861
Taxes and social security
38,759
7,993
7
Average number of employees
During the year the average number of employees was 6 (2022: 6).