Company Registration No. 02747652 (England and Wales)
The Isaacs Glass Company Limited
Financial Statements
for the year ended 30 September 2022
The Isaacs Glass Company Limited
Financial Statements
Contents
The Isaacs Glass Company Limited
Company Information
for the year ended 30 September 2022
Directors
Trevor Kirby
Anton Price
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 2022
Tangible assets
1,820
2,274
Inventories
206,540
32,696
Cash at bank and in hand
143,410
28,341
Creditors: amounts falling due within one year
(258,933)
(22,413)
Net current assets
129,468
116,900
Total assets less current liabilities
131,288
119,174
Provisions for liabilities
Net assets
131,288
118,514
Called up share capital
2,838
2,838
Capital redemption reserve
2,162
2,162
Profit and loss account
126,288
113,514
Shareholders' funds
131,288
118,514
For the year ending 30 September 2022 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 22 February 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 2022
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.
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.
These financial statements for the year ended 30 September 2022 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 October 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:
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 2021
7,701
1,641
44,424
8,517
62,283
At 30 September 2022
7,701
1,641
44,424
8,517
62,283
At 1 October 2021
7,701
1,641
42,150
8,517
60,009
Charge for the year
-
-
454
-
454
At 30 September 2022
7,701
1,641
42,604
8,517
60,463
At 30 September 2022
-
-
1,820
-
1,820
At 30 September 2021
-
-
2,274
-
2,274
The Isaacs Glass Company Limited
Notes to the Accounts
for the year ended 30 September 2022
Amounts falling due within one year
Trade debtors
38,451
4,438
6
Creditors: amounts falling due within one year
2022
2021
Trade creditors
194,861
16,995
Taxes and social security
7,993
4,668
7
Average number of employees
During the year the average number of employees was 6 (2021: 4).