2022-01-012022-12-312022-12-31false12171299ISSAM GROUP 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ISSAM GROUP LIMITED

Registered Number
12171299
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

ISSAM GROUP LIMITED
Company Information
for the year from 1 January 2022 to 31 December 2022

Director

JAWAD, Husam

Registered Address

Unit G04 10 Courtenay Road East Lane
Wembley
HA9 7ND

Registered Number

12171299 (England and Wales)
ISSAM GROUP LIMITED
Balance Sheet as at
31 December 2022

Notes

2022

2021

£

£

£

£

Fixed assets
Tangible assets6133,206-
Investments7200160
133,406160
Current assets
Debtors876100
Cash at bank and on hand3,063100
3,139200
Creditors amounts falling due within one year9(50,871)(160)
Net current assets (liabilities)(47,732)40
Total assets less current liabilities85,674200
Creditors amounts falling due after one year10(127,578)-
Net assets(41,904)200
Capital and reserves
Called up share capital200200
Profit and loss account(42,104)-
Shareholders' funds(41,904)200
The financial statements were approved and authorised for issue by the Director on 30 September 2023, and are signed on its behalf by:
JAWAD, Husam
Director
Registered Company No. 12171299
ISSAM GROUP LIMITED
Notes to the Financial Statements
for the year ended 31 December 2022

1.Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2.Compliance with applicable reporting framework
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
3.Basis of measurement used in financial statements
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
4.Accounting policies
Property, plant and equipment policy
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Straight line (years)
Office Equipment4
Revenue recognition policy
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Taxation policy
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 policy
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation and operations policy
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Investments policy
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Employee benefits policy
Contributions to defined contribution plans are expensed in the period to which they relate.
5.Employee information

20222021
Average number of employees during the year11
6.Property, plant and equipment

Office Equipment

Total

££
Cost or valuation
Additions163,705163,705
At 31 December 22163,705163,705
Depreciation and impairment
Charge for year30,49930,499
At 31 December 2230,49930,499
Net book value
At 31 December 22133,206133,206
At 31 December 21--
7.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 January 22160160
Additions4040
At 31 December 22200200
Net book value
At 31 December 22200200
At 31 December 21160160

Notes

1Investments in group undertakings and participating interests
8.Debtors

2022

2021

££
Amounts owed by group undertakings60100
Other debtors16-
Total76100
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
9.Creditors within one year

2022

2021

££
Trade creditors / trade payables8,595-
Amounts owed to related parties90860
Taxation and social security2,130-
Other creditors38,368100
Accrued liabilities and deferred income870-
Total50,871160
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
10.Creditors after one year

2022

2021

££
Bank borrowings and overdrafts127,578-
Total127,578-