Registration number:
ISCA Heating & Plumbing CO. LTD
trading as
for the Year Ended 31 July 2023
ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
Contents
Company Information |
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Abridged Balance Sheet |
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Notes to the Unaudited Abridged Financial Statements |
ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
Company Information
Directors |
Mr Ian K Ibbeson Mr L E Ibbeson |
Registered office |
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Accountants |
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ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
(Registration number: 04186483)
Abridged Balance Sheet as at 31 July 2023
Note |
2023 |
2022 |
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Fixed assets |
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Tangible assets |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Prepayments and accrued income |
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- |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current assets |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Accruals and deferred income |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
200 |
200 |
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Capital redemption reserve |
95 |
95 |
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Retained earnings |
5,214 |
31,172 |
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Shareholders' funds |
5,509 |
31,467 |
For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.
ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
(Registration number: 04186483)
Abridged Balance Sheet as at 31 July 2023
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
.........................................
Mr L E Ibbeson
Director
ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023
General information |
The company is a private company limited by share capital, incorporated in United Kingdom.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
Going concern
The financial statements have been prepared on a going concern basis.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities in the United Kingdom. Revenue is shown net of value added tax, returns, rebates and other similar allowances.
Revenue from the sale of goods is recognised when the goods are delivered and legal title has passed.
Tangible assets
Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Plant and machinery |
25% per annum of Net Book Value |
Motor Vehicles |
25% per annum of Net Book value |
Office Equipment |
25% per annum of Net Book Value |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
During the year a director was appointed and purchased shares in the company.
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
Defined benefit pension obligation
Typically defined benefit plans define an amount of pension benefit that an employee will receive on retirement, usually dependent on one or more factors such as age, years of service and compensation.
The liability recognised in the balance sheet in respect of defined benefit pension plans is the present value of the defined benefit obligation at the reporting date minus the fair value of plan assets. The defined benefit obligation is measured using the projected unit credit method. The present value of the defined benefit obligation is determined by discounting the estimated future payments by reference to market yields at the reporting date on high-quality corporate bonds that are denominated in the currency in which the benefits will be paid, and that have terms to maturity approximating to the terms of the related pension liability.
Actuarial gains and losses are charged or credited to other comprehensive income in the period in which they arise.
Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023
Tangible assets |
Furniture, fittings and equipment |
Motor vehicles |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 August 2022 |
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- |
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Additions |
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Disposals |
- |
( |
- |
( |
At 31 July 2023 |
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Depreciation |
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At 1 August 2022 |
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- |
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Charge for the year |
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Eliminated on disposal |
- |
( |
- |
( |
At 31 July 2023 |
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Carrying amount |
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At 31 July 2023 |
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At 31 July 2022 |
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- |
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Capitalised borrowing costs
Within Motor Vehicles are capitalised borrowing costs of £
Stocks |
2023 |
2022 |
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Other inventories |
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Debtors |
Debtors includes £Nil (2022 - £Nil) due after more than one year.
Share capital |
Allotted, called up and fully paid shares
ISCA Heating & Plumbing CO. LTD
trading as ISCA Heating & Plumbing Ltd
Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023
2023 |
2022 |
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No. |
£ |
No. |
£ |
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200 |
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200 |
Reserves |
The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:
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