ISAKE INTERNATIONAL LIMITED |
Registered number: |
04312813 |
Balance Sheet |
as at 31 December 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
3,110 |
|
|
3,887 |
|
Current assets |
Stocks |
|
|
2,618 |
|
|
38,773 |
Debtors |
4 |
|
18,838 |
|
|
11,508 |
Cash at bank and in hand |
|
|
52,338 |
|
|
63,214 |
|
|
|
73,794 |
|
|
113,495 |
|
Creditors: amounts falling due within one year |
5 |
|
(71,690) |
|
|
(107,825) |
|
Net current assets |
|
|
|
2,104 |
|
|
5,670 |
|
Total assets less current liabilities |
|
|
|
5,214 |
|
|
9,557 |
|
Creditors: amounts falling due after more than one year |
6 |
|
|
(12,108) |
|
|
(20,003) |
|
|
|
Net liabilities |
|
|
|
(6,894) |
|
|
(10,446) |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
166 |
|
|
166 |
Profit and loss account |
|
|
|
(7,060) |
|
|
(10,612) |
|
Shareholders' funds |
|
|
|
(6,894) |
|
|
(10,446) |
|
|
|
|
|
|
|
|
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
Mr Xavier Rene Chapelou |
Director |
Approved by the board on 20 September 2024 |
|
ISAKE INTERNATIONAL LIMITED |
Notes to the Accounts |
for the year ended 31 December 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
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). |
|
|
Turnover |
|
Turnover and profit before taxation are attributable to the principal activity of the company. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Equipments |
20% |
|
Fixtures, fittings, tools and equipment |
20% |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Foreign currency translation |
|
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. |
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
Plant and machinery etc |
|
Motor vehicles |
|
Total |
£ |
£ |
£ |
|
Cost |
|
At 1 January 2023 |
14,468 |
|
3,861 |
|
18,329 |
|
At 31 December 2023 |
14,468 |
|
3,861 |
|
18,329 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 January 2023 |
11,425 |
|
3,017 |
|
14,442 |
|
Charge for the year |
608 |
|
169 |
|
777 |
|
At 31 December 2023 |
12,033 |
|
3,186 |
|
15,219 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 December 2023 |
2,435 |
|
675 |
|
3,110 |
|
At 31 December 2022 |
3,043 |
|
844 |
|
3,887 |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Trade debtors |
18,838 |
|
11,508 |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Accruals |
1,995 |
|
2,834 |
|
Bank loans and overdrafts |
8,519 |
|
8,519 |
|
Director's Account |
23,818 |
|
43,318 |
|
Director's Account |
23,997 |
|
43,497 |
|
Loan - Director |
1 |
|
1 |
|
Trade creditors |
5,079 |
|
1,027 |
|
Net wages |
|
|
|
|
3,200 |
|
3,200 |
|
Taxation and social security costs |
5,081 |
|
5,429 |
|
|
|
|
|
|
71,690 |
|
107,825 |
|
|
|
|
|
|
|
|
|
|
6 |
Creditors: amounts falling due after one year |
2023 |
|
2022 |
£ |
£ |
|
|
Bank loans |
12,108 |
|
20,003 |
|
|
|
|
|
|
|
|
|
|
7 |
Contingent liabilities |
|
|
The directors have confirmed that there were no contingent liabilities which should be disclosed at 31 December 2023. |
|
|
8 |
Related party transactions |
|
|
The company operates from premises owned by the directors and shared expenses amounting to £1,200 (2022 £2,880). The directors current account balance at the balance sheet date was £43,318 (2022 £23,918) & £24,097 (2022 £43,497) for each of the directors. There will be no interest payable on these credit balances. Likewise to the previous year, no dividend has been paid during this year as well. The shares are equally owned by both directors therefore they jointly controls the company. |
9 |
Other information |
|
|
ISAKE INTERNATIONAL LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
54 NewlandsTerrace |
|
157 Queenstown Road |
|
London |
|
SW8 3RN |
|
10 |
Going Concern |
|
|
The directors have reviewed a period of 12 months from approval of these financial statements and concluded the company is able to meel all its liabilities as they fall due. As a result it is appropriate to prepare the accounts on a going concern basis. |