Issi Ink Limited 14981779 false 2023-07-05 2024-07-31 2024-07-31 The principal activity of the company is artistic creation. Digita Accounts Production Advanced 6.30.9574.0 true 14981779 2023-07-05 2024-07-31 14981779 2024-07-31 14981779 core:RetainedEarningsAccumulatedLosses 2024-07-31 14981779 core:ShareCapital 2024-07-31 14981779 core:CurrentFinancialInstruments 2024-07-31 14981779 core:CurrentFinancialInstruments core:WithinOneYear 2024-07-31 14981779 core:FurnitureFittingsToolsEquipment 2024-07-31 14981779 bus:SmallEntities 2023-07-05 2024-07-31 14981779 bus:AuditExemptWithAccountantsReport 2023-07-05 2024-07-31 14981779 bus:FilletedAccounts 2023-07-05 2024-07-31 14981779 bus:SmallCompaniesRegimeForAccounts 2023-07-05 2024-07-31 14981779 bus:RegisteredOffice 2023-07-05 2024-07-31 14981779 bus:Director1 2023-07-05 2024-07-31 14981779 bus:PrivateLimitedCompanyLtd 2023-07-05 2024-07-31 14981779 core:FurnitureFittingsToolsEquipment 2023-07-05 2024-07-31 14981779 core:OfficeEquipment 2023-07-05 2024-07-31 14981779 1 2023-07-05 2024-07-31 14981779 countries:EnglandWales 2023-07-05 2024-07-31 iso4217:GBP xbrli:pure

Registration number: 14981779

Issi Ink Limited

Unaudited Financial Statements

for the Period from 5 July 2023 to 31 July 2024

 

Issi Ink Limited

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

Issi Ink Limited

(Registration number: 14981779)
Balance Sheet as at 31 July 2024

Note

2024
£

Fixed assets

 

Tangible assets

4

1,684

Current assets

 

Debtors

5

7

Cash at bank and in hand

 

17,329

 

17,336

Creditors: Amounts falling due within one year

6

(17,334)

Net current assets

 

2

Net assets

 

1,686

Capital and reserves

 

Called up share capital

1

Retained earnings

1,685

Shareholders' funds

 

1,686

For the financial period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his 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 and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 24 March 2025
 

.........................................
Mr C Ismail
Director

 

Issi Ink Limited

Notes to the Unaudited Financial Statements for the Period from 5 July 2023 to 31 July 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
55 Issi Ink Limited
Commercial Unit 55 Queen Street
Salford
Greater Manchester
M3 7GW
UK

2

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 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 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.

Disclosure of long or short period

These accounts are for the period 05 July 2023 to 31 July 2024 which is a long period, this is due to the financial statements being the first since incorporation.

 

Issi Ink Limited

Notes to the Unaudited Financial Statements for the Period from 5 July 2023 to 31 July 2024

Judgements

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises 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. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

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.

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

Office Equipment

3 Years Straight Line

Fixtures & Fittings

4 Years Straight Line

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

 

Issi Ink Limited

Notes to the Unaudited Financial Statements for the Period from 5 July 2023 to 31 July 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

2,415

2,415

At 31 July 2024

2,415

2,415

Depreciation

Charge for the period

731

731

At 31 July 2024

731

731

Carrying amount

At 31 July 2024

1,684

1,684

5

Debtors

Current

2024
£

Prepayments

7

 

7

6

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals

960

Other creditors

16,374

17,334