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Registered number: 09285167

Isaac Walton Tailoring Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024

Prepared By:
Ogmios Taxation
65 Castle Way
Pegswood, Morpeth
Northumberland
NE61 6XH

Isaac Walton Tailoring Ltd

ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
DIRECTORS
Michele Veronica Shield
REGISTERED OFFICE
73 Westgate Road
Newcastle Upon Tyne
NE1 1SG
COMPANY DETAILS
Private company limited by shares registered in EW - England and Wales, registered number 09285167
ACCOUNTANTS
Ogmios Taxation
65 Castle Way
Pegswood, Morpeth
Northumberland
NE61 6XH

Isaac Walton Tailoring Ltd

ACCOUNTS
FOR THEYEARENDED31/10/2024
CONTENTS
Page
Directors' Report-
Strategic Report-
Accountants' Report-
Statement Of Comprehensive Income-
Balance Sheet3
Notes To The Accounts4
The following do not form part of the statutory financial statements:
Trading And Profit And Loss Account-
Profit And Loss Account Summaries-

Isaac Walton Tailoring Ltd

BALANCE SHEET AT 31/10/2024
20242023
Notes££
FIXED ASSETS
Tangible assets354,62216,592
CURRENT ASSETS
Stock2,1002,000
Debtors511,07212,872
Cash at bank and in hand108,348141,216
121,520156,088
CREDITORS: Amounts falling due within one year620,04645,361
NET CURRENT ASSETS101,474110,727
TOTAL ASSETS LESS CURRENT LIABILITIES156,096127,319
CAPITAL AND RESERVES
Called up share capital7100100
Profit and loss account155,996127,219
SHAREHOLDERS' FUNDS156,096127,319
For the year ending 31/10/2024 the company was entitled to exemption 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.
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account.
Approved by the board on 10/04/2025 and signed on their behalf by
.............................
Michele Veronica Shield
Director

Isaac Walton Tailoring Ltd

NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31/10/2024
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 .
1b. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant And Machineryreducing balance25%
Commercial Vehiclesreducing balance25%
1c. Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs.
When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs.
2. EMPLOYEES
20242023
No.No.
Average number of employees11

Isaac Walton Tailoring Ltd

3. TANGIBLE FIXED ASSETS
Plant andCommercial
MachineryVehiclesTotal
£££
Cost
At 01/11/202322,06910,24932,318
Additions8,28736,00044,287
At 31/10/202430,35646,24976,605
Depreciation
At 01/11/20238,6517,07515,726
For the year4,7131,5446,257
At 31/10/202413,3648,61921,983
Net Book Amounts
At 31/10/202416,99237,63054,622
At 31/10/202313,4183,17416,592
4. STOCK 20242023
££
Stock comprises:
Stock2,1002,000
2,1002,000
5. DEBTORS 20242023
££
Amounts falling due within one year
Trade debtors8,50710,671
Prepayments2,5652,201
11,07212,872
6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
20242023
££
UK corporation tax6,5585,679
VAT1,50121,753
Directors current account2,6083,738
Trade creditors8,59113,102
Other creditors7881,089
20,04645,361

Isaac Walton Tailoring Ltd

7. SHARE CAPITAL 20242023
££
Allotted, issued and fully paid:
100 Ordinary shares of £1 each100100
100100