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REGISTERED NUMBER: 00914330 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST AUGUST 2024

FOR

D. ISOM (PRINTERS) LIMITED

D. ISOM (PRINTERS) LIMITED (REGISTERED NUMBER: 00914330)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


D. ISOM (PRINTERS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST AUGUST 2024







DIRECTORS: N D Isom
M J Isom





SECRETARY: M J Isom





REGISTERED OFFICE: 35 The Oaks
Manston Business Park
Ramsgate
Kent
CT12 5FN





REGISTERED NUMBER: 00914330 (England and Wales)





ACCOUNTANTS: Spain Brothers & Co
Chartered Accountants
Westgate House
87 St Dunstans Street
Canterbury
Kent
CT2 8AE

D. ISOM (PRINTERS) LIMITED (REGISTERED NUMBER: 00914330)

ABRIDGED BALANCE SHEET
31ST AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 22,644 25,368

CURRENT ASSETS
Stocks 1,100 1,100
Debtors 31,243 40,384
Cash at bank and in hand 619 218
32,962 41,702
CREDITORS
Amounts falling due within one year 86,851 63,257
NET CURRENT LIABILITIES (53,889 ) (21,555 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(31,245

)

3,813

CREDITORS
Amounts falling due after more than one
year

7,905

18,216
NET LIABILITIES (39,150 ) (14,403 )

CAPITAL AND RESERVES
Called up share capital 6 500 500
Retained earnings (39,650 ) (14,903 )
SHAREHOLDERS' FUNDS (39,150 ) (14,403 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

D. ISOM (PRINTERS) LIMITED (REGISTERED NUMBER: 00914330)

ABRIDGED BALANCE SHEET - continued
31ST AUGUST 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31st August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29th May 2025 and were signed on its behalf by:




N D Isom - Director



M J Isom - Director


D. ISOM (PRINTERS) LIMITED (REGISTERED NUMBER: 00914330)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST AUGUST 2024


1. STATUTORY INFORMATION

D. Isom (Printers) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


The company's functional currency is the Pound Sterling (£).

The principal activity of the Company is that of printers.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,value added tax and other sales taxes.

Turnover is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of the goods.

Tangible fixed assets
Tangible fixed assets are stated at cost or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided on all tangible fixed assets, at rates calculated to write off the cost, less estimated
residual value, of each asset on a systematic basis over its expected useful life as follows:

Plant and machinery - 10% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


D. ISOM (PRINTERS) LIMITED (REGISTERED NUMBER: 00914330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax represents the future tax consequences of transactions and events recognised in the financial statements of current and previous periods. It is recognised in respect of all timing differences, with certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. 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 balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances that apply to the sale of the asset.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Loans and borrowings
Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1st September 2023
and 31st August 2024 84,651
DEPRECIATION
At 1st September 2023 59,283
Charge for year 2,724
At 31st August 2024 62,007
NET BOOK VALUE
At 31st August 2024 22,644
At 31st August 2023 25,368

D. ISOM (PRINTERS) LIMITED (REGISTERED NUMBER: 00914330)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST AUGUST 2024


5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 10,368 10,057

Amounts falling due between one and two years:
Bank loans - 1-2 years 7,905 10,311

Amounts falling due between two and five years:
Bank loans - 2-5 years - 7,905

This loan is a government secured Bounceback loan.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
28 'A' Ordinary £1 28 28
470 'B' Ordinary £1 470 470
2 'C' Non Voting £1 2 2
500 500

7. RELATED PARTY TRANSACTIONS

For part of the year, the Company occupied leased premises which were owned by the Directors and the Isom Pension Fund. Rental payments in the year amounted to £4,666 (2023 full year £17,000).

The Company relocated to leased premises which are owned by a Self Invested Personal Pension Scheme. One of the Company's Directors has benefits accruing in this pension scheme. Rental payments are paid on an arms length basis at full market rates.

8. GOING CONCERN

The Financial Statements have been prepared on a going concern basis. This basis may not be appropriate because the company is showing net current liabilities of £53,889, (2023 £21,555), and total net liabilities of £39,150 (2023 £14,403) at as 31st August 2024. The Company therefore relies upon the continued support of it members. The Directors are satisfied this continued support will be forthcoming.