Company Registration No. 14268377 (England and Wales)
Ishrat Sahgal Interiors Ltd
Unaudited accounts
for the year ended 31 August 2024
Ishrat Sahgal Interiors Ltd
Unaudited accounts
Contents
Ishrat Sahgal Interiors Ltd
Company Information
for the year ended 31 August 2024
Company Number
14268377 (England and Wales)
Registered Office
77a Richmond Road
Twickenham
Middlesex
TW1 3AW
England
Accountants
P10 Accountancy Ltd
77A Richmond Road
Twickenham
TW1 3AW
Ishrat Sahgal Interiors Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
15,020
4,636
Cash at bank and in hand
763,660
494,295
Creditors: amounts falling due within one year
(191,608)
(149,314)
Net current assets
573,224
369,942
Net assets
588,244
374,578
Called up share capital
100
100
Profit and loss account
588,144
374,478
Shareholders' funds
588,244
374,578
For the year ending 31 August 2024 the company was entitled to exemption from audit 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 director acknowledges her 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 May 2025 and were signed on its behalf by
Ishrat Sahgal
Director
Company Registration No. 14268377
Ishrat Sahgal Interiors Ltd
Notes to the Accounts
for the year ended 31 August 2024
Ishrat Sahgal Interiors Ltd is a private company, limited by shares, registered in England and Wales, registration number 14268377. The registered office is 77a Richmond Road, Twickenham, Middlesex, TW1 3AW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% Straight Line
Computer equipment
25% Straight Line
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
Ishrat Sahgal Interiors Ltd
Notes to the Accounts
for the year ended 31 August 2024
The tax expense represents the sum of the tax currently payable and deferred tax.
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
1,997
3,404
5,401
At 31 August 2024
17,643
3,404
21,047
At 1 September 2023
71
694
765
Charge for the year
4,411
851
5,262
At 31 August 2024
4,482
1,545
6,027
At 31 August 2024
13,161
1,859
15,020
At 31 August 2023
1,926
2,710
4,636
Amounts falling due within one year
Accrued income and prepayments
1,172
207
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
81,763
111,971
Other creditors
5,359
9,816
Loans from directors
26,006
9,033
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).