Company Registration No. 11444756 (England and Wales)
Istoo Limited
Unaudited accounts
for the period from 1 August 2023 to 31 October 2024
Istoo Limited
Company Information
for the period from 1 August 2023 to 31 October 2024
Directors
Matthew Radley
Oliver Radley
Company Number
11444756 (England and Wales)
Registered Office
45 Chase Court Gardens
Enfield
Middlesex
EN2 8DJ
England
Accountants
MiAccountant
45 Chase Court Gardens
Enfield
EN2 8DJ
Istoo Limited
Statement of financial position
as at 31 October 2024
Inventories
935,391
704,461
Cash at bank and in hand
10,491
187
Creditors: amounts falling due within one year
(1,015,867)
(733,215)
Net current (liabilities)/assets
(7,870)
6,456
Total assets less current liabilities
(7,870)
6,456
Creditors: amounts falling due after more than one year
(3,859)
(15,449)
Net liabilities
(11,729)
(8,993)
Called up share capital
2
2
Profit and loss account
(11,731)
(8,995)
Shareholders' funds
(11,729)
(8,993)
For the period ending 31 October 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 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 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 of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by
Matthew Radley
Director
Company Registration No. 11444756
Istoo Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 October 2024
Istoo Limited is a private company, limited by shares, registered in England and Wales, registration number 11444756. The registered office is 45 Chase Court Gardens, Enfield, Middlesex, EN2 8DJ, 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 period, 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.
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.
A t the time of approving the financial statements , the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Amounts falling due within one year
Other debtors
58,164
34,783
5
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
8,000
238,080
Taxes and social security
1,155
9,748
Other creditors
995,886
484,387
Istoo Limited
Notes to the Accounts
for the period from 1 August 2023 to 31 October 2024
6
Creditors: amounts falling due after more than one year
2024
2023
Included in debtors is an amount of £58,163 (2023: £26,005) due from one the Directors of the company. There were advances made in the year of £137,558 (2023: £74,758) and repayments of £105,400 (2023: £49,676).
Interest is chargeable on this overdrawn loan amount at a rate of 2% per annum. The total interest charged for the year is £524 (2023:£746).
Subsequent to the year end date this balance was fully repaid.
8
Transactions with related parties
The company is under common control with Vista Contracts South East Limited.
At the balance sheet date, The company owed £957,559.21 (2023: 477,349) to Vista Contracts South East Limited. The amount is unsecured, interest-free, and repayable on demand.
9
Average number of employees
During the period the average number of employees was 2 (2023: 2).