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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
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Istoo Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
935,391 
704,461 
Debtors
62,115 
35,023 
Cash at bank and in hand
10,491 
187 
1,007,997 
739,671 
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)
Capital and reserves
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
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Istoo Limited Notes to the Accounts for the period from 1 August 2023 to 31 October 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Inventories
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.
Going concern
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.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
3,951 
240 
Other debtors
58,164 
34,783 
62,115 
35,023 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
8,000 
238,080 
Trade creditors
9,826 
- 
Taxes and social security
1,155 
9,748 
Other creditors
995,886 
484,387 
Accruals
1,000 
1,000 
1,015,867 
733,215 
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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 
£ 
£ 
Bank loans
3,859 
15,449 
7
Loans to directors
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).
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