Company Registration No. 09162933 (England and Wales)
I.S.&CO LIMITED
Unaudited accounts
for the year ended 31 August 2024
I.S.&CO LIMITED
Unaudited accounts
Contents
I.S.&CO LIMITED
Company Information
for the year ended 31 August 2024
Director
Mr Yitzchok Shaechter
Company Number
09162933 (England and Wales)
Registered Office
C/O 32 CASTLEWOOD ROAD
LONDON
N16 6DW
ENGLAND
I.S.&CO LIMITED
Statement of financial position
as at 31 August 2024
Tangible assets
13,793
16,594
Inventories
2,760,939
2,647,701
Debtors
1,165,185
1,319,370
Cash at bank and in hand
10,714
10,108
Creditors: amounts falling due within one year
(3,970,963)
(3,731,728)
Net current (liabilities)/assets
(34,125)
245,451
Total assets less current liabilities
(20,332)
262,045
Creditors: amounts falling due after more than one year
(19,506)
(29,506)
Net (liabilities)/assets
(39,838)
232,539
Called up share capital
100
100
Profit and loss account
(39,938)
232,439
Shareholders' funds
(39,838)
232,539
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 his 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 28 August 2025 and were signed on its behalf by
Mr Yitzchok Shaechter
Director
Company Registration No. 09162933
I.S.&CO LIMITED
Notes to the Accounts
for the year ended 31 August 2024
I.S.&CO LIMITED is a private company, limited by shares, registered in England and Wales, registration number 09162933. The registered office is C/O 32 CASTLEWOOD ROAD, LONDON, N16 6DW, 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.
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
20% RBM
Computer equipment
20% RBM
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 September 2023
12,294
22,205
34,499
At 31 August 2024
12,294
22,863
35,157
At 1 September 2023
6,312
11,593
17,905
Charge for the year
1,196
2,263
3,459
At 31 August 2024
7,508
13,856
21,364
At 31 August 2024
4,786
9,007
13,793
At 31 August 2023
5,982
10,612
16,594
I.S.&CO LIMITED
Notes to the Accounts
for the year ended 31 August 2024
Amounts falling due within one year
Trade debtors
768,441
1,221,065
Other debtors
396,744
98,305
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
106,951
106,951
Trade creditors
2,109,991
2,273,353
Taxes and social security
737
1,035
Other creditors
1,757,163
1,278,091
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Creditors: amounts falling due after more than one year
2024
2023
8
Transactions with related parties
Other Creditors comprise a loan due to the Director of £135,712 (2022: £135,712).
The ultimate controlling party is deemed to be Mr Y Schaechter, by virtue of the 100% ownership of the
ordinary share capital.
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Average number of employees
During the year the average number of employees was 5 (2023: 5).