1 September 2023 false No description of principal activity Taxfiler 2024.6 09162933business:PrivateLimitedCompanyLtd2023-09-012024-08-31 091629332023-08-31 091629332023-09-012024-08-31 09162933business:AuditExempt-NoAccountantsReport2023-09-012024-08-31 09162933business:FilletedAccounts2023-09-012024-08-31 091629332024-08-31 09162933business:Director12023-09-012024-08-31 09162933business:RegisteredOffice2023-09-012024-08-31 091629332023-08-31 09162933core:WithinOneYear2024-08-31 09162933core:WithinOneYear2023-08-31 09162933core:AfterOneYear2024-08-31 09162933core:AfterOneYear2023-08-31 09162933core:ShareCapitalcore:PreviouslyStatedAmount2024-08-31 09162933core:ShareCapitalcore:PreviouslyStatedAmount2023-08-31 09162933core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-08-31 09162933core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-31 09162933core:PreviouslyStatedAmount2024-08-31 09162933core:PreviouslyStatedAmount2023-08-31 09162933business:SmallEntities2023-09-012024-08-31 09162933countries:EnglandWales2023-09-012024-08-31 09162933core:FurnitureFittings2023-09-012024-08-31 09162933core:ComputerEquipment2023-09-012024-08-31 09162933core:FurnitureFittings2023-08-31 09162933core:ComputerEquipment2023-08-31 09162933core:FurnitureFittings2024-08-31 09162933core:ComputerEquipment2024-08-31 091629332022-09-012023-08-31 iso4217:GBP xbrli:pure
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
Page
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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
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I.S.&CO LIMITED Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
13,793 
16,594 
Current assets
Inventories
2,760,939 
2,647,701 
Debtors
1,165,185 
1,319,370 
Cash at bank and in hand
10,714 
10,108 
3,936,838 
3,977,179 
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 
Capital and reserves
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
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I.S.&CO LIMITED Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
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.
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 year, 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.
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
Foreign exchange
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.
4
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 
Additions
- 
658 
658 
At 31 August 2024
12,294 
22,863 
35,157 
Depreciation
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 
Net book value
At 31 August 2024
4,786 
9,007 
13,793 
At 31 August 2023
5,982 
10,612 
16,594 
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I.S.&CO LIMITED Notes to the Accounts for the year ended 31 August 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
768,441 
1,221,065 
Other debtors
396,744 
98,305 
1,165,185 
1,319,370 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
106,951 
106,951 
VAT
(6,379)
69,798 
Trade creditors
2,109,991 
2,273,353 
Taxes and social security
737 
1,035 
Other creditors
1,757,163 
1,278,091 
Accruals
2,500 
2,500 
3,970,963 
3,731,728 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
19,506 
29,506 
8
Transactions with related parties
Other Creditors comprise a loan due to the Director of £135,712 (2022: £135,712).
9
Controlling party
The ultimate controlling party is deemed to be Mr Y Schaechter, by virtue of the 100% ownership of the ordinary share capital.
10
Average number of employees
During the year the average number of employees was 5 (2023: 5).
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