Registered number
07814589
IDEAL SAMPLING LIMITED
Filleted Accounts
30 November 2024
TEMPLETONS (HOLDINGS) LIMITED
CHARTERED ACCOUNTANTS
309 HOE STREET
WALTHAMSTOW
LONDON E17 9BG
IDEAL SAMPLING LIMITED
Registered number: 07814589
Balance Sheet
as at 30 November 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 9,471 11,668
Current assets
Stocks 550 625
Debtors 4 177,076 182,167
Cash at bank and in hand 297,788 300,212
475,414 483,004
Creditors: amounts falling due within one year 5 (99,356) (116,642)
Net current assets 376,058 366,362
Total assets less current liabilities 385,529 378,030
Creditors: amounts falling due after more than one year 6 (5,875) (15,875)
Net assets 379,654 362,155
Capital and reserves
Called up share capital 2 2
Profit and loss account 379,652 362,153
Shareholders' funds 379,654 362,155
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs B B Dhedhi
Director
Approved by the board on 29 August 2025
IDEAL SAMPLING LIMITED
Notes to the Accounts
for the year ended 30 November 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% reducing balance method
Equipment, fixtures & fittings 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 12 13
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 December 2023 59,174
Additions 959
At 30 November 2024 60,133
Depreciation
At 1 December 2023 47,506
Charge for the year 3,156
At 30 November 2024 50,662
Net book value
At 30 November 2024 9,471
At 30 November 2023 11,668
4 Debtors 2024 2023
£ £
Trade debtors 176,161 181,252
Other debtors 915 915
177,076 182,167
5 Creditors: amounts falling due within one year
Bank loans and overdrafts 10,000 10,000
Trade creditors 23,908 33,356
Corporation tax 11,761 23,087
Other taxes and social security costs 15,891 15,345
Other creditors 37,796 34,854
99,356 116,642
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 5,875 15,875
7 Other information
IDEAL SAMPLING LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
309
Hoe Street
Walthamstow
London
E17 9BG
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