REGISTERED NUMBER: 07094135 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Isaacs Accountants (UK) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Aziz

S Khan

SECRETARY:

REGISTERED OFFICE:

Trust House

St James Business Park

New Augustus Street

Bradford

West Yorkshire

BD1 5LL

REGISTERED NUMBER:

07094135 (England and Wales)

ACCOUNTANTS:

Isaacs

Trust House C/O Isaacs

St James Business Park

5 New Augustus Street

Bradford

West Yorkshire

BD1 5LL

FIXED ASSETS

Intangible assets

4

-

12,800

Tangible assets

5

46,111

54,209

Investments

6

100

100

46,211

67,109

CURRENT ASSETS

Work in progress

15,840

36,560

Debtors

7

358,227

86,333

Cash at bank and in hand

9,872

48,897

383,939

171,790

CREDITORS

Amounts falling due within one year

8

115,193

115,282

NET CURRENT ASSETS

268,746

56,508

TOTAL ASSETS LESS CURRENT LIABILITIES

314,957

123,617

CREDITORS

Amounts falling due after more than one year

9

198,424

14,302

NET ASSETS

116,533

109,315

CAPITAL AND RESERVES

Called up share capital

150

100

Retained earnings

116,383

109,215

SHAREHOLDERS' FUNDS

116,533

109,315

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 29 September 2025 and were signed on its behalf by:

K Aziz - Director

S Khan - Director

1.	STATUTORY INFORMATION

Isaacs Accountants (UK) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of fifteen years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

20% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing work in progress to their present location and condition.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2023 - 10 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 January 2024

and 31 December 2024

192,000

AMORTISATION

At 1 January 2024

179,200

Charge for year

12,800

At 31 December 2024

192,000

NET BOOK VALUE

At 31 December 2024

-

At 31 December 2023

12,800

5.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

and 31 December 2024

77,889

DEPRECIATION

At 1 January 2024

23,680

Charge for year

8,098

At 31 December 2024

31,778

NET BOOK VALUE

At 31 December 2024

46,111

At 31 December 2023

54,209

6.	FIXED ASSET INVESTMENTS

Shares in

group

undertaking

£

COST

At 1 January 2024

and 31 December 2024

100

NET BOOK VALUE

At 31 December 2024

100

At 31 December 2023

100

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

93,125

85,188

Other debtors

265,102

1,145

358,227

86,333

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

11,485

12,459

Trade creditors

4,835

10,385

Taxation and social security

98,213

90,192

Other creditors

660

2,246

115,193

115,282

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

198,424

14,302

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

194,260

-