ACCOUNTS - Final Accounts preparation

ISOSCELES TRADING AND CONSTRUCTION LIMITED - Company Information

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Registered number: 11686742

ISOSCELES TRADING AND CONSTRUCTION LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2021

ISOSCELES TRADING AND CONSTRUCTION LIMITED

REGISTERED NUMBER: 11686742

BALANCE SHEET

AS AT 31 MARCH 2021

		2021		2020
Note		£		£


Current assets
Debtors: amounts falling due within one year	-		10
	-		10
Creditors: amounts falling due within one year	(1,323)		(600)
Net current liabilities		(1,323)		(590)
Total assets less current liabilities		(1,323)		(590)

Net liabilities		(1,323)		(590)

Capital and reserves
Called up share capital	10	10
Profit and loss account	(1,333)	(600)
	(1,323)	(590)

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ISOSCELES TRADING AND CONSTRUCTION LIMITED

REGISTERED NUMBER: 11686742

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 October 2021.

A M Shine

Director

The notes on pages 5 to 6 form part of these financial statements.

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ISOSCELES TRADING AND CONSTRUCTION LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2021

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 April 2020	10	(600)	(590)

Loss for the year	-	(733)	(733)
Total comprehensive income for the year	-	(733)	(733)
At 31 March 2021	10	(1,333)	(1,323)

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ISOSCELES TRADING AND CONSTRUCTION LIMITED

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 31 MARCH 2020

	Called up share capital	Profit and loss account	Total equity
	£	£	£
Comprehensive income for the period
Loss for the period	-	(600)	(600)
Other comprehensive income for the period	-	-	-
Total comprehensive income for the period	-	(600)	(600)
Shares issued during the period	10	-	10
Total transactions with owners	10	-	10
At 31 March 2020	10	(600)	(590)

The notes on pages 5 to 6 form part of these financial statements.

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ISOSCELES TRADING AND CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

1.	General information

Isosceles Trading and Construction Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 11686742. The address of the registered office is Old Station Road, Loughton, Essex, IG10 4PL.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Going concern

The accounts have been prepared on the basis of going concern as the parent company will continue to provide financial support to meet the companies liabilities as they fall due.

2.3

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.4

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

Debtors

					2021	2020
					£	£


Other debtors	-	10
	-	10

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ISOSCELES TRADING AND CONSTRUCTION LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2021

5.	Creditors: Amounts falling due within one year
		2021	2020
		£	£

Other creditors	723	-
Accruals and deferred income	600	600
	1,323	600

6.	Controlling party

The ultimate controlling party by the virtue of shareholding is the parent company.

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