ISP Developments Calverton Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 11823938 (England and Wales)

ISP DEVELOPMENTS CALVERTON LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2022

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

S M Pogson

I M Sargent

REGISTERED OFFICE:

Cedar House

Belle Eau Park

Industrial Estate

Bilsthorpe

Nottinghamshire

NG22 8TX

REGISTERED NUMBER:

11823938 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Holdings Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

CURRENT ASSETS

Debtors

4

76,651

83,951

Cash at bank

89

12,039

76,740

95,990

CREDITORS

Amounts falling due within one year

5

1,200

19,049

NET CURRENT ASSETS

75,540

76,941

TOTAL ASSETS LESS CURRENT LIABILITIES

75,540

76,941

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

75,538

76,939

75,540

76,941

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2022 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 August 2023 and were signed on its behalf by:

S M Pogson - Director

1.	STATUTORY INFORMATION

ISP Developments Calverton Ltd 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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.

Revenue

Revenue is recognised to the extent that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Revenue is recognised when the significant risks and rewards of ownership have passed to the buyer. This is usually when the contract is complete.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2021 - 2 ) .

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Amounts owed by participating interests

76,649

83,949

Other debtors

2

2

76,651

83,951

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2022

2021

£

£

Taxation and social security

-

18,049

Other creditors

1,200

1,000

1,200

19,049

6.	RELATED PARTY DISCLOSURES

At the year end, £76.649 (2021: £83,949) was due from a company jointly controlled by Mr I M Sargent and Mr S M Pogson. This balance is included in other debtors.