ISMAILBRA LTD Company Accounts
ISMAILBRA LTD Company Accounts
COMPANY REGISTRATION NUMBER:
09006651
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Financial Statements |
Year ended 30 April 2018
Contents |
Page |
Director's report |
1 |
Statement of income and retained earnings |
2 |
Statement of financial position |
3 |
Notes to the financial statements |
4 |
The following pages do not form part of the financial statements
Detailed income statement |
9 |
Notes to the detailed income statement |
10 |
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Director's Report |
Year ended 30 April 2018
The director presents her report and the unaudited financial statements of the company for the year ended
30 April 2018
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Director
The director who served the company during the year was as follows:
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Small company provisions
This report was approved by the board of directors on
31 May 2018
and signed on behalf of the board by:
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Director |
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Registered office: |
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UK |
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Statement of Income and Retained Earnings |
Year ended 30 April 2018
2018 |
2017 |
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Note |
£ |
£ |
Turnover |
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------- |
-------- |
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Gross profit |
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Administrative expenses |
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------- |
-------- |
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Operating (loss)/profit |
(
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Other interest receivable and similar income |
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------- |
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(Loss)/profit before taxation |
4 |
(
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Tax on (loss)/profit |
– |
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------- |
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(Loss)/profit for the financial year and total comprehensive income |
(
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------- |
------- |
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Dividends paid and payable |
– |
(
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Retained earnings at the start of the year |
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------- |
------- |
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Retained (losses)/earnings at the end of the year |
(
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All the activities of the company are from continuing operations.
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Statement of Financial Position |
2018 |
2017 |
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Note |
£ |
£ |
£ |
Fixed assets
Tangible assets |
5 |
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Current assets
Cash at bank and in hand |
– |
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Creditors: amounts falling due within one year |
6 |
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Net current liabilities |
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Total assets less current liabilities |
(
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Net (liabilities)/assets |
(
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Capital and reserves
Called up share capital |
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Profit and loss account |
(
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------- |
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Shareholders (deficit)/funds |
(
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
31 May 2018
, and are signed on behalf of the board by:
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Director |
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Company registration number:
09006651
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Notes to the Financial Statements |
Year ended 30 April 2018
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is FLAT 7, 27 COLEGROVE ROAD, PECKHAM, LONDON, SE15 6NT, UK.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Judgements and key sources of estimation uncertainty
Revenue recognition
Income tax
Tangible assets
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures & Fittings |
- |
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Motor Vehicle |
- |
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Office Equipment |
- |
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Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
4.
Profit before taxation
(Loss)/profit before taxation is stated after charging:
2018 |
2017 |
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£ |
£ |
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Depreciation of tangible assets |
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------- |
------- |
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5.
Tangible assets
Fixtures and fittings |
Motor vehicles |
Equipment |
Total |
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£ |
£ |
£ |
£ |
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Cost |
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At 1 May 2017 and 30 April 2018 |
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Depreciation |
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At 1 May 2017 |
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Charge for the year |
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------- |
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At 30 April 2018 |
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Carrying amount |
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At 30 April 2018 |
– |
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– |
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At 30 April 2017 |
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6.
Creditors:
amounts falling due within one year
2018 |
2017 |
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£ |
£ |
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Corporation tax |
– |
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Other creditors |
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------- |
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7.
Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2018 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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(
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2017 |
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Balance brought forward |
Advances/ (credits) to the director |
Balance outstanding |
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£ |
£ |
£ |
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(
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(
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8.
Related party transactions
The company was under the control of Ms Isatuo Ceesay throughout the current and previous year. Ms Isatuo Ceesay is the managing director and majority shareholder. No transactions with related parties were undertaken such as are required to be disclosed under Financial Reporting Standard for Smaller Entities (2015)
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Management Information |
Year ended 30 April 2018
The following pages do not form part of the financial statements.
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Detailed Income Statement |
Year ended 30 April 2018
2018 |
2017 |
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£ |
£ |
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Turnover |
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------- |
-------- |
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Gross profit |
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Overheads
Administrative expenses |
5,901 |
12,400 |
------- |
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Operating (loss)/profit |
(
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Other interest receivable and similar income |
5 |
6 |
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------- |
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(Loss)/profit before taxation |
(2,494) |
1,171 |
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Notes to the Detailed Income Statement |
Year ended 30 April 2018
2018 |
2017 |
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£ |
£ |
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Administrative expenses
Rent |
2,160 |
4,200 |
Light and heat |
210 |
1,011 |
Insurance |
480 |
880 |
Motor expenses |
350 |
1,775 |
Travel and subsistence |
165 |
1,571 |
Telephone |
221 |
603 |
Equipment repairs and renewals |
68 |
106 |
Printing postage and stationery |
40 |
85 |
General expenses (allowable) |
63 |
117 |
Management charges payable |
170 |
– |
Accountancy fees |
665 |
665 |
Depreciation of tangible assets |
1,241 |
1,276 |
Bank charges |
68 |
111 |
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5,901 |
12,400 |
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Other interest receivable and similar income
Interest on cash and cash equivalents |
– |
6 |
Interest on bank deposits |
5 |
– |
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5 |
6 |
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