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Company Registration No. 04544595 (England and Wales)
Integrated Facilities Systems Limited Unaudited accounts for the year ended 31 March 2023
Integrated Facilities Systems Limited Unaudited accounts Contents
Page
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Integrated Facilities Systems Limited Company Information for the year ended 31 March 2023
Directors
Mr C Paisley Mrs S Paisley
Company Number
04544595 (England and Wales)
Registered Office
19 VALLEY ROAD CODICOTE HITCHIN HERTS SG4 8YA
Accountants
Tarima Limited 71-75 Sheldon Street Covent Garden London WC2H 9JQ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Integrated Facilities Systems Limited for the year ended 31 March 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Integrated Facilities Systems Limited for the year ended 31 March 2023 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Integrated Facilities Systems Limited, as a body, in accordance with the terms of our engagement letter dated 13 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Integrated Facilities Systems Limited and state those matters that we have agreed to state to the Board of Directors of Integrated Facilities Systems Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Integrated Facilities Systems Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Integrated Facilities Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Integrated Facilities Systems Limited. You consider that Integrated Facilities Systems Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Integrated Facilities Systems Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Tarima Limited Chartered Accountants 71-75 Sheldon Street Covent Garden London WC2H 9JQ 9 October 2023
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Integrated Facilities Systems Limited Statement of financial position as at 31 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,213 
1,563 
Current assets
Inventories
160 
200 
Debtors
12,825 
10,439 
Cash at bank and in hand
55,092 
74,997 
68,077 
85,636 
Creditors: amounts falling due within one year
(17,467)
(27,819)
Net current assets
50,610 
57,817 
Net assets
52,823 
59,380 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
52,821 
59,378 
Shareholders' funds
52,823 
59,380 
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 10 October 2023 and were signed on its behalf by
Mr C Paisley Director Company Registration No. 04544595
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Integrated Facilities Systems Limited Notes to the Accounts for the year ended 31 March 2023
1
Statutory information
Integrated Facilities Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 04544595. The registered office is 19 VALLEY ROAD, CODICOTE, HITCHIN, HERTS, SG4 8YA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Integrated Facilities Systems Limited Notes to the Accounts for the year ended 31 March 2023
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2022
90,205 
At 31 March 2023
90,205 
Amortisation
At 1 April 2022
90,205 
At 31 March 2023
90,205 
Net book value
At 31 March 2023
- 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2022
543 
7,201 
3,493 
11,237 
Additions
- 
- 
1,689 
1,689 
At 31 March 2023
543 
7,201 
5,182 
12,926 
Depreciation
At 1 April 2022
136 
7,107 
2,431 
9,674 
Charge for the year
136 
23 
880 
1,039 
At 31 March 2023
272 
7,130 
3,311 
10,713 
Net book value
At 31 March 2023
271 
71 
1,871 
2,213 
At 31 March 2022
407 
94 
1,062 
1,563 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
6,110 
4,135 
Other debtors
6,715 
6,304 
12,825 
10,439 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
1,583 
4,089 
Trade creditors
1,904 
5,896 
Taxes and social security
13,080 
15,600 
Accruals
900 
2,234 
17,467 
27,819 
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Integrated Facilities Systems Limited Notes to the Accounts for the year ended 31 March 2023
8
Controlling party
Mr C Paisley, with his spouse Mrs S Paisley, both of whom are directors control the company by virtue of their 100% ownership in the issued share capital of the company.
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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