1 August 2022 false No description of principal activity Taxfiler 2023.9.1 10878514business:PrivateLimitedCompanyLtd2022-08-012023-07-31 108785142022-07-31 108785142022-08-012023-07-31 10878514business:AuditExemptWithAccountantsReport2022-08-012023-07-31 10878514business:FilletedAccounts2022-08-012023-07-31 108785142023-07-31 10878514business:Director12022-08-012023-07-31 10878514business:Director22022-08-012023-07-31 10878514business:RegisteredOffice2022-08-012023-07-31 108785142022-07-31 10878514core:WithinOneYear2023-07-31 10878514core:WithinOneYear2022-07-31 10878514core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 10878514core:ShareCapitalcore:PreviouslyStatedAmount2022-07-31 10878514core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 10878514core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-07-31 10878514core:PreviouslyStatedAmount2023-07-31 10878514core:PreviouslyStatedAmount2022-07-31 10878514business:SmallEntities2022-08-012023-07-31 10878514countries:EnglandWales2022-08-012023-07-31 10878514core:LandBuildings2022-08-012023-07-31 10878514core:PlantMachinery2022-08-012023-07-31 10878514core:MotorVehicles2022-08-012023-07-31 10878514core:FurnitureFittings2022-08-012023-07-31 10878514core:ComputerEquipment2022-08-012023-07-31 10878514core:LandBuildings2022-07-31 10878514core:PlantMachinery2022-07-31 10878514core:MotorVehicles2022-07-31 10878514core:ComputerEquipment2022-07-31 10878514core:LandBuildings2023-07-31 10878514core:PlantMachinery2023-07-31 10878514core:MotorVehicles2023-07-31 10878514core:ComputerEquipment2023-07-31 10878514business:OrdinaryShareClass12022-08-012023-07-31 10878514business:OrdinaryShareClass12021-08-012022-07-31 10878514business:OrdinaryShareClass22022-08-012023-07-31 10878514business:OrdinaryShareClass22021-08-012022-07-31 10878514business:OrdinaryShareClass32022-08-012023-07-31 10878514business:OrdinaryShareClass32021-08-012022-07-31 10878514business:OrdinaryShareClass42022-08-012023-07-31 10878514business:OrdinaryShareClass42021-08-012022-07-31 10878514business:OrdinaryShareClass52022-08-012023-07-31 10878514business:OrdinaryShareClass52021-08-012022-07-31 10878514business:AllOrdinaryShares2022-08-012023-07-31 10878514business:AllOrdinaryShares2021-08-012022-07-31 108785142021-08-012022-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10878514 (England and Wales)
Industrial Engineering & Installation Services Limited Unaudited accounts for the year ended 31 July 2023
Industrial Engineering & Installation Services Limited Unaudited accounts Contents
Page
- 2 -
Industrial Engineering & Installation Services Limited Company Information for the year ended 31 July 2023
Directors
Mr Andrew Ridge Mr Stuart Samuel Ashby
Company Number
10878514 (England and Wales)
Registered Office
Riverside Mountbatten Way Congleton Cheshire CW12 1DY
Accountants
Paul Austen Associates Ltd Riverside Mountbatten Way Congleton Cheshire CW12 1DY
- 3 -
Industrial Engineering & Installation Services Limited Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
501,049 
458,426 
Current assets
Inventories
8,252 
8,252 
Debtors
1,771,109 
1,230,735 
Cash at bank and in hand
1,194,667 
1,810,982 
2,974,028 
3,049,969 
Creditors: amounts falling due within one year
(1,982,587)
(2,427,215)
Net current assets
991,441 
622,754 
Net assets
1,492,490 
1,081,180 
Capital and reserves
Called up share capital
104 
104 
Profit and loss account
1,492,386 
1,081,076 
Shareholders' funds
1,492,490 
1,081,180 
For the year ending 31 July 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 15 September 2023 and were signed on its behalf by
Mr Andrew Ridge Director Company Registration No. 10878514
- 4 -
Industrial Engineering & Installation Services Limited Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
Industrial Engineering & Installation Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10878514. The registered office is Riverside, Mountbatten Way, Congleton, Cheshire, CW12 1DY.
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.
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:
Land & buildings
none
Plant & machinery
25% Reducing Balance Basis
Motor vehicles
25% Reducing Balance Basis
Fixtures & fittings
25% Reducing Balance Basis
Computer equipment
25% Reducing Balance Basis
Provisions
The provision is an estimate for reworks where the company has a legal obligation to warrant reworks required for its contracts. Warranty periods can extend for three to five years but as the company and contracts are new no reliable data exists for the costs of expected reworks. Works also require a commission phase so at the date of signing the company is not yet at a phase where reworks are incurred but this may be imminent and so a reasonable estimate of the likely costs considered by the directors and discounted to a present value has been used. Provisions or contingent liabilities will be adjusted as more reliable data becomes available.
Pension costs
The company operates a defined contribution scheme for the benefit of its directors. Contributions payable are recognised in the profit and loss account when due.
- 5 -
Industrial Engineering & Installation Services Limited Notes to the Accounts for the year ended 31 July 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 August 2022
89,200 
230,251 
305,961 
192,259 
817,671 
Additions
- 
62,349 
55,166 
17,414 
134,929 
At 31 July 2023
89,200 
292,600 
361,127 
209,673 
952,600 
Depreciation
At 1 August 2022
- 
107,156 
169,280 
82,809 
359,245 
Charge for the year
- 
30,773 
34,171 
27,362 
92,306 
At 31 July 2023
- 
137,929 
203,451 
110,171 
451,551 
Net book value
At 31 July 2023
89,200 
154,671 
157,676 
99,502 
501,049 
At 31 July 2022
89,200 
123,095 
136,681 
109,450 
458,426 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,332,872 
811,279 
Amounts due from group undertakings etc.
389,185 
375,211 
Other debtors
49,052 
44,245 
1,771,109 
1,230,735 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
335,635 
800,316 
Trade creditors
1,288,331 
1,402,080 
Amounts owed to group undertakings and other participating interests
200,000 
96,000 
Taxes and social security
47,634 
26,996 
Other creditors
109,722 
100,557 
Loans from directors
1,215 
1,216 
Accruals
50 
50 
1,982,587 
2,427,215 
7
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
50 Ordinary 1 GBP £1.00 of £1 each
50 
50 
5 Ordinary A 1 GBP £1.00 of £1 each
5 
5 
45 Ordinary B 1 GBP £1.00 of £1 each
45 
45 
2 Ordinary C 1 GBP £1.00 of £1 each
2 
2 
2 Ordinary D 1 GBP £1.00 of £1 each
2 
2 
104 
104 
- 6 -
Industrial Engineering & Installation Services Limited Notes to the Accounts for the year ended 31 July 2023
8
Average number of employees
During the year the average number of employees was 29 (2022: 8).
- 7 -