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REGISTERED NUMBER: 03264423 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2023

FOR

INDUSTRIAL MICROBIOLOGICAL SERVICES
LIMITED

INDUSTRIAL MICROBIOLOGICAL SERVICES
LIMITED (REGISTERED NUMBER: 03264423)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INDUSTRIAL MICROBIOLOGICAL SERVICES
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2023







DIRECTOR: Mr P D Askew





SECRETARY: Mrs G W Wright





REGISTERED OFFICE: Odd Fellows Hall
118B Oxford Road
Reading
RG1 7NG





REGISTERED NUMBER: 03264423 (England and Wales)





ACCOUNTANTS: Loman Holbrooke O'Neill Ltd
118B Oxford Road
Reading
Berkshire
RG1 7NG

INDUSTRIAL MICROBIOLOGICAL SERVICES
LIMITED (REGISTERED NUMBER: 03264423)

BALANCE SHEET
31 JANUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 163,673 189,748
Investments 5 300,000 300,000
463,673 489,748

CURRENT ASSETS
Debtors 6 270,237 217,746
Cash at bank 1,601,620 1,552,058
1,871,857 1,769,804
CREDITORS
Amounts falling due within one year 7 282,135 313,056
NET CURRENT ASSETS 1,589,722 1,456,748
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,053,395

1,946,496

CAPITAL AND RESERVES
Called up share capital 1,041 716
Retained earnings 2,052,354 1,945,780
SHAREHOLDERS' FUNDS 2,053,395 1,946,496

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director and authorised for issue on 25 October 2023 and were signed by:




Mr P D Askew - Director


INDUSTRIAL MICROBIOLOGICAL SERVICES
LIMITED (REGISTERED NUMBER: 03264423)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2023

1. STATUTORY INFORMATION

Industrial Microbiological Services Limited 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.

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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.


Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its
estimated useful life.

Laboratory equipment25%reducing balance basis
Fixtures & fittings25%reducing balance basis
Computer equipment25%reducing balance basis
Motor vehicle25%reducing balance basis

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 14 (2022 - 15 ) .

INDUSTRIAL MICROBIOLOGICAL SERVICES
LIMITED (REGISTERED NUMBER: 03264423)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2022 911,400
Additions 28,483
At 31 January 2023 939,883
DEPRECIATION
At 1 February 2022 721,652
Charge for year 54,558
At 31 January 2023 776,210
NET BOOK VALUE
At 31 January 2023 163,673
At 31 January 2022 189,748

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 February 2022
and 31 January 2023 300,000
NET BOOK VALUE
At 31 January 2023 300,000
At 31 January 2022 300,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 259,836 209,857
Other debtors 10,401 7,889
270,237 217,746

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 37,484 42,229
Taxation and social security 73,082 127,119
Other creditors 171,569 143,708
282,135 313,056