Registered number
10266953
Interlocks Surveys Limited
Report and Accounts
31 July 2023
Accountancy 4 Wealth Limited
Accountants and Business Advisors
33 Wolverhampton Road
Cannock
Staffordshire
WS11 1AP
Interlocks Surveys Limited
Registered number: 10266953
Balance Sheet
as at 31 July 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 173,536 115,105
Current assets
Debtors 4 368,838 232,974
Cash at bank and in hand 151,500 163,431
520,338 396,405
Creditors: amounts falling due within one year 5 (603,236) (447,917)
Net current liabilities (82,898) (51,512)
Total assets less current liabilities 90,638 63,593
Creditors: amounts falling due after more than one year 6 (44,680) (36,140)
Provisions for liabilities (6,471) -
Net assets 39,487 27,453
Capital and reserves
Called up share capital 2 2
Profit and loss account 39,485 27,451
Shareholders' funds 39,487 27,453
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Todd
Director
Approved by the board on 31 October 2023
Interlocks Surveys Limited
Notes to the Accounts
for the year ended 31 July 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Motor vehicles over 4 years
Plant and machinery over 4 years
Fixtures, fittings, tools and equipment over 4 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Leasing and hire purchase commitments
Assets held under finance leases and hire purchase contracts, which are those where substantially all the risks and rewards of ownership of the asset have passed to the company, are capitalised in the balance sheet and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability.

The interest element of the rental obligations is charged to the profit and loss account over the period of the lease and represents a constant proportion of the balance of capital repayments outstanding.

Rentals paid under operating leases are charged to income on a straight line basis over the lease term.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 28 24
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 August 2022 225,536 148,962 374,498
Additions 63,950 82,851 146,801
Disposals (37,493) - (37,493)
At 31 July 2023 251,993 231,813 483,806
Depreciation
At 1 August 2022 158,520 100,873 259,393
Charge for the year 36,591 27,430 64,021
On disposals (13,144) - (13,144)
At 31 July 2023 181,967 128,303 310,270
Net book value
At 31 July 2023 70,026 103,510 173,536
At 31 July 2022 67,016 48,089 115,105
4 Debtors 2023 2022
£ £
Trade debtors 323,079 178,873
Other debtors 45,759 54,101
368,838 232,974
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 9,767 10,000
Obligations under finance lease and hire purchase contracts 19,827 15,199
Trade creditors 59,154 52,723
Amounts owed to group undertakings and undertakings in which the company has a participating interest 316,657 212,116
Corporation tax 36,985 17,001
Other taxes and social security costs 136,103 113,433
Other creditors 24,743 27,445
603,236 447,917
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 20,156 29,690
Obligations under finance lease and hire purchase contracts 24,524 6,450
44,680 36,140
7 Related party transactions
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland", not to disclose related party transactions with wholly owned/connected subsidiaries.
8 Controlling party
The company is 100% owned by St. Andrews Vale Limited, company incorporated in the UK and under the control of the directors.
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