2022-06-01 09042461 2023-05-31 09042461 2022-06-01 2023-05-31 09042461 2022-05-31 09042461 2021-06-01 2022-05-31 09042461 uk-core:WithinOneYear 2022-05-31 09042461 uk-core:WithinOneYear 2023-05-31 09042461 uk-core:AfterOneYear 2022-05-31 09042461 uk-core:AfterOneYear 2023-05-31 09042461 uk-core:ShareCapital 2023-05-31 09042461 uk-core:ShareCapital 2022-05-31 09042461 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 09042461 uk-core:RetainedEarningsAccumulatedLosses 2022-05-31 09042461 uk-bus:Director1 2022-06-01 2023-05-31 09042461 uk-core:PlantMachinery 2022-06-01 2023-05-31 09042461 uk-core:MotorVehicles 2022-06-01 2023-05-31 09042461 uk-core:MotorVehicles 2022-05-31 09042461 uk-core:PlantMachinery 2022-05-31 09042461 uk-core:PlantMachinery 2023-05-31 09042461 uk-core:MotorVehicles 2023-05-31 09042461 uk-core:AfterOneYear uk-core:Secured 2023-05-31 09042461 uk-core:AfterOneYear uk-core:Secured 2022-05-31 iso4217:GBP xbrli:pure 09042461 uk-bus:AuditExemptWithAccountantsReport 2022-06-01 2023-05-31 09042461 uk-bus:FRS102 2022-06-01 2023-05-31 09042461 uk-bus:FullAccounts 2022-06-01 2023-05-31 09042461 uk-bus:PrivateLimitedCompanyLtd 2022-06-01 2023-05-31
ISM Industrials Limited
Registered Number:09042461
For the year ended 31 May 2023
England and Wales
Unaudited Financial Statements
2
For the year ended 31 May 2023
ISM Industrials Limited
Contents Page
1
Statement of Financial Position
2 to 4
Notes to the Financial Statements
3
Registered Number :
09042461
As at 31 May 2023
ISM Industrials Limited
Statement of Financial Position
£
£
2022
2023
Notes
Fixed assets
Property, plant and equipment
7,033
9,377
2
7,033
9,377
Current assets
Trade and other receivables
7,309
12,088
3
14,416
Cash and cash equivalents
10,971
23,059
21,725
Trade and other payables: amounts falling due
within one year
(1,290)
(2,109)
4
20,435
20,950
Net current assets
Total assets less current liabilities
27,983
29,812
Trade and other payables: amounts falling due after
more than one year
(9,645)
(7,960)
5
20,023
Net assets
20,167
Capital and reserves
Called up share capital
10
10
Retained earnings
20,013
20,157
20,023
20,167
Shareholders' funds
For the year ended 31 May 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 of its financial statements for the year ended 31 May 2023 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been deliver
ed.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
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4
Registered Number :
09042461
For the year ended 31 May 2023
ISM Industrials Limited
Statement of Financial Position Continued
Mr Ivan Manship Director
These financial statements were approved and authorised for issue by the Board on 16 October 2023 and were signed by:
The notes form part of these financial statements
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5
For the year ended 31 May 2023
ISM Industrials Limited
Notes to the Financial Statements
Statutory Information
ISM Industrials Limited is a private limited company, limited by shares, domiciled in England and
Wales, registration number 09042461.
Registered address:
Willow Tree Farm
16 Thurcaston Lane
Rothley
Leicestershire
LE7 7LF
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of
Financial Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and
Republic of Ireland'' and the Companies Act 2006. The financial statements have been prepared
under the historical costs convention as modified by the revaluation of certain assets.
Property, plant and equipment
Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery
25 Reducing balance
25 Reducing balance
Motor Vehicles
2. Property, plant and equipment
Total
Motor
Vehicles
Plant and
Machinery
£
£
£
Cost or
valuation
At 01 June 2022
30,224
6,000
24,224
At 31 May 2023
24,224
6,000
30,224
Provision for depreciation and impairmen
t
At 01 June 2022
20,847
1,500
19,347
Charge for year
2,344
1,125
1,219
At 31 May 2023
23,191
2,625
20,566
At 31 May 2023
Net book value
3,658
3,375
7,033
At 31 May 2022
4,877
4,500
9,377
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6
For the year ended 31 May 2023
ISM Industrials Limited
Notes to the Financial Statements Continued
3. Trade and other receivables
2022
2023
£
£
Trade debtors
2,291
1,522
Other debtors
9,797
5,787
7,309
12,088
4. Trade and other payables: amounts falling due within one year
2022
2023
£
£
Taxation and social security
1,209
1,170
Other creditors
900
120
2,109
1,290
5. Trade and other payables: amounts falling due after more than one year
2022
2023
£
£
Bank loans and overdraft
7,960
9,645
Other creditors
-
-
7,960
9,645
6. Average number of persons employed
During the year the average number of employees was 1 (2022 : 1)
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