IRIS Accounts Production v23.3.0.418 04652086 director 1.4.22 31.3.23 31.3.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046520862022-03-31046520862023-03-31046520862022-04-012023-03-31046520862021-03-31046520862021-04-012022-03-31046520862022-03-3104652086ns14:PoundSterlingns10:Original2022-04-012023-03-3104652086ns10:Originalns10:Director12022-04-012023-03-3104652086ns10:Original2022-04-012023-03-3104652086ns10:Original2023-03-3104652086ns10:Originalns10:PrivateLimitedCompanyLtd2022-04-012023-03-3104652086ns10:Originalns10:SmallEntities2022-04-012023-03-3104652086ns10:Originalns10:AuditExempt-NoAccountantsReport2022-04-012023-03-3104652086ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-04-012023-03-3104652086ns10:SmallCompaniesRegimeForAccountsns10:Original2022-04-012023-03-3104652086ns10:Originalns10:FullAccounts2022-04-012023-03-3104652086ns10:Originalns10:RegisteredOffice2022-04-012023-03-3104652086ns10:Original2022-03-3104652086ns10:Originalns5:CurrentFinancialInstruments2023-03-3104652086ns10:Originalns5:CurrentFinancialInstruments2022-03-3104652086ns10:Originalns5:Non-currentFinancialInstruments2023-03-3104652086ns10:Originalns5:Non-currentFinancialInstruments2022-03-3104652086ns5:ShareCapitalns10:Original2023-03-3104652086ns5:ShareCapitalns10:Original2022-03-3104652086ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-03-3104652086ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-03-3104652086ns10:Originalns5:PlantMachinery2022-04-012023-03-3104652086ns10:Original2021-04-012022-03-3104652086ns10:Originalns5:PlantMachinery2022-03-3104652086ns10:Originalns5:PlantMachinery2023-03-3104652086ns10:Originalns5:PlantMachinery2022-03-3104652086ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3104652086ns10:Originalns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-03-3104652086ns10:Original1ns10:Director12022-03-3104652086ns10:Original1ns10:Director12021-03-3104652086ns10:Original1ns10:Director12022-04-012023-03-3104652086ns10:Original1ns10:Director12021-04-012022-03-3104652086ns10:Original1ns10:Director12023-03-3104652086ns10:Original1ns10:Director12022-03-31
REGISTERED NUMBER: 04652086


















Unaudited Financial Statements

for the Year Ended 31 March 2023

for

Inserco Industrial (Controls) Limited

Inserco Industrial (Controls) Limited (Registered number: 04652086)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Inserco Industrial (Controls) Limited

Company Information
for the Year Ended 31 March 2023







DIRECTOR: K P Gilliham





REGISTERED OFFICE: Workshop 6
CEME Campus
Marsh Way
Rainham
Essex
RM13 8EU





REGISTERED NUMBER: 04652086





ACCOUNTANTS: Anser Solutions!
Chartered Accountants
Suite 3 Warren House
10-20 Main Road
Hockley
Essex
SS5 4QS

Inserco Industrial (Controls) Limited (Registered number: 04652086)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 168,939 111,743

CURRENT ASSETS
Stocks 14,650 7,760
Debtors 5 379,506 531,712
Cash at bank 479,123 246,490
873,279 785,962
CREDITORS
Amounts falling due within one year 6 363,493 309,033
NET CURRENT ASSETS 509,786 476,929
TOTAL ASSETS LESS CURRENT
LIABILITIES

678,725

588,672

CREDITORS
Amounts falling due after more than one year 7 (42,680 ) (37,290 )

PROVISIONS FOR LIABILITIES (39,663 ) (21,231 )
NET ASSETS 596,382 530,151

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 596,282 530,051
596,382 530,151

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

Inserco Industrial (Controls) Limited (Registered number: 04652086)

Balance Sheet - continued
31 March 2023


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 11 November 2023 and were signed by:





K P Gilliham - Director


Inserco Industrial (Controls) Limited (Registered number: 04652086)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

Inserco Industrial (Controls) Limited is a private company, limited by shares , registered in Not specified/Other. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Significant judgements and estimates
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates.

Due to the simplicity of the company's transactions and the year-end financial position, the director considers there to be no critical judgements, estimates or assumptions in the preparation of these financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 20% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Inserco Industrial (Controls) Limited (Registered number: 04652086)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2022 243,357
Additions 134,693
Disposals (87,397 )
At 31 March 2023 290,653
DEPRECIATION
At 1 April 2022 131,614
Charge for year 13,377
Eliminated on disposal (23,277 )
At 31 March 2023 121,714
NET BOOK VALUE
At 31 March 2023 168,939
At 31 March 2022 111,743

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 341,006 229,181
Amounts owed by group undertakings - 140,531
Other debtors 38,500 162,000
379,506 531,712

Inserco Industrial (Controls) Limited (Registered number: 04652086)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 9,830 9,575
Hire purchase contracts 9,894 -
Trade creditors 171,136 153,168
Taxation and social security 152,340 129,465
Other creditors 20,293 16,825
363,493 309,033

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 27,461 37,290
Hire purchase contracts 15,219 -
42,680 37,290

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23 31.3.22
£    £   
K P Gilliham
Balance outstanding at start of year 162,000 -
Amounts advanced 38,500 162,000
Amounts repaid (162,000 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,500 162,000

The above loan was granted on an interest free basis & repayable within 9 months of the balance sheet date.