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REGISTERED NUMBER: 02652403 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED (REGISTERED NUMBER: 02652403)






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

Chartered Accountants' Report 8

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2023







DIRECTOR: J C Jarvis





SECRETARY: Mrs A Jarvis





REGISTERED OFFICE: 7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG





REGISTERED NUMBER: 02652403 (England and Wales)





ACCOUNTANTS: D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED (REGISTERED NUMBER: 02652403)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 135,723 148,833

CURRENT ASSETS
Stocks 10,535 8,700
Debtors 6 102,142 91,720
Cash at bank 32,288 36,916
144,965 137,336
CREDITORS
Amounts falling due within one year 7 118,893 109,842
NET CURRENT ASSETS 26,072 27,494
TOTAL ASSETS LESS CURRENT
LIABILITIES

161,795

176,327

CREDITORS
Amounts falling due after more than one
year

8

(42,021

)

(56,621

)

PROVISIONS FOR LIABILITIES (22,383 ) (24,870 )
NET ASSETS 97,391 94,836

CAPITAL AND RESERVES
Called up share capital 450 450
Retained earnings 96,941 94,386
SHAREHOLDERS' FUNDS 97,391 94,836

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.

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED (REGISTERED NUMBER: 02652403)

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 14 November 2023 and were signed by:





J C Jarvis - Director


INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED (REGISTERED NUMBER: 02652403)

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

1. STATUTORY INFORMATION

Industrial Engineering Services (Wrexham) 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Going Concern
The financial statements have been prepared on a going concern basis as the directors are of the opinion that the Company will be able to pay its liabilities as and when they fall due.

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.
Short leasehold - 2% on cost
Plant and machinery - 17.5% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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

Cost includes all direct expenditure and an appropriate proportion of fixed and variable overheads.

Financial instruments
Basic financial instruments are recognised at amortised cost.

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.

Pension costs and other post-retirement benefits
The company contributes to the directors personal pension funds. Contributions payable for the year are charged in the profit and loss account.

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED (REGISTERED NUMBER: 02652403)

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

3. ACCOUNTING POLICIES - continued

Deferred government grant
The deferred government grant shown in the balance sheet is being written off to the profit & loss account at the same rate as the depreciation charge on the asset purchased.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2022 - 12 ) .

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 April 2022 41,687 404,633 446,320
Additions - 22,730 22,730
Disposals - (27,802 ) (27,802 )
At 31 March 2023 41,687 399,561 441,248
DEPRECIATION
At 1 April 2022 8,067 289,420 297,487
Charge for year 834 22,849 23,683
Eliminated on disposal - (15,645 ) (15,645 )
At 31 March 2023 8,901 296,624 305,525
NET BOOK VALUE
At 31 March 2023 32,786 102,937 135,723
At 31 March 2022 33,620 115,213 148,833


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade debtors 101,554 89,521
Directors' current accounts - 1,797
Prepayments and accrued income 588 402
102,142 91,720

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED (REGISTERED NUMBER: 02652403)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Bank loans and overdrafts 10,001 13,296
Hire purchase contracts 19,913 12,343
Trade creditors 34,842 34,258
Tax 22,248 14,682
Social security and other taxes 21,858 31,639
Other creditors - 475
Directors' current accounts 6,774 -
Accrued expenses 3,000 2,835
Deferred government grants 257 314
118,893 109,842

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.23 31.3.22
£    £   
Bank loans 1- 5 years 27,500 32,500
Hire purchase contracts 13,335 22,678
Deferred government grants 1,186 1,443
42,021 56,621

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.23 31.3.22
£    £   
Bank overdrafts 1 3,296
Hire purchase contracts 33,248 35,021
33,249 38,317

The bank overdraft facility is secured by way of a debenture on the assets of the company.

Hire purchase contracts are secured on the assets to which they relate.

10. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases at 31 March 2023 of £44,400 (2022: £66,600).

INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED (REGISTERED NUMBER: 02652403)

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

11. 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
£    £   
J C Jarvis
Balance outstanding at start of year 1,797 (8,133 )
Amounts advanced (45,582 ) 75,411
Amounts repaid 37,011 (65,481 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (6,774 ) 1,797

The directors loan is interest free and repayable on demand.

12. RELATED PARTY DISCLOSURES

During the year, total dividends of £44,667 (2022 - £45,000) were paid to the directors.

13. GOVERNMENT GRANTS

The results for the year includes £314 (2022: £43,343) which relates to income recognised in the profit and loss account, from government grants.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INDUSTRIAL ENGINEERING SERVICES
(WREXHAM) LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Industrial Engineering Services (Wrexham) Limited for the year ended 31 March 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Industrial Engineering Services (Wrexham) Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Industrial Engineering Services (Wrexham) Limited and state those matters that we have agreed to state to the director of Industrial Engineering Services (Wrexham) Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Industrial Engineering Services (Wrexham) Limited and its director for our work or for this report.

It is your duty to ensure that Industrial Engineering Services (Wrexham) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Industrial Engineering Services (Wrexham) Limited. You consider that Industrial Engineering Services (Wrexham) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Industrial Engineering Services (Wrexham) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D.R.E. & Co. Limited
Chartered Accountants
7 Lower Brook Street
Oswestry
Shropshire
SY11 2HG


14 November 2023