4 5 February 2024 false false false false false false false false false true false false false false false false No description of principal activity 2022-08-01 Sage Accounts Production Advanced 2021 - FRS102_2021 28,519 99 28,618 10,005 3,720 13,725 14,893 18,514 xbrli:pure xbrli:shares iso4217:GBP 12622487 2022-08-01 2023-07-31 12622487 2023-07-31 12622487 2022-07-31 12622487 2021-08-01 2022-07-31 12622487 2022-07-31 12622487 core:PlantMachinery 2022-08-01 2023-07-31 12622487 bus:OrdinaryShareClass1 2022-08-01 2023-07-31 12622487 bus:Director1 2022-08-01 2023-07-31 12622487 core:PlantMachinery 2022-07-31 12622487 core:PlantMachinery 2023-07-31 12622487 core:WithinOneYear 2023-07-31 12622487 core:WithinOneYear 2022-07-31 12622487 core:ShareCapital 2023-07-31 12622487 core:ShareCapital 2022-07-31 12622487 core:RetainedEarningsAccumulatedLosses 2023-07-31 12622487 core:RetainedEarningsAccumulatedLosses 2022-07-31 12622487 core:PlantMachinery 2022-07-31 12622487 bus:SmallEntities 2022-08-01 2023-07-31 12622487 bus:Audited 2022-08-01 2023-07-31 12622487 bus:FullAccounts 2022-08-01 2023-07-31 12622487 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12622487 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12622487 bus:OrdinaryShareClass1 2023-07-31 12622487 bus:OrdinaryShareClass1 2022-07-31
COMPANY REGISTRATION NUMBER: 12622487
IMPERIAL HYGIENE SOLUTIONS LIMITED
FILLETED FINANCIAL STATEMENTS
31 July 2023
IMPERIAL HYGIENE SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2023
2023
2022
Note
£
£
£
Fixed assets
Tangible assets
5
14,893
18,514
Current assets
Debtors
6
100,328
118,053
Cash at bank and in hand
37,371
11,490
----------
----------
137,699
129,543
Creditors: amounts falling due within one year
7
415,477
392,156
----------
----------
Net current liabilities
277,778
262,613
----------
----------
Total assets less current liabilities
( 262,885)
( 244,099)
----------
----------
Net liabilities
( 262,885)
( 244,099)
----------
----------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
( 262,985)
( 244,199)
----------
----------
Shareholders deficit
( 262,885)
( 244,099)
----------
----------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 5 February 2024 , and are signed on behalf of the board by:
A O'Connell
Director
Company registration number: 12622487
IMPERIAL HYGIENE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As at 31 July 2023 the company's current liabilities exceed the company's total assets by £262,885. The company was financially supported by a fellow subsidiary during the accounting period and the financial support continues into subsequent periods. It is for this reason the financial statements have been prepared on a going concern basis. The UK economy was impacted by weak economic growth and high inflation rates during the company's accounting period The company has been able to address these challenges and has been able to continue satisfactorily during this accounting period and subsequently.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.
Creditors
Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.
Judgements and key sources of estimation uncertainty
There are no significant estimates or assumptions made that have a significant risk of causing material adjustment to carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and equipment
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, either financial assets, financial liabilities or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2022: 4 ).
5. Tangible assets
Plant and equipment
Total
£
£
Cost
At 1 August 2022
28,519
28,519
Additions
99
99
--------
--------
At 31 July 2023
28,618
28,618
--------
--------
Depreciation
At 1 August 2022
10,005
10,005
Charge for the year
3,720
3,720
--------
--------
At 31 July 2023
13,725
13,725
--------
--------
Carrying amount
At 31 July 2023
14,893
14,893
--------
--------
At 31 July 2022
18,514
18,514
--------
--------
6. Debtors
2023
2022
£
£
Trade debtors
50,449
80,888
Amounts owed by group undertakings
100
100
Other debtors
49,779
37,065
----------
----------
100,328
118,053
----------
----------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
261,138
233,177
Amounts owed to group undertakings
135,000
135,000
Social security and other taxes
15,576
19,749
Other creditors
3,763
4,230
----------
----------
415,477
392,156
----------
----------
8. Called up share capital
Authorised share capital
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
Issued, called up and fully paid
2023
2022
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Summary audit opinion
The auditor's report for the year dated 5 February 2024 was unqualified .
The senior statutory auditor was Philip Benson Woodman FCCA , for and on behalf of Opass Billings Wilson & Honey LLP .
10. Parent company
The company's parent undertaking is Imperial Ductwork Services Holdings Limited.
11. Ultimate parent company
The company's ultimate parent company is IDSH Limited. It has included the company in its group accounts, copies of which are available from its registered office: Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.