Company Registration No. 12965234 (England and Wales)
The Industrial Mandate Limited
Unaudited accounts
for the year ended 31 July 2023
The Industrial Mandate Limited
Unaudited accounts
Contents
The Industrial Mandate Limited
Company Information
for the year ended 31 July 2023
Directors
Matthew James Kenny
Michael Vincent Blakey
Andrew Keith Bennett
Company Number
12965234 (England and Wales)
Registered Office
Unit 16H Follingsby Avenue
Follingsby Industrial Estate
Gateshead
Tyne & Wear
NE10 8YF
United Kingdom
The Industrial Mandate Limited
Statement of financial position
as at 31 July 2023
Intangible assets
10,880,917
10,659,878
Investments
100,402
100,002
Creditors: amounts falling due within one year
(2,538,100)
(2,431,296)
Net current liabilities
(2,538,100)
(2,431,296)
Total assets less current liabilities
8,443,219
8,328,584
Creditors: amounts falling due after more than one year
(1,163,018)
(1,047,016)
Net assets
7,280,201
7,281,568
Called up share capital
20,100
20,100
Profit and loss account
7,260,101
7,261,468
Shareholders' funds
7,280,201
7,281,568
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by
Michael Vincent Blakey
Director
Company Registration No. 12965234
The Industrial Mandate Limited
Notes to the Accounts
for the year ended 31 July 2023
The Industrial Mandate Limited is a private company, limited by shares, registered in England and Wales, registration number 12965234. The registered office is Unit 16H Follingsby Avenue, Follingsby Industrial Estate, Gateshead, Tyne & Wear, NE10 8YF, United Kingdom.
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Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments in shares are included at fair value.
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Intangible fixed assets
Goodwill
At 1 August 2022
10,659,878
At 31 July 2023
10,880,917
At 31 July 2023
10,880,917
At 31 July 2022
10,659,878
The Industrial Mandate Limited
Notes to the Accounts
for the year ended 31 July 2023
5
Investments
Subsidiary undertakings
Valuation at 1 August 2022
100,002
Valuation at 31 July 2023
100,402
The investment is for the 100% ordinary share capital of a wholly owned subsidiary DP Fasteners Limited
6
Creditors: amounts falling due within one year
2023
2022
Amounts owed to group undertakings and other participating interests
2,382,196
2,274,896
Loans from directors
155,904
156,400
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Creditors: amounts falling due after more than one year
2023
2022
Other creditors
1,163,018
1,047,016
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Average number of employees
During the year the average number of employees was 2 (2022: 2).