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REGISTERED NUMBER: 04373041 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2023

FOR

INTERNATIONAL SCIENTIFIC SUPPLIES LTD

INTERNATIONAL SCIENTIFIC SUPPLIES LTD (REGISTERED NUMBER: 04373041)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTERNATIONAL SCIENTIFIC SUPPLIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2023







Directors: A Littlewood
S T Hill
D Griffiths





Registered office: Unit 6
Valley Road
Bradford
BD1 4RU





Registered number: 04373041 (England and Wales)





Accountants: Haines Watts (East Midlands) Ltd
10 Stadium Business Court
Millennium Way
Pride Park
Derby
Derbyshire
DE24 8HP

INTERNATIONAL SCIENTIFIC SUPPLIES LTD (REGISTERED NUMBER: 04373041)

BALANCE SHEET
30 APRIL 2023

2023 2022
Notes £ £
Fixed assets
Tangible assets 4 1,462,698 2,883,319

Current assets
Stocks 5 1,125,770 970,313
Debtors 6 5,854,997 6,236,988
Cash at bank 77,626 103,313
7,058,393 7,310,614
Creditors
Amounts falling due within one year 7 (2,049,161 ) (2,125,085 )
Net current assets 5,009,232 5,185,529
Total assets less current liabilities 6,471,930 8,068,848

Creditors
Amounts falling due after more than one
year

8

(1,104,013

)

(2,485,516

)

Provisions for liabilities (277,913 ) (546,780 )
Net assets 5,090,004 5,036,552

Capital and reserves
Called up share capital 10 1,000 1,000
Retained earnings 5,089,004 5,035,552
Shareholders' funds 5,090,004 5,036,552

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 January 2024 and were signed on its behalf by:





S T Hill - Director


INTERNATIONAL SCIENTIFIC SUPPLIES LTD (REGISTERED NUMBER: 04373041)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2023

1. STATUTORY INFORMATION

International Scientific Supplies Ltd 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. 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.

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 - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance and 15% on reducing balance

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 Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 53 (2022 - 47 ) .

INTERNATIONAL SCIENTIFIC SUPPLIES LTD (REGISTERED NUMBER: 04373041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and
land machinery fittings Totals
£ £ £ £
Cost
At 1 May 2022 1,144,958 2,669,843 552,113 4,366,914
Additions - 114,455 9,149 123,604
Disposals (1,144,958 ) - (274,486 ) (1,419,444 )
At 30 April 2023 - 2,784,298 286,776 3,071,074
Depreciation
At 1 May 2022 19,083 1,298,887 165,625 1,483,595
Charge for year - 222,812 36,039 258,851
Eliminated on disposal (19,083 ) - (114,987 ) (134,070 )
At 30 April 2023 - 1,521,699 86,677 1,608,376
Net book value
At 30 April 2023 - 1,262,599 200,099 1,462,698
At 30 April 2022 1,125,875 1,370,956 386,488 2,883,319

5. STOCKS
2023 2022
£ £
Stocks 1,125,770 970,313

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Trade debtors 688,038 1,229,549
Amounts due to parent company 4,992,767 4,793,600
Other debtors 174,192 213,839
5,854,997 6,236,988

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
Bank loans and overdrafts 242,632 458,333
Hire purchase contracts (see note 9) 96,405 124,700
Trade creditors 622,337 674,055
Tax 158,160 158,160
Other creditors 929,627 709,837
2,049,161 2,125,085

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£ £
Bank loans - 2-5 years 930,089 1,833,333
Bank loans more 5 yr by instal - 381,945
Hire purchase contracts (see note 9) 173,924 270,238
1,104,013 2,485,516

INTERNATIONAL SCIENTIFIC SUPPLIES LTD (REGISTERED NUMBER: 04373041)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£ £
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 381,945

9. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£ £
Net obligations repayable:
Within one year 96,405 124,700
Between one and five years 173,924 270,238
270,329 394,938

Non-cancellable
operating leases
2023 2022
£ £
Within one year 199,286 153,392
Between one and five years 1,025,600 -
In more than five years 893,873 -
2,118,759 153,392

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £ £
1,000 Ordinary £1000 1,000 1,000

11. RELATED PARTY DISCLOSURES

The company was acquired by STH Plastics Limited during the current year. STH Plastics Limited is the majority shareholder. Mr S Hill, who is a director of this Company, is the ultimate controlling party of STH Plastics Limited.

The directors are the key management personnel.

At the year end, International Scientific Supplies Ltd had the following balances outstanding with STH Plastics Ltd and with Adreco Ltd, a company under common control:

20232022

Debtors
STH Plastics Ltd4,992,7674,793,600
Adreco Ltd10,09675,520

Purchases
Adreco Ltd51,720