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REGISTERED NUMBER: SC315486 (Scotland)












Financial Statements for the Year Ended 31 January 2024

for

INTERFACE ENGINEERING SOLUTIONS LTD

INTERFACE ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: SC315486)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTERFACE ENGINEERING SOLUTIONS LTD

Company Information
for the Year Ended 31 January 2024







DIRECTORS: J R Tomas
D M Tomas





REGISTERED OFFICE: 27 Airyhall Avenue
Aberdeen
Aberdeenshire
AB15 7QP





REGISTERED NUMBER: SC315486 (Scotland)





ACCOUNTANTS: Account Tax Ltd
Chartered Certified Accountants
12 Traill Drive
Montrose
Angus
DD10 8SW

INTERFACE ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: SC315486)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 9,369 11,513

CURRENT ASSETS
Cash at bank 214,843 161,860

CREDITORS
Amounts falling due within one year 5 39,375 17,902
NET CURRENT ASSETS 175,468 143,958
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,837

155,471

PROVISIONS FOR LIABILITIES 1,220 1,627
NET ASSETS 183,617 153,844

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 183,517 153,744
SHAREHOLDERS' FUNDS 183,617 153,844

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

INTERFACE ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: SC315486)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 March 2024 and were signed on its behalf by:





J R Tomas - Director


INTERFACE ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: SC315486)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Interface Engineering Solutions Ltd is a private company, limited by shares , registered in Scotland. 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 - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax, where material. Tax is recognised in the Profit and Loss Account, 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 that have been enacted or substantively enacted by the balance sheet date.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INTERFACE ENGINEERING SOLUTIONS LTD (REGISTERED NUMBER: SC315486)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 February 2023
and 31 January 2024 2,950 16,872 915 16,698 37,435
DEPRECIATION
At 1 February 2023 - 12,511 860 12,551 25,922
Charge for year - 1,093 14 1,037 2,144
At 31 January 2024 - 13,604 874 13,588 28,066
NET BOOK VALUE
At 31 January 2024 2,950 3,268 41 3,110 9,369
At 31 January 2023 2,950 4,361 55 4,147 11,513

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 72 (421 )
Taxation and social security 37,443 16,680
Other creditors 1,860 1,643
39,375 17,902

6. RELATED PARTY DISCLOSURES

During the year, total dividends of £65,985 (2023 - £54,892) were paid to the directors .

The company was under the control of the directors, J R Tomas and D M Tomas, throughout the current and previous year.

During the year the directors advanced the company net amounts totalling £217. As at 31 January 2024, included within other creditors, is a balance outstanding due to the directors of £835 (2023 - £618). No interest has been paid on this loan.