IRIS Accounts Production v24.1.9.2 07227149 director 1.10.22 30.9.23 30.9.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh072271492022-09-30072271492023-09-30072271492022-10-012023-09-30072271492021-09-30072271492021-10-012022-09-30072271492022-09-3007227149ns15:EnglandWales2022-10-012023-09-3007227149ns14:PoundSterling2022-10-012023-09-3007227149ns10:Director12022-10-012023-09-3007227149ns10:PrivateLimitedCompanyLtd2022-10-012023-09-3007227149ns10:SmallEntities2022-10-012023-09-3007227149ns10:AuditExemptWithAccountantsReport2022-10-012023-09-3007227149ns10:SmallCompaniesRegimeForDirectorsReport2022-10-012023-09-3007227149ns10:SmallCompaniesRegimeForAccounts2022-10-012023-09-3007227149ns10:FullAccounts2022-10-012023-09-3007227149ns10:RegisteredOffice2022-10-012023-09-3007227149ns5:CurrentFinancialInstruments2023-09-3007227149ns5:CurrentFinancialInstruments2022-09-3007227149ns5:Non-currentFinancialInstruments2023-09-3007227149ns5:Non-currentFinancialInstruments2022-09-3007227149ns5:ShareCapital2023-09-3007227149ns5:ShareCapital2022-09-3007227149ns5:RetainedEarningsAccumulatedLosses2023-09-3007227149ns5:RetainedEarningsAccumulatedLosses2022-09-3007227149ns5:PlantMachinery2022-10-012023-09-3007227149ns5:FurnitureFittings2022-10-012023-09-3007227149ns5:MotorVehicles2022-10-012023-09-3007227149ns5:ComputerEquipment2022-10-012023-09-3007227149ns5:PlantMachinery2022-09-3007227149ns5:FurnitureFittings2022-09-3007227149ns5:MotorVehicles2022-09-3007227149ns5:ComputerEquipment2022-09-3007227149ns5:PlantMachinery2023-09-3007227149ns5:FurnitureFittings2023-09-3007227149ns5:MotorVehicles2023-09-3007227149ns5:ComputerEquipment2023-09-3007227149ns5:PlantMachinery2022-09-3007227149ns5:FurnitureFittings2022-09-3007227149ns5:MotorVehicles2022-09-3007227149ns5:ComputerEquipment2022-09-3007227149ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-3007227149ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-10-012023-09-3007227149ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-09-3007227149ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-09-3007227149ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-09-3007227149ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-09-30
REGISTERED NUMBER: 07227149 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH SEPTEMBER 2023

FOR

INSITUFLOOR LTD

INSITUFLOOR LTD (REGISTERED NUMBER: 07227149)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Report of the Accountants 7

INSITUFLOOR LTD

COMPANY INFORMATION
for the Year Ended 30th September 2023







DIRECTOR: Mr G Kitchen





REGISTERED OFFICE: 95 King Street
Lancaster
Lancashire
LA1 1RH





REGISTERED NUMBER: 07227149 (England and Wales)





ACCOUNTANTS: Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH

INSITUFLOOR LTD (REGISTERED NUMBER: 07227149)

BALANCE SHEET
30th September 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,306 8,361

CURRENT ASSETS
Stocks 2,000 2,000
Debtors 5 17,789 18,175
19,789 20,175
CREDITORS
Amounts falling due within one year 6 18,113 14,191
NET CURRENT ASSETS 1,676 5,984
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,982

14,345

CREDITORS
Amounts falling due after more than one year 7 7,950 13,580
NET ASSETS 32 765

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 31 764
SHAREHOLDERS' FUNDS 32 765

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th September 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.

INSITUFLOOR LTD (REGISTERED NUMBER: 07227149)

BALANCE SHEET - continued
30th September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 24th July 2024 and were signed by:





Mr G Kitchen - Director


INSITUFLOOR LTD (REGISTERED NUMBER: 07227149)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 30th September 2023

1. STATUTORY INFORMATION

Insitufloor 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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% 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.

INSITUFLOOR LTD (REGISTERED NUMBER: 07227149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1st October 2022
and 30th September 2023 3,937 3,000 10,750 824 18,511
DEPRECIATION
At 1st October 2022 2,589 2,471 4,452 638 10,150
Charge for year 339 79 1,575 62 2,055
At 30th September 2023 2,928 2,550 6,027 700 12,205
NET BOOK VALUE
At 30th September 2023 1,009 450 4,723 124 6,306
At 30th September 2022 1,348 529 6,298 186 8,361

INSITUFLOOR LTD (REGISTERED NUMBER: 07227149)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 30th September 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Motor
vehicles
£   
COST
At 1st October 2022
and 30th September 2023 10,750
DEPRECIATION
At 1st October 2022 4,452
Charge for year 1,575
At 30th September 2023 6,027
NET BOOK VALUE
At 30th September 2023 4,723
At 30th September 2022 6,298

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 13,236 60
Other debtors 4,553 18,115
17,789 18,175

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,678 8,758
Hire purchase contracts 2,708 2,708
Trade creditors 950 -
Taxation and social security 1,940 1,787
Other creditors 837 938
18,113 14,191

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 6,000 9,480
Hire purchase contracts 1,950 4,100
7,950 13,580

INSITUFLOOR LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
INSITUFLOOR LTD

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.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30th September 2023 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.

Our report is prepared solely for the confidential use of the above-named and should not be relied upon by any third party without prior reference to ourselves.






Taylor, Robertson & Willett Ltd
95 King Street
Lancaster
Lancashire
LA1 1RH


24th July 2024