2023-04-012024-03-312024-03-31falseSC690644INDUSTRIAL GROUP INTERNATIONAL 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INDUSTRIAL GROUP INTERNATIONAL LTD

Registered Number
SC690644
(Scotland)

Unaudited Financial Statements for the Year ended
31 March 2024

INDUSTRIAL GROUP INTERNATIONAL LTD
Company Information
for the year from 1 April 2023 to 31 March 2024

Directors

Ross Thomas Brown
David Thomas Campbell
Guy Johnston
Jamie Paul Todd

Registered Address

I-Scaff/Industrail Group 72a
Whitecraigs Road
Glenrothes
KY6 2RX

Registered Number

SC690644 (Scotland)
INDUSTRIAL GROUP INTERNATIONAL LTD
Balance Sheet as at
31 March 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors389,70522,080
Cash at bank and on hand47,93414,972
137,63937,052
Creditors amounts falling due within one year4(118,565)(20,948)
Net current assets (liabilities)19,07416,104
Total assets less current liabilities19,07416,104
Net assets19,07416,104
Capital and reserves
Called up share capital6060
Profit and loss account19,01416,044
Shareholders' funds19,07416,104
The financial statements were approved and authorised for issue by the Board of Directors on 15 July 2024, and are signed on its behalf by:
Jamie Paul Todd
Director
Registered Company No. SC690644
INDUSTRIAL GROUP INTERNATIONAL LTD
Notes to the Financial Statements
for the year ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2.Average number of employees

20242023
Average number of employees during the year44
3.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables78,27620,672
Other debtors4,3621,077
Prepayments and accrued income7,067331
Total89,70522,080
4.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables95,08914,552
Taxation and social security5,9163,836
Other creditors16,4401,440
Accrued liabilities and deferred income1,1201,120
Total118,56520,948