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REGISTERED NUMBER: 11922675 (England and Wales)
















Unaudited Financial Statements

for the Year Ended 30 April 2024

for

Internal Solutions (Southern) Limited

Internal Solutions (Southern) Limited (Registered number: 11922675)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Internal Solutions (Southern) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R Bennett
R J G Reed





REGISTERED OFFICE: 1 Manor Court
6 Barnes Wallis Road
Fareham
Hampshire
PO15 5TH





REGISTERED NUMBER: 11922675 (England and Wales)





ACCOUNTANTS: Roches
Chartered Accountants
1 Manor Court
6 Barnes Wallis Road
Segensworth
Fareham
Hampshire
PO15 5TH

Internal Solutions (Southern) Limited (Registered number: 11922675)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 515,978 587,990

CURRENT ASSETS
Debtors 5 984,150 324,661
Cash at bank 178,287 230,994
1,162,437 555,655
CREDITORS
Amounts falling due within one year 6 776,867 482,360
NET CURRENT ASSETS 385,570 73,295
TOTAL ASSETS LESS CURRENT
LIABILITIES

901,548

661,285

CREDITORS
Amounts falling due after more than one
year

7

(530,439

)

(341,913

)

PROVISIONS FOR LIABILITIES (98,036 ) (65,478 )
NET ASSETS 273,073 253,894

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 272,973 253,794
273,073 253,894

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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

Internal Solutions (Southern) Limited (Registered number: 11922675)

Balance Sheet - continued
30 April 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 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 29 July 2024 and were signed on its behalf by:




R Bennett - Director



R J G Reed - Director


Internal Solutions (Southern) Limited (Registered number: 11922675)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Internal Solutions (Southern) Limited 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 etc - 25% on reducing balance, 25% on cost and 15% on reducing balance

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable and loans to related parties.

Financial assets & financial liabilities are initially recognised at the transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method. However, if the arrangement constitutes a financing transaction then it is measured at the present value of the future receipts discounted at a market rate of interest.

Financial assets & financial liabilities classified as receivable within one year are not amortised.

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.

Internal Solutions (Southern) Limited (Registered number: 11922675)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 16 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023 799,756
Additions 88,097
At 30 April 2024 887,853
DEPRECIATION
At 1 May 2023 211,766
Charge for year 160,109
At 30 April 2024 371,875
NET BOOK VALUE
At 30 April 2024 515,978
At 30 April 2023 587,990

Internal Solutions (Southern) Limited (Registered number: 11922675)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 May 2023 667,884
Additions 71,084
At 30 April 2024 738,968
DEPRECIATION
At 1 May 2023 175,283
Charge for year 131,414
At 30 April 2024 306,697
NET BOOK VALUE
At 30 April 2024 432,271
At 30 April 2023 492,601

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 569,268 319,090
Amounts owed by associates 410,970 -
Other debtors 3,912 5,571
984,150 324,661

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 135,687 104,250
Trade creditors 359,054 173,223
Taxation and social security 88,915 85,813
Other creditors 183,211 109,074
776,867 482,360

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Bank loans 11,667 21,667
Hire purchase contracts 237,879 320,246
Other creditors 280,893 -
530,439 341,913