IRIS Accounts Production v24.1.9.2 01049597 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh010495972022-12-31010495972023-12-31010495972023-01-012023-12-31010495972021-12-31010495972022-01-012022-12-31010495972022-12-3101049597ns15:EnglandWales2023-01-012023-12-3101049597ns14:PoundSterling2023-01-012023-12-3101049597ns10:Director12023-01-012023-12-3101049597ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3101049597ns10:SmallEntities2023-01-012023-12-3101049597ns10:AuditExemptWithAccountantsReport2023-01-012023-12-3101049597ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3101049597ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3101049597ns10:FullAccounts2023-01-012023-12-3101049597ns10:Director22023-01-012023-12-3101049597ns10:CompanySecretary12023-01-012023-12-3101049597ns10:RegisteredOffice2023-01-012023-12-3101049597ns5:CurrentFinancialInstruments2023-12-3101049597ns5:CurrentFinancialInstruments2022-12-3101049597ns5:ShareCapital2023-12-3101049597ns5:ShareCapital2022-12-3101049597ns5:CapitalRedemptionReserve2023-12-3101049597ns5:CapitalRedemptionReserve2022-12-3101049597ns5:RetainedEarningsAccumulatedLosses2023-12-3101049597ns5:RetainedEarningsAccumulatedLosses2022-12-3101049597ns5:ShortLeaseholdAssetsns5:LandBuildings2023-01-012023-12-3101049597ns5:PlantMachinery2023-01-012023-12-3101049597ns5:FurnitureFittings2023-01-012023-12-3101049597ns5:MotorVehicles2023-01-012023-12-3101049597ns5:ComputerEquipment2023-01-012023-12-3101049597ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3101049597ns5:PlantMachinery2022-12-3101049597ns5:FurnitureFittings2022-12-3101049597ns5:ShortLeaseholdAssetsns5:LandBuildings2023-12-3101049597ns5:PlantMachinery2023-12-3101049597ns5:FurnitureFittings2023-12-3101049597ns5:ShortLeaseholdAssetsns5:LandBuildings2022-12-3101049597ns5:PlantMachinery2022-12-3101049597ns5:FurnitureFittings2022-12-3101049597ns5:MotorVehicles2022-12-3101049597ns5:ComputerEquipment2022-12-3101049597ns5:MotorVehicles2023-12-3101049597ns5:ComputerEquipment2023-12-3101049597ns5:MotorVehicles2022-12-3101049597ns5:ComputerEquipment2022-12-3101049597ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3101049597ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31010495971ns10:Director12022-12-31010495971ns10:Director12021-12-31010495971ns10:Director12023-01-012023-12-31010495971ns10:Director12022-01-012022-12-31010495971ns10:Director12023-12-31010495971ns10:Director12022-12-31
REGISTERED NUMBER: 01049597 (England and Wales)











Instrumentation and Control Services
(Hereford) Limited

Unaudited Financial Statements

for the Year Ended 31 December 2023






Instrumentation and Control Services
(Hereford) Limited (Registered number: 01049597)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

Instrumentation and Control Services
(Hereford) Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: N R Birch
P J Yemm





SECRETARY: Mrs K E Prosser





REGISTERED OFFICE: Unit 3
The Old Forge Industrial Estate
Peterchurch
Herefordshire
HR2 0SD





REGISTERED NUMBER: 01049597 (England and Wales)





ACCOUNTANTS: Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ

Instrumentation and Control Services
(Hereford) Limited (Registered number: 01049597)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 46,323 26,861

CURRENT ASSETS
Stocks 5 36,578 37,578
Debtors 6 100,536 126,393
Cash at bank and in hand 293,068 207,768
430,182 371,739
CREDITORS
Amounts falling due within one year 7 85,190 107,669
NET CURRENT ASSETS 344,992 264,070
TOTAL ASSETS LESS CURRENT
LIABILITIES

391,315

290,931

PROVISIONS FOR LIABILITIES 11,948 6,628
NET ASSETS 379,367 284,303

CAPITAL AND RESERVES
Called up share capital 80 80
Capital redemption reserve 20 20
Retained earnings 379,267 284,203
SHAREHOLDERS' FUNDS 379,367 284,303

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

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

Instrumentation and Control Services
(Hereford) Limited (Registered number: 01049597)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 July 2024 and were signed on its behalf by:





N R Birch - Director


Instrumentation and Control Services
(Hereford) Limited (Registered number: 01049597)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Instrumentation and Control Services (Hereford) 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.
Short leasehold - 10% on cost
Plant and machinery - 15% on cost
Office equipment - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 30% on cost

Stocks
Stocks and work in progress are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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

Instrumentation and Control Services
(Hereford) Limited (Registered number: 01049597)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

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 13 (2022 - 14 ) .

4. TANGIBLE FIXED ASSETS
Short Plant and Office
leasehold machinery equipment
£    £    £   
COST
At 1 January 2023 21,087 178,024 3,998
Additions - 27,269 317
Disposals - (396 ) -
At 31 December 2023 21,087 204,897 4,315
DEPRECIATION
At 1 January 2023 16,609 162,760 2,208
Charge for year 1,124 6,235 413
Eliminated on disposal - (396 ) -
At 31 December 2023 17,733 168,599 2,621
NET BOOK VALUE
At 31 December 2023 3,354 36,298 1,694
At 31 December 2022 4,478 15,264 1,790

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 16,238 2,540 221,887
Additions - 1,379 28,965
Disposals - - (396 )
At 31 December 2023 16,238 3,919 250,456
DEPRECIATION
At 1 January 2023 11,756 1,693 195,026
Charge for year 1,120 611 9,503
Eliminated on disposal - - (396 )
At 31 December 2023 12,876 2,304 204,133
NET BOOK VALUE
At 31 December 2023 3,362 1,615 46,323
At 31 December 2022 4,482 847 26,861

Instrumentation and Control Services
(Hereford) Limited (Registered number: 01049597)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

5. STOCKS
2023 2022
£    £   
Stock 27,678 31,078
Work-in-progress 8,900 6,500
36,578 37,578

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 91,803 110,039
Other debtors - 7,900
Directors' current accounts 512 1,001
Prepayments 8,221 7,453
100,536 126,393

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,438 33,657
Tax 22,721 20,952
Social security and other taxes 12,417 19,129
VAT 22,009 25,117
Other creditors 825 765
Accrued expenses 5,780 8,049
85,190 107,669

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 December 2023 and 31 December 2022:

2023 2022
£    £   
N R Birch
Balance outstanding at start of year 1,001 (9,603 )
Amounts advanced 1,052 38,144
Amounts repaid (1,541 ) (27,540 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 512 1,001

The loan to the company is repayable on demand and no interest is being charged by the director.

9. ULTIMATE CONTROLLING PARTY

The controlling party is N R Birch.

Chartered Certified Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Instrumentation and Control Services
(Hereford) Limited

The following reproduces the text of the report prepared for the directors 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 Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Instrumentation and Control Services (Hereford) Limited for the year ended 31 December 2023 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Instrumentation and Control Services (Hereford) Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Instrumentation and Control Services (Hereford) Limited and state those matters that we have agreed to state to the Board of Directors of Instrumentation and Control Services (Hereford) Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Instrumentation and Control Services (Hereford) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Instrumentation and Control Services (Hereford) Limited. You consider that Instrumentation and Control Services (Hereford) Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Instrumentation and Control Services (Hereford) Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Dyke Ruscoe & Hayes Ltd
Chartered Certified Accountants
110 Corve Street
Ludlow
SHROPSHIRE
SY8 1DJ


19 July 2024