2023-02-012024-02-292024-02-29false14630492IHS DRYWALL LIMITED2024-08-2043999iso4217:GBPxbrli:pure146304922023-02-01146304922024-02-29146304922023-02-012024-02-29146304922023-01-31146304922023-01-31146304922023-01-312023-01-3114630492bus:SmallEntities2023-02-012024-02-2914630492bus:AuditExempt-NoAccountantsReport2023-02-012024-02-2914630492bus:FullAccounts2023-02-012024-02-2914630492bus:PrivateLimitedCompanyLtd2023-02-012024-02-2914630492core:WithinOneYear2024-02-2914630492core:AfterOneYear2024-02-2914630492core:WithinOneYear2023-01-3114630492core:AfterOneYear2023-01-3114630492core:ShareCapital2024-02-2914630492core:SharePremium2024-02-2914630492core:RevaluationReserve2024-02-2914630492core:OtherReservesSubtotal2024-02-2914630492core:RetainedEarningsAccumulatedLosses2024-02-2914630492core:ShareCapital2023-01-3114630492core:SharePremium2023-01-3114630492core:RevaluationReserve2023-01-3114630492core:OtherReservesSubtotal2023-01-3114630492core:RetainedEarningsAccumulatedLosses2023-01-3114630492core:LandBuildings2024-02-2914630492core:PlantMachinery2024-02-2914630492core:Vehicles2024-02-2914630492core:FurnitureFittings2024-02-2914630492core:OfficeEquipment2024-02-2914630492core:NetGoodwill2024-02-2914630492core:IntangibleAssetsOtherThanGoodwill2024-02-2914630492core:ListedExchangeTraded2024-02-2914630492core:UnlistedNon-exchangeTraded2024-02-2914630492core:LandBuildings2023-01-3114630492core:PlantMachinery2023-01-3114630492core:Vehicles2023-01-3114630492core:FurnitureFittings2023-01-3114630492core:OfficeEquipment2023-01-3114630492core:NetGoodwill2023-01-3114630492core:IntangibleAssetsOtherThanGoodwill2023-01-3114630492core:ListedExchangeTraded2023-01-3114630492core:UnlistedNon-exchangeTraded2023-01-3114630492core:LandBuildings2023-02-012024-02-2914630492core:PlantMachinery2023-02-012024-02-2914630492core:Vehicles2023-02-012024-02-2914630492core:FurnitureFittings2023-02-012024-02-2914630492core:OfficeEquipment2023-02-012024-02-2914630492core:NetGoodwill2023-02-012024-02-2914630492core:IntangibleAssetsOtherThanGoodwill2023-02-012024-02-2914630492core:ListedExchangeTraded2023-02-012024-02-2914630492core:UnlistedNon-exchangeTraded2023-02-012024-02-2914630492core:MoreThanFiveYears2023-02-012024-02-2914630492core:Non-currentFinancialInstruments2024-02-2914630492core:Non-currentFinancialInstruments2023-01-3114630492dpl:CostSales2023-02-012024-02-2914630492dpl:DistributionCosts2023-02-012024-02-2914630492core:LandBuildings2023-02-012024-02-2914630492core:PlantMachinery2023-02-012024-02-2914630492core:Vehicles2023-02-012024-02-2914630492core:FurnitureFittings2023-02-012024-02-2914630492core:OfficeEquipment2023-02-012024-02-2914630492dpl:AdministrativeExpenses2023-02-012024-02-2914630492core:NetGoodwill2023-02-012024-02-2914630492core:IntangibleAssetsOtherThanGoodwill2023-02-012024-02-2914630492dpl:GroupUndertakings2023-02-012024-02-2914630492dpl:ParticipatingInterests2023-02-012024-02-2914630492dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-02-2914630492core:ListedExchangeTraded2023-02-012024-02-2914630492dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-02-2914630492core:UnlistedNon-exchangeTraded2023-02-012024-02-2914630492dpl:CostSales2023-01-312023-01-3114630492dpl:DistributionCosts2023-01-312023-01-3114630492core:LandBuildings2023-01-312023-01-3114630492core:PlantMachinery2023-01-312023-01-3114630492core:Vehicles2023-01-312023-01-3114630492core:FurnitureFittings2023-01-312023-01-3114630492core:OfficeEquipment2023-01-312023-01-3114630492dpl:AdministrativeExpenses2023-01-312023-01-3114630492core:NetGoodwill2023-01-312023-01-3114630492core:IntangibleAssetsOtherThanGoodwill2023-01-312023-01-3114630492dpl:GroupUndertakings2023-01-312023-01-3114630492dpl:ParticipatingInterests2023-01-312023-01-3114630492dpl:GroupUndertakingscore:ListedExchangeTraded2023-01-312023-01-3114630492core:ListedExchangeTraded2023-01-312023-01-3114630492dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-01-312023-01-3114630492core:UnlistedNon-exchangeTraded2023-01-312023-01-3114630492core:NetGoodwill2024-02-2914630492core:IntangibleAssetsOtherThanGoodwill2024-02-2914630492core:LandBuildings2024-02-2914630492core:PlantMachinery2024-02-2914630492core:Vehicles2024-02-2914630492core:FurnitureFittings2024-02-2914630492core:OfficeEquipment2024-02-2914630492core:AfterOneYear2024-02-2914630492core:WithinOneYear2024-02-2914630492core:ListedExchangeTraded2024-02-2914630492core:UnlistedNon-exchangeTraded2024-02-2914630492core:ShareCapital2024-02-2914630492core:SharePremium2024-02-2914630492core:RevaluationReserve2024-02-2914630492core:OtherReservesSubtotal2024-02-2914630492core:RetainedEarningsAccumulatedLosses2024-02-2914630492core:NetGoodwill2023-01-3114630492core:IntangibleAssetsOtherThanGoodwill2023-01-3114630492core:LandBuildings2023-01-3114630492core:PlantMachinery2023-01-3114630492core:Vehicles2023-01-3114630492core:FurnitureFittings2023-01-3114630492core:OfficeEquipment2023-01-3114630492core:AfterOneYear2023-01-3114630492core:WithinOneYear2023-01-3114630492core:ListedExchangeTraded2023-01-3114630492core:UnlistedNon-exchangeTraded2023-01-3114630492core:ShareCapital2023-01-3114630492core:SharePremium2023-01-3114630492core:RevaluationReserve2023-01-3114630492core:OtherReservesSubtotal2023-01-3114630492core:RetainedEarningsAccumulatedLosses2023-01-3114630492core:NetGoodwill2023-01-3114630492core:IntangibleAssetsOtherThanGoodwill2023-01-3114630492core:LandBuildings2023-01-3114630492core:PlantMachinery2023-01-3114630492core:Vehicles2023-01-3114630492core:FurnitureFittings2023-01-3114630492core:OfficeEquipment2023-01-3114630492core:AfterOneYear2023-01-3114630492core:WithinOneYear2023-01-3114630492core:ListedExchangeTraded2023-01-3114630492core:UnlistedNon-exchangeTraded2023-01-3114630492core:ShareCapital2023-01-3114630492core:SharePremium2023-01-3114630492core:RevaluationReserve2023-01-3114630492core:OtherReservesSubtotal2023-01-3114630492core:RetainedEarningsAccumulatedLosses2023-01-3114630492core:AfterOneYear2023-02-012024-02-2914630492core:WithinOneYear2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:CostValuation2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-02-012024-02-2914630492core:Non-currentFinancialInstrumentscore:CostValuation2024-02-2914630492core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2024-02-2914630492core:Non-currentFinancialInstrumentscore:CostValuation2023-01-3114630492core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-01-3114630492core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-01-3114630492core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-01-3114630492core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-01-3114630492core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-01-3114630492core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-01-3114630492core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-01-3114630492core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-01-3114630492bus:Director12023-02-012024-02-2914630492bus:Director22023-02-012024-02-29

IHS DRYWALL LIMITED

Registered Number
14630492
(England and Wales)

Unaudited Financial Statements for the Period ended
29 February 2024

IHS DRYWALL LIMITED
Company Information
for the period from 1 February 2023 to 29 February 2024

Directors

JONES, Richard Wyn
RID, David Nigel

Registered Address

11a Kimberley Park Road
Falmouth
TR11 2DA

Registered Number

14630492 (England and Wales)
IHS DRYWALL LIMITED
Balance Sheet as at
29 February 2024

Notes

2024

£

£

Fixed assets
Tangible assets3277
277
Current assets
Debtors416,471
Cash at bank and on hand10,017
26,488
Creditors amounts falling due within one year5(18,257)
Net current assets (liabilities)8,231
Total assets less current liabilities8,508
Provisions for liabilities6(53)
Net assets8,455
Capital and reserves
Called up share capital3
Profit and loss account8,452
Shareholders' funds8,455
The financial statements were approved and authorised for issue by the Board of Directors on 20 August 2024, and are signed on its behalf by:
JONES, Richard Wyn
Director
Registered Company No. 14630492
IHS DRYWALL LIMITED
Notes to the Financial Statements
for the period ended 29 February 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
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 in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
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.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)
Plant and machinery25
2.Average number of employees

2024
Average number of employees during the year1
3.Tangible fixed assets

Plant & machinery

Total

££
Cost or valuation
Additions369369
At 29 February 24369369
Depreciation and impairment
Charge for year9292
At 29 February 249292
Net book value
At 29 February 24277277
At 31 January 23--
4.Debtors: amounts due within one year

2024

£
Other debtors16,471
Total16,471
5.Creditors: amounts due within one year

2024

£
Taxation and social security14,568
Other creditors3,189
Accrued liabilities and deferred income500
Total18,257
6.Provisions for liabilities

2024

£
Net deferred tax liability (asset)53
Total53