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REGISTERED NUMBER: 12439589 (England and Wales)















Ingleton Contract Services Limited

Unaudited Financial Statements for the Year Ended 29 February 2024






Ingleton Contract Services Limited (Registered number: 12439589)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ingleton Contract Services Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: Mrs L Ingleton
B Ingleton





REGISTERED OFFICE: 3 - 5 London Road Rainham
Gillingham
United Kingdom
Kent
ME8 7RG





BUSINESS ADDRESS: Streetfield
Chapel Street
Minster on Sea
Sheerness
Kent
ME12 3QF





REGISTERED NUMBER: 12439589 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Ingleton Contract Services Limited (Registered number: 12439589)

Statement of Financial Position
29 February 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 54,429 38,993

CURRENT ASSETS
Inventories 86,049 93,205
Debtors 5 44,111 56,697
Cash at bank and in hand 234,218 506,955
364,378 656,857
CREDITORS
Amounts falling due within one year 6 104,802 487,724
NET CURRENT ASSETS 259,576 169,133
TOTAL ASSETS LESS CURRENT LIABILITIES 314,005 208,126

PROVISIONS FOR LIABILITIES 10,381 4,419
NET ASSETS 303,624 203,707

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 303,524 203,607
SHAREHOLDERS' FUNDS 303,624 203,707

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

Ingleton Contract Services Limited (Registered number: 12439589)

Statement of Financial Position - continued
29 February 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 July 2024 and were signed on its behalf by:





B Ingleton - Director


Ingleton Contract Services Limited (Registered number: 12439589)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Ingleton Contract Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of goods and services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Inventories
Inventories are measured at the lower of cost and estimated selling price less costs to complete and sell.
In respect of work in progress and finished goods, cost includes an appropriate proportion of attributable overheads according to the stage of manufacture/completion.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

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 statement of financial position date.


Ingleton Contract Services Limited (Registered number: 12439589)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

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 3 (2023 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2023 79,060
Additions 30,995
At 29 February 2024 110,055
DEPRECIATION
At 1 March 2023 40,067
Charge for year 15,559
At 29 February 2024 55,626
NET BOOK VALUE
At 29 February 2024 54,429
At 28 February 2023 38,993

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 1,153
Other debtors 44,111 55,544
44,111 56,697

Ingleton Contract Services Limited (Registered number: 12439589)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 16,561 4,704
Taxation and social security 32,638 25,842
Other creditors 55,603 457,178
104,802 487,724