Registered number
14064189
Urry Industrial Services Ltd
Filleted Accounts
30 April 2024
Urry Industrial Services Ltd
Registered number: 14064189
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 13,931 2,903
Investments 4 7,500 -
21,431 2,903
Current assets
Debtors 5 30,837 24,800
Cash at bank and in hand 5,114 1,600
35,951 26,400
Creditors: amounts falling due within one year 6 (32,026) (7,883)
Net current assets 3,925 18,517
Total assets less current liabilities 25,356 21,420
Provisions for liabilities (3,319) (413)
Net assets 22,037 21,007
Capital and reserves
Called up share capital 8 5 1
Profit and loss account 22,032 21,006
Shareholders' funds 22,037 21,007
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr James Urry
Director
Approved by the board on 27 August 2024
Urry Industrial Services Ltd
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
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
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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Property improvements over 10 years
Office Equipment over 3 years
Plant and machinery 20% reducing balance
Fixtures and Fittings 20% reducing Balance
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Property improvements Plant and machinery etc Total
£ £ £
Cost
At 1 May 2023 756 2,503 3,259
Additions - 12,671 12,671
At 30 April 2024 756 15,174 15,930
Depreciation
At 1 May 2023 25 331 356
Charge for the year 76 1,567 1,643
At 30 April 2024 101 1,898 1,999
Net book value
At 30 April 2024 655 13,276 13,931
At 30 April 2023 731 2,172 2,903
4 Investments
Other
investments
£
Cost
Additions 7,500
At 30 April 2024 7,500
The company owns 30% of the ordinary share capital of MM Carpet Guru Ltd.
5 Debtors 2024 2023
£ £
Trade debtors 10,758 7,322
Other debtors 20,079 17,478
30,837 24,800
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 16,579 7,477
Other creditors 15,447 406
32,026 7,883
7 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr James Alexander Urry
Interest-free and unsecured - 15,866 - 15,866
- 15,866 - 15,866
8 Other information
During the year 4 ordinary shares of £1 each were allotted and fully paid.
Urry Industrial Services Ltd is a private company limited by shares and incorporated in England. Its registered office is:
5B Sunrise Business Park
Higher Shaftesbury Road
Blandford Forum
Dorset
DT11 8ST
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