IRIS Accounts Production v24.2.0.383 08522158 Board of Directors Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Ordinary 1.00000 Ordinary A 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh085221582022-12-31085221582023-12-31085221582023-01-012023-12-31085221582021-12-31085221582022-01-012022-12-31085221582022-12-3108522158ns15:EnglandWales2023-01-012023-12-3108522158ns14:PoundSterling2023-01-012023-12-3108522158ns10:Director12023-01-012023-12-3108522158ns10:Director22023-01-012023-12-3108522158ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108522158ns10:SmallEntities2023-01-012023-12-3108522158ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108522158ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108522158ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108522158ns10:FullAccounts2023-01-012023-12-3108522158ns10:OrdinaryShareClass12023-01-012023-12-3108522158ns10:OrdinaryShareClass22023-01-012023-12-3108522158ns10:CompanySecretary12023-01-012023-12-3108522158ns10:RegisteredOffice2023-01-012023-12-3108522158ns5:CurrentFinancialInstruments2023-12-3108522158ns5:CurrentFinancialInstruments2022-12-3108522158ns5:Non-currentFinancialInstruments2023-12-3108522158ns5:Non-currentFinancialInstruments2022-12-3108522158ns5:ShareCapital2023-12-3108522158ns5:ShareCapital2022-12-3108522158ns5:RetainedEarningsAccumulatedLosses2023-12-3108522158ns5:RetainedEarningsAccumulatedLosses2022-12-3108522158ns5:PlantMachinery2023-01-012023-12-3108522158ns5:FurnitureFittings2023-01-012023-12-3108522158ns5:MotorVehicles2023-01-012023-12-3108522158ns5:ComputerEquipment2023-01-012023-12-3108522158ns5:LeaseholdImprovements2022-12-3108522158ns5:PlantMachinery2022-12-3108522158ns5:FurnitureFittings2022-12-3108522158ns5:LeaseholdImprovements2023-01-012023-12-3108522158ns5:LeaseholdImprovements2023-12-3108522158ns5:PlantMachinery2023-12-3108522158ns5:FurnitureFittings2023-12-3108522158ns5:LeaseholdImprovements2022-12-3108522158ns5:PlantMachinery2022-12-3108522158ns5:FurnitureFittings2022-12-3108522158ns5:MotorVehicles2022-12-3108522158ns5:ComputerEquipment2022-12-3108522158ns5:MotorVehicles2023-12-3108522158ns5:ComputerEquipment2023-12-3108522158ns5:MotorVehicles2022-12-3108522158ns5:ComputerEquipment2022-12-3108522158ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3108522158ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3108522158ns5:LeasedAssetsHeldAsLessee2022-12-3108522158ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3108522158ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3108522158ns5:LeasedAssetsHeldAsLessee2023-01-012023-12-3108522158ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-12-3108522158ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2023-12-3108522158ns5:LeasedAssetsHeldAsLessee2023-12-3108522158ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2022-12-3108522158ns5:MotorVehiclesns5:LeasedAssetsHeldAsLessee2022-12-3108522158ns5:LeasedAssetsHeldAsLessee2022-12-3108522158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108522158ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108522158ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2023-12-3108522158ns5:Non-currentFinancialInstrumentsns5:BetweenOneTwoYears2022-12-3108522158ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2023-12-3108522158ns5:Non-currentFinancialInstrumentsns5:BetweenTwoFiveYears2022-12-3108522158ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108522158ns5:HirePurchaseContractsns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108522158ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2023-12-3108522158ns5:BetweenOneFiveYearsns5:HirePurchaseContracts2022-12-3108522158ns5:HirePurchaseContracts2023-12-3108522158ns5:HirePurchaseContracts2022-12-3108522158ns5:WithinOneYear2023-12-3108522158ns5:WithinOneYear2022-12-3108522158ns5:BetweenOneFiveYears2023-12-3108522158ns5:BetweenOneFiveYears2022-12-3108522158ns5:AllPeriods2023-12-3108522158ns5:AllPeriods2022-12-3108522158ns5:DeferredTaxation2022-12-3108522158ns5:DeferredTaxation2023-12-3108522158ns10:OrdinaryShareClass12023-12-3108522158ns10:OrdinaryShareClass22023-12-31085221581ns10:Director12022-12-31085221581ns10:Director12021-12-31085221581ns10:Director12023-01-012023-12-31085221581ns10:Director12022-01-012022-12-31085221581ns10:Director12023-12-31085221581ns10:Director12022-12-3108522158ns10:Director222022-12-3108522158ns10:Director222021-12-3108522158ns10:Director222023-01-012023-12-3108522158ns10:Director222022-01-012022-12-3108522158ns10:Director222023-12-3108522158ns10:Director222022-12-31
REGISTERED NUMBER: 08522158 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Infratec-UK Limited

Infratec-UK Limited (Registered number: 08522158)






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


Infratec-UK Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: L J Ratcliff
D W Bullock





SECRETARY: L Payne





REGISTERED OFFICE: Unit 8-9 Easter Park
Barton Road
MIDDLESBROUGH
North Yorkshire
TS2 1RY





REGISTERED NUMBER: 08522158 (England and Wales)





ACCOUNTANTS: Clive Owen LLP
Chartered Accountants
140 Coniscliffe Road
DARLINGTON
Co Durham
DL3 7RT

Infratec-UK Limited (Registered number: 08522158)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 639,181 675,888

CURRENT ASSETS
Debtors 5 325,898 569,567
Cash at bank and in hand 464,931 684,751
790,829 1,254,318
CREDITORS
Amounts falling due within one year 6 556,110 854,699
NET CURRENT ASSETS 234,719 399,619
TOTAL ASSETS LESS CURRENT
LIABILITIES

873,900

1,075,507

CREDITORS
Amounts falling due after more than one
year

7

(282,285

)

(395,417

)

PROVISIONS FOR LIABILITIES 10 (154,303 ) (151,622 )
NET ASSETS 437,312 528,468

CAPITAL AND RESERVES
Called up share capital 11 100 100
Retained earnings 437,212 528,368
SHAREHOLDERS' FUNDS 437,312 528,468

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.

Infratec-UK Limited (Registered number: 08522158)

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 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 19 September 2024 and were signed on its behalf by:




L J Ratcliff - Director



D W Bullock - Director


Infratec-UK Limited (Registered number: 08522158)

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

1. STATUTORY INFORMATION

Infratec-UK 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.

There were no material departures from that standard.

The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Income Recognition
Income is recognised at the point in which the company has fulfilled its contractual obligations and the risks and rewards attaching to the product have been transferred to the customer.

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 - 20% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Tangible fixed assets are measured at cost less accumulated depreciation and impairment.

Government grants
Revenue based grants are credited to the profit and loss account on receipt.

Capital based grants are credited to the profit and loss account in equal instalments, over the estimated useful life of the related asset.

Financial instruments
Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.


Infratec-UK Limited (Registered number: 08522158)

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

2. ACCOUNTING POLICIES - continued
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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance eases are capitalised in the balance sheet. These held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their useful lives or the lease term, whichever is the shorter.

Rental paid under operating leases are charged to the profit and loss account 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 33 (2022 - 28 ) .

Infratec-UK Limited (Registered number: 08522158)

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

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2023 23,316 1,197,797 34,694
Additions - 39,051 399
Disposals - (27,300 ) -
At 31 December 2023 23,316 1,209,548 35,093
DEPRECIATION
At 1 January 2023 6,799 598,533 17,834
Charge for year 4,129 126,954 4,290
Eliminated on disposal - (21,863 ) -
At 31 December 2023 10,928 703,624 22,124
NET BOOK VALUE
At 31 December 2023 12,388 505,924 12,969
At 31 December 2022 16,517 599,264 16,860

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 57,490 34,371 1,347,668
Additions 112,380 6,577 158,407
Disposals (57,490 ) - (84,790 )
At 31 December 2023 112,380 40,948 1,421,285
DEPRECIATION
At 1 January 2023 31,889 16,725 671,780
Charge for year 28,746 5,291 169,410
Eliminated on disposal (37,223 ) - (59,086 )
At 31 December 2023 23,412 22,016 782,104
NET BOOK VALUE
At 31 December 2023 88,968 18,932 639,181
At 31 December 2022 25,601 17,646 675,888

Infratec-UK Limited (Registered number: 08522158)

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

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 1 January 2023 701,851 57,490 759,341
Additions - 112,380 112,380
Disposals - (57,490 ) (57,490 )
At 31 December 2023 701,851 112,380 814,231
DEPRECIATION
At 1 January 2023 262,884 31,889 294,773
Charge for year 75,165 28,746 103,911
Eliminated on disposal - (37,223 ) (37,223 )
At 31 December 2023 338,049 23,412 361,461
NET BOOK VALUE
At 31 December 2023 363,802 88,968 452,770
At 31 December 2022 438,967 25,601 464,568

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 199,706 431,875
Other debtors 979 78,150
Directors' current accounts 63,013 -
Prepayments 62,200 59,542
325,898 569,567

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 52,400 52,400
Hire purchase contracts (see note 8) 128,891 120,952
Trade creditors 80,088 198,044
Taxation and social security 29,623 58,863
Other creditors 15,039 14,896
Directors' current accounts - 2,839
Accruals and deferred income 250,069 406,705
556,110 854,699

Infratec-UK Limited (Registered number: 08522158)

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

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 52,400 52,400
Bank loans - 2-5 years 26,200 78,600
Hire purchase contracts (see note 8) 203,685 264,417
282,285 395,417

8. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2023 2022
£    £   
Net obligations repayable:
Within one year 128,891 120,952
Between one and five years 203,685 264,417
332,576 385,369

Non-cancellable operating leases
2023 2022
£    £   
Within one year 52,868 52,868
Between one and five years 42,224 92,892
95,092 145,760

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Hire purchase contracts 332,576 385,369

Hire purchase liabilities are secured over the asset to which they relate.

10. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 154,303 151,622

Infratec-UK Limited (Registered number: 08522158)

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

10. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 151,622
Accelerated capital allowances 2,681
Balance at 31 December 2023 154,303

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 98 98
2 Ordinary A £1 2 2
100 100

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2023 2022
£    £   
L J Ratcliff
Balance outstanding at start of year (2,809 ) 4,983
Amounts advanced 2,986 194
Amounts repaid - (7,986 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 177 (2,809 )

D W Bullock
Balance outstanding at start of year (30 ) 4,560
Amounts advanced 77,867 5,485
Amounts repaid (15,000 ) (10,075 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 62,837 (30 )