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Company Registration No. 04544595 (England and Wales)
Integrated Facilities Systems Limited Unaudited accounts for the year ended 31 March 2024
Integrated Facilities Systems Limited Unaudited accounts Contents
Page
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Integrated Facilities Systems Limited Company Information for the year ended 31 March 2024
Directors
Mr C Paisley Mrs S Paisley
Company Number
04544595 (England and Wales)
Registered Office
19 VALLEY ROAD CODICOTE HITCHIN HERTS SG4 8YA
Accountants
Tarima Limited 71-75 Sheldon Street Covent Garden London WC2H 9JQ
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Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Integrated Facilities Systems Limited for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Integrated Facilities Systems Limited for the year ended 31 March 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Integrated Facilities Systems Limited, as a body, in accordance with the terms of our engagement letter dated 13 January 2021. Our work has been undertaken solely to prepare for your approval the accounts of Integrated Facilities Systems Limited and state those matters that we have agreed to state to the Board of Directors of Integrated Facilities Systems Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Integrated Facilities Systems Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Integrated Facilities Systems Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Integrated Facilities Systems Limited. You consider that Integrated Facilities Systems 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 accounts of Integrated Facilities Systems 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 accounts.
Tarima Limited Chartered Accountants 71-75 Sheldon Street Covent Garden London WC2H 9JQ 30 September 2024
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Integrated Facilities Systems Limited Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,839 
2,213 
Current assets
Inventories
160 
160 
Debtors
15,744 
12,825 
Cash at bank and in hand
52,764 
55,092 
68,668 
68,077 
Creditors: amounts falling due within one year
(26,734)
(17,467)
Net current assets
41,934 
50,610 
Net assets
43,773 
52,823 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
43,771 
52,821 
Shareholders' funds
43,773 
52,823 
For the year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 September 2024 and were signed on its behalf by
Mr C Paisley Director Company Registration No. 04544595
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Integrated Facilities Systems Limited Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
Integrated Facilities Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 04544595. The registered office is 19 VALLEY ROAD, CODICOTE, HITCHIN, HERTS, SG4 8YA.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
Fixtures & fittings
25%
Computer equipment
25%
Inventories
Inventories have been valued 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 a relevant proportion of overheads according to the stage of manufacturing/completion.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Integrated Facilities Systems Limited Notes to the Accounts for the year ended 31 March 2024
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 April 2023
90,205 
At 31 March 2024
90,205 
Amortisation
At 1 April 2023
90,205 
At 31 March 2024
90,205 
Net book value
At 31 March 2024
- 
5
Tangible fixed assets
Plant & machinery 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
543 
7,201 
5,182 
12,926 
Additions
403 
- 
483 
886 
At 31 March 2024
946 
7,201 
5,665 
13,812 
Depreciation
At 1 April 2023
272 
7,130 
3,311 
10,713 
Charge for the year
237 
23 
1,000 
1,260 
At 31 March 2024
509 
7,153 
4,311 
11,973 
Net book value
At 31 March 2024
437 
48 
1,354 
1,839 
At 31 March 2023
271 
71 
1,871 
2,213 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
15,744 
6,110 
Other debtors
- 
6,715 
15,744 
12,825 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
4,376 
1,583 
Trade creditors
6,904 
1,904 
Taxes and social security
13,758 
13,080 
Loans from directors
601 
- 
Accruals
1,095 
900 
26,734 
17,467 
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Integrated Facilities Systems Limited Notes to the Accounts for the year ended 31 March 2024
8
Controlling party
Mr C Paisley, with his spouse Mrs S Paisley, both of whom are directors control the company by virtue of their 100% ownership in the issued share capital of the company.
9
Average number of employees
During the year the average number of employees was 2 (2023: 2).
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