REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Inserco Industrial Holdings Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 March 2024 |
for |
Inserco Industrial Holdings Limited |
Inserco Industrial Holdings Limited (Registered number: 09216584) |
Contents of the Financial Statements |
for the Year Ended 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Inserco Industrial Holdings Limited |
Company Information |
for the Year Ended 31 March 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Suite 1 |
19 Aviation Way |
Southend Airport |
Southend on Sea |
Essex |
SS2 6UN |
Inserco Industrial Holdings Limited (Registered number: 09216584) |
Balance Sheet |
31 March 2024 |
31.3.24 | 31.3.23 |
Notes | £ | £ |
FIXED ASSETS |
Investments | 4 |
Investment property | 5 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his 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. |
The financial statements were approved by the director and authorised for issue on |
Inserco Industrial Holdings Limited (Registered number: 09216584) |
Notes to the Financial Statements |
for the Year Ended 31 March 2024 |
1. | STATUTORY INFORMATION |
Inserco Industrial Holdings Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
In preparing the financial statements, management is required to make estimates and assumptions which affect reported income, expenses, assets, liabilities and disclosure of contingent assets and liabilities. Use of available information and application of judgement are inherent in the formation of estimates, together with past experience and expectations of future events that are believed to be reasonable under the circumstances. Actual results in the future could differ from such estimates. |
Due to the simplicity of the company's transactions and the year-end financial position, the director considers there to be no critical judgements, estimates or assumptions in the preparation of these financial statements. |
Investments in subsidiaries |
Investments in subsidiaries are measured at cost less accumulated impairment. |
Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | FIXED ASSET INVESTMENTS |
Shares in |
group |
undertakings |
£ |
COST |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
Inserco Industrial Holdings Limited (Registered number: 09216584) |
Notes to the Financial Statements - continued |
for the Year Ended 31 March 2024 |
4. | FIXED ASSET INVESTMENTS - continued |
Company subsidiaries |
The company owns 100% of the issued share capital of Inserco Industrial (Controls) Limited & Kingswood Controls Limited: |
In the opinion of the director, the aggregate value of the company's interests in both subsidiary undertakings, including amounts owing, are not less than the values stated in the balance sheet. |
Inserco Industrial (Controls) Limited |
- Incorporated in the UK, Ordinary 100% held. |
- Principal activity: Supplying electrical components. |
- Aggregate share capital and reserves at 31.03.24 : £850,300 (31.03.23: £596,382). |
- Profit and (loss) for the year ended 31.03.24 : £760,118 (31.03.23: £476,917). |
Kingswood Controls Limited |
- Incorporated in the UK, Ordinary 100% held. |
- Principal activity: Supplying electrical components. |
- Aggregate share capital and reserves at 31.12.23 : £248,020 (31.12.22 : £172,479). |
- Profit and (loss) for the year ended 31.12.23 : £75,541 (31.12.22.: £9,640) . |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 April 2023 |
and 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
At 31 March 2023 |
6. | ULTIMATE CONTROLLING PARTY |
The controlling party is K P Gilliham. |