Company Registration No. 06930153 (England and Wales)
Industrial Electrical Systems Limited
Unaudited accounts
for the year ended 31 March 2024
Industrial Electrical Systems Limited
Unaudited accounts
Contents
Industrial Electrical Systems Limited
Company Information
for the year ended 31 March 2024
Company Number
06930153 (England and Wales)
Registered Office
Unit 4B, Ashford House
Beaufort Court,
Sir Thomas Longley Road,
Rochester
Kent
ME2 4FA
United Kingdom
Industrial Electrical Systems Limited
Statement of financial position
as at 31 March 2024
Tangible assets
10,842
20,094
Cash at bank and in hand
129,581
97,413
Creditors: amounts falling due within one year
(74,260)
(54,405)
Net current assets
90,610
75,921
Called up share capital
110
110
Profit and loss account
101,342
95,905
Shareholders' funds
101,452
96,015
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 director acknowledges his 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 and authorised for issue on 14 November 2024 and were signed on its behalf by
Mr P Burke
Director
Company Registration No. 06930153
Industrial Electrical Systems Limited
Notes to the Accounts
for the year ended 31 March 2024
Industrial Electrical Systems Limited is a private company, limited by shares, registered in England and Wales, registration number 06930153. The registered office is Unit 4B, Ashford House, Beaufort Court,, Sir Thomas Longley Road,, Rochester, Kent, ME2 4FA, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Fixtures & fittings
4 years
Computer equipment
3 years
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 April 2023
890
58,753
84
5,009
64,736
At 31 March 2024
890
58,753
84
5,274
65,001
At 1 April 2023
840
39,304
21
4,477
44,642
Charge for the year
13
8,879
21
604
9,517
At 31 March 2024
853
48,183
42
5,081
54,159
At 31 March 2024
37
10,570
42
193
10,842
At 31 March 2023
50
19,449
63
532
20,094
Industrial Electrical Systems Limited
Notes to the Accounts
for the year ended 31 March 2024
Amounts falling due within one year
Trade debtors
34,369
29,343
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
14,050
24,270
Trade creditors
7,812
1,766
Taxes and social security
19,439
15,108
Other creditors
1,600
2,968
Loans from directors
13,277
(1,442)
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).