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REGISTERED NUMBER: 14068252 (England and Wales)










Unaudited Financial Statements for the Year Ended 31 March 2024

for

International NDT Solutions Limited

International NDT Solutions Limited (Registered number: 14068252)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


International NDT Solutions Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: E Beresford
D Wagstaff





SECRETARY:





REGISTERED OFFICE: Unit 3a, Hartington Industrial Estate
Deepdale Close
Staveley
United Kingdom
S43 3YF





REGISTERED NUMBER: 14068252 (England and Wales)





ACCOUNTANTS: Parkins Accountants Ltd
T/A, Parkins, Chartered Accountants
Moor Park House
Bawtry Rd
Wickersley
Rotherham
South Yorkshire
S66 2BL

International NDT Solutions Limited (Registered number: 14068252)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 65,402 56,950

CURRENT ASSETS
Stocks 35,003 -
Debtors 5 26,005 74,862
Cash at bank 3,842 21,312
64,850 96,174
CREDITORS
Amounts falling due within one year 6 44,669 54,420
NET CURRENT ASSETS 20,181 41,754
TOTAL ASSETS LESS CURRENT
LIABILITIES

85,583

98,704

PROVISIONS FOR LIABILITIES 14,364 14,238
NET ASSETS 71,219 84,466

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 71,119 84,366
71,219 84,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

International NDT Solutions Limited (Registered number: 14068252)

Balance Sheet - continued
31 March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 November 2024 and were signed on its behalf by:





E Beresford - Director


International NDT Solutions Limited (Registered number: 14068252)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

International NDT Solutions 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.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost, 25% on reducing balance and 15% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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
Rentals paid under operating leases are charged to profit or loss 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.

International NDT Solutions Limited (Registered number: 14068252)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023 60,148
Additions 23,584
At 31 March 2024 83,732
DEPRECIATION
At 1 April 2023 3,198
Charge for year 15,132
At 31 March 2024 18,330
NET BOOK VALUE
At 31 March 2024 65,402
At 31 March 2023 56,950

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,659 60,890
Other debtors 1,346 13,972
26,005 74,862

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29 -
Trade creditors 16,261 13,598
Taxation and social security 4,279 38,325
Other creditors 24,100 2,497
44,669 54,420