1 August 2023 false No description of principal activity Taxfiler 2024.6 SC287591business:PrivateLimitedCompanyLtd2023-08-012024-07-31 SC2875912023-07-31 SC2875912023-08-012024-07-31 SC287591business:AuditExemptWithAccountantsReport2023-08-012024-07-31 SC287591business:FilletedAccounts2023-08-012024-07-31 SC2875912024-07-31 SC287591business:Director12023-08-012024-07-31 SC287591business:Director22023-08-012024-07-31 SC287591business:RegisteredOffice2023-08-012024-07-31 SC2875912023-07-31 SC287591core:WithinOneYear2024-07-31 SC287591core:WithinOneYear2023-07-31 SC287591core:AfterOneYear2024-07-31 SC287591core:AfterOneYear2023-07-31 SC287591core:ShareCapitalcore:PreviouslyStatedAmount2024-07-31 SC287591core:ShareCapitalcore:PreviouslyStatedAmount2023-07-31 SC287591core:RevaluationReservecore:PreviouslyStatedAmount2024-07-31 SC287591core:RevaluationReservecore:PreviouslyStatedAmount2023-07-31 SC287591core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-07-31 SC287591core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-07-31 SC287591core:PreviouslyStatedAmount2024-07-31 SC287591core:PreviouslyStatedAmount2023-07-31 SC287591business:SmallEntities2023-08-012024-07-31 SC287591countries:Scotland2023-08-012024-07-31 SC287591core:Goodwill2023-07-31 SC287591core:Goodwill2024-07-31 SC287591core:Goodwill2023-08-012024-07-31 SC287591core:PlantMachinery2023-07-31 SC287591core:MotorVehicles2023-07-31 SC287591core:ComputerEquipment2023-07-31 SC287591core:PlantMachinery2023-08-012024-07-31 SC287591core:MotorVehicles2023-08-012024-07-31 SC287591core:ComputerEquipment2023-08-012024-07-31 SC287591core:PlantMachinery2024-07-31 SC287591core:MotorVehicles2024-07-31 SC287591core:ComputerEquipment2024-07-31 SC2875912022-08-012023-07-31 iso4217:GBP xbrli:pure
Company Registration No. SC287591 (Scotland)
Industrial Access Systems Limited Unaudited accounts for the year ended 31 July 2024
Industrial Access Systems Limited Unaudited accounts Contents
Page
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Industrial Access Systems Limited Company Information for the year ended 31 July 2024
Directors
Shaun Donnelly Anne Donnelly
Company Number
SC287591 (Scotland)
Registered Office
Unit 15, Queenslie Point Queenslie Industrial Estate Glasgow G33 3NQ Scotland
Accountants
Malcolm Shepherd & Co Ltd C.A. 151 Kirkintilloch Road Bishopbriggs Glasgow G64 2LS
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Industrial Access Systems Limited Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
39,437 
55,749 
Tangible assets
423,612 
199,367 
463,049 
255,116 
Current assets
Inventories
120,875 
115,550 
Debtors
124,330 
78,056 
Cash at bank and in hand
30,589 
48,601 
275,794 
242,207 
Creditors: amounts falling due within one year
(415,146)
(377,111)
Net current liabilities
(139,352)
(134,904)
Total assets less current liabilities
323,697 
120,212 
Creditors: amounts falling due after more than one year
(336,082)
(231,163)
Net liabilities
(12,385)
(110,951)
Capital and reserves
Called up share capital
18 
18 
Revaluation reserve
95,000 
95,000 
Profit and loss account
(107,403)
(205,969)
Shareholders' funds
(12,385)
(110,951)
For the year ending 31 July 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 19 December 2024 and were signed on its behalf by
Shaun Donnelly Director Company Registration No. SC287591
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Industrial Access Systems Limited Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
Industrial Access Systems Limited is a private company, limited by shares, registered in Scotland, registration number SC287591. The registered office is Unit 15, Queenslie Point, Queenslie Industrial Estate, Glasgow, G33 3NQ, Scotland.
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.
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:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill 
£ 
Cost
At 1 August 2023
163,121 
At 31 July 2024
163,121 
Amortisation
At 1 August 2023
107,372 
Charge for the year
16,312 
At 31 July 2024
123,684 
Net book value
At 31 July 2024
39,437 
At 31 July 2023
55,749 
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Industrial Access Systems Limited Notes to the Accounts for the year ended 31 July 2024
5
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 August 2023
490,012 
147,273 
9,697 
646,982 
Additions
251,109 
127,031 
2,398 
380,538 
Disposals
(144,000)
- 
- 
(144,000)
At 31 July 2024
597,121 
274,304 
12,095 
883,520 
Depreciation
At 1 August 2023
332,429 
107,202 
7,984 
447,615 
Charge for the year
98,400 
41,775 
1,026 
141,201 
On disposals
(128,908)
- 
- 
(128,908)
At 31 July 2024
301,921 
148,977 
9,010 
459,908 
Net book value
At 31 July 2024
295,200 
125,327 
3,085 
423,612 
At 31 July 2023
157,583 
40,071 
1,713 
199,367 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
124,305 
77,756 
Other debtors
25 
300 
124,330 
78,056 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
- 
9,061 
VAT
2,174 
31,432 
Obligations under finance leases and hire purchase contracts
201,716 
187,034 
Trade creditors
179,592 
112,061 
Taxes and social security
8,359 
7,184 
Loans from directors
12,629 
21,392 
Accruals
10,676 
8,947 
415,146 
377,111 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
6,575 
Obligations under finance leases and hire purchase contracts
336,082 
224,588 
336,082 
231,163 
9
Average number of employees
During the year the average number of employees was 9 (2023: 9).
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