Registered number
09477800
Industree Limited
Filleted Accounts
30 April 2024
Industree Limited
Registered number: 09477800
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 34,529 10,365
Current assets
Stocks 27,143 41,077
Debtors 4 19,105 32,372
Cash at bank and in hand 117,749 70,611
163,997 144,060
Creditors: amounts falling due within one year 5 (35,578) (32,096)
Net current assets 128,419 111,964
Total assets less current liabilities 162,948 122,329
Creditors: amounts falling due after more than one year 6 (35,949) (22,388)
Net assets 126,999 99,941
Capital and reserves
Called up share capital 4 4
Profit and loss account 126,995 99,937
Shareholders' funds 126,999 99,941
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Finn
Director
Approved by the board on 14 January 2025
Industree Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery over 5 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Current tax liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Motor vehicles Total
£ £ £ £
Cost
At 1 May 2023 2,827 24,350 - 27,177
Additions - - 36,812 36,812
Disposals (2,827) - - (2,827)
At 30 April 2024 - 24,350 36,812 61,162
Depreciation
At 1 May 2023 339 16,473 - 16,812
Charge for the year - 2,798 7,362 10,160
On disposals (339) - - (339)
At 30 April 2024 - 19,271 7,362 26,633
Net book value
At 30 April 2024 - 5,079 29,450 34,529
At 30 April 2023 2,488 7,877 - 10,365
4 Debtors 2024 2023
£ £
Trade debtors 5,000 29,765
Other debtors 14,105 2,607
19,105 32,372
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 10,000 10,000
Obligations under finance lease and hire purchase contracts 4,026 -
Trade creditors 5,997 10,603
Taxation and social security costs 14,798 5,285
Other creditors 757 6,208
35,578 32,096
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 12,438 22,388
Obligations under finance lease and hire purchase contracts 23,511 -
35,949 22,388
7 Controlling party
The company is controlled by D Finn.
8 Other information
Industree Limited is a private company limited by shares and incorporated in England. Its registered office is:
c/o Philip Bowdidge Accountancy
34 Ringwood Road
Walkford
Christchurch
BH23 5RD
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