4 27 January 2025 false false false false false false false false false false true false false false false false false No description of principal activity 2023-08-01 Sage Accounts Production Advanced 2023 - FRS102_2023 28,618 1,604 30,222 13,725 3,300 17,025 13,197 14,893 xbrli:pure xbrli:shares iso4217:GBP 12622487 2023-08-01 2024-07-31 12622487 2024-07-31 12622487 2023-07-31 12622487 2022-08-01 2023-07-31 12622487 2023-07-31 12622487 2022-07-31 12622487 core:PlantMachinery 2023-08-01 2024-07-31 12622487 bus:OrdinaryShareClass1 2023-08-01 2024-07-31 12622487 bus:Director1 2023-08-01 2024-07-31 12622487 core:PlantMachinery 2023-07-31 12622487 core:PlantMachinery 2024-07-31 12622487 core:WithinOneYear 2024-07-31 12622487 core:WithinOneYear 2023-07-31 12622487 core:ShareCapital 2024-07-31 12622487 core:ShareCapital 2023-07-31 12622487 core:RetainedEarningsAccumulatedLosses 2024-07-31 12622487 core:RetainedEarningsAccumulatedLosses 2023-07-31 12622487 core:PlantMachinery 2023-07-31 12622487 bus:SmallEntities 2023-08-01 2024-07-31 12622487 bus:Audited 2023-08-01 2024-07-31 12622487 bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12622487 bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12622487 bus:FullAccounts 2023-08-01 2024-07-31 12622487 bus:OrdinaryShareClass1 2024-07-31 12622487 bus:OrdinaryShareClass1 2023-07-31
COMPANY REGISTRATION NUMBER: 12622487
IMPERIAL HYGIENE SOLUTIONS LIMITED
FILLETED FINANCIAL STATEMENTS
31 July 2024
IMPERIAL HYGIENE SOLUTIONS LIMITED
STATEMENT OF FINANCIAL POSITION
31 July 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
13,197
14,893
Current assets
Debtors
6
121,324
100,328
Cash at bank and in hand
15,082
37,371
---------
---------
136,406
137,699
Creditors: amounts falling due within one year
7
449,557
415,477
---------
---------
Net current liabilities
313,151
277,778
---------
---------
Total assets less current liabilities
( 299,954)
( 262,885)
Provisions
Taxation including deferred tax
3,299
---------
---------
Net liabilities
( 303,253)
( 262,885)
---------
---------
Capital and reserves
Called up share capital
8
100
100
Profit and loss account
( 303,353)
( 262,985)
---------
---------
Shareholders deficit
( 303,253)
( 262,885)
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the board of directors and authorised for issue on 27 January 2025 , and are signed on behalf of the board by:
A O'Connell
Director
Company registration number: 12622487
IMPERIAL HYGIENE SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 JULY 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
As at 31 July 2024 the company's current liabilities exceed the company's total assets by £303,253. The company was financially supported by a fellow subsidiary during the accounting period ad the financial support continues into subsequent periods. It is for this reason the financial statements have been prepared on a going concern basis. The UK economy was impacted by weak economic growth and high inflation rates during the company's accounting period The company has been able to address these challenges and has been able to continue satisfactorily during this accounting period and subsequently.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.
Creditors
Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.
Judgements and key sources of estimation uncertainty
There are no significant estimates or assumptions made that have a significant risk of causing material adjustment to carrying amounts of assets and liabilities within the next financial year.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and equipment
-
20% reducing balance
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, either financial assets, financial liabilities or equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 4 ).
5. Tangible assets
Plant and equipment
Total
£
£
Cost
At 1 August 2023
28,618
28,618
Additions
1,604
1,604
--------
--------
At 31 July 2024
30,222
30,222
--------
--------
Depreciation
At 1 August 2023
13,725
13,725
Charge for the year
3,300
3,300
--------
--------
At 31 July 2024
17,025
17,025
--------
--------
Carrying amount
At 31 July 2024
13,197
13,197
--------
--------
At 31 July 2023
14,893
14,893
--------
--------
6. Debtors
2024
2023
£
£
Trade debtors
118,681
50,449
Amounts owed by group undertakings
100
100
Other debtors
2,543
49,779
---------
---------
121,324
100,328
---------
---------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Trade creditors
270,024
261,138
Amounts owed to group undertakings
135,000
135,000
Social security and other taxes
38,734
15,576
Other creditors
5,799
3,763
---------
---------
449,557
415,477
---------
---------
8. Called up share capital
Authorised share capital
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
----
----
----
----
9. Summary audit opinion
The auditor's report dated 27 January 2025 was unqualified .
The senior statutory auditor was Philip Benson Woodman FCCA , for and on behalf of Opass Billings Wilson & Honey LLP .
10. Parent company
The company's parent undertaking is Imperial Ductwork Services Holdings Limited.
11. Ultimate parent company
The company's ultimate parent company is IDSH Limited. It has included the company in its group accounts, copies of which are available from its registered office: Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY.