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REGISTERED NUMBER: 13732288 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2024

FOR

THE INSTALLATION ASSURANCE AUTHORITY
COMMERCIAL SERVICES LIMITED

THE INSTALLATION ASSURANCE AUTHORITY
COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 13732288)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


THE INSTALLATION ASSURANCE AUTHORITY
COMMERCIAL SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: D L Belton
C L Kuchta
M I Morrall
M J Webb
H J Watts
K Thomas





SECRETARY: C L Kuchta





REGISTERED OFFICE: Unit 3 Union Park
Ouzel Industrial Estate
Grovebury Road
Leighton Buzzard
Bedfordshire
LU7 4ER





REGISTERED NUMBER: 13732288 (England and Wales)





AUDITORS: Ad Valorem Audit Services Limited
Chartered Certified Accountants
& Statutory Auditors
2 Manor Farm Court
Old Wolverton Road
Old Wolverton
Milton Keynes
Buckinghamshire
MK12 5NN

THE INSTALLATION ASSURANCE AUTHORITY
COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 13732288)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible assets 5 80,806 53,809

CURRENT ASSETS
Debtors 6 548,844 321,662
Cash at bank 111,685 77,398
660,529 399,060
CREDITORS
Amounts falling due within one year 7 289,372 96,007
NET CURRENT ASSETS 371,157 303,053
TOTAL ASSETS LESS CURRENT
LIABILITIES

451,963

356,862

CREDITORS
Amounts falling due after more than one
year

8

947,545

898,635
NET LIABILITIES (495,582 ) (541,773 )

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings (496,582 ) (542,773 )
SHAREHOLDERS' FUNDS (495,582 ) (541,773 )

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 30 January 2025 and were signed on its behalf by:





C L Kuchta - Director


THE INSTALLATION ASSURANCE AUTHORITY
COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 13732288)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

The Installation Assurance Authority Commercial Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS
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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

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 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.

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.

THE INSTALLATION ASSURANCE AUTHORITY
COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 13732288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


3. ACCOUNTING POLICIES - continued

GOING CONCERN
At the balance sheet date, the company had net liabilities of £495,582. The company is reliant on the continuing support of its parent company, The Cavity Insulation Guarantee Agency Limited. The parent company has issued a letter of continuing support for a period of not less than 12 months from the approval of these financial statements. The financial statements have therefore been prepared on a going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2023 - 17 ) .

5. TANGIBLE FIXED ASSETS
Fixtures
and Motor
fittings vehicles Totals
£ £ £
COST
At 1 May 2023 40,090 29,990 70,080
Additions 16,283 36,397 52,680
At 30 April 2024 56,373 66,387 122,760
DEPRECIATION
At 1 May 2023 10,023 6,248 16,271
Charge for year 11,587 14,096 25,683
At 30 April 2024 21,610 20,344 41,954
NET BOOK VALUE
At 30 April 2024 34,763 46,043 80,806
At 30 April 2023 30,067 23,742 53,809

6. DEBTORS
2024 2023
£ £
Amounts falling due within one year:
Trade debtors 89,147 158,472
Amounts owed by group undertakings 54,280 45,418
Other debtors 12,078 143
Prepayments and accrued income 17,639 -
173,144 204,033

Amounts falling due after more than one year:
Amounts owed by group undertakings 375,700 117,629

Aggregate amounts 548,844 321,662

THE INSTALLATION ASSURANCE AUTHORITY
COMMERCIAL SERVICES LIMITED (REGISTERED NUMBER: 13732288)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 25,986 22,096
Amounts owed to group undertakings 161,105 8,999
Social security and other taxes 20,752 19,640
VAT 11,620 28,463
Other creditors 8,685 2,787
Accruals and deferred income 61,224 14,022
289,372 96,007

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£ £
Amounts owed to group undertakings 947,545 898,635

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
1,000 Ordinary £1 1,000 1,000

10. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Darren Kerins FCCA (Senior Statutory Auditor)
for and on behalf of Ad Valorem Audit Services Limited

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.