IRIS Accounts Production v24.3.2.46 13420986 Board of Directors 1.6.23 31.5.24 31.5.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh134209862023-05-31134209862024-05-31134209862023-06-012024-05-31134209862022-05-31134209862022-06-012023-05-31134209862023-05-3113420986ns15:EnglandWales2023-06-012024-05-3113420986ns14:PoundSterling2023-06-012024-05-3113420986ns10:Director12023-06-012024-05-3113420986ns10:PrivateLimitedCompanyLtd2023-06-012024-05-3113420986ns10:SmallEntities2023-06-012024-05-3113420986ns10:AuditExempt-NoAccountantsReport2023-06-012024-05-3113420986ns10:SmallCompaniesRegimeForDirectorsReport2023-06-012024-05-3113420986ns10:SmallCompaniesRegimeForAccounts2023-06-012024-05-3113420986ns10:FullAccounts2023-06-012024-05-3113420986ns10:Director22023-06-012024-05-3113420986ns10:RegisteredOffice2023-06-012024-05-3113420986ns5:CurrentFinancialInstruments2024-05-3113420986ns5:CurrentFinancialInstruments2023-05-3113420986ns5:Non-currentFinancialInstruments2024-05-3113420986ns5:Non-currentFinancialInstruments2023-05-3113420986ns5:ShareCapital2024-05-3113420986ns5:ShareCapital2023-05-3113420986ns5:RetainedEarningsAccumulatedLosses2024-05-3113420986ns5:RetainedEarningsAccumulatedLosses2023-05-3113420986ns5:PlantMachinery2023-05-3113420986ns5:PlantMachinery2023-06-012024-05-3113420986ns5:PlantMachinery2024-05-3113420986ns5:PlantMachinery2023-05-3113420986ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-05-3113420986ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-05-31
REGISTERED NUMBER: 13420986 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 May 2024

for

Industrial Construction Limited

Industrial Construction Limited (Registered number: 13420986)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Industrial Construction Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: M Landrum
Mrs S Landrum





REGISTERED OFFICE: 30 Birkenhead Road
Hoylake
Wirral
CH47 3BW





REGISTERED NUMBER: 13420986 (England and Wales)





ACCOUNTANTS: Graham & Fisher Limited
T/A Grahams
Chartered Accountants
30 Birkenhead Road
Hoylake
Wirral
CH47 3BW

Industrial Construction Limited (Registered number: 13420986)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 83,241 22,726

CURRENT ASSETS
Debtors 5 207,968 329,205
Cash at bank 58,675 113,864
266,643 443,069
CREDITORS
Amounts falling due within one year 6 187,597 300,686
NET CURRENT ASSETS 79,046 142,383
TOTAL ASSETS LESS CURRENT
LIABILITIES

162,287

165,109

CREDITORS
Amounts falling due after more than one
year

7

(39,355

)

(13,947

)

PROVISIONS FOR LIABILITIES (15,816 ) (4,318 )
NET ASSETS 107,116 146,844

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 107,016 146,744
107,116 146,844

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

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

Industrial Construction Limited (Registered number: 13420986)

Balance Sheet - continued
31 May 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 20 February 2025 and were signed on its behalf by:





M Landrum - Director


Industrial Construction Limited (Registered number: 13420986)

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

1. STATUTORY INFORMATION

Industrial Construction 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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 2 ) .

Industrial Construction Limited (Registered number: 13420986)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2023 34,638
Additions 82,569
At 31 May 2024 117,207
DEPRECIATION
At 1 June 2023 11,912
Charge for year 22,054
At 31 May 2024 33,966
NET BOOK VALUE
At 31 May 2024 83,241
At 31 May 2023 22,726

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 195,097 329,205
Other debtors 12,871 -
207,968 329,205

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 4,371 -
Hire purchase contracts 15,837 4,649
Trade creditors - 105
Taxation and social security 163,316 186,939
Other creditors 4,073 108,993
187,597 300,686

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.5.24 31.5.23
£    £   
Bank loans 17,936 -
Hire purchase contracts 21,419 13,947
39,355 13,947