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REGISTERED NUMBER: 10453796 (England and Wales)










I S M Heating Services Limited

Unaudited Financial Statements

for the Year Ended 30 November 2024






I S M Heating Services Limited (Registered number: 10453796)






Contents of the Financial Statements
for the year ended 30 November 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 6

I S M Heating Services Limited

Company Information
for the year ended 30 November 2024







DIRECTOR: Mr I S Merrison





REGISTERED OFFICE: 8 Tan Yr Foel
Rhyd Y Foel
Conwy
Conwy
LL22 8HZ





REGISTERED NUMBER: 10453796 (England and Wales)





ACCOUNTANTS: Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN

I S M Heating Services Limited (Registered number: 10453796)

Balance Sheet
30 November 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,195 38,159

CURRENT ASSETS
Debtors 5 17,304 18,596
Cash at bank 71,138 69,574
88,442 88,170
CREDITORS
Amounts falling due within one year 6 18,241 14,506
NET CURRENT ASSETS 70,201 73,664
TOTAL ASSETS LESS CURRENT
LIABILITIES

103,396

111,823

CREDITORS
Amounts falling due after more than one year 7 (11,002 ) (14,688 )

PROVISIONS FOR LIABILITIES 9 (6,307 ) (7,250 )
NET ASSETS 86,087 89,885

CAPITAL AND RESERVES
Called up share capital 10 120 120
Retained earnings 11 85,967 89,765
SHAREHOLDERS' FUNDS 86,087 89,885

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 20 February 2025 and were signed by:




Mr I S Merrison - Director


I S M Heating Services Limited (Registered number: 10453796)

Notes to the Financial Statements
for the year ended 30 November 2024

1. STATUTORY INFORMATION

I S M Heating 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.

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.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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.

3. EMPLOYEES AND DIRECTORS

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

I S M Heating Services Limited (Registered number: 10453796)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 December 2023 30,719 26,342 2,686 59,747
Additions 32,503 - 750 33,253
Disposals (24,801 ) (26,342 ) - (51,143 )
At 30 November 2024 38,421 - 3,436 41,857
DEPRECIATION
At 1 December 2023 2,422 18,527 639 21,588
Charge for year 7,791 811 827 9,429
Eliminated on disposal (3,017 ) (19,338 ) - (22,355 )
At 30 November 2024 7,196 - 1,466 8,662
NET BOOK VALUE
At 30 November 2024 31,225 - 1,970 33,195
At 30 November 2023 28,297 7,815 2,047 38,159

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 17,168 17,440
Other debtors 136 275
VAT - 881
17,304 18,596

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 275 3,318
Tax 7,207 8,610
VAT 4,356 -
Other creditors 2,264 314
Directors' loan accounts 3,614 1,164
Accrued expenses 525 1,100
18,241 14,506

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 11,002 14,688

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between one and two years:
Bank loans 1 year 4,524 3,750

I S M Heating Services Limited (Registered number: 10453796)

Notes to the Financial Statements - continued
for the year ended 30 November 2024

8. LOANS - continued
2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 6,478 10,938

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,307 7,250

Deferred
tax
£   
Balance at 1 December 2023 7,250
Provided during year (943 )
Balance at 30 November 2024 6,307

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
80 Ordinary A £1 80 80
20 Ordinary B £1 20 20
20 Ordinary C & D £1 20 20
120 120

11. RESERVES
Retained
earnings
£   

At 1 December 2023 89,765
Profit for the year 26,702
Dividends (30,500 )
At 30 November 2024 85,967

I S M Heating Services Limited

Report of the Accountants to the Director of
I S M Heating Services Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 November 2024 set out on page nil and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Salisbury & Company
Chartered Accountants
Irish Square
Upper Denbigh Road
St Asaph
Denbighshire
LL17 0RN


20 February 2025