Company Registration No. 00903228 (England and Wales)
INDUSTRIAL SERVICES (YORK) LIMITED
Unaudited accounts
for the year ended 31 December 2024
INDUSTRIAL SERVICES (YORK) LIMITED
Unaudited accounts
Contents
INDUSTRIAL SERVICES (YORK) LIMITED
Company Information
for the year ended 31 December 2024
Company Number
00903228 (England and Wales)
Registered Office
STATION ESTATE
TADCASTER
YORKS
LS24 9SG
Accountants
Sleek Accounting Ltd
4th Floor
205 Regent Street
London
W1B 4HB
INDUSTRIAL SERVICES (YORK) LIMITED
Statement of financial position
as at 31 December 2024
Tangible assets
109,431
112,000
Inventories
143,170
131,782
Cash at bank and in hand
14,289
462
Creditors: amounts falling due within one year
(105,737)
(85,977)
Net current assets
150,019
168,208
Total assets less current liabilities
259,450
280,208
Creditors: amounts falling due after more than one year
(11,785)
(32,383)
Net assets
247,665
247,825
Called up share capital
79,000
79,000
Capital redemption reserve
21,000
21,000
Profit and loss account
147,665
147,825
Shareholders' funds
247,665
247,825
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 24 March 2025 and were signed on its behalf by
Mr Richard King
Director
Company Registration No. 00903228
INDUSTRIAL SERVICES (YORK) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
INDUSTRIAL SERVICES (YORK) LIMITED is a private company, limited by shares, registered in England and Wales, registration number 00903228. The registered office is STATION ESTATE, TADCASTER, YORKS, LS24 9SG.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
10% Reducing balance
INDUSTRIAL SERVICES (YORK) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 January 2024
734,971
62,580
46,179
843,730
At 31 December 2024
743,771
62,580
46,179
852,530
At 1 January 2024
626,473
61,868
43,389
731,730
Charge for the year
10,912
178
279
11,369
At 31 December 2024
637,385
62,046
43,668
743,099
At 31 December 2024
106,386
534
2,511
109,431
At 31 December 2023
108,498
712
2,790
112,000
Amounts falling due within one year
Trade debtors
93,981
100,933
Accrued income and prepayments
2,461
-
Other debtors
1,855
21,008
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
10,648
961
Trade creditors
70,215
66,119
Taxes and social security
4,163
3,062
Loans from directors
500
6,000
7
Creditors: amounts falling due after more than one year
2024
2023
INDUSTRIAL SERVICES (YORK) LIMITED
Notes to the Accounts
for the year ended 31 December 2024
8
Transactions with related parties
During the financial period, the company entered into the following related party transaction:
Intercompany Loan: As at 31/12/2024, the company is owed £71.99 by Suremark Limited, a related party, under an intercompany loan agreement. The loan is interest-free and has no fixed repayment terms. The loan represents funds provided by the company to Suremark Limited and is included in the company's Debtors balance under current assets.
The loan is classified as a related party transaction in accordance with the accounting standards, as Suremark Limited is considered a related party due to common ownership and directorship. The terms and conditions of this loan are consistent with the usual business arrangements between related parties.
9
Average number of employees
During the year the average number of employees was 9 (2023: 12).