Company registration number 12744666 (England and Wales)
INSTACOM CONTROLS LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024
PAGES FOR FILING WITH REGISTRAR
Instacom Controls Ltd
INSTACOM CONTROLS LTD
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
Instacom Controls Ltd
INSTACOM CONTROLS LTD
Statement Of Financial Position
as at 31 July 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
155,589
120,667
Current assets
Stocks
52,212
54,960
Debtors
4
324,069
213,569
Cash at bank and in hand
67,565
119,075
443,846
387,604
Creditors: amounts falling due within one year
5
(315,124)
(325,293)
Net current assets
128,722
62,311
Total assets less current liabilities
284,311
182,978
Creditors: amounts falling due after more than one year
6
(150,179)
(28,286)
Provisions for liabilities
7
(19,358)
(22,927)
Net assets
114,774
131,765
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
114,674
131,665
Total equity
114,774
131,765
Instacom Controls Ltd
INSTACOM CONTROLS LTD
Statement Of Financial Position (CONTINUED)
as at 31 July 2024
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

For the financial year ended 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 17 February 2025 and are signed on its behalf by:
D Ogden
Director
Company Registration No. 12744666
Instacom Controls Ltd
INSTACOM CONTROLS LTD
Notes to the financial statements
for the year ended 31 July 2024
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

Turnover

Turnover represents the fair value of the consideration receivable for services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
20% reducing balance basis
Fixtures and fittings
20% reducing balance basis
Computers
20% reducing balance basis
Motor vehicles
25% reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

Instacom Controls Ltd
INSTACOM CONTROLS LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 July 2024
1
Accounting policies
(Continued)
- 4 -
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the statement of financial position as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
15
17
3
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Motor vehicles
Total
£
£
£
£
£
Cost
At 1 August 2023
22,648
1,523
9,009
139,867
173,047
Additions
-
0
9,395
2,530
83,147
95,072
Disposals
-
0
-
0
-
0
(17,931)
(17,931)
At 31 July 2024
22,648
10,918
11,539
205,083
250,188
Depreciation and impairment
At 1 August 2023
8,644
744
3,124
39,868
52,380
Depreciation charged in the year
2,801
1,272
3,479
35,041
42,593
Eliminated in respect of disposals
-
0
-
0
-
0
(374)
(374)
At 31 July 2024
11,445
2,016
6,603
74,535
94,599
Carrying amount
At 31 July 2024
11,203
8,902
4,936
130,548
155,589
At 31 July 2023
14,004
779
5,885
99,999
120,667
Instacom Controls Ltd
INSTACOM CONTROLS LTD
Notes to the financial statements (CONTINUED)
for the year ended 31 July 2024
- 5 -
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
301,139
175,207
Other debtors
6,775
26,806
Prepayments and accrued income
16,155
11,556
324,069
213,569
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
50,403
-
0
Obligations under hire purchase
11,821
17,894
Trade creditors
117,837
132,822
Amounts owed to group undertakings
267
-
0
Corporation tax
60,166
48,294
Other taxation and social security
72,395
111,857
Other creditors
735
12,805
Accruals and deferred income
1,500
1,621
315,124
325,293

Obligations under hire purchase are secured.

6
Creditors: amounts falling due after more than one year
2024
2023
Notes
£
£
Bank loans and overdrafts
78,974
-
0
Obligations under hire purchase
71,205
28,286
150,179
28,286

Obligations under hire purchase are secured.

7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
19,358
22,927
8
Parent company

The parent company of Instacom Controls Ltd is Instacom Holdings Ltd and its registered office is Unit T Netherton Mill, Holmfield, Halifax, West Yorkshire, HX3 6FD.

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