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REGISTERED NUMBER: NI607250 (Northern Ireland)














Unaudited Financial Statements

for the Year Ended

30 September 2024

for

Industrial Floorcare Machines Ltd

Industrial Floorcare Machines Ltd (Registered number: NI607250)

Contents of the Financial Statements
for the Year Ended 30 September 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Industrial Floorcare Machines Ltd

Company Information
for the Year Ended 30 September 2024







DIRECTORS: Mr B Brown
Mr G Cullen





SECRETARY: Mr B Brown





REGISTERED OFFICE: Unit 31-33 North City Business Centre
2 Duncairn Gardens
Belfast
BT15 2GG





REGISTERED NUMBER: NI607250 (Northern Ireland)





ACCOUNTANTS: M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antrim
BT9 6GH

Industrial Floorcare Machines Ltd (Registered number: NI607250)

Balance Sheet
30 September 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 30,031 19,958

CURRENT ASSETS
Stocks 246,680 238,623
Debtors 5 566,837 453,293
Cash at bank and in hand 27,404 6,820
840,921 698,736
CREDITORS
Amounts falling due within one year 6 486,068 374,581
NET CURRENT ASSETS 354,853 324,155
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,884

344,113

PROVISIONS FOR LIABILITIES 3,061 3,193
NET ASSETS 381,823 340,920

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 381,722 340,819
381,823 340,920

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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 Floorcare Machines Ltd (Registered number: NI607250)

Balance Sheet - continued
30 September 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 16 April 2025 and were signed on its behalf by:





Mr G Cullen - Director


Industrial Floorcare Machines Ltd (Registered number: NI607250)

Notes to the Financial Statements
for the Year Ended 30 September 2024


1. STATUTORY INFORMATION

Industrial Floorcare Machines Ltd is a private company, limited by shares , registered in Northern Ireland. 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 etc - 33% on cost and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Industrial Floorcare Machines Ltd (Registered number: NI607250)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 21 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2023 93,268
Additions 20,083
At 30 September 2024 113,351
DEPRECIATION
At 1 October 2023 73,310
Charge for year 10,010
At 30 September 2024 83,320
NET BOOK VALUE
At 30 September 2024 30,031
At 30 September 2023 19,958

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade debtors 559,632 445,842
Other debtors 7,205 7,451
566,837 453,293

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Bank loans and overdrafts - 27,270
Trade creditors 328,595 213,019
Taxation and social security 75,799 56,316
Other creditors 81,674 77,976
486,068 374,581