Company Registration No. 13905204 (England and Wales)
Inverter Drive Repair Limited
Unaudited accounts
for the year ended 28 February 2025
Inverter Drive Repair Limited
Unaudited accounts
Contents
Inverter Drive Repair Limited
Company Information
for the year ended 28 February 2025
Directors
Dr Sorour Shamshiri
Adeli REZA
Company Number
13905204 (England and Wales)
Registered Office
Unit F
Holder Road
Aldershot
GU12 4RH
England
Accountants
Taxsense
203 West Street
Fareham
Hants
PO16 0EN
Inverter Drive Repair Limited
Statement of financial position
as at 28 February 2025
Tangible assets
19,300
9,810
Cash at bank and in hand
376,264
266,099
Creditors: amounts falling due within one year
(140,107)
(153,384)
Net current assets
399,301
281,052
Total assets less current liabilities
418,601
290,862
Creditors: amounts falling due after more than one year
9,306
-
Net assets
427,907
290,862
Called up share capital
200
100
Profit and loss account
427,707
290,762
Shareholders' funds
427,907
290,862
For the year ending 28 February 2025 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 directors acknowledge their 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 of Directors and authorised for issue on 2 May 2025 and were signed on its behalf by
Dr Sorour Shamshiri
Director
Company Registration No. 13905204
Inverter Drive Repair Limited
Notes to the Accounts
for the year ended 28 February 2025
Inverter Drive Repair Limited is a private company, limited by shares, registered in England and Wales, registration number 13905204. The registered office is Unit F, Holder Road, Aldershot, GU12 4RH, England.
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.
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:
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2024
-
9,675
1,066
10,741
Additions
11,435
125
893
12,453
At 28 February 2025
11,435
9,800
1,959
23,194
At 1 March 2024
-
727
204
931
Charge for the year
305
2,251
407
2,963
At 28 February 2025
305
2,978
611
3,894
At 28 February 2025
11,130
6,822
1,348
19,300
At 29 February 2024
-
8,948
862
9,810
Inverter Drive Repair Limited
Notes to the Accounts
for the year ended 28 February 2025
Amounts falling due within one year
Trade debtors
158,550
163,860
Accrued income and prepayments
1,469
1,352
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
15,918
20,686
Taxes and social security
61,506
72,916
Loans from directors
492
960
7
Creditors: amounts falling due after more than one year
2025
2024
Obligations under finance leases and hire purchase contracts
(9,306)
-
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director Loan Account
(960)
(29,173)
(29,407)
(726)
(960)
(58,346)
(58,814)
(492)
9
Average number of employees
During the year the average number of employees was 8 (2024: 2).