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REGISTERED NUMBER: 09241306 (England and Wales)












GROUP STRATEGIC REPORT,

REPORT OF THE DIRECTORS AND

AUDITED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

INTEGRATED DOORSET SOLUTIONS LIMITED

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

CONTENTS OF THE CONSOLIDATED FINANCIAL STATEMENTS
for the year ended 30 September 2024










Page

Company Information 1

Group Strategic Report 2

Report of the Directors 5

Report of the Independent Auditors 7

Consolidated Profit and Loss Account 9

Consolidated Balance Sheet 10

Company Balance Sheet 11

Consolidated Statement of Changes in Equity 12

Company Statement of Changes in Equity 13

Notes to the Consolidated Financial Statements 14


INTEGRATED DOORSET SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 30 September 2024







DIRECTORS: A Dowding
P Lynch
A Malhan
G Parkin





REGISTERED OFFICE: Magma House
16 Davy Court
Castle Mound Way
Rugby
Warwickshire
CV23 0UZ





REGISTERED NUMBER: 09241306 (England and Wales)





AUDITORS: Magma Audit LLP
Chartered Accountants
Statutory Auditor
Magma House, 16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

GROUP STRATEGIC REPORT
for the year ended 30 September 2024


The directors present their strategic report of the company and the group for the year ended 30 September 2024.

REVIEW OF BUSINESS
These accounts represent the ninth full year of operations for the business.

In May 2024, LDC, a private equity investor and part of Lloyds Banking Group, made a significant investment in the company. As a result of this transaction, LDC became the majority shareholder, assuming a dominant role in the company's ownership structure. This strategic move is aimed at fostering growth and enhancing the company's market position through experienced financial backing and guidance.

During the financial year, the Group acquired Performance Joinery Limited, an enterprise specialising in the provision of high-quality timber frames and components. This acquisition serves to fortify the Group's supply chain integration and significantly augment its comprehensive offerings.

The group targets the performance door market and, via its subsidiaries, the inspection and maintenance aftermarket. The businesses have grown, resulting in increased turnover by 4.9% and EBITDA. By 54.6%.

Inflation continues to affect wages and energy costs, although material prices have stabilised. The increase in the cost of living has led to higher wages as employers we look to both retain our workforce but to also remain competitive. Energy costs have seen significant fluctuations due to various global factors including supply chain disruptions and geopolitical tensions. We managed to secure FY24 energy costs at lower than FY23, with further energy secured in FY25 and FY26 that again show year on year savings. Material prices have reached a stable point, but we remain vigilant and ready to adapt to ongoing changes

The business has continued to invest strongly in its strategic IP portfolio and further new equipment to improve efficiency, reduce manual handling and mitigate cost increases. This includes energy efficiency projects which together with its source of solar energy, biomass boilers and adding electric vehicles to its fleet, firmly establishes its green credentials.

Employee numbers have increased, averaging 276.

The Group continues to prioritise cash flow to ensure efficient operations within its facilities and to finance acquisitions and capital expenditures.

The Key Performance factors for the last five years are;

2024 2023 2022 2021 2020
'000s '000s '000s '000s '000s
Turnover 35,728 34,069 29,046 28,732 20,727
Gross profit 11,191 8,511 5,687 5,930 4,198
EBITDA 6,341 4,108 2,208 2,411 1,810
Shareholders' funds 7,733 5,244 3,946 3,012 2,139

Non-financial KPI
Employee numbers 276 240 244 258 205

The group had net current assets of £3,158,000 (2023: £1,438,000) and net assets of £7,733,000 (2023: £5,244,000). For the year ended 30 September 2024 the group made a profit after tax of £3,864,000 (2023: £2,167,000).

The company had net current liabilities of £2,283,000 (2023: £516,000) and net assets of £5,320,000 (2023: £5,169,000). For the year ended 30 September 2024 the company made a profit after tax of £1,526,000 (2023: £2,519,000).


INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

GROUP STRATEGIC REPORT
for the year ended 30 September 2024

PRINCIPAL RISKS AND UNCERTAINTIES
The business is aligned to the Construction Industry though the increased use of performance doors within the industry and more demanding construction and inspection legislation creates a favourable sub sector within the industry, particularly in the public building sector.

Most materials are imported and subject to tariffs, exchange rate changes, and price increases. Risks are reduced by negotiating with suppliers, purchasing mainly in Sterling, expanding the supplier base, and holding strategic stock. Foreign currency contracts are hedged to secure rates. Additionally, fostering strong relationships with diverse suppliers helps ensure consistent supply and mitigates against potential disruptions. Regularly reviewing market trends also aids in anticipating and adapting to price fluctuations effectively.

While inflation remains a factor, its impact is not as profound as it has been in prior years. However, the availability of labour in the market continues to present significant challenges.

The moderation in inflation rates has provided an element of cost stability, yet the constraints in the labour market necessitate strategic approaches to address workforce shortages, skill mismatches, and other related concerns. These combined elements underscore the importance our comprehensive policies and initiatives aimed at fostering a resilient and adaptable labour force.

The Group has significantly reduced its direct 3rd party borrowings, whether that be shareholder loans or bank debt following the acquisition by LDC.

We monitor customer liquidity to prevent bad debts. By regularly assessing the financial health via use of credit agencies of our customers, we can identify potential risks early on. This proactive approach allows us to implement robust credit controls ensuring bad debt risk is minimised and which is reflected within the minor bad debt losses since the Group's formation.

BUSINESS ENVIRONMENT
The business operates principally in the construction sector with a mix of developers, construction companies and first tier suppliers as its main customer base. The performance door market serves the commercial new build market (Healthcare, education and commercial) as well as the residential new build market (principally apartments) and all refurbishment markets whilst the inspection and maintenance concentrates in the fire door after market.

Current forecasts are for the market to achieve small growth but with variations by sector.

KEY PERFORMANCE INDICATORS (KPI'S)
The business uses KPIs extensively in its operations as a management tool.

Sales are measured to establish trends and efficiency in quotations, conversion, order intake and margins.

Output performances are measured daily to validate capital expenditure projects, assist production planning and to seek a consistent improvement in output and efficiency.

Financial performances are measured extensively to cover:
- Profitability at all levels.
- Margins at all levels.
- Performances against budget and last year.
- Balance sheet ratios including stock turn, debtor days and working capital levels.
- Cash flow and debt levels.


INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

GROUP STRATEGIC REPORT
for the year ended 30 September 2024

FUTURE DEVELOPMENTS
The business has started the new year with a good order book across the group and trading performances have continued to improve. The directors expect a continued growth in turnover for the next financial year.

The group has external funding agreed until March 2025 and a CBIL loan, repayable in instalments by 2025. The business also has an asset funding line agreed.

Overall, the business has sufficient headroom to allow for further planned investment and growth.

The directors expect the group to remain operationally cash positive and therefore be in a position to continue to reduce the debt of the group.

ON BEHALF OF THE BOARD:





A Malhan - Director


16 May 2025

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

REPORT OF THE DIRECTORS
for the year ended 30 September 2024


The directors present their report with the financial statements of the company and the group for the year ended 30 September 2024.

PRINCIPAL ACTIVITIES
The principal activities of the group in the year under review was that of manufacture and sales of performance door sets and inspection and maintenance of fire doors.

DIVIDENDS
The total distribution of dividends for the year ended 30 September 2024 was £1,375,000.

EVENTS SINCE THE END OF THE YEAR
Information relating to events since the end of the year is given in the notes to the financial statements.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 October 2023 to the date of this report.

A Dowding
P Lynch
A Malhan
G Parkin

Other changes in directors holding office are as follows:

N J Richmond - resigned 7 May 2024

A Dowding - resigned 8 December 2024

FINANCIAL INSTRUMENTS
The principal financial instruments of the group comprise bank balances and borrowings, trade creditors, trade debtors and hire purchase contracts. The main purpose of these instruments is to raise funds for the group's operations and to finance its continuing operations. Liquidity risk is managed by the use of bank balances and overdraft facilities along with efficient monitoring and forecasting of cash flow to ensure there are sufficient funds to meet liabilities. Trade debtors are managed in respect of credit and cash flow risk by policies monitoring the credit offered to customers, and regular monitoring of amounts outstanding for both time and credit limits.

POLITICAL DONATIONS AND EXPENDITURE
Neither the company nor the group made any political donations during the current or preceding year.

STATEMENT OF DIRECTORS' RESPONSIBILITIES
The directors are responsible for preparing the Group Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law), including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the group and of the profit or loss of the group for that period. In preparing these financial statements, the directors are required to:

- select suitable accounting policies and then apply them consistently;
- make judgements and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's and the group's transactions and disclose with reasonable accuracy at any time the financial position of the company and the group and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and the group and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

REPORT OF THE DIRECTORS
for the year ended 30 September 2024


STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the group's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the group's auditors are aware of that information.

AUDITORS
The auditors, Magma Audit LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:





A Malhan - Director


16 May 2025

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INTEGRATED DOORSET SOLUTIONS LIMITED


Opinion
We have audited the financial statements of Integrated Doorset Solutions Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 30 September 2024 which comprise the Consolidated Profit and Loss Account, Consolidated Balance Sheet, Company Balance Sheet, Consolidated Statement of Changes in Equity, Company Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:
-give a true and fair view of the state of the group's and of the parent company affairs as at 30 September 2024 and of the group's profit for the year then ended;
-have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
-have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information
The directors are responsible for the other information. The other information comprises the information in the Group Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the Group Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the Group Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent company and its environment obtained in the course of the audit, we have not identified material misstatements in the Group Strategic Report or the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:
- adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or
- the parent company financial statements are not in agreement with the accounting records and returns; or
- certain disclosures of directors' remuneration specified by law are not made; or
- we have not received all the information and explanations we require for our audit.

REPORT OF THE INDEPENDENT AUDITORS TO THE MEMBERS OF
INTEGRATED DOORSET SOLUTIONS LIMITED


Responsibilities of directors
As explained more fully in the Statement of Directors' Responsibilities set out on page five, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the company and industry, we identified the principal risks of non-compliance with laws and regulations, and we considered the extent to which non-compliance might have a material effect on the financial statements. We also considered those laws and regulations that have a direct impact on the financial statements such as the Companies Act 2006, Health and Safety regulations and employment law. We evaluated management’s incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to posting inappropriate journal entries and management bias in accounting estimates. Audit procedures performed included:

- discussions with management including consideration of known or suspected instances of non-compliance with
laws and regulation and fraud;
- challenging assumptions made by management in their significant accounting estimates, in particular in relation
to the bad debt provision, useful economic lives of tangible assets and impairment of intangible assets.
- identifying and testing journal entries, in particular any journal entries posted with unusual account combinations,
journal entries crediting cash and journal entries with specific defined descriptions.

There are inherent limitations in the audit procedures described above. We are less likely to become aware of instances of non-compliance with laws and regulations that are not closely related to events and transactions reflected in the financial statements. Also, the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.




Victoria Craig ACA FCCA (Senior Statutory Auditor)
for and on behalf of Magma Audit LLP
Chartered Accountants
Statutory Auditor
Magma House, 16 Davy Court
Castle Mound Way
Rugby
CV23 0UZ

16 May 2025

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

CONSOLIDATED
PROFIT AND LOSS ACCOUNT
for the year ended 30 September 2024

2024 2023
Notes £'000 £'000

TURNOVER 3 35,728 34,069

Cost of sales (24,537 ) (25,668 )
GROSS PROFIT 11,191 8,401

Administrative expenses (6,325 ) (5,309 )
4,866 3,092

Other operating income 209 -
OPERATING PROFIT 5 5,075 3,092

Interest receivable and similar income 14 1
5,089 3,093

Interest payable and similar expenses 6 (122 ) (209 )
PROFIT BEFORE TAXATION 4,967 2,884

Tax on profit 7 (1,103 ) (717 )
PROFIT FOR THE FINANCIAL YEAR 3,864 2,167

OTHER COMPREHENSIVE INCOME - -
TOTAL COMPREHENSIVE INCOME FOR
THE YEAR

3,864

2,167

Profit attributable to:
Owners of the parent 3,864 2,167

Total comprehensive income attributable to:
Owners of the parent 3,864 2,167

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

CONSOLIDATED BALANCE SHEET
30 September 2024

2024 2023
Notes £'000 £'000
FIXED ASSETS
Intangible assets 10 1,580 1,589
Tangible assets 11 4,625 4,197
Investments 12 - -
6,205 5,786

CURRENT ASSETS
Stocks 13 1,609 1,094
Debtors 14 7,217 6,975
Cash at bank and in hand 2,134 1,455
10,960 9,524
CREDITORS
Amounts falling due within one year 15 (7,802 ) (8,086 )
NET CURRENT ASSETS 3,158 1,438
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,363

7,224

CREDITORS
Amounts falling due after more than one
year

16

(657

)

(1,097

)

PROVISIONS FOR LIABILITIES 20 (973 ) (883 )
NET ASSETS 7,733 5,244

CAPITAL AND RESERVES
Called up share capital 21 668 1,070
Share premium 22 23 23
Capital redemption reserve 22 402 -
Retained earnings 22 6,640 4,151
SHAREHOLDERS' FUNDS 7,733 5,244

The financial statements were approved by the Board of Directors and authorised for issue on 16 May 2025 and were signed on its behalf by:





A Malhan - Director


INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

COMPANY BALANCE SHEET
30 September 2024

2024 2023
Notes £'000 £'000
FIXED ASSETS
Intangible assets 10 587 470
Tangible assets 11 4,563 4,103
Investments 12 4,064 3,046
9,214 7,619

CURRENT ASSETS
Stocks 13 1,501 1,070
Debtors 14 3,967 4,356
Cash at bank and in hand 1,561 1,065
7,029 6,491
CREDITORS
Amounts falling due within one year 15 (9,312 ) (7,007 )
NET CURRENT LIABILITIES (2,283 ) (516 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,931

7,103

CREDITORS
Amounts falling due after more than one
year

16

(652

)

(1,072

)

PROVISIONS FOR LIABILITIES 20 (959 ) (862 )
NET ASSETS 5,320 5,169

CAPITAL AND RESERVES
Called up share capital 21 668 1,070
Share premium 22 23 23
Capital redemption reserve 22 402 -
Retained earnings 22 4,227 4,076
SHAREHOLDERS' FUNDS 5,320 5,169

Company's profit for the financial year 1,526 2,519

The financial statements have been prepared 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 16 May 2025 and were signed on its behalf by:





A Malhan - Director


INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY
for the year ended 30 September 2024

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£'000 £'000 £'000 £'000 £'000
Balance at 1 October 2022 1,070 2,853 23 - 3,946

Changes in equity
Purchase of own shares - (869 ) - - (869 )
Total comprehensive income - 2,167 - - 2,167
Balance at 30 September 2023 1,070 4,151 23 - 5,244

Changes in equity
Cancellation of treasury
shares (402 ) - - 402 -
Dividends - (1,375 ) - - (1,375 )
Total comprehensive income - 3,864 - - 3,864
Balance at 30 September 2024 668 6,640 23 402 7,733

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

COMPANY STATEMENT OF CHANGES IN EQUITY
for the year ended 30 September 2024

Called up Capital
share Retained Share redemption Total
capital earnings premium reserve equity
£'000 £'000 £'000 £'000 £'000
Balance at 1 October 2022 1,070 2,426 23 - 3,519

Changes in equity
Purchase of own shares - (869 ) - - (869 )
Total comprehensive income - 2,519 - - 2,519
Balance at 30 September 2023 1,070 4,076 23 - 5,169

Changes in equity
Cancellation of treasury
shares (402 ) - - 402 -
Dividends - (1,375 ) - - (1,375 )
Total comprehensive income - 1,526 - - 1,526
Balance at 30 September 2024 668 4,227 23 402 5,320

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
for the year ended 30 September 2024


1. STATUTORY INFORMATION

Integrated Doorset Solutions 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 General 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" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The preparation of financial statements in conformity with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the group's accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the notes to the accounts.

The group's functional currency and presentational currency is Sterling (£). The financial statements have been rounded to the nearest thousand.

The group has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

the requirements of Section 7 Statement of Cash Flows.

Basis of consolidation
The consolidated financial statements present the results of the company and its own subsidiaries ("the group") as if they form a single entity. Intercompany transactions and balances between group companies are therefore eliminated in full.

The consolidated financial statements incorporate the results of business combinations using the purchase method. In the Balance Sheet, the acquiree's identifiable assets, liabilities and contingent liabilities are initially recognised at the fair values at the acquisition date. The results of acquired operations are included in the Consolidated Profit and Loss from the date on which control is obtained. They are deconsolidated from the date control ceases.

Going concern
The group had net current assets of £3,158,000 (2023: £1,438,000) and net assets of £7,733,000 (2023: £5,244,000). For the year ended 30 September 2024 the group made a profit after tax of £3,864,000 (2023: £2,167,000).

The company had net current liabilities of £2,283,000 (2023: £516,000) and net assets of £5,320,000 (2023: £5,169,000). For the year ended 30 September 2024 the company made a profit after tax of £1,526,000 (2023: £2,519,000).

The directors have considered the going concern status of the company and group. The directors have prepared financial forecasts which show that the company and group can meet its debts as they fall due.

Accordingly the directors continue to adopt the going concern basis in preparing the financial statements.

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Turnover
Turnover is measured as the fair value of the consideration received or receivable and represents the amount receivable for goods supplied or services rendered, net of returns, discounts and rebates allowed by the group and value added taxes.

The group recognises revenue when (a) the significant risks and rewards of ownership have been transferred to the buyer; (b) the group retains no continuing involvement or control over the goods; (c) the amount of revenue can be measured reliably; (d) it is probable that future economic benefits will flow to the entity and (e) when the specific criteria relating to the each of group’s sales channels have been met.

Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirers interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight line basis to the Profit and Loss over its useful economic life which is expected to be 10 years.

Intellectual property
Intellectual property, being amounts paid in connection with certification and testing of product lines are initially recorded at cost. They are being amortised over their useful lives of 5 years.

Where factors, such as technological advancement or changes in market price, indicate that residual value or useful life have changed, the residual value, useful life or amortisation rate are amended prospectively to reflect the new circumstances.

The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired.

Tangible fixed assets
Tangible assets are stated at historical cost less depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives on a straight line basis.

Depreciation is provided on the following basis:

Freehold land & buildings-over lease term
Plant and machinery-10% straight line
Fixtures and fittings-20% straight line
Computer equipment-25% straight line
Motor vehicles-25% straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment in subsidiary undertakings
Investment in subsidiary undertakings are held at cost less accumulated impairment losses.

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Stocks
Stocks comprise raw materials and work in progress.

Raw materials
Raw materials are stated at the lower of cost and estimated selling price less costs to complete and sell. Stocks are recognised as an expense in the period in which the related revenue is recognised. Cost is determined on the first-in, first-out (FIFO) method.

At the end of each reporting period stocks are assessed for impairment. If an item of stock is impaired, the identified stock is reduced to its selling price less costs to complete and sell and an impairment charge is recognised in the profit and loss account. Where a reversal of the impairment is recognised the impairment charge is reversed, up to the original impairment loss, and recognised as a credit on the profit and loss.

Work in progress
Work in progress is valued on the basis of direct costs plus attributable labour time and overheads. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation of work in progress.

Taxation
Taxation expense for the period comprises current and deferred tax recognised in the reporting period. Tax is recognised in the profit and loss account, 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.
(i) Current tax
Current tax is the amount of income tax payable in respect of the taxable profit for the year or prior years. Tax is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the period end.

Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation. It establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities.

(ii) Deferred tax
Deferred tax arises from timing differences that are differences between taxable profits and total comprehensive income as stated in the financial statements. These 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 recognised on all timing differences at the reporting date except for certain exceptions. Unrelieved tax losses and other deferred tax assets are only recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

Foreign currencies
At each year end foreign currency monetary items are translated using the closing exchange rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at the year end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in the profit and loss account.

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Operating and finance lease commitments
At inception the group assesses agreements that transfer the right to use assets. The assessment considers whether the arrangement is, or contains, a lease based on the substance of the arrangement.

(i) Finance leased assets
Leases of assets that transfer substantially all the risks and rewards incidental to ownership are classified as finance leases.

Finance leases are capitalised at commencement of the lease as assets at the fair value of the leased asset or, if lower, the present value of the minimum lease payments calculated using the interest rate implicit in the lease. Where the implicit rate cannot be determined the group’s incremental borrowing rate is used. Incremental direct costs, incurred in negotiating and arranging the lease, are included in the cost of the asset.

Assets are depreciated over the shorter of the lease term and the estimated useful life of the asset. Assets are assessed for impairment at each reporting date.

The capital element of lease obligations is recorded as a liability on inception of the arrangement. Lease payments are apportioned between capital repayment and finance charge, using the effective interest rate method, to produce a constant rate of charge on the balance of the capital repayments outstanding.

(ii) Operating leased assets
Leases that do not transfer all the risks and rewards of ownership are classified as operating leases. Payments under operating leases are charged to the profit and loss account on a straight-line basis over the period of the lease.

(iii) Lease incentives
Incentives received to enter into a finance lease reduce the fair value of the asset and are included in the calculation of present value of minimum lease payments.

Incentives received to enter into an operating lease are credited to the profit and loss account, to reduce the lease expense, on a straight-line basis over the period of the lease.

Employee benefits
The group operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the group pays fixed contributions into a separate entity. Once the contributions have been paid the group has no further payment obligations. The contributions are recognised as an expense when they are due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the group in independently administered funds.

Invoice discounting
The gross amount of invoice discounted debts are included in trade debtors and a corresponding liability in respect of proceeds received from factors are shown within current liabilities. Factoring charges and interest are recognised in the profit and loss account as they accrue.

Research and development
Expenditure on research and development is written off in the period it is incurred.

Share capital
Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of new ordinary shares or options are shown in equity as a deduction, net of tax, from the proceeds.

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Financial instruments
The group has chosen to adopt the Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including trade and other debtors, cash and bank balances, investments and loans to fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognised. The impairment reversal is recognised in profit or loss.

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint ventures, are initially measured at fair value, which is normally the transaction price.

Such assets are subsequently carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less impairment.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and loans from fellow group companies are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods that have been acquired in the ordinary course of business from suppliers.

Trade creditors are classified as current liabilities if payment is due within one year or less.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


2. ACCOUNTING POLICIES - continued

Critical accounting estimates and assumptions
The group makes estimates and assumptions concerning the future. The resulting accounting estimates will, by definition, seldom equal the related actual results. The estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below.

(i) Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are re-assessed annually.
They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets.

(ii) Impairment of debtors
The group makes an estimate of the recoverable value of trade and other debtors. When assessing impairment of trade and other debtors, management considers factors including the current credit rating of the debtor, the ageing profile of debtors and historical experience.

(iii) Impairment of intangible assets and goodwill
The group considers whether intangible assets and goodwill are impaired. Where an indication of impairment is identified the estimation of recoverable value requires estimation of the recoverable value of the cash generating units (CGUs). This requires estimation of the future cash flows from the CGUs and also selection of appropriate discount rates in order to calculate the net present value of those cash flows.

3. TURNOVER

The turnover and profit before taxation are attributable to the principal activities of the group.

An analysis of turnover by class of business is given below:

2024 2023
£'000 £'000
Manufacturing 22,065 22,454
Inspection and maintenance 13,672 11,615
35,737 34,069

An analysis of turnover by geographical market is given below:

2024 2023
£'000 £'000
United Kingdom 35,733 33,448
Europe 4 621
35,737 34,069

4. EMPLOYEES AND DIRECTORS
2024 2023
£'000 £'000
Wages and salaries 12,909 9,719
Social security costs 914 733
Other pension costs 175 158
13,998 10,610

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


4. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
2024 2023

Administration staff 76 61
Management 9 10
Production and warehouse staff 191 169
276 240

2024 2023
£    £   
Directors' remuneration 555,913 564,977

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes 4 3

Information regarding the highest paid director is as follows:
2024 2023
£    £   
Emoluments etc 201,005 148,185

5. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
£'000 £'000
Depreciation - owned assets 615 455
Depreciation - assets on hire purchase contracts 299 258
Loss on disposal of fixed assets 17 21
Goodwill amortisation 160 159
Intellectual Property amortisation 191 144
Foreign exchange differences - 4
Operating lease rentals 407 425
Audit of the parent company and the group's consolidated financial
statements

22

18
Audit of the company's subsidiaries 19 14
Tax compliance 8 3

6. INTEREST PAYABLE AND SIMILAR EXPENSES
2024 2023
£'000 £'000
Bank interest 13 3
Other interest payable 109 206
122 209

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


7. TAXATION

Analysis of the tax charge
The tax charge on the profit for the year was as follows:
2024 2023
£'000 £'000
Current tax:
UK corporation tax 1,148 503

Deferred tax (45 ) 214
Tax on profit 1,103 717

Reconciliation of total tax charge included in profit and loss
The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

2024 2023
£'000 £'000
Profit before tax 4,967 2,884
Profit multiplied by the standard rate of corporation tax in the UK of 25 %
(2023 - 24.210 %)

1,242

698

Effects of:
Expenses not deductible for tax purposes 5 7
Adjustments to tax charge in respect of previous periods (5 ) 70
Research and development tax relief (32 ) (41 )
Superdeduction - (20 )
Other (difference between CT and DT rate) - 3
Group relief and transfer (107 ) -
Total tax charge 1,103 717

8. INDIVIDUAL PROFIT AND LOSS ACCOUNT

As permitted by Section 408 of the Companies Act 2006, the Income Statement of the parent company is not presented as part of these financial statements.


9. DIVIDENDS
2024 2023
£'000 £'000
Ordinary shares of £1 each
Interim 1,375 -

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


10. INTANGIBLE FIXED ASSETS

Group
Intellectual
Goodwill Property Totals
£'000 £'000 £'000
COST
At 1 October 2023 1,598 1,328 2,926
Additions - 342 342
At 30 September 2024 1,598 1,670 3,268
AMORTISATION
At 1 October 2023 479 858 1,337
Amortisation for year 160 191 351
At 30 September 2024 639 1,049 1,688
NET BOOK VALUE
At 30 September 2024 959 621 1,580
At 30 September 2023 1,119 470 1,589

Company
Intellectual
Property
£'000
COST
At 1 October 2023 1,328
Additions 302
At 30 September 2024 1,630
AMORTISATION
At 1 October 2023 858
Amortisation for year 185
At 30 September 2024 1,043
NET BOOK VALUE
At 30 September 2024 587
At 30 September 2023 470

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


11. TANGIBLE FIXED ASSETS

Group
Freehold Fixtures
land & Plant and and
buildings machinery fittings
£'000 £'000 £'000
COST
At 1 October 2023 410 5,864 111
Additions 62 1,044 363
Disposals - (89 ) (185 )
At 30 September 2024 472 6,819 289
DEPRECIATION
At 1 October 2023 194 2,354 94
Charge for year 32 689 23
Eliminated on disposal - (41 ) (32 )
At 30 September 2024 226 3,002 85
NET BOOK VALUE
At 30 September 2024 246 3,817 204
At 30 September 2023 216 3,510 17

Motor Computer
vehicles equipment Totals
£'000 £'000 £'000
COST
At 1 October 2023 206 845 7,436
Additions - 89 1,558
Disposals (20 ) (5 ) (299 )
At 30 September 2024 186 929 8,695
DEPRECIATION
At 1 October 2023 55 542 3,239
Charge for year 46 124 914
Eliminated on disposal (4 ) (6 ) (83 )
At 30 September 2024 97 660 4,070
NET BOOK VALUE
At 30 September 2024 89 269 4,625
At 30 September 2023 151 303 4,197

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


11. TANGIBLE FIXED ASSETS - continued

Group

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£'000 £'000 £'000 £'000
COST
At 1 October 2023 2,283 - 116 2,399
Additions 332 140 - 472
At 30 September 2024 2,615 140 116 2,871
DEPRECIATION
At 1 October 2023 612 - 31 643
Charge for year 266 4 29 299
At 30 September 2024 878 4 60 942
NET BOOK VALUE
At 30 September 2024 1,737 136 56 1,929
At 30 September 2023 1,671 - 85 1,756

Company
Freehold Fixtures
land & Plant and and
buildings machinery fittings
£'000 £'000 £'000
COST
At 1 October 2023 410 5,858 110
Additions 62 962 202
Disposals - (89 ) -
At 30 September 2024 472 6,731 312
DEPRECIATION
At 1 October 2023 194 2,349 93
Charge for year 32 606 16
Eliminated on disposal - (41 ) -
At 30 September 2024 226 2,914 109
NET BOOK VALUE
At 30 September 2024 246 3,817 203
At 30 September 2023 216 3,509 17

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


11. TANGIBLE FIXED ASSETS - continued

Company

Motor Computer
vehicles equipment Totals
£'000 £'000 £'000
COST
At 1 October 2023 105 831 7,314
Additions - 77 1,303
Disposals - - (89 )
At 30 September 2024 105 908 8,528
DEPRECIATION
At 1 October 2023 40 535 3,211
Charge for year 23 118 795
Eliminated on disposal - - (41 )
At 30 September 2024 63 653 3,965
NET BOOK VALUE
At 30 September 2024 42 255 4,563
At 30 September 2023 65 296 4,103

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£'000 £'000 £'000 £'000
COST
At 1 October 2023 2,283 - 116 2,399
Additions 332 140 - 472
At 30 September 2024 2,615 140 116 2,871
DEPRECIATION
At 1 October 2023 612 - 31 643
Charge for year 266 4 29 299
At 30 September 2024 878 4 60 942
NET BOOK VALUE
At 30 September 2024 1,737 136 56 1,929
At 30 September 2023 1,671 - 85 1,756

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


12. FIXED ASSET INVESTMENTS

Company
Shares in
group
undertaking
£'000
COST
At 1 October 2023 3,046
Additions 1,018
At 30 September 2024 4,064
NET BOOK VALUE
At 30 September 2024 4,064
At 30 September 2023 3,046

The group or the company's investments at the Balance Sheet date in the share capital of companies include the following:

Subsidiaries

Fire Door Inspection Solutions Limited
Registered office: Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ
Nature of business: Inspection and maintenance of fire doors
%
Class of shares: holding
Ordinary 100.00
2024 2023
£'000 £'000
Aggregate capital and reserves 4,275 1,806
Profit for the year 2,468 1,659

Fire Door Inspections Solutions (Southern) Limited
Registered office: Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ
Nature of business: Inspection and maintenance of fire doors
%
Class of shares: holding
Ordinary 100.00
2024 2023
£'000 £'000
Aggregate capital and reserves 185 185
Profit for the year - 185

Performance Joinery Limited
Registered office: Magma House, 16 Davy Court, Castle Mound Way, Rugby, Warwickshire, CV23 0UZ
Nature of business: Manufacture and sales of performance doorsets
%
Class of shares: holding
Ordinary 100.00
2024
£'000
Aggregate capital and reserves 1,059
Loss for the year (165 )


INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


13. STOCKS

Group Company
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Stocks 1,059 712 1,059 712
Work-in-progress 550 382 442 358
1,609 1,094 1,501 1,070

14. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Trade debtors 5,864 6,290 3,348 4,063
Amounts owed by group undertakings 98 - 108 -
Other debtors 12 63 10 -
Prepayments and accrued income 1,243 622 501 293
7,217 6,975 3,967 4,356

15. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Group Company
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Bank loans and overdrafts (see note 17) 148 222 148 222
Hire purchase contracts (see note 18) 538 493 518 474
Trade creditors 3,280 2,109 3,113 1,968
Amounts owed to group undertakings - - 3,565 360
Tax 726 503 308 -
Social security and other taxes 204 218 165 180
VAT 626 622 427 611
Other creditors 224 1,840 147 1,779
Directors' current accounts - 67 - 67
Accruals and deferred income 2,056 2,012 921 1,346
7,802 8,086 9,312 7,007

Included in Other creditors are pensions payable for the group of £88,000 (2023: £36,000) and for the company of £74,000 (2023: £31,000).

16. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

Group Company
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Bank loans (see note 17) - 148 - 148
Hire purchase contracts (see note 18) 657 847 652 822
Other creditors - 102 - 102
657 1,097 652 1,072

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


17. LOANS

An analysis of the maturity of loans is given below:

Group Company
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Amounts falling due within one year or on demand:
Bank loans 148 222 148 222
Amounts falling due between one and two years:
Bank loans - 1-2 years - 148 - 148

18. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Group
Hire purchase contracts
2024 2023
£'000 £'000
Net obligations repayable:
Within one year 538 493
Between one and five years 657 847
1,195 1,340

Company
Hire purchase contracts
2024 2023
£'000 £'000
Net obligations repayable:
Within one year 518 474
Between one and five years 652 822
1,170 1,296

Group
Non-cancellable operating leases
2024 2023
£'000 £'000
Within one year 565 439
Between one and five years 2,011 1,084
In more than five years 1,801 61
4,377 1,584

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


18. LEASING AGREEMENTS - continued

Company
Non-cancellable operating leases
2024 2023
£'000 £'000
Within one year 565 439
Between one and five years 2,011 1,084
In more than five years 1,801 61
4,377 1,584

Group

The future minimum hire purchase lease payments are as follows:
2024 2023
£'000 £'000
Not later than one year 590 542
Later than one year and not later than five years 694 892
Total gross payments 1,284 1,434
Less: finance charges (89 ) (94 )
Carrying amount of liability 1,195 1,340


Company

The future minimum hire purchase lease payments are as follows:
2024 2023
£'000 £'000
Not later than one year 569 521
Later than one year and not later than five years 689 865
Total gross payments 1,258 1,386
Less: finance charges (88 ) (90 )
Carrying amount of liability 1,170 1,296

19. SECURED DEBTS

The following secured debts are included within creditors:

Group Company
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Bank loans 148 370 - -
Hire purchase 1,195 1,340 - 1,296
1,343 1,710 - 1,296

The bank loan is secured by an unlimited debenture over the assets of the group.

The net obligations under hire purchase contracts are secured on the assets to which they relate.

The bank loan is repayable on the 5th anniversary of the date of the agreement being May 2025. Interest is charged at a rate of 1.56% above Bank of England base rate.

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


20. PROVISIONS FOR LIABILITIES

Group Company
2024 2023 2024 2023
£'000 £'000 £'000 £'000
Deferred tax
Accelerated capital allowances 862 963 862 963
Tax losses carried forward - (101 ) - (101 )
Deferred tax 111 21 97 -
973 883 959 862

Group
Deferred
tax
£'000
Balance at 1 October 2023 883
Provided during year 90
Balance at 30 September 2024 973

Company
Deferred
tax
£'000
Balance at 1 October 2023 862
Provided during year 97
Balance at 30 September 2024 959

21. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £'000 £'000
668,000 Ordinary £1 668 1,070

On 13 March 2024 401,667 Ordinary shares held a treasury shares were cancelled with a nominal value of £1 each totalling £401,667.

22. RESERVES

Group
Capital
Retained Share redemption
earnings premium reserve Totals
£'000 £'000 £'000 £'000

At 1 October 2023 4,151 23 - 4,174
Profit for the year 3,864 3,864
Dividends (1,375 ) (1,375 )
Cancellation of treasury
shares - - 402 402
At 30 September 2024 6,640 23 402 7,065

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


22. RESERVES - continued

Company
Capital
Retained Share redemption
earnings premium reserve Totals
£'000 £'000 £'000 £'000

At 1 October 2023 4,076 23 - 4,099
Profit for the year 1,526 - - 1,526
Dividends (1,375 ) - - (1,375 )
Cancellation of treasury
shares - - 402 402
At 30 September 2024 4,227 23 402 4,652


23. ULTIMATE PARENT COMPANY

IDSL Group Holdings Limited is regarded by the directors as being the company's ultimate parent company.

During the year Integrated Doorset Solutions Ltd was acquired by IDSL Group Holdings Limited.

As at 30 September 2024, IDSL Group Holdings Limited, a company incorporated and registered in England and Wales, was the immediate and ultimate parent undertaking and controlling party of the Company.

The registered address of the of the immediate and ultimate parent undertaking is Magma House 16 Davy Court Castle Mound Way, Rugby, Warwickshire, United Kingdom, CV23 0UZ.

The largest group in which the results of the Company are consolidated is that headed by IDSL Group Holdings Limited, a company incorporated and registered in England and Wales.

Consolidated financial statements of IDSL Group Holdings Limited are available from the following address: Companies House, Crown Way, Cardiff, Wales, CF14 3UZ.

There was no ultimate controlling party in the current or the prior period, as no single shareholder has control of the ultimate parent company by virtue of shareholding.

24. RELATED PARTY DISCLOSURES

Company
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Transactions between group entities which have been eliminated on consolidation are not disclosed within the financial statements.

Group
During the year sales of £6,000 (2023: £16,000) were made to, and purchases of £234,000 (2023: £226,000) were made from a related company with common directors. At the year end £Nil (2023: £22,000) was due to this related company.

During the year purchases of £86,000 (2023: £83,000) were made from a related company with common directors, £86,000 being rent.

During the year purchases of £103,000 (2023: £119,000) were made from a related company with common directors. At the year end £nil (2023: £nil) was due to this related company.

Not included in the above balances are movements on shareholders loans. At the year end interest of £Nil (2023: £6,000) was accrued on the balances. At the year end the outstanding capital balances due to these shareholders was £Nil (2023: £168,000).

INTEGRATED DOORSET SOLUTIONS LIMITED (REGISTERED NUMBER: 09241306)

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS - continued
for the year ended 30 September 2024


25. POST BALANCE SHEET EVENTS

On 21 November 2024 the company acquired the entire share capital of Hartland Fire Holdings Ltd for consideration of £3.2m.

26. BUSINESS COMBINATIONS

On 29 February 2024 the company acquired control of Performance Joinery Ltd through the purchase of 100% of the share capital for total consideration of £1,018,082. Due to negative goodwill being recognised on acquisition of Performance Joinery Ltd, management have recognised the full goodwill release within the current year consolidated profit and loss statement.

The following table summarises the consideration paid by the group, the fair value of the assets acquired and liabilities assumed.

Consideration at 29 February 2024

£'000
Cash consideration 988

Incidental costs of acquisition 30

1,018

For cash flow disclosure purposes the amounts are disclosed as follows:

£'000
Cash and cash equivalents acquired 40
40

Recognised amounts of identifiable assets acquired and liabilities assumed:

Fair Value
£'000
Tangible assets 495
Debtors 1,349
Stocks 404
Cash at bank 40
Creditors (1,061 )
Total identifiable assets 1,227

Goodwill (209 )
Total 1,018