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REGISTERED NUMBER: 04482914 (England and Wales)











INSTANT DESPATCH SERVICES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024






INSTANT DESPATCH SERVICES LTD (REGISTERED NUMBER: 04482914)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024










Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


INSTANT DESPATCH SERVICES LTD (REGISTERED NUMBER: 04482914)

ABRIDGED BALANCE SHEET
31 AUGUST 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 138,489 239,788
Investments 5 20,000 20,000
158,489 259,788

CURRENT ASSETS
Debtors 1,667,344 1,269,471
Investments 74 74
Prepayments and accrued income 433,386 212,088
Cash at bank and in hand 6 6,477
2,100,810 1,488,110
CREDITORS
Amounts falling due within one year 2,913,316 2,129,571
NET CURRENT LIABILITIES (812,506 ) (641,461 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(654,017

)

(381,673

)

CREDITORS
Amounts falling due after more than one
year

(421,953

)

(497,960

)

PROVISIONS FOR LIABILITIES (18,792 ) (38,039 )

ACCRUALS AND DEFERRED INCOME (268,008 ) (321,311 )
NET LIABILITIES (1,362,770 ) (1,238,983 )

CAPITAL AND RESERVES
Called up share capital 7 104 104
Retained earnings (1,362,874 ) (1,239,087 )
SHAREHOLDERS' FUNDS (1,362,770 ) (1,238,983 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

INSTANT DESPATCH SERVICES LTD (REGISTERED NUMBER: 04482914)

ABRIDGED BALANCE SHEET - continued
31 AUGUST 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 12 May 2025 and were signed on its behalf by:




D R Shaw - Director



R W Garnham - Director


INSTANT DESPATCH SERVICES LTD (REGISTERED NUMBER: 04482914)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2024


1. STATUTORY INFORMATION

Instant Despatch Services Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 04482914

Registered office: Unit 5, Mansard Close
Westgate Industrial Estate
Northampton
Northamptonshire
NN5 5DL

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 represents amounts (excluding value added tax) derived from the provision of goods and services to customers during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 33% on cost and 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost and 33% on reducing balance

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Debtors and creditors
Debtors receivable / creditors payable within one year are measured at transaction price (less any impairment losses on debtors for bad and doubtful debts). Loans and other financial assets / liabilities are initially measured at transaction price and subsequently measured at amortised cost determined using the effective interest method (less any impairment losses on debtors) for bad and doubtful debts.

Any losses arising from impairment are recognised in the profit and loss account.

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.


INSTANT DESPATCH SERVICES LTD (REGISTERED NUMBER: 04482914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


2. ACCOUNTING POLICIES - continued
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.

Going concern
Factors such as supply chain issues and rising prices, particularly fuel, energy and wages, are impacting across all businesses. The impact of the National Living Wage and Employers NI increases are also impacting most businesses.

Going concern is therefore an important area that the directors are keeping under close scrutiny and this area continues to be monitored on a regular basis. The directors are satisfied that the steps they have taken in the short term are appropriate and effective.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 44 (2023 - 33 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 418,086
Additions 4,338
At 31 August 2024 422,424
DEPRECIATION
At 1 September 2023 178,298
Charge for year 105,637
At 31 August 2024 283,935
NET BOOK VALUE
At 31 August 2024 138,489
At 31 August 2023 239,788

INSTANT DESPATCH SERVICES LTD (REGISTERED NUMBER: 04482914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 September 2023
and 31 August 2024 20,000
NET BOOK VALUE
At 31 August 2024 20,000
At 31 August 2023 20,000

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Hire purchase contracts and finance leases 47,436 139,949

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1.00 100 100
2 Ordinary A & B 1.00 2 2
2 Ordinary C & D 1.00 2 2
104 104

8. OTHER FINANCIAL COMMITMENTS

Not included in the balance sheet are financial commitments, in the form of operating leases, amounting to £1,140,251 (2023: £593,442).

INSTANT DESPATCH SERVICES LTD (REGISTERED NUMBER: 04482914)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2024


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2024 and 31 August 2023:

2024 2023
£    £   
D R Shaw
Balance outstanding at start of year 12,566 29,766
Amounts advanced 259 700
Amounts repaid (12,825 ) (17,900 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - 12,566

Two directors have personally guaranteed any losses incurred in respect of a loan owed by the company. The total liability at the year end of this loan was £283,333.

Two directors have personally guaranteed any losses incurred in respect of the three finance leases taken out by the company. The total liability at the year end of the finance leases was £46,907.