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REGISTERED NUMBER: SC394605 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

INTEGRATED VALVE SOLUTIONS LTD

INTEGRATED VALVE SOLUTIONS LTD (REGISTERED NUMBER: SC394605)

Contents of the Financial Statements
for the Year Ended 31 December 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INTEGRATED VALVE SOLUTIONS LTD

Company Information
for the Year Ended 31 December 2024







DIRECTORS: J A Fowler
S R Cruickshanks
D R Cruickshanks
I Hunter





REGISTERED OFFICE: The Old House
Inverebrie
Ellon
Aberdeenshire
AB41 8PX





REGISTERED NUMBER: SC394605 (Scotland)





ACCOUNTANTS: Infinity Advisors Limited t/a Infinity Partnership
5 Carden Place
Aberdeen
AB10 1UT

INTEGRATED VALVE SOLUTIONS LTD (REGISTERED NUMBER: SC394605)

Balance Sheet
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 77,413 10,452

CURRENT ASSETS
Debtors 5 363,554 176,096
Cash at bank 371,359 333,889
734,913 509,985
CREDITORS
Amounts falling due within one year 6 280,051 185,075
NET CURRENT ASSETS 454,862 324,910
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,275

335,362

PROVISIONS FOR LIABILITIES 3,611 -
NET ASSETS 528,664 335,362

CAPITAL AND RESERVES
Called up share capital 200 200
Retained earnings 528,464 335,162
528,664 335,362

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

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

INTEGRATED VALVE SOLUTIONS LTD (REGISTERED NUMBER: SC394605)

Balance Sheet - continued
31 December 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 30 May 2025 and were signed on its behalf by:





J A Fowler - Director


INTEGRATED VALVE SOLUTIONS LTD (REGISTERED NUMBER: SC394605)

Notes to the Financial Statements
for the Year Ended 31 December 2024


1. STATUTORY INFORMATION

Integrated Valve Solutions Ltd is a private company, limited by shares , registered in Scotland. 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 - Straight line over 4 years and Straight line over 3 years
Motor vehicles - Straight line over 4 years
Computer equipment - Straight line over 3 years

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 3 ) .

INTEGRATED VALVE SOLUTIONS LTD (REGISTERED NUMBER: SC394605)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 January 2024 12,770 - 10,062 22,832
Additions 5,939 66,990 2,874 75,803
At 31 December 2024 18,709 66,990 12,936 98,635
DEPRECIATION
At 1 January 2024 6,085 - 6,295 12,380
Charge for year 3,515 2,875 2,452 8,842
At 31 December 2024 9,600 2,875 8,747 21,222
NET BOOK VALUE
At 31 December 2024 9,109 64,115 4,189 77,413
At 31 December 2023 6,685 - 3,767 10,452

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 333,840 152,871
Other debtors 29,714 23,225
363,554 176,096

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors - 3,528
Taxation and social security 264,448 124,764
Other creditors 15,603 56,783
280,051 185,075

7. ULTIMATE CONTROLLING PARTY

The controlling party is the directors.