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REGISTERED NUMBER: 00540193 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Industrial Suppliers (Wimborne) Limited

Industrial Suppliers (Wimborne) Limited (Registered number: 00540193)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Industrial Suppliers (Wimborne) Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: Mr F Osborn
Mr C Osborn





SECRETARY: Mr C Osborn





REGISTERED OFFICE: 4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH217SF





REGISTERED NUMBER: 00540193 (England and Wales)





ACCOUNTANTS: Ward Goodman
4 Cedar Park
Cobham Road
Ferndown Industrial Estate
Wimborne
Dorset
BH21 7SF

Industrial Suppliers (Wimborne) Limited (Registered number: 00540193)

Abridged Statement of Financial Position
31 December 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 449,047 572,943

CURRENT ASSETS
Stocks - 5,000
Debtors 4,402 5,662
Cash at bank 17,846 55,541
22,248 66,203
CREDITORS
Amounts falling due within one year 23,439 334,322
NET CURRENT LIABILITIES (1,191 ) (268,119 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

447,856

304,824

CREDITORS
Amounts falling due after more than one year (51,150 ) (62,726 )

PROVISIONS FOR LIABILITIES (1,658 ) (1,799 )

ACCRUALS AND DEFERRED INCOME (20,287 ) (2,910 )
NET ASSETS 374,761 237,389

CAPITAL AND RESERVES
Called up share capital 16,000 16,000
Non distributable reserves 4,000 4,000
Retained earnings 354,761 217,389
SHAREHOLDERS' FUNDS 374,761 237,389

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.

Industrial Suppliers (Wimborne) Limited (Registered number: 00540193)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Statement of Financial Position for the year ended 31 December 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 by the Board of Directors and authorised for issue on 20 May 2025 and were signed on its behalf by:




Mr F Osborn - Director



Mr C Osborn - Director


Industrial Suppliers (Wimborne) Limited (Registered number: 00540193)

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

1. STATUTORY INFORMATION

Industrial Suppliers (Wimborne) 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 Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

These financial statements have been prepared on a going concern basis. The company entered into a Company Voluntary Arrangement on 20 December 2016 and this was finalised within the accounting year end on 23 December 2024.

The directors are of the opinion that with the finalisation of the Company Voluntary Arrangement and based on the anticipated future rental income stream, the company will continue to be able to meet liabilities in full and return to profit from rental activities.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Plant and machinery - 10% on reducing balance
Fixtures and fittings - 5% on reducing balance
Computer equipment - 20% on cost

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 statement of financial position date.


Industrial Suppliers (Wimborne) Limited (Registered number: 00540193)

Notes to the Financial Statements - continued
for the Year Ended 31 December 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 statement of financial position 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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial in such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Impairment of assets
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2024 935,047
Disposals (145,975 )
At 31 December 2024 789,072
DEPRECIATION
At 1 January 2024 362,104
Charge for year 6,207
Eliminated on disposal (28,286 )
At 31 December 2024 340,025
NET BOOK VALUE
At 31 December 2024 449,047
At 31 December 2023 572,943

Industrial Suppliers (Wimborne) Limited (Registered number: 00540193)

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

4. TANGIBLE FIXED ASSETS - continued

The gross book value of freehold land and buildings includes £303,200 (2022 - £303,200) of depreciable assets.

5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans - 158,216

6. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 158,216

7. OTHER FINANCIAL COMMITMENTS

The company had bank loans and overdrafts totalling £Nil (2023 - £162,370) which are secured on a fixed and floating charge over the property held by the company (Charge Number 0054 0193 0014).

Liabilities to the bank were revised upwards in a previous financial year to 31 December 2022 through exceptional items in the profit and loss account. This came following an update from the CVA's Supervisor by way of a concessionary agreement letter received from the bank in May 2023.

The company also had commitments in respect of hire purchase contracts totalling £Nil (2023 - £1,309) and net wage commitments of £Nil (2023 - £3,941) at the financial year end, both of which were under settlement of the company's CVA.

There were no other commitments, contingencies or guarantees made on behalf of directors.

8. OFF-BALANCE SHEET ARRANGEMENTS

The total amount of financial commitments not included on the company balance sheet at the financial year end was Nil (2022 - Nil).

Industrial Suppliers (Wimborne) Limited (Registered number: 00540193)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr C Osborn
Balance outstanding at start of year 80 -
Amounts advanced 399 392
Amounts repaid (312 ) (312 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 167 80

Loans to directors are unsecured, interest free and repayable on demand. The loan to the director, C Osborn was repaid on 15 July 2025.