Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-30truepacking, grading, ripening, storage and warehousing of fresh produce.874falsetruetruetrue7892023-10-01falsetruefalse 08332191 2023-10-01 2024-09-30 08332191 2022-03-27 2023-09-30 08332191 2024-09-30 08332191 2023-09-30 08332191 2022-03-27 08332191 1 2023-10-01 2024-09-30 08332191 1 2022-03-27 2023-09-30 08332191 3 2023-10-01 2024-09-30 08332191 3 2022-03-27 2023-09-30 08332191 6 2023-10-01 2024-09-30 08332191 6 2022-03-27 2023-09-30 08332191 d:Director1 2023-10-01 2024-09-30 08332191 d:Director2 2023-10-01 2024-09-30 08332191 d:Director2 2024-09-30 08332191 d:Director3 2023-10-01 2024-09-30 08332191 d:Director3 2024-09-30 08332191 d:Director4 2023-10-01 2024-09-30 08332191 d:Director4 2024-09-30 08332191 d:RegisteredOffice 2023-10-01 2024-09-30 08332191 e:PlantMachinery 2023-10-01 2024-09-30 08332191 e:PlantMachinery 2024-09-30 08332191 e:PlantMachinery 2023-09-30 08332191 e:PlantMachinery e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08332191 e:ComputerEquipment 2023-10-01 2024-09-30 08332191 e:ComputerEquipment 2024-09-30 08332191 e:ComputerEquipment 2023-09-30 08332191 e:ComputerEquipment e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08332191 e:OwnedOrFreeholdAssets 2023-10-01 2024-09-30 08332191 e:CurrentFinancialInstruments 2024-09-30 08332191 e:CurrentFinancialInstruments 2023-09-30 08332191 e:Non-currentFinancialInstruments 2024-09-30 08332191 e:Non-currentFinancialInstruments 2023-09-30 08332191 e:CurrentFinancialInstruments e:WithinOneYear 2024-09-30 08332191 e:CurrentFinancialInstruments e:WithinOneYear 2023-09-30 08332191 e:Non-currentFinancialInstruments e:AfterOneYear 2024-09-30 08332191 e:Non-currentFinancialInstruments e:AfterOneYear 2023-09-30 08332191 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2024-09-30 08332191 e:Non-currentFinancialInstruments e:BetweenTwoFiveYears 2023-09-30 08332191 f:UnitedKingdom 2023-10-01 2024-09-30 08332191 f:UnitedKingdom 2022-03-27 2023-09-30 08332191 f:RestWorldOutsideUK 2023-10-01 2024-09-30 08332191 f:RestWorldOutsideUK 2022-03-27 2023-09-30 08332191 e:UKTax 2023-10-01 2024-09-30 08332191 e:UKTax 2022-03-27 2023-09-30 08332191 e:ShareCapital 2023-10-01 2024-09-30 08332191 e:ShareCapital 2024-09-30 08332191 e:ShareCapital 2023-09-30 08332191 e:ShareCapital 2022-03-27 08332191 e:RetainedEarningsAccumulatedLosses 2023-10-01 2024-09-30 08332191 e:RetainedEarningsAccumulatedLosses 2024-09-30 08332191 e:RetainedEarningsAccumulatedLosses 2022-03-27 2023-09-30 08332191 e:RetainedEarningsAccumulatedLosses 2023-09-30 08332191 e:RetainedEarningsAccumulatedLosses 2022-03-27 08332191 e:AcceleratedTaxDepreciationDeferredTax 2024-09-30 08332191 e:AcceleratedTaxDepreciationDeferredTax 2023-09-30 08332191 d:OrdinaryShareClass1 2023-10-01 2024-09-30 08332191 d:OrdinaryShareClass1 2024-09-30 08332191 d:OrdinaryShareClass1 2023-09-30 08332191 d:FRS102 2023-10-01 2024-09-30 08332191 d:Audited 2023-10-01 2024-09-30 08332191 d:FullAccounts 2023-10-01 2024-09-30 08332191 d:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 08332191 e:WithinOneYear 2024-09-30 08332191 e:WithinOneYear 2023-09-30 08332191 e:BetweenOneFiveYears 2024-09-30 08332191 e:BetweenOneFiveYears 2023-09-30 08332191 e:MoreThanFiveYears 2024-09-30 08332191 e:MoreThanFiveYears 2023-09-30 08332191 e:HirePurchaseContracts e:WithinOneYear 2024-09-30 08332191 e:HirePurchaseContracts e:WithinOneYear 2023-09-30 08332191 e:HirePurchaseContracts e:BetweenOneFiveYears 2024-09-30 08332191 e:HirePurchaseContracts e:BetweenOneFiveYears 2023-09-30 08332191 2 2023-10-01 2024-09-30 08332191 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2024-09-30 08332191 e:PlantMachinery e:LeasedAssetsHeldAsLessee 2023-09-30 08332191 g:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure

Registered number: 08332191










INTEGRATED SERVICE SOLUTIONS LIMITED










ANNUAL REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
COMPANY INFORMATION


Directors
P Beaumont 
K Sands 




Registered number
08332191



Registered office
London Road
Teynham

Sittingbourne

Kent

ME9 9PR




Independent auditors
Old Mill Audit Limited

Unit 2, Greenways Business Park

Bellinger Close

Chippenham

Wiltshire

England

SN15 1BN





 
INTEGRATED SERVICE SOLUTIONS LIMITED
 

CONTENTS



Page
Strategic report
1 - 2
Directors' report
3 - 6
Independent auditors' report
7 - 10
Statement of comprehensive income
11
Balance sheet
12
Statement of changes in equity
13
Notes to the financial statements
14 - 29


 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
STRATEGIC REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Introduction
 
The directors present their strategic report, which is followed by the directors' report, together with the audited financial statements for the period ended 30 September 2024.

Business review
 
The principal activities of Integrated Service Solutions Limited (“the Company”) are the packing, grading, ripening, storage, and warehousing of fresh produce.
The Company has continued to benefit from the success of the transparent supply chain model in which its customer’s operate, gaining additional retail customers and additional volume and also volume growth in value adding activities, contributing to success in the period. This increased volume, along with focussed cost control has enabled optimisation of existing structures and resources. 
During the period, we integrated our purchase of a major packing hub and invested significantly in the capability of the factory and the supporting IT infrastructure. Additionally, we have changed the management team who have delivered a culture of continuous improvement and beginning the journey of establishing a business of shared values with our key customers. We are pleased that we are now moving at pace to a well-managed efficient supply solution. As we operate in the world of efficient resilience, we are aware that more cost-effective capacity has become a critical requirement in our business and our team are working hard to fulfil this goal. 
The National Living Wage increase was enacted in April 2024 and this substantial increase is coupled with customer pressure to keep inflation low for consumers. ISS continues to work on cost mitigation initiatives to improve resilience around labour cost increases, exploring automation, new technology and process improvements.
The overall performance exceeded the directors’ expectations, and the outlook remains positive.

Principal risks and uncertainties
 
The directors and management team continually review and monitor the operational risk of the business.
The key risks in the current period are those faced by the wider UK food and manufacturing sectors, energy
pricing, labour scarcity and associated wage inflation.

Financial risk management
 
The directors consider the principal risk to the Company to be the impact on the supply chain due to climate
change.
The Company's financial instruments principally comprise of cash at bank and hire purchase loans from 3rd
parties. In addition, the Company has various other financial assets and liabilities such as trade debtors and
trade creditors arising directly from operations. It is and has been throughout the period under review, the
Company's policy that no speculative trading in financial instruments shall be undertaken.
The main risks arising from the Company's financial instruments are interest rates, liquidity risk and credit risk.
The Board reviews and agrees policies for managing each of these risks and they are summarised below. These policies have remained unchanged throughout the period.
I
nterest rate risk
The Company is exposed to fair value interest rate risk on it fixed rate borrowings. All borrowings are in GBP.

 
Page 1

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 

STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Liquidity Risk
The Company manages its cash requirements to ensure it has sufficient liquid resources to meet the operating
needs of the business.Third party trade debtors are reviewed regularly to ensure accounts do not fall overdue
and appropriate credit limited are adhered to.
Credit Risk
All customers are subject to credit verification procedures by the Board. Debtors are reviewed on a regular basis and a provision is made for doubtful debts when necessary.

Directors' statement of compliance with duty to promote the success of the Company
 
The success of our business is dependent on the support of all our stakeholders. It is imperative that our
stakeholders share and live our values, working towards our goals to deliver long-term sustainable success for
the business.
The directors of the Company are mindful of the impact their decisions may have on all our stakeholders and the consequent actions that are undertaken. The directors consider the reputation of all stakeholders in their
decisions and actions and act with a high standard of business conduct. The Company has individual
management and board meetings where applicable.
The key stakeholders in the Company and how we engage with them is detailed in the directors' report.
 

Financial key performance indicators
 
The key performance indicators of the Company are turnover and profit before tax. These
comparatives are 12 months to September 2024 vs 18 months to Sept 23. For the financial period they were:
Turnover £84m up from £77m in 2023.
Loss before tax £2.7m up from £3.8m loss in 2023.
 


This report was approved by the board on 26 June 2025 and signed on its behalf



P Beaumont
Director

Page 2

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
DIRECTORS' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2024

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

Directors' responsibilities statement

The directors are responsible for preparing the Strategic report, the Directors' report 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 applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), 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 of the profit or loss of the Company for that period.

 In preparing these financial statements, the directors are required to:


select suitable accounting policies for the Company's financial statements and then apply them consistently;

make judgments and accounting estimates that are reasonable and prudent;

state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;

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 transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Results and dividends

The loss for the year, after taxation, amounted to £2,939,244 (2023 - loss £2,750,510).

The directors do not propose the payment of a dividend.
The directors have highlighted in the strategic report on pages 1-2, a review of the current period results, future outlook expectations, risks and key performance indicators for the Company.

Directors

The directors who served during the year were:

P Beaumont 
M Kingston (resigned 16 February 2024)
M Newns (resigned 4 October 2024)
K Sands (appointed 22 April 2024)

Page 3

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Engagement with employees

The Company’s goal is to evolve an engaged, motivated and empowered group of employees that understand and embrace the Company values and objectives. The directors believe that people create the point of difference. The role of Head of People is key to the effectiveness of the Executive Team by elevating employee interests, so they are fully integrated into business strategy and decisions.
The directors engage with the business through regular board meetings with the executive management team and site visits. The executive management team engages with employees through team meetings, group briefings and where appropriate a one to one meeting on matters likely to affect their interests.
The Company seeks feedback from employees as individuals, using an anonymous employee engagement survey and consults with employees in groups using a regular, minuted, employee forum. This forum is made up of employee nominated representatives and includes at least one of the Company’s executive team. This enables Directors to gain timely feedback on the impact to employee interests due to decisions taken throughout the year.
Information on matters of concern to employees and workers is communicated through emailed information bulletins, toolbox talks, and posters displayed in multiple languages on noticeboards. These processes seek to achieve a common awareness on the part of all employees of the financial and economic factors affecting the Company's performance.

Section 172 Companies Act 2006 Statement

The board of directors, in line with their duties under section 172(1) of the Companies Act 2006, act individually and collectively in the way that they consider, in good faith, would be most likely to benefit all stakeholders of the business. 
Customers
We build strong long-term relationships with our customers and when possible, spend considerable time with them to listen to their needs, demands and views so that we can continually improve our business models. It is essential that our customers needs are intrinsic to the business models that operate through the Company as this is integral to evolve the long-term sustainable business we continually aspire to be. The nature of our business models mean that we see both the end consumer and our suppliers as equal and opposite ends of our supply chain. Consequently, they are all customers.
Communities and Environmental Impact
The Company recognises its potential to impact the community and the environment by:
Continuing to champion the removal of exploitation within teams and supply chains through engagement with Stronger Together and other stakeholders, focusing on responsible recruitment, training and practical tools to highlight and identify risks of Modern Slavery;
Continuing to work closely with stakeholders to remove unnecessary packaging within the supply chain and investing in resource to support this initiative. Where packaging is required considerations about the material and the weight of this material are considered in line with environmental impact; and .
Striving to reduce food waste within the supply chains by reviewing processes and activities with stakeholders. Where waste is unavoidable food is redistributed within the community through partners like Fareshare and inedible product is channeled into the wider food supply chain or waste to energy initiatives.
 
Page 4

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Inclusion & Development
We are committed to ensuring trust, transparency, and the respect of human rights across the supply chain. The shareholders and stakeholders are implicit in their support of upholding the highest standards of ethical trade. We aim to fully understanding our supply chains, the human rights risks that may exist within them and take appropriate actions to ensure that all people are protected, respected, and treated fairly.We are proud of our public commitment and annual statements that demonstrate a continually evolving, zero-tolerance approach to modern slavery and human trafficking in all of its forms.
Operating Responsibly
Our strategy to operate responsibly across the Company is aligned to three impact pillars that are at the core of our values and align to the international blueprint for sustainability the UN Sustainable Development Goals.
Product: We must protect food safety and integrity, whilst improving the impact of our product across the supply chain through innovation to eliminate food and packaging waste. We will collaborate and work in partnership to develop scalable solutions that can increase the circulatory of materials within the human consumption chain.
Plant: We must work towards a zero-carbon future and be net zero by 2035. Where possible we will evolve to low carbon precision production systems and maximise the yield for every metre of the planet we use, coupled with the lowest impact possible.
People: We support healthy eating in local communities and encourage the team to be healthy and happier. We must nurture talent at all levels and work in partnership with customers and suppliers to advocate for 30% of leadership positions to be occupied by women by 2030. All of the team should share in our success and be rewarded accordingly. This is underpinned by being ethical and transparent throughout the Company's activities or simply put, operating responsibly.

Disabled employees

We review our Global Diversity, Equity and Inclusion Policy annually and continue to work with external organisations to ensure inclusive practices and procedures are upheld across the Company, where we exercise fairness and ensure that people with disabilities are equally considered. We make reasonable adjustments for people with disabilities (including any colleagues who have become disabled) throughout their career with the Company and ensure our online materials, career site, policies and processes are inclusive of people with both visible and non-visible disabilities. For example, to support fair and objective performance management, we provide training and guidance for line managers that emphasises evaluating colleagues based on skills, capability and demonstrated performance. We also offer leaders and line managers (including those involved in the recruitment process) training covering unconscious bias awareness and mitigation strategies to ensure all are candidates and colleagues assessed based on their experience, merit and contributions

Qualifying third party indemnity provisions

The company does not have any qualifying third party indemnity provisions.

Greenhouse gas emissions, energy consumption and energy efficiency action

The disclosures are not required in these accounts as the company is a subsidiary undertaking and the information is included in the consolidated group accounts, Terradace Holdings Limited,  drawn up to the same period end date in which the group directors’ report includes the required disclosures.





Page 5

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Disclosure of information to auditors

Each of the persons who are directors at the time when this Directors' report is approved has confirmed that:
 
so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and

the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.

Post balance sheet events

There have been no significant events affecting the Company since the period end.

Auditors

During the year, the company appointed Old Mill Audit Limited as auditors, who will be proposed for reappointment in accordance with section 485 of the Companies Act 2006.

This report was approved by the board on 26 June 2025 and signed on its behalf.
 





P Beaumont
Director

Page 6

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INTEGRATED SERVICE SOLUTIONS LIMITED
 

Opinion


We have audited the financial statements of INTEGRATED SERVICE SOLUTIONS LIMITED (the 'Company') for the year ended 30 September 2024, which comprise the Statement of comprehensive income, the Balance sheet, the Statement of changes in equity and the related notes, including a summary of significant accounting policiesThe 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 Company's affairs as at 30 September 2024 and of its loss 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 Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council'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 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.


Page 7

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INTEGRATED SERVICE SOLUTIONS LIMITED (CONTINUED)


Other information


The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' report thereon. The directors are responsible for the other information contained within the Annual ReportOur 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. 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 course of 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.


Opinion 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 Strategic report and the Directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
the Strategic report and the Directors' report 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 Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic report or the Directors' report.


We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:


adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
the 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.


Responsibilities of directors
 

As explained more fully in the Directors' responsibilities statement set out on page 3, 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 is 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 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 Company or to cease operations, or have no realistic alternative but to do so.


Page 8

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INTEGRATED SERVICE SOLUTIONS LIMITED (CONTINUED)


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 an Auditors' report 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.


Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We gained an understanding of the legal and regulatory framework applicable to the company and the industry in which it operates, and considered the risk of acts by the company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that 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.
We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. We recognised specific food safety standards, external customer accreditations, environmental, health and safety standards to be significant laws and regulations to adhere to. Our tests included: 
- Agreeing the financial statement disclosures to underlying supporting documentation.
- Enquiries of management and those charged with governance.
- Review of meeting minutes
There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. We did not identify any key audit matters relating to irregularities, including fraud. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud.
 


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 Auditors' report.


Page 9

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INTEGRATED SERVICE SOLUTIONS LIMITED (CONTINUED)


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 2006Our 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 an Auditors' report 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.





Philip Mills MSc BA ACA 
Senior statutory auditor
for and on behalf of
Old Mill Audit Limited
Statutory Auditor
 
Unit 2, Greenways Business Park
Bellinger Close
Chippenham
Wiltshire
England
SN15 1BN

26 June 2025
Page 10

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 30 SEPTEMBER 2024

Year
 ended
30 September
18 months ended
30 September
2024
2023
Note
£
£

  

Turnover
 4 
84,245,905
77,207,017

Cost of sales
  
(55,460,665)
(51,944,197)

Gross profit
  
28,785,240
25,262,820

Administrative expenses
  
(31,310,899)
(28,834,264)

Other operating income
 5 
-
8,991

Operating loss
 6 
(2,525,659)
(3,562,453)

Interest receivable and similar income
 10 
-
19,157

Interest payable and similar expenses
 11 
(214,770)
(282,231)

Loss before tax
  
(2,740,429)
(3,825,527)

Tax on loss
 12 
(198,815)
1,075,017

Loss for the financial year
  
(2,939,244)
(2,750,510)

There was no other comprehensive income for 2024 (2023:£NIL).

The notes on pages 14 to 29 form part of these financial statements.

Page 11

 
INTEGRATED SERVICE SOLUTIONS LIMITED
REGISTERED NUMBER: 08332191

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 13 
9,413,845
7,922,805

  
9,413,845
7,922,805

Current assets
  

Stocks
 14 
3,525,590
2,415,602

Debtors: amounts falling due within one year
 15 
14,730,247
7,128,698

Cash at bank and in hand
  
2,424,865
1,123,645

  
20,680,702
10,667,945

Creditors: amounts falling due within one year
 16 
(16,993,083)
(12,710,892)

Net current assets/(liabilities)
  
 
 
3,687,619
 
 
(2,042,947)

Total assets less current liabilities
  
13,101,464
5,879,858

Creditors: amounts falling due after more than one year
 17 
(1,990,096)
(2,839,661)

Provisions for liabilities
  

Deferred tax
 20 
(480,000)
-

  
 
 
(480,000)
 
 
-

Net assets
  
10,631,368
3,040,197


Capital and reserves
  

Called up share capital 
 21 
11,330,415
800,000

Profit and loss account
 22 
(699,047)
2,240,197

  
10,631,368
3,040,197


The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 June 2025.




P Beaumont
Director

The notes on pages 14 to 29 form part of these financial statements.

Page 12

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 SEPTEMBER 2024


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 March 2022
800,000
4,990,707
5,790,707


Comprehensive income for the period

Loss for the period
-
(2,750,510)
(2,750,510)



At 1 October 2023
800,000
2,240,197
3,040,197


Comprehensive income for the year

Loss for the year
-
(2,939,244)
(2,939,244)


Contributions by and distributions to owners

Shares issued during the year
10,530,415
-
10,530,415


At 30 September 2024
11,330,415
(699,047)
10,631,368


The notes on pages 14 to 29 form part of these financial statements.

Page 13

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

The company is a private company limited by shares, and is incorporated in England and Wales. The address of its registered office is London Road, Teynham, Sittingbourne, Kent, ME9 9PR. This is also the principal trading address.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).

The following principal accounting policies have been applied:

 
2.2

Financial Reporting Standard 102 - reduced disclosure exemptions

The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
the requirements of Section 7 Statement of Cash Flows;
the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
the requirements of Section 33 Related Party Disclosures paragraph 33.7.

This information is included in the consolidated financial statements of Terradace Holdings Limited as at 30 September 2024 and these financial statements may be obtained from 14th Floor, 33 Cavendish Square, London, W1G 0PW.

Page 14

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.3

Foreign currency translation

Functional and presentation currency

The financial statements are prepared in GBP, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing 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 period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

 
2.4

Turnover

Rendering of services
Turnover from a contract to pack, grade, ripen, store, and warehouse fresh produce is recognised in the period in which the service is provided to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated 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.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.

Page 15

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.5
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
Up to 10 years
Computer equipment
-
Up to 5 years

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.

 
2.6

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.7

Leased assets: the Company as lessee

Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis.

 
2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 90 days.

 
2.10

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.11

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 16

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.12

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.13

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 17

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.14

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Company's Balance sheet when the Company becomes party to the contractual provisions of the instrument.

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, 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.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Impairment of financial assets

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. 

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Page 18

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)


2.14
Financial instruments (continued)



Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the Company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the Company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Company's contractual obligations expire or are discharged or cancelled.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

Estimates and judgments are continually evaluated by the directors and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
The company makes estimates and assumptions concerning the future. Actual results may differ from these estimates. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
The estimates and assumptions that have a significant risk of causing material adjustment to the carrying amounts of assets and liabilities within the next financial year are addressed below:
Tangible fixed asset depreciation
The company depreciates its tangible fixed assets over their estimated useful lives, to an estimated residual value. Management use their knowledge of market conditions, historic experience and estimates of future market conditions to asses the expected useful lives and residual values of their assets. 

Page 19

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4.


Turnover

The total turnover of the company for the period has been derived from the rendering of services as per its principal activity.

Analysis of turnover by country of destination:

Year
 ended
30 September
18 months ended
30 September
2024
2023
£
£

United Kingdom
73,579,667
76,471,412

Rest of the world
10,666,238
735,605

84,245,905
77,207,017



5.


Other operating income

Year
 ended
30 September
18 months ended
30 September
2024
2023
£
£

Insurance claims receivable
-
8,991



6.


Operating loss

The operating loss is stated after charging:

Year
 ended
30 September
18 months ended
30 September
2024
2023
£
£

Depreciation charged on owned assets
2,034,441
2,165,417

Depreciation charged on leased assets
1,212,956
1,762,798

Defined contribution pension cost
401,921
417,783

Operating lease rentals
2,882,784
2,334,519

Profit/(loss) on disposal of fixed assets
-
(157,717)

Page 20

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

7.


Auditors' remuneration

During the year, the Company obtained the following services from the Company's auditors and their associates:


Year
 ended
30 September
18 months ended
30 September
2024
2023
£
£

Fees payable to the Company's auditors and their associates for the audit of the Company's financial statements
28,000
26,250


8.


Employees

Staff costs, including directors' remuneration, were as follows:


Year
 ended
30 September
18 months ended
30 September
2024
2023
£
£

Wages and salaries
45,840,819
33,844,647

Social security costs
1,840,911
1,753,860

Cost of defined contribution scheme
401,921
417,783

48,083,651
36,016,290


The average monthly number of employees, including the directors, during the year was as follows:


      Year ended
     30 September
   18 months ended
     30 September
        2024
        2023
            No.
            No.







Production and packing
839
743



Management and administration
35
46

874
789

Page 21

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

9.


Directors' remuneration

Year
 ended
30 September
18 months ended
30 September
2024
2023
£
£

Directors' emoluments
-
397,594

Company contributions to defined contribution pension schemes
-
38,160

-
435,754


During the year retirement benefits were accruing to no directors (2023 - 2) in respect of defined contribution pension schemes.


10.


Interest receivable

Year
 ended
30 September
18 months ended
30 September
2024
2023
£
£


Other interest receivable
-
19,157


11.


Interest payable and similar expenses

Year 
ended
30 September
18 months ended
30 September
2024
2023
£
£


Other loan interest payable
21,260
33,803

Finance leases and hire purchase contracts
193,510
248,428

214,770
282,231

Page 22

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

12.


Taxation


Year
ended
30 September
18 months ended
30 September
2024
2023
£
£

Corporation tax


Adjustments in respect of previous periods
-
(17)


Group taxation relief
(281,185)
(620,000)


Total current tax
(281,185)
(620,017)

Deferred tax


Origination and reversal of timing differences
480,000
(455,000)

Total deferred tax
480,000
(455,000)


Tax on loss
198,815
(1,075,017)
Page 23

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024
 
12.Taxation (continued)


Factors affecting tax charge for the year/period

The tax assessed for the year/period is higher than (2023 - lower than) the applicable rate of corporation tax in the UK of 25% (2023 - 21%). The differences are explained below:

Year ended
30 September
18 months ended
30 September
2024
2023
£
£


Loss on ordinary activities before tax
(2,740,429)
(3,825,527)


Loss on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2023 - 21%)
(685,107)
(803,361)

Effects of:


Expenses not deductible for tax purposes
12,090
39,424

Capital allowances for year/period in excess of depreciation
514,747
(389,164)

Short-term timing difference leading to an increase (decrease) in taxation
13,854
-

Under/(over) provided in prior years
-
(17)

Non-taxable income
(39,474)
-

Unrecognised tax losses carried forward
-
38,722

Change in tax rates
-
39,379

Group relief receipt
(281,185)
(620,000)

Losses surrendered for group relief
663,890
620,000

Total tax charge for the year/period
198,815
(1,075,017)


Factors that may affect future tax charges

The company has estimated tax losses of £3.7m (2023 - £3.7m ) to carry forward against future profits. These losses in part offset against the Company's deferred tax liability arising from capital allowances. The balance of any losses available to offset against future trading profits is estimated at £nil (2023 -
£184,350). No deferred tax asset has been recognised in respect of the losses arising due to the uncertainty as to when the asset will be recovered.

Page 24

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

13.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost


At 1 October 2023
15,358,874
2,082,257
17,441,131


Additions
1,654,194
1,139,213
2,793,407


Transfers intra group
1,679,822
445,208
2,125,030



At 30 September 2024

18,692,890
3,666,678
22,359,568



Depreciation


At 1 October 2023
8,497,576
1,020,750
9,518,326


Charge for the year on owned assets
2,781,868
645,529
3,427,397



At 30 September 2024

11,279,444
1,666,279
12,945,723



Net book value



At 30 September 2024
7,413,446
2,000,399
9,413,845



At 30 September 2023
6,861,298
1,061,507
7,922,805

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2024
2023
£
£



Plant and machinery
3,022,751
4,398,905

Finance leases

These same assets are pledged as security for the finance lease creditors.


14.


Stocks

2024
2023
£
£

Raw materials and consumables
3,525,590
2,415,602


Page 25

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

15.


Debtors

2024
2023
£
£


Trade debtors
9,066,226
5,779,441

Amounts owed by group undertakings
1,626,283
-

Other debtors
622,005
468,156

Prepayments and accrued income
3,415,733
881,101

14,730,247
7,128,698



16.


Creditors: Amounts falling due within one year

2024
2023
£
£

Other loans
402,744
1,180,127

Trade creditors
8,443,086
2,965,512

Amounts owed to group undertakings
180,365
4,315,177

Other taxation and social security
688,555
849,138

Obligations under finance lease and hire purchase contracts
1,287,858
1,216,232

Other creditors
324,863
84,707

Accruals and deferred income
5,665,612
2,099,999

16,993,083
12,710,892


Obligations under finance leases are secured on the assets they relate to.
The finance leases primarily relate to fruit processing and packaging equipment. The remaining lease terms are not later than 5 years.

Page 26

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

17.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Other loans
-
79,812

Net obligations under finance leases and hire purchase contracts
1,990,096
2,381,315

Amounts owed to group undertakings
-
378,534

1,990,096
2,839,661


Obligations under finance leases are secured on the assets they relate to.
The finance leases primarily relate to fruit processing and packaging equipment. The remaining lease terms are not later than 5 years.


18.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Other loans
402,744
1,180,127


Amounts falling due 2-5 years

Other loans
-
79,812


402,744
1,259,939



19.


Hire purchase and finance leases


Minimum lease payments under hire purchase fall due as follows:

2024
2023
£
£


Within one year
1,422,240
1,359,642

Between 1-5 years
2,104,887
2,649,717

3,527,127
4,009,359

Page 27

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

20.


Deferred taxation




2024


£






Charged to profit or loss
480,000



At end of year
480,000

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
480,000
-


21.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



11,330,415 (2023 - 800,000) Ordinary shares of £1.00 each
11,330,415
800,000

During the year, company has allotted and issued 10,530,415 Ordinary shares with an aggregate nominal
value of £10,530,415.
There is a single class of Ordinary shares. There are no restrictions on distribution of dividends and the
repayment of capital.



22.


Reserves

Profit and loss account

This comprises profits available for distribution.


23.


Financial guarantee

At the balance sheet date the company had entered into group bank cross guarantees in respect of loans
and overdrafts. At the balance sheet date the total group facility amounted to £28,110,643 (2023- £21,654,893).

Page 28

 
INTEGRATED SERVICE SOLUTIONS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

24.


Commitments under operating leases

At 30 September 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
1,156,750
1,378,000

Later than 1 year and not later than 5 years
4,332,000
4,405,750

Later than 5 years
4,061,250
5,144,250

9,550,000
10,928,000


25.


Related party transactions

During the period, the company traded with fellow non-wholly owned subsidiary undertakings and made sales of £18,470,481 (2023 - £6,722,129).
At the balance sheet date, included within trade debtors is an amount owed by group undertakings of £7,321,212 (2023 - £5,691,304).
At the balance sheet date, included within trade creditors is an amount owed to group undertakings of £4,021,563 (2023 - £1,080,062).


26.


Controlling party

Terradace Holdings Limited is considered to be the Company's immediate and ultimate parent Company and P Beaumont is considered to be the majority shareholder by virtue of his shareholding in Terradace
Holdings Limited
The results of the company are included within the consolidated accounts of Terradace Holdings Limited which are available to the public and may be obtained from 14th Floor, 33 Cavendish Square, London, W1G 0PW.

 
Page 29