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REGISTERED NUMBER: 04308761 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

I.D. ASBESTOS LTD

I.D. ASBESTOS LTD (REGISTERED NUMBER: 04308761)






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


I.D. ASBESTOS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2024







DIRECTORS: Mr J P Avery
Mrs S D S Avery





REGISTERED OFFICE: 54 Thorpe Road
Norwich
Norfolk
NR1 1RY





REGISTERED NUMBER: 04308761 (England and Wales)






I.D. ASBESTOS LTD (REGISTERED NUMBER: 04308761)

BALANCE SHEET
31 DECEMBER 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 332,097 333,320

CURRENT ASSETS
Stocks 6,175 6,250
Debtors 5 30,319 36,843
Prepayments and accrued income 18,922 12,130
Cash at bank and in hand 133,094 230,189
188,510 285,412
CREDITORS
Amounts falling due within one year 6 192,114 225,761
NET CURRENT (LIABILITIES)/ASSETS (3,604 ) 59,651
TOTAL ASSETS LESS CURRENT
LIABILITIES

328,493

392,971

CREDITORS
Amounts falling due after more than one
year

7

(138,898

)

(147,698

)

PROVISIONS FOR LIABILITIES (13,090 ) (13,396 )

ACCRUALS AND DEFERRED INCOME (9,884 ) (3,216 )
NET ASSETS 166,621 228,661

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 166,521 228,561
SHAREHOLDERS' FUNDS 166,621 228,661

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.

I.D. ASBESTOS LTD (REGISTERED NUMBER: 04308761)

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 27 June 2025 and were signed on its behalf by:





Mr J P Avery - Director


I.D. ASBESTOS LTD (REGISTERED NUMBER: 04308761)

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

1. STATUTORY INFORMATION

I.D. Asbestos Ltd 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.

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.

The accounts have been prepared on a going concern basis.

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.
Improvements to office - Straight line over 8 years
Fixtures & fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office equipment - 15% on reducing balance

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 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.

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.

I.D. ASBESTOS LTD (REGISTERED NUMBER: 04308761)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 9 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
Premises to office & fittings
£    £    £   
COST
At 1 January 2024 279,736 2,664 99,454
Additions - - 5,717
At 31 December 2024 279,736 2,664 105,171
DEPRECIATION
At 1 January 2024 - 2,664 69,398
Charge for year - - 5,366
At 31 December 2024 - 2,664 74,764
NET BOOK VALUE
At 31 December 2024 279,736 - 30,407
At 31 December 2023 279,736 - 30,056

Motor Office
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 90,764 31,139 503,757
Additions - 4,155 9,872
At 31 December 2024 90,764 35,294 513,629
DEPRECIATION
At 1 January 2024 74,995 23,380 170,437
Charge for year 3,942 1,787 11,095
At 31 December 2024 78,937 25,167 181,532
NET BOOK VALUE
At 31 December 2024 11,827 10,127 332,097
At 31 December 2023 15,769 7,759 333,320

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,319 36,843

I.D. ASBESTOS LTD (REGISTERED NUMBER: 04308761)

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

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,460 7,992
Trade creditors 22,323 12,744
Taxation and social security 68,426 85,692
Other creditors 92,905 119,333
192,114 225,761

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 138,898 147,698

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 105,058 115,730

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 9,081 9,081
Between one and five years 6,811 15,892
15,892 24,973

9. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.