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Company Registration No. 01539451 (England and Wales)
Interclamp Ltd Unaudited accounts for the year ended 31 October 2024
Interclamp Ltd Unaudited accounts Contents
Page
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Interclamp Ltd Company Information for the year ended 31 October 2024
Directors
R Robertson Grainger Endeavours Ltd
Secretary
R L Claydon
Company Number
01539451 (England and Wales)
Registered Office
Units A & B Meyrick Owen Way Pembroke Dock Pembs SA72 6WS Wales
Accountants
Ann Stephens & Co The Lodge Allensbank Narberth Pembs SA67 8RF
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Interclamp Ltd Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,223,106 
1,145,253 
Investments
372,750 
372,750 
1,595,856 
1,518,003 
Current assets
Inventories
2,793,353 
2,969,486 
Debtors
4,561,359 
2,274,697 
Investments
1,000,000 
2,942,160 
Cash at bank and in hand
1,958,700 
1,675,451 
10,313,412 
9,861,794 
Creditors: amounts falling due within one year
(620,611)
(902,126)
Net current assets
9,692,801 
8,959,668 
Total assets less current liabilities
11,288,657 
10,477,671 
Creditors: amounts falling due after more than one year
- 
(57,255)
Provisions for liabilities
Deferred tax
(24,829)
(24,829)
Net assets
11,263,828 
10,395,587 
Capital and reserves
Called up share capital
60,000 
60,000 
Profit and loss account
11,203,828 
10,335,587 
Shareholders' funds
11,263,828 
10,395,587 
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 July 2025 and were signed on its behalf by
R Robertson Director Company Registration No. 01539451
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Interclamp Ltd Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
Interclamp Ltd is a private company, limited by shares, registered in England and Wales, registration number 01539451. The registered office is Units A & B, Meyrick Owen Way, Pembroke Dock, Pembs, SA72 6WS, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities, the Financial Reporting Standard applicable in the UK and the Republic of Ireland. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling which is the functional currency of the Company and are rounded to the nearest £.
Investment property
IInvestment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference n the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised is the Statement of Comprehensive Income.
Investments
Investments in subsidiaries are measured at cost less accumulated impairment. Investments in unlisted Company shares whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment. Investments in listed company shares are measure at market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the profit or loss for the period.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Interclamp Ltd Notes to the Accounts for the year ended 31 October 2024
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
950,227 
437,274 
442,240 
220,106 
2,049,847 
Additions
- 
18,715 
179,757 
18,984 
217,456 
Disposals
- 
- 
(143,734)
- 
(143,734)
At 31 October 2024
950,227 
455,989 
478,263 
239,090 
2,123,569 
Depreciation
At 1 November 2023
- 
341,173 
368,793 
194,628 
904,594 
Charge for the year
- 
28,704 
41,909 
11,116 
81,729 
On disposals
- 
- 
(85,860)
- 
(85,860)
At 31 October 2024
- 
369,877 
324,842 
205,744 
900,463 
Net book value
At 31 October 2024
950,227 
86,112 
153,421 
33,346 
1,223,106 
At 31 October 2023
950,227 
96,101 
73,447 
25,478 
1,145,253 
Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference n the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised is the Statement of Comprehensive Income.
6
Investments
Other investments 
£ 
Valuation at 1 November 2023
372,750 
Valuation at 31 October 2024
372,750 
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Interclamp Ltd Notes to the Accounts for the year ended 31 October 2024
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
1,558,617 
1,132,518 
Other debtors
3,002,742 
1,142,179 
4,561,359 
2,274,697 
8
Investments held as current assets
2024 
2023 
£ 
£ 
Listed investments
1,000,000 
2,942,160 
9
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
221,578 
236,194 
Trade creditors
45,009 
128,651 
Taxes and social security
271,839 
282,357 
Other creditors
82,185 
40,000 
Loans from directors
- 
214,924 
620,611 
902,126 
10
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
- 
57,255 
11
Transactions with related parties
During the year under review the company continued to lease premises on a full repair lease at a fair market value. This property is owned by Miss E A Grainger, a major shareholder.
12
Average number of employees
During the year the average number of employees was 20 (2023: 20).
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