Company Registration No. 01539451 (England and Wales)
Interclamp Ltd
Unaudited accounts
for the year ended 31 October 2024
Interclamp Ltd
Unaudited accounts
Contents
Interclamp Ltd
Company Information
for the year ended 31 October 2024
Directors
R Robertson
Grainger Endeavours Ltd
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
Interclamp Ltd
Statement of financial position
as at 31 October 2024
Tangible assets
1,223,106
1,145,253
Investments
372,750
372,750
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
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
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
Interclamp Ltd
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling which is the functional currency of the Company and are rounded to the nearest £.
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 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
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.
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.
Interclamp Ltd
Notes to the Accounts
for the year ended 31 October 2024
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 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.
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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
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
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.
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Investments
Other investments
Valuation at 1 November 2023
372,750
Valuation at 31 October 2024
372,750
Interclamp Ltd
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
1,558,617
1,132,518
Other debtors
3,002,742
1,142,179
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
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
10
Creditors: amounts falling due after more than one year
2024
2023
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).