IRIS Accounts Production v25.2.0.378 04072568 director 1.10.23 30.9.24 30.9.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh040725682023-09-30040725682024-09-30040725682023-10-012024-09-30040725682022-09-30040725682022-10-012023-09-30040725682023-09-3004072568ns15:EnglandWales2023-10-012024-09-3004072568ns14:PoundSterling2023-10-012024-09-3004072568ns10:Director12023-10-012024-09-3004072568ns10:PrivateLimitedCompanyLtd2023-10-012024-09-3004072568ns10:SmallEntities2023-10-012024-09-3004072568ns10:AuditExemptWithAccountantsReport2023-10-012024-09-3004072568ns10:SmallCompaniesRegimeForDirectorsReport2023-10-012024-09-3004072568ns10:SmallCompaniesRegimeForAccounts2023-10-012024-09-3004072568ns10:FullAccounts2023-10-012024-09-3004072568ns10:RegisteredOffice2023-10-012024-09-3004072568ns5:CurrentFinancialInstruments2024-09-3004072568ns5:CurrentFinancialInstruments2023-09-3004072568ns5:ShareCapital2024-09-3004072568ns5:ShareCapital2023-09-3004072568ns5:RevaluationReserve2024-09-3004072568ns5:RevaluationReserve2023-09-3004072568ns5:RetainedEarningsAccumulatedLosses2024-09-3004072568ns5:RetainedEarningsAccumulatedLosses2023-09-3004072568ns5:LandBuildings2023-10-012024-09-3004072568ns5:PlantMachinery2023-10-012024-09-3004072568ns5:LandBuildings2023-09-3004072568ns5:PlantMachinery2023-09-3004072568ns5:LandBuildings2024-09-3004072568ns5:PlantMachinery2024-09-3004072568ns5:LandBuildings2023-09-3004072568ns5:PlantMachinery2023-09-3004072568ns5:WithinOneYearns5:CurrentFinancialInstruments2024-09-3004072568ns5:WithinOneYearns5:CurrentFinancialInstruments2023-09-3004072568ns5:RetainedEarningsAccumulatedLosses2023-09-3004072568ns5:RevaluationReserve2023-09-3004072568ns5:RetainedEarningsAccumulatedLosses2023-10-012024-09-30
REGISTERED NUMBER: 04072568 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024

FOR

INGOSPEC COMMERCIAL LIMITED

INGOSPEC COMMERCIAL LIMITED (REGISTERED NUMBER: 04072568)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Report of the Accountants 5

INGOSPEC COMMERCIAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2024







DIRECTOR: R J Peers





REGISTERED OFFICE: 23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA





REGISTERED NUMBER: 04072568 (England and Wales)





ACCOUNTANTS: Bytheway & Co Accountants Ltd
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA

INGOSPEC COMMERCIAL LIMITED (REGISTERED NUMBER: 04072568)

BALANCE SHEET
30 SEPTEMBER 2024

30/9/24 30/9/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 391,874 625,348

CURRENT ASSETS
Debtors 5 1,411 1,756
Cash at bank and in hand 3,282 2,585
4,693 4,341
CREDITORS
Amounts falling due within one year 6 47,873 393,323
NET CURRENT LIABILITIES (43,180 ) (388,982 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

348,694

236,366

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 7 33,059 33,059
Retained earnings 7 315,535 203,207
SHAREHOLDERS' FUNDS 348,694 236,366

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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 director and authorised for issue on 23 July 2025 and were signed by:





R J Peers - Director


INGOSPEC COMMERCIAL LIMITED (REGISTERED NUMBER: 04072568)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1. STATUTORY INFORMATION

Ingospec Commercial 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - not provided
Plant and machinery etc - not provided

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

INGOSPEC COMMERCIAL LIMITED (REGISTERED NUMBER: 04072568)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 October 2023 599,005 26,343 625,348
Disposals (233,474 ) - (233,474 )
At 30 September 2024 365,531 26,343 391,874
NET BOOK VALUE
At 30 September 2024 365,531 26,343 391,874
At 30 September 2023 599,005 26,343 625,348

Cost or valuation at 30 September 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2020 365,531 26,343 391,874

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Other debtors 1,411 1,756

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/9/24 30/9/23
£    £   
Trade creditors - (1 )
Taxation and social security 9,891 3,265
Other creditors 37,982 390,059
47,873 393,323

7. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 October 2023 203,207 33,059 236,266
Profit for the year 112,328 - 112,328
At 30 September 2024 315,535 33,059 348,594

INGOSPEC COMMERCIAL LIMITED

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
INGOSPEC COMMERCIAL LIMITED

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 September 2024 set out on pages one to seven and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Bytheway & Co Accountants Ltd
23 Bilston Street
Sedgley
Dudley
West Midlands
DY3 1JA


23 July 2025