IRIS Accounts Production v25.2.0.378 02337097 Board of Directors 1.5.24 30.4.25 30.4.25 11.8.25 false true false false true false Auditors Opinion Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh023370972024-04-30023370972025-04-30023370972024-05-012025-04-30023370972023-04-30023370972023-05-012024-04-30023370972024-04-3002337097ns15:EnglandWales2024-05-012025-04-3002337097ns14:PoundSterling2024-05-012025-04-3002337097ns10:Director12024-05-012025-04-3002337097ns10:PrivateLimitedCompanyLtd2024-05-012025-04-3002337097ns10:SmallEntities2024-05-012025-04-3002337097ns10:Audited2024-05-012025-04-3002337097ns10:SmallCompaniesRegimeForDirectorsReport2024-05-012025-04-3002337097ns10:SmallCompaniesRegimeForAccounts2024-05-012025-04-3002337097ns10:FullAccounts2024-05-012025-04-3002337097ns10:OrdinaryShareClass12024-05-012025-04-3002337097ns10:Director22024-05-012025-04-3002337097ns10:RegisteredOffice2024-05-012025-04-3002337097ns5:CurrentFinancialInstruments2025-04-3002337097ns5:CurrentFinancialInstruments2024-04-3002337097ns5:ShareCapital2025-04-3002337097ns5:ShareCapital2024-04-3002337097ns5:RetainedEarningsAccumulatedLosses2025-04-3002337097ns5:RetainedEarningsAccumulatedLosses2024-04-3002337097ns5:LeaseholdImprovements2024-05-012025-04-3002337097ns5:PlantMachinery2024-05-012025-04-3002337097ns5:FurnitureFittings2024-05-012025-04-3002337097ns5:MotorVehicles2024-05-012025-04-3002337097ns5:ComputerEquipment2024-05-012025-04-3002337097ns5:LeaseholdImprovements2024-04-3002337097ns5:PlantMachinery2024-04-3002337097ns5:FurnitureFittings2024-04-3002337097ns5:LeaseholdImprovements2025-04-3002337097ns5:PlantMachinery2025-04-3002337097ns5:FurnitureFittings2025-04-3002337097ns5:LeaseholdImprovements2024-04-3002337097ns5:PlantMachinery2024-04-3002337097ns5:FurnitureFittings2024-04-3002337097ns5:MotorVehicles2024-04-3002337097ns5:ComputerEquipment2024-04-3002337097ns5:MotorVehicles2025-04-3002337097ns5:ComputerEquipment2025-04-3002337097ns5:MotorVehicles2024-04-3002337097ns5:ComputerEquipment2024-04-3002337097ns5:WithinOneYearns5:CurrentFinancialInstruments2025-04-3002337097ns5:WithinOneYearns5:CurrentFinancialInstruments2024-04-3002337097ns5:WithinOneYear2025-04-3002337097ns5:WithinOneYear2024-04-3002337097ns5:BetweenOneFiveYears2025-04-3002337097ns5:BetweenOneFiveYears2024-04-3002337097ns5:AllPeriods2025-04-3002337097ns5:AllPeriods2024-04-3002337097ns10:OrdinaryShareClass12025-04-30
REGISTERED NUMBER: 02337097 (England and Wales)















ISTEC SERVICES LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2025






ISTEC SERVICES LIMITED (REGISTERED NUMBER: 02337097)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ISTEC SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2025







DIRECTORS: M J Coulson
A Quelch





REGISTERED OFFICE: King Edward House
8 Bluecoats Avenue
Hertford
Hertfordshire
SG14 1PB





REGISTERED NUMBER: 02337097 (England and Wales)





AUDITORS: Duncan & Toplis Audit Limited, Statutory Auditor
3 Castlegate
Grantham
Lincolnshire
NG31 6SF

ISTEC SERVICES LIMITED (REGISTERED NUMBER: 02337097)

BALANCE SHEET
30 APRIL 2025

2025 2024
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 20,981 26,745

CURRENT ASSETS
Stocks 1,785,235 1,423,791
Debtors 5 2,616,918 1,528,214
Cash at bank and in hand 3,387,313 4,195,677
7,789,466 7,147,682
CREDITORS
Amounts falling due within one year 6 1,191,610 600,056
NET CURRENT ASSETS 6,597,856 6,547,626
TOTAL ASSETS LESS CURRENT LIABILITIES 6,618,837 6,574,371

PROVISIONS FOR LIABILITIES 3,906 3,906
NET ASSETS 6,614,931 6,570,465

CAPITAL AND RESERVES
Called up share capital 8 1,000 1,000
Retained earnings 6,613,931 6,569,465
SHAREHOLDERS' FUNDS 6,614,931 6,570,465

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 August 2025 and were signed on its behalf by:





A Quelch - Director


ISTEC SERVICES LIMITED (REGISTERED NUMBER: 02337097)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2025

1. STATUTORY INFORMATION

Istec Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Key source of estimation, uncertainty and judgement
The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating deferred tax. A review of the provision for future taxation is carried out by management. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when the asset is disposed off.

There is estimation uncertainty in calculating stock provision. A review of stock is carried out at the year end. Whilst every attempt is made to ensure that the stock provision is as accurate as possible, there remains a risk that the provision does not match the level of stock which ultimately prove to be obsolete.

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.
Leasehold and improvements - over the length of the lease
Plant and machinery - 15% on reducing balance and 10% on cost
Fixtures, fittings and office equipment - 20% on cost and 15% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.


ISTEC SERVICES LIMITED (REGISTERED NUMBER: 02337097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Foreign currencies
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 rate of exchange ruling at the date of transaction, unless the transaction is subject to a contractual rate, in which case the contractual rate is used. Exchange differences are taken into account in arriving at the operating result.

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.

Operating leases
Rentals under operating leases are charged to the Profit and Loss Account on a straight line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 24 (2024 - 24 ) .

ISTEC SERVICES LIMITED (REGISTERED NUMBER: 02337097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

4. TANGIBLE FIXED ASSETS
Fixtures,
fittings
Leasehold and
and Plant and office
improvements machinery equipment
£    £    £   
COST
At 1 May 2024 79,361 10,258 43,910
Additions - - -
At 30 April 2025 79,361 10,258 43,910
DEPRECIATION
At 1 May 2024 79,361 7,199 43,391
Charge for year - 459 73
At 30 April 2025 79,361 7,658 43,464
NET BOOK VALUE
At 30 April 2025 - 2,600 446
At 30 April 2024 - 3,059 519

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 May 2024 33,908 89,394 256,831
Additions - 1,665 1,665
At 30 April 2025 33,908 91,059 258,496
DEPRECIATION
At 1 May 2024 12,716 87,419 230,086
Charge for year 5,298 1,599 7,429
At 30 April 2025 18,014 89,018 237,515
NET BOOK VALUE
At 30 April 2025 15,894 2,041 20,981
At 30 April 2024 21,192 1,975 26,745

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 2,131,588 926,140
Tax (14,710 ) 119,821
Corporation tax recoverable 188,230 -
Prepayments 311,810 482,253
2,616,918 1,528,214

ISTEC SERVICES LIMITED (REGISTERED NUMBER: 02337097)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 666,494 355,640
Amounts owed to group undertakings 3,200 1,600
Social security and other taxes 43,300 95,340
VAT 74,199 4,864
Other Creditors 161,460 82,958
Accruals 242,957 59,654
1,191,610 600,056

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2025 2024
£    £   
Within one year 167,676 167,676
Between one and five years 81,784 249,460
249,460 417,136

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1,000 Ordinary £1 1,000 1,000

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Hassan Behcet (Senior Statutory Auditor)
for and on behalf of Duncan & Toplis Audit Limited, Statutory Auditor

10. RELATED PARTY DISCLOSURES

The following transactions took place during the year between Istec Services Limited and Istec Consultants:

2025 2024
Charge for Use of Designs from Istec Consultants
to Istec Services Limited £151,976 £134,379


The balance owed to Istec Consultants at the 30th April 2025 was £161,522 (2024: £82,958).

Mr M.J.Coulson is the sole proprietor in Istec Consultants.

During the year the company leased it's office premises from Mr M J Coulson, director, and his pension scheme on a commercial basis. The rent payable to Mr M J Coulson and his pension scheme during the year in respect of this lease was £90,000 (2024: £90,000).