IY COMMISSIONING LIMITED


Director	Ian Young


Registered Address	7 Oakley Hay Lodge
	Great Fold Road
	Corby
	NN18 9AS


Registered Number	11249288 (England and Wales)

Notes to the Financial Statements
for the year ended 31 March 2025

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Functional and presentation currency
	The financial statements are presented in sterling and this is the functional currency of the company.

	Turnover policy
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Current taxation
	Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

Current taxation

Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income.

Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Plant and machinery	4
	Fixtures and fittings	4
	Vehicles	4
	Office Equipment	4

	Finance leases and hire purchase contracts
	Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.

2.	Average number of employees


		2025		2024
	Average number of employees during the year	16		11

3.	Tangible fixed assets

	Plant & machinery	Vehicles	Fixtures & fittings	Office Equipment	Total
	£	£	£	£	£
Cost or valuation
At 01 April 24	16,037	406,759	10,915	22,866	456,577
Additions	-	98,953	5,517	4,612	109,082
Disposals	-	(202,400)	-	(5,738)	(208,138)
At 31 March 25	16,037	303,312	16,432	21,740	357,521
Depreciation and impairment
At 01 April 24	5,345	151,977	7,283	10,546	175,151
Charge for year	4,009	97,403	2,088	5,622	109,122
On disposals	-	(115,269)	-	(4,658)	(119,927)
At 31 March 25	9,354	134,111	9,371	11,510	164,346
Net book value
At 31 March 25	6,683	169,201	7,061	10,230	193,175
At 31 March 24	10,692	254,782	3,632	12,320	281,426

4.	Debtors: amounts due within one year

	2025	2024
	£	£
Trade debtors / trade receivables	151,259	127,210
Other debtors	433,418	454,886
Prepayments and accrued income	-	3,035
Total	584,677	585,131

5.	Creditors: amounts due within one year

	2025	2024
	£	£
Trade creditors / trade payables	44,067	12,424
Bank borrowings and overdrafts	17,663	29,378
Taxation and social security	7,754	16,183
Finance lease and HP contracts	45,881	36,528
Other creditors	1,959	1,674
Accrued liabilities and deferred income	950	4,316
Total	118,274	100,503

6.	Creditors: amounts due after one year

	2025	2024
	£	£
Bank borrowings and overdrafts	61,998	78,982
Other creditors	172,537	177,924
Total	234,535	256,906

7.	Obligations under finance leases

		2025		2024
		£		£
	Finance lease and HP contracts	218,418		214,453

8.	Provisions for liabilities

	2025	2024
	£	£
Net deferred tax liability (asset)	31,005	37,447
Total	31,005	37,447

9.	Directors advances, credits and guarantees

	Brought forward	Amount advanced	Amount repaid	Carried forward
	£	£	£	£
Ian Young	22,415	15,940	15,357	22,998
	22,415	15,940	15,357	22,998


	The balance includes interest charged at the official rate and is repayable upon demand.

10.	Related party transactions
	During the year, the company entered into the following transactions with I&J Enterprises Limited, which is a company under common control of the Director. Payroll costs recharged to the company totalling £9,283. A loan due from the company totalling £126,883, the loan is repayable on demand. During the year, the company entered into the following transactions with I Y Commercial Limited, which is a company under common control of the Director. Rent recharged from the company for the office premises, a property owned by the company. A loan due from the company totalling £216,836, the loan is repayable on demand.

10.

Related party transactions

During the year, the company entered into the following transactions with I&J Enterprises Limited, which is a company under common control of the Director. Payroll costs recharged to the company totalling £9,283. A loan due from the company totalling £126,883, the loan is repayable on demand. 

During the year, the company entered into the following transactions with I Y Commercial Limited, which is a company under common control of the Director. Rent recharged from the company for the office premises, a property owned by the company. A loan due from the company totalling £216,836, the loan is repayable on demand.

	Notes	2025		2024
		£	£	£	£
Fixed assets
Tangible assets	3		193,175		281,426
			193,175		281,426
Current assets
Debtors	4	584,677		585,131
Cash at bank and on hand		16,597		30,856
		601,274		615,987
Creditors amounts falling due within one year	5	(118,274)		(100,503)
Net current assets (liabilities)			483,000		515,484
Total assets less current liabilities			676,175		796,910
Creditors amounts falling due after one year	6		(234,535)		(256,906)
Provisions for liabilities	8		(31,005)		(37,447)
Net assets			410,635		502,557
Capital and reserves
Called up share capital			100		100
Profit and loss account			410,535		502,457
Shareholders' funds			410,635		502,557