REGISTERED NUMBER: 05370993 (England and Wales)

Unaudited Financial Statements for the Year Ended 28 February 2025

for

I L S Southern Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

V R Addison

G J Wilks

SECRETARY:

V R Addison

REGISTERED OFFICE:

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

REGISTERED NUMBER:

05370993 (England and Wales)

ACCOUNTANT:

Richard Allen & Associates

21 Church Road

Parkstone

Poole

Dorset

BH14 8UF

FIXED ASSETS

Tangible assets

4

53,058

39,957

CURRENT ASSETS

Stocks

20,000

20,000

Debtors

5

122,876

79,041

Cash at bank

59,784

23,649

202,660

122,690

CREDITORS

Amounts falling due within one year

6

74,694

51,662

NET CURRENT ASSETS

127,966

71,028

TOTAL ASSETS LESS CURRENT LIABILITIES

181,024

110,985

PROVISIONS FOR LIABILITIES

11,366

7,889

NET ASSETS

169,658

103,096

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

169,656

103,094

SHAREHOLDERS' FUNDS

169,658

103,096

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 2 September 2025 and were signed on its behalf by:

G J Wilks - Director

1.	STATUTORY INFORMATION

I L S Southern Ltd 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.

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.

Land and buildings

-

Not provided

Plant and machinery etc

-

33% on cost, 25% on reducing balance, 15% on reducing balance and Not provided

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 March 2024

1,655

108,926

110,581

Additions

-

25,530

25,530

At 28 February 2025

1,655

134,456

136,111

DEPRECIATION

At 1 March 2024

-

70,624

70,624

Charge for year

-

12,429

12,429

At 28 February 2025

-

83,053

83,053

NET BOOK VALUE

At 28 February 2025

1,655

51,403

53,058

At 29 February 2024

1,655

38,302

39,957

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

91,988

63,628

Other debtors

30,888

15,413

122,876

79,041

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

23,240

15,388

Taxation and social security

49,785

34,544

Other creditors

1,669

1,730

74,694

51,662

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 28 February 2025 and 29 February 2024:

2025

2024

£

£

G J Wilks

Balance outstanding at start of year

2,007

(3,473

)

Amounts advanced

60,159

55,986

Amounts repaid

(51,590

)

(50,506

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

10,576

2,007

V R Addison

Balance outstanding at start of year

7,048

2,734

Amounts advanced

58,920

54,820

Amounts repaid

(50,590

)

(50,506

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

15,378

7,048