REGISTERED NUMBER: 11096895 (England and Wales)

Unaudited Financial Statements for the Year Ended 31st December 2024

for

IN2 Electrical Services Limited

Page

Balance Sheet

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

37,340

46,314

CURRENT ASSETS

Debtors

5

43,284

37,427

Cash at bank

18,382

13,810

61,666

51,237

CREDITORS

Amounts falling due within one year

6

72,881

61,701

NET CURRENT LIABILITIES

(11,215

)

(10,464

)

TOTAL ASSETS LESS CURRENT LIABILITIES

26,125

35,850

CREDITORS

Amounts falling due after more than one year

7

(16,449

)

(26,679

)

PROVISIONS FOR LIABILITIES

(9,335

)

(9,157

)

NET ASSETS

341

14

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

241

(86

)

SHAREHOLDERS' FUNDS

341

14

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 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 Profit and Loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15th September 2025 and were signed on its behalf by:

S P Kirkham - Director

R Birks - Director

1.	STATUTORY INFORMATION

IN2 Electrical Services Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

11096895

Registered office:

Lymedale Business Centre

Hooters Hall Road

Newcastle Under Lyme

Staffordshire

ST5 9QF

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.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore, turnover also includes the element of work completed but not yet invoiced on service contracts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on cost

Motor vehicles

-

20% on reducing balance

Computer equipment

-

25% on cost

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1st January 2024

2,874

71,851

3,180

77,905

Additions

658

-

140

798

At 31st December 2024

3,532

71,851

3,320

78,703

DEPRECIATION

At 1st January 2024

2,006

26,511

3,074

31,591

Charge for year

616

9,068

88

9,772

At 31st December 2024

2,622

35,579

3,162

41,363

NET BOOK VALUE

At 31st December 2024

910

36,272

158

37,340

At 31st December 2023

868

45,340

106

46,314

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Trade debtors

1,487

9,454

Other debtors

41,797

27,973

43,284

37,427

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans and overdrafts

3,854

3,759

Hire purchase contracts

6,376

6,039

Trade creditors

44,896

35,180

Taxation and social security

15,792

12,624

Other creditors

1,963

4,099

72,881

61,701

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

4,285

8,139

Hire purchase contracts

12,164

18,540

16,449

26,679

8.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31st December 2024 and 31st December 2023:

31.12.24

31.12.23

£

£

S P Kirkham and Mrs K S Kirkham

Balance outstanding at start of year

8,960

6,102

Amounts advanced

42,600

42,831

Amounts repaid

(34,968

)

(39,973

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,592

8,960

R Birks and Miss L J Robotham

Balance outstanding at start of year

8,909

10,597

Amounts advanced

42,600

42,831

Amounts repaid

(34,968

)

(44,519

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

16,541

8,909