Instrument & Control Services Limited

Registered number

01464404

Filleted Accounts

31 March 2025

Instrument & Control Services Limited
Registered number:		01464404
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		242,652			270,330

Current assets
Stock and work in progress		562,759			582,634
Debtors	4	547,314			776,896
Cash at bank and in hand		887			904
		1,110,960			1,360,434

Creditors: amounts falling due within one year	5	(1,122,938)			(930,693)

Net current (liabilities)/assets			(11,978)			429,741

Total assets less current liabilities			230,674			700,071

Creditors: amounts falling due after more than one year	6		(52,695)			(422,838)
Provisions for liabilities			(40,749)			(40,749)

Net assets			137,230			236,484

Capital and reserves
Called up share capital			5,394			5,394
Profit and loss account			131,836			231,090

Shareholders' funds			137,230			236,484

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.

Directors' responsibilities
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Donald Peter Constable
Director
Approved by the board on 19 June 2025

The annexed notes form part of these financial statements

Instrument & Control Services Limited
Notes to the Accounts
for the year ended 31 March 2025


1	Accounting policies

	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).

	Turnover
	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. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance
	Motor vehicles	25% reducing balance

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees		2025		2024
Number				Number

	Average number of persons employed by the company		30		37


3	Tangible fixed assets
					Plant and machinery etc
£
	Cost
	At 1 April 2024				985,590
	Additions				33,185
	Disposals				(49,990)
	At 31 March 2025				968,785

	Depreciation
	At 1 April 2024				715,260
	Charge for the year				54,413
	On disposals				(43,540)
	At 31 March 2025				726,133

	Net book value
	At 31 March 2025				242,652
	At 31 March 2024				270,330


4	Debtors		2025		2024
£				£

	Trade debtors		483,600		721,107
	Amounts owed by group undertakings and undertakings in which the company has a participating interest		35,938		20,030
	Other debtors		27,776		35,759
			547,314		776,896


5	Creditors: amounts falling due within one year		2025		2024
£				£

	Bank loans and overdrafts		374,900		251,752
	Obligations under finance lease and hire purchase contracts		20,074		30,985
	Trade creditors		287,720		457,922
	Taxation and social security costs		326,336		137,765
	Other creditors		113,908		52,269
			1,122,938		930,693


6	Creditors: amounts falling due after one year		2025		2024
£				£

	Bank loans		40,834		390,903
	Obligations under finance lease and hire purchase contracts		11,861		31,935
			52,695		422,838


7	Loans		2025		2024
£				£
	Creditors include:

	Secured bank loans		360,075		390,903



8	Other information

	Instrument & Control Services Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit 2 Canal Lane
	Tunstall
	Stoke on Trent
	ST6 4NZ

9	Non-adjusting events after the reporting period

	Company Restructuring
	On 25 April 2025, Instrument & Control Services Limited has undergone company restructuring, where significant control was transferred to Simkiss Group (Scs) Limited.