REGISTERED NUMBER: 02693398 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30th April 2025

for

Independent Ductwork Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S K O'Keeffe

J D O'Keeffe

SECRETARY:

J Bennett

REGISTERED OFFICE:

Stephenson Road

Houndmills

Basingstoke

Hampshire

RG21 6XR

REGISTERED NUMBER:

02693398 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

4

593,580

641,247

CURRENT ASSETS

Stocks

89,610

88,400

Debtors

5

715,712

696,393

Cash at bank and in hand

903,589

876,844

1,708,911

1,661,637

CREDITORS

Amounts falling due within one year

6

410,469

439,644

NET CURRENT ASSETS

1,298,442

1,221,993

TOTAL ASSETS LESS CURRENT LIABILITIES

1,892,022

1,863,240

CREDITORS

Amounts falling due after more than one year

7

(9,463

)

(24,540

)

PROVISIONS FOR LIABILITIES

(12,230

)

(20,930

)

NET ASSETS

1,870,329

1,817,770

CAPITAL AND RESERVES

Called up share capital

8

8

Retained earnings

8

1,870,321

1,817,762

SHAREHOLDERS' FUNDS

1,870,329

1,817,770

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 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 24th September 2025 and were signed on its behalf by:

S K O'Keeffe - Director

1.	STATUTORY INFORMATION

Independent Ductwork 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.

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 as modified by the revaluation of certain assets.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

in accordance with the remaining lease

Plant and machinery etc

-

25% on reducing balance, 25% on cost, 20% on reducing balance and in accordance with the property

Stocks

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

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

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 25 (2024 - 28 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1st May 2024

568,673

267,648

836,321

Additions

-

1,203

1,203

At 30th April 2025

568,673

268,851

837,524

DEPRECIATION

At 1st May 2024

67,655

127,419

195,074

Charge for year

10,971

37,899

48,870

At 30th April 2025

78,626

165,318

243,944

NET BOOK VALUE

At 30th April 2025

490,047

103,533

593,580

At 30th April 2024

501,018

140,229

641,247

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1st May 2024

and 30th April 2025

66,345

DEPRECIATION

At 1st May 2024

40,110

Charge for year

16,580

At 30th April 2025

56,690

NET BOOK VALUE

At 30th April 2025

9,655

At 30th April 2024

26,235

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Trade debtors

683,950

662,303

Other debtors

-

1,060

Tax

-

296

Prepayments and accrued income

31,762

32,734

715,712

696,393

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

15,077

13,444

Trade creditors

291,802

351,977

Tax

36,389

14,586

Social security and other taxes

8,576

12,808

VAT

46,866

36,769

Directors' current accounts

4,395

4,395

Accrued expenses

7,364

5,665

410,469

439,644

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.4.25

30.4.24

£

£

Hire purchase contracts

9,463

24,540

8.

RESERVES

Retained

earnings

£

At 1st May 2024

1,817,762

Profit for the year

77,559

Dividends

(25,000

)

At 30th April 2025

1,870,321

9.	RELATED PARTY DISCLOSURES

During the year, total dividends of £25,000 (2024 - £25,000) were paid to the directors .

From March 2021 the company has rented equipment from United Machinery Rental Ltd, which is under the common control of the directors and shareholders of this company. The cost of this activity in the year was £144,000 (2024 - £144,000).