ISB ELECTRICAL SERVICES LTD - Filleted accounts

Registered number

06810419

ISB ELECTRICAL SERVICES LTD

Filleted Accounts

28 February 2025

ISB ELECTRICAL SERVICES LTD
Registered number:		06810419
Balance Sheet
as at 28 February 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		889,611			915,265

Current assets
Stocks		900			1,000
Debtors	4	149,955			235,727
Cash at bank and in hand		188,078			35,781
		338,933			272,508

Creditors: amounts falling due within one year	5	(119,563)			(133,980)

Net current assets			219,370			138,528

Total assets less current liabilities			1,108,981			1,053,793

Creditors: amounts falling due after more than one year	6		(8,411)			(27,447)

Provisions for liabilities			(24,080)			(24,080)


Net assets			1,076,490			1,002,266

Capital and reserves
Called up share capital			1			1
Profit and loss account			1,076,489			1,002,265

Shareholder's funds			1,076,490			1,002,266

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his 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.




Mr I Boucher
Director
Approved by the board on 19 August 2025

ISB ELECTRICAL SERVICES LTD
Notes to the Accounts
for the year ended 28 February 2025


1	Accounting policies

	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:

	Motor Vehicles			20% reducing balance
	Plant and machinery			50% straight line

	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.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees					2025		2024
Number							Number

	Average number of persons employed by the company					1		1


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Motor vehicles		Total
£			£		£		£
	Cost
	At 1 March 2024	799,243		83,517		185,167		1,067,927
	Additions	-		10,530		-		10,530
	At 28 February 2025	799,243		94,047		185,167		1,078,457

	Depreciation
	At 1 March 2024	-		69,268		83,394		152,662
	Charge for the year	-		15,829		20,355		36,184
	At 28 February 2025	-		85,097		103,749		188,846

	Net book value
	At 28 February 2025	799,243		8,950		81,418		889,611
	At 29 February 2024	799,243		14,249		101,773		915,265


4	Debtors					2025		2024
£							£

	Trade debtors					33,945		119,717
	Other debtors					116,010		116,010
						149,955		235,727


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

	Bank loans and overdrafts					10,000		10,000
	Obligations under finance lease and hire purchase contracts					10,197		14,060
	Trade creditors					37,643		12,225
	Taxation and social security costs					71,329		99,838
	Other creditors					(9,606)		(2,143)
						119,563		133,980


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

	Bank loans					4,760		13,599
	Obligations under finance lease and hire purchase contracts					3,651		13,848
						8,411		27,447


7	Loans to directors
	Description and conditions	B/fwd	Paid		Repaid		C/fwd
£			£		£		£
	Mr I Boucher
	Directors loan account	(12,136)		145,437		(137,474)		(4,173)

		(12,136)		145,437		(137,474)		(4,173)


8	Related party transactions

	At the year end ISB Properties Limited, a company with common ownership, owed ISB Electrical services Ltd £116,010.00 (2024: £116,010.00)


9	Controlling party

	The company is ultimately controlled by the director by virtue of their shareholding.


10	Other information

	ISB ELECTRICAL SERVICES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	1 Penylan Road
	Argoed
	Blackwood
	Caerphilly
	NP12 0AU