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Company Registration No. 08231320 (England and Wales)
Industrial Equipment and Contracts Limited Unaudited accounts for the year ended 30 September 2024
Industrial Equipment and Contracts Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
Industrial Equipment and Contracts Limited Company Information for the year ended 30 September 2024
Director
O Homer
Company Number
08231320 (England and Wales)
Registered Office
Hillside Holywell Road Rhuallt St. Asaph Clwyd LL17 0AW Wales
Accountants
O'Meara Fitzmaurice & Co Brimstage Hall Brimstage Road Wirral CH63 6JA
- 3 -
Industrial Equipment and Contracts Limited Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
1,829,208 
738,924 
Current assets
Debtors
5
255,405 
167,310 
Cash at bank and in hand
798,889 
349,776 
1,054,294 
517,086 
Creditors: amounts falling due within one year
6
(72,723)
(19,991)
Net current assets
981,571 
497,095 
Total assets less current liabilities
2,810,779 
1,236,019 
Creditors: amounts falling due after more than one year
7
(1,511,832)
(545,995)
Net assets
1,298,947 
690,024 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
1,298,946 
690,023 
Shareholders' funds
1,298,947 
690,024 
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 15 July 2025 and were signed on its behalf by
O Homer Director Company Registration No. 08231320
- 4 -
Industrial Equipment and Contracts Limited Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
Industrial Equipment and Contracts Limited is a private company, limited by shares, registered in England and Wales, registration number 08231320. The registered office is Hillside, Holywell Road, Rhuallt, St. Asaph, Clwyd, LL17 0AW, Wales.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% on reducing balance
Motor vehicles
20% on reducing balance
Computer equipment
20% on reducing balance
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At cost 
At 1 October 2023
- 
574,531 
586,514 
1,205 
12,828 
1,175,078 
Additions
650,000 
462,815 
124,440 
- 
761 
1,238,016 
At 30 September 2024
650,000 
1,037,346 
710,954 
1,205 
13,589 
2,413,094 
Depreciation
At 1 October 2023
- 
191,770 
236,157 
181 
8,046 
436,154 
Charge for the year
- 
76,552 
70,071 
153 
956 
147,732 
At 30 September 2024
- 
268,322 
306,228 
334 
9,002 
583,886 
Net book value
At 30 September 2024
650,000 
769,024 
404,726 
871 
4,587 
1,829,208 
At 30 September 2023
- 
382,761 
350,357 
1,024 
4,782 
738,924 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
255,405 
167,310 
- 5 -
Industrial Equipment and Contracts Limited Notes to the Accounts for the year ended 30 September 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Taxes and social security
72,723 
19,991 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
487,500 
- 
Obligations under finance leases and hire purchase contracts
70,050 
- 
Loans from directors
954,282 
545,995 
1,511,832 
545,995 
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 6 -