Industrial Metal Forms Limited 30/06/2025 iXBRL

Company registration number: 01493365

Industrial Metal Forms Limited

Unaudited filleted financial statements

for the year ended

30 June 2025

Prepared by:

THOMAS NOCK MARTIN LIMITED

CHARTERED ACCOUNTANTS

BRIERLEY HILL

Industrial Metal Forms Limited

Contents

Directors and other information

Accountants report

Statement of financial position

Notes to the financial statements

Industrial Metal Forms Limited

Directors and other information



	Directors	Mark Andrew Smith
		Charlotte Lucy Smith


	Company number	01493365


	Registered office	5 Hagley Court South
		The Waterfront
		Brierley Hill
		West Midlands
		DY5 1XE


	Business address	95 Bradbury Road
		Solihull
		West Midlands
		B92 8AF


	Accountants	Thomas Nock Martin Limited
		5 Hagley Court South
		The Waterfront
		Brierley Hill
		West Midlands
		DY5 1XE




	Bankers	HSBC Bank plc
		34 Poplar Road
		Solihull
		West Midlands
		B91 3AF

Industrial Metal Forms Limited

Chartered accountants report to the board of directors on the preparation of the

unaudited statutory financial statements of Industrial Metal Forms Limited

Year ended 30 June 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Industrial Metal Forms Limited for the year ended 30 June 2025 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.

This report is made solely to the board of directors of Industrial Metal Forms Limited, as a body, in accordance with the terms of our engagement letter dated 26 February 2020. Our work has been undertaken solely to prepare for your approval the financial statements of Industrial Metal Forms Limited and state those matters that we have agreed to state to the board of directors of Industrial Metal Forms Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Industrial Metal Forms Limited and its board of directors as a body for our work or for this report.

It is your duty to ensure that Industrial Metal Forms Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Industrial Metal Forms Limited. You consider that Industrial Metal Forms Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Industrial Metal Forms Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Thomas Nock Martin Limited

Chartered Accountants

5 Hagley Court South

The Waterfront

Brierley Hill

West Midlands

DY5 1XE

15 October 2025

Industrial Metal Forms Limited

Statement of financial position

30 June 2025

		2025		2024
	Note	£	£	£	£

Fixed assets
Tangible assets	6	68,226		36,057
		_______		_______
			68,226		36,057

Current assets
Stocks		100		100
Debtors	7	112,216		186,372
Cash at bank and in hand		134,953		167,748
		_______		_______
		247,269		354,220
Creditors: amounts falling due
within one year	8	( 99,310)		( 172,005)
		_______		_______
Net current assets			147,959		182,215
			_______		_______
Total assets less current liabilities			216,185		218,272

Creditors: amounts falling due
after more than one year	9		( 1,399)		( 17,666)

Provisions for liabilities			( 17,100)		( 9,100)

			_______		_______
Net assets			197,686		191,506
			_______		_______

Capital and reserves
Called up share capital	10		90		90
Profit and loss account			197,596		191,416
			_______		_______
Shareholders funds			197,686		191,506
			_______		_______

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the Statement of income and retained earnings has not been delivered.

These financial statements were approved by the board of directors and authorised for issue on 15 October 2025 , and are signed on behalf of the board by:

Mark Andrew Smith

Director

Company registration number: 01493365

Industrial Metal Forms Limited

Notes to the financial statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 5 Hagley Court South, The Waterfront, Brierley Hill, West Midlands, DY5 1XE.

2. Statement of compliance

These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Turnover

Turnover represents sales from the manufacture, supply, and installation of duct work and air conditioning equipment excluding value added tax during the year.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:


Plant and machinery	-	25 %	reducing balance
Fittings fixtures and equipment	-	25 %	reducing balance
Motor vehicles	-	25 %	reducing balance

If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.

Impairment

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

Stocks

Stock is valued at the lower of cost and net realisable value.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade debtors and trade creditors, other debtors and creditors .

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 3 (2024: 3 ).

5. Dividends

Equity dividends

	2025	2024
	£	£

Dividends paid during the year (excluding those for which a liability existed at the end of the prior year)	90,000	187,000
	_______	_______

6. Tangible assets

	Plant and machinery	Fixtures, fittings and equipment	Motor vehicles	Total
	£	£	£	£
Cost
At 1 July 2024	10,386	1,613	80,930	92,929
Additions	2,817	-	50,774	53,591
Disposals	-	-	( 26,881)	( 26,881)
	_______	_______	_______	_______
At 30 June 2025	13,203	1,613	104,823	119,639
	_______	_______	_______	_______
Depreciation
At 1 July 2024	5,297	1,327	50,249	56,873
Charge for the year	1,481	72	11,362	12,915
Disposals	-	-	( 18,375)	( 18,375)
	_______	_______	_______	_______
At 30 June 2025	6,778	1,399	43,236	51,413
	_______	_______	_______	_______
Carrying amount
At 30 June 2025	6,425	214	61,587	68,226
	_______	_______	_______	_______
At 30 June 2024	5,089	286	30,681	36,056
	_______	_______	_______	_______

7. Debtors

	2025	2024
	£	£

Trade debtors	97,229	161,202
Other debtors	14,987	25,170
	_______	_______
	112,216	186,372
	_______	_______

8. Creditors: amounts falling due within one year

	2025	2024
	£	£

Bank loans	9,976	9,976
Trade creditors	41,359	34,031
Corporation tax	20,825	77,000
Social security and other taxes	1,020	-
Other creditors	26,130	50,998
	_______	_______
	99,310	172,005
	_______	_______

9. Creditors: amounts falling due after more than one year

	2025	2024
	£	£

Bank loans	1,399	11,624
Other creditors	-	6,042
	_______	_______
	1,399	17,666
	_______	_______

10. Called up share capital

Issued, called up and fully paid

	2025		2024
	No	£	No	£

'A' Ordinary shares of £ 1.00 each	45	45	45	45
'B' Ordinary shares of £ 1.00 each	45	45	45	45
	_______	_______	_______	_______
	90	90	90	90
	_______	_______	_______	_______