Company No: 06051393 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	P W Livesey
	A Loxton

SECRETARY

P W Livesey

REGISTERED OFFICE	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT
	United Kingdom

COMPANY NUMBER

06051393 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	31.01.2025		31.01.2024
		£		£
Fixed assets
Tangible assets	3	20,857		3,694
		20,857		3,694
Current assets
Stocks	4	225,561		132,964
Debtors	5	266,930		165,589
Cash at bank and in hand	6	1,343,981		1,132,041
		1,836,472		1,430,594
Creditors: amounts falling due within one year	7	( 932,683)		( 717,179)
Net current assets		903,789		713,415
Total assets less current liabilities		924,646		717,109
Provision for liabilities	8, 9	( 5,214)		( 923)
Net assets		919,432		716,186
Capital and reserves
Called-up share capital	10	50		50
Capital redemption reserve		50		50
Profit and loss account		919,332		716,086
Total shareholder's funds		919,432		716,186

For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Inverter Drives Southern Limited (registered number: 06051393) were approved and authorised for issue by the Board of Directors on 29 October 2025. They were signed on its behalf by:

P W Livesey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Inverter Drives Southern Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Plant and machinery	4 years straight line
Vehicles	5 years straight line
Fixtures and fittings	5 years straight line
Computer equipment	3 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of assets

Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to sell, which is equivalent to the net realisable value. Cost includes materials, direct labour and an attributable proportion of manufacturing overheads based on normal levels of activity. Cost is calculated using the FIFO (first-in, first-out) method. Provision is made for obsolete, slow-moving or defective items where appropriate.

At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs to complete and sell is recognised as an impairment loss in profit or loss. Reversals of impairment losses are also recognised in profit or loss.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

Hire purchase and leasing commitments

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.

2. Employees

	31.01.2025		31.01.2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	2		2

3. Tangible assets

	Plant and machinery		Vehicles		Fixtures and fittings		Computer equipment		Total
	£		£		£		£		£
Cost
At 01 February 2024	3,282		12,255		24,958		1,132		41,627
Additions	0		20,195		0		0		20,195
At 31 January 2025	3,282		32,450		24,958		1,132		61,822
Accumulated depreciation
At 01 February 2024	2,268		10,621		24,515		529		37,933
Charge for the financial year	529		1,683		443		377		3,032
At 31 January 2025	2,797		12,304		24,958		906		40,965
Net book value
At 31 January 2025	485		20,146		0		226		20,857
At 31 January 2024	1,014		1,634		443		603		3,694

4. Stocks

	31.01.2025		31.01.2024
	£		£
Stocks	225,561		132,964

5. Debtors

	31.01.2025		31.01.2024
	£		£
Trade debtors	238,794		145,852
Prepayments	2,022		3,772
Other debtors	26,114		15,965
	266,930		165,589

6. Cash and cash equivalents

	31.01.2025		31.01.2024
	£		£
Cash at bank and in hand	865,793		660,940
Short-term deposits	478,188		471,101
	1,343,981		1,132,041

7. Creditors: amounts falling due within one year

	31.01.2025		31.01.2024
	£		£
Trade creditors	312,383		204,371
Amounts owed to directors	322,808		290,496
Accruals	117,601		73,623
Taxation and social security	179,891		148,689
	932,683		717,179

8. Provision for liabilities

	31.01.2025		31.01.2024
	£		£
Deferred tax	5,214		923

9. Deferred tax

	31.01.2025		31.01.2024
	£		£
At the beginning of financial year	( 923)		( 1,946)
(Charged)/credited to the Profit and Loss Account	( 4,291)		1,023
At the end of financial year	( 5,214)		( 923)

10. Called-up share capital

	31.01.2025		31.01.2024
	£		£
Allotted, called-up and fully-paid
50 A ordinary shares of £ 1.00 each	50		50