Registration number: 07193529

Import Export Services (GRP) Ltd

Contents

Import Export Services (GRP) Ltd

Company Information

Import Export Services (GRP) Ltd

Strategic Report for the Year Ended 31 March 2025

The director presents his strategic report for the year ended 31 March 2025.

Principal activity

The principal activity of the group is the provision of Global Engineering and Logistical services relating to all forms of relocation, including but not limited to the moving and setting up of production lines and factories in alternative geographical areas. Other connected activities make up the portfolio of services, including the supply of electrical products and semi-conductor parts..

Our services include:

• Equipment moves
• Equipment installations
• Field Service Engineers
• Crate Manufacture and Export Packing
• UKCA Compliance Testing
• Turnkey Equipment relocations
• Used and refurbished part supply to semiconductor manufacturers
• Sales Agent for various Semiconductor OEMs for UK and Ireland
• Electrical component sales the wholesale market.

We supply into high technology markets with primary focus in semiconductor, print and pharmaceutical. Within these industries the company supports end users, OEM’s and capital equipment brokers.

The group works worldwide with concentration of supply within the UK, mainland Europe (primarily Austria, Germany, France and Italy) and North America.

Fair review of the business

The group continued to trade successfully throughout the year ending March 31, 2025. Business volumes increased to a record level, the balance sheet remains strong, with retained earnings standing at £3.02m.

There are no significant post-year-end events to report.

Most of the group’s sales come from customers with whom the group has long-established relationships. We annually target around 75% of turnover to come from existing customers.

Future developments

The group continues to grow and become more established in all the markets it operates in.

Staff training and development are ongoing and central to the group’s ethos. Multi skilled staff are key to our ability to deliver cost-effective multifaceted service offerings to our customer base.

IES operates primarily in the Semiconductor and print industries. Within semiconductor we continue to grow our service offerings and whilst some flattening in this market might be expected it is compensated for by expansion of capability. Notably this is with some key Equipment Manufacturers supporting installation of new semiconductor tools and providing field service support on legacy equipment.

Import Export Services (GRP) Ltd

Strategic Report for the Year Ended 31 March 2025

Current assets - debtors and cash flow

Cash in the business remained strong to support working capital and inward investment. Despite the high volumes of trade in a challenging economic climate, bad debts remained very low at less than 0.25% of turnover; this is because of well-controlled contracts and efficient financial collection processes. Cash flow is central to the finance team’s daily practices, working closely with the directors of the business.

Principal risks and uncertainties

The group continues to develop its people, systems, and customer base to strengthen further in the markets it operates in while being vigilant to market conditions, remaining competitive to retain key internal resources, and coping with external industry competition.

Import Export Services (GRP) Ltd

Strategic Report for the Year Ended 31 March 2025

Approved by the director on 9 December 2025 and signed on its behalf by:

Import Export Services (GRP) Ltd

Director's Report for the Year Ended 31 March 2025

The director presents his report and the for the year ended 31 March 2025.

Director of the group

The director who held office during the year was as follows:

Mr N Morch Monsted

Disclosure of information to the auditor

Approved by the director on 9 December 2025 and signed on its behalf by:

Import Export Services (GRP) Ltd

Statement of Director's Responsibilities

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the group and the company and of the profit or loss of the group for that period. In preparing these financial statements, the director is required to:

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the group's and the company's transactions and disclose with reasonable accuracy at any time the financial position of the group and the company and enable him to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the group and the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Import Export Services (GRP) Ltd

Independent Auditor's Report to the Members of Import Export Services (GRP) Ltd

Opinion

We have audited the financial statements of Import Export Services (GRP) Ltd (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 March 2025, which comprise the Consolidated Profit and Loss Account and Statement of Retained Earnings, Consolidated Balance Sheet, Balance Sheet, Consolidated Statement of Cash Flows, and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the strategic report or the directors’ report.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Import Export Services (GRP) Ltd

Independent Auditor's Report to the Members of Import Export Services (GRP) Ltd

Auditor’s responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which are procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach was as follows:

We obtained an understanding of the legal and regulatory frameworks that are applicable to the entity by discussion with key personnel and consideration of our experience of this and similar sectors.

We determined that the most significant laws and regulations which have a direct impact on the form and content of the financial statements of the group and company are the Companies Act and UK GAAP, specifically FRS102.

We determined that the most significant operational laws and regulations for the group and company are health and safety and employment law, plus regulations surrounding the import and export of goods and services, including taxation legislation.

Based on the results or our risk assessment we designed our audit procedures to identify non-compliance with such laws and regulations identified above, with no issues arising.

We gained an understating of the entity’s policy and procedures by discussion with key personnel and substantive audit work.

We assessed the risk of material misstatement in respect of fraud through our planning processes, and no significant risks were identified.

We considered the risk of fraud through management override and, in response, we incorporated testing of manual journal entries into our audit approach.

Based on the results of our risk assessment we designed our audit procedures to identify and to address material misstatements in relation to fraud.

A further description of our responsibilities is available on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor’s report.

Import Export Services (GRP) Ltd

Independent Auditor's Report to the Members of Import Export Services (GRP) Ltd

Use of our report

This report is made solely to the company’s members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company’s members those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company’s members as a body, for our audit work, for this report, or for the opinions we have formed.

......................................
Catherine Edwards BSc FCA (Senior Statutory Auditor)
For and on behalf of Richardson Swift Audit Limited, Statutory Auditor

11 Laura Place
Bath
BA2 4BL

10 December 2025

Import Export Services (GRP) Ltd

Consolidated Profit and Loss Account and Statement of Retained Earnings for the Year Ended 31 March 2025

Import Export Services (GRP) Ltd

(Registration number: 07193529)
Consolidated Balance Sheet as at 31 March 2025

Approved and authorised by the director on 9 December 2025
 

Import Export Services (GRP) Ltd

(Registration number: 07193529)
Balance Sheet as at 31 March 2025

The company made a loss after tax for the financial year of £54,377 (2024 - loss of £9,110).

Approved and authorised by the director on 9 December 2025
 

Import Export Services (GRP) Ltd

Consolidated Statement of Cash Flows for the Year Ended 31 March 2025

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
1 Portview Road
Avonmouth
Bristol
BS11 9LS

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

Basis of preparation

Summary of disclosure exemptions

The parent company satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following reduced disclosures available under FRS 102:

a) Disclosure in respect of each class of share capital have not been presented.
b) No cash flow statement has been presented for the company.
c) Disclosures in respect of financial instruments have not been presented.
d) No disclosure has been given for the aggregate remuneration of key management personnel..

Basis of consolidation

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Accounting estimates and judgements

Key sources of estimation uncertainty

Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumptions and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are as follows:

1) Tangible fixed assets are depreciation over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors. In re-assessing asset lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account. Residual value assessments consider issues such as future market conditions, the remaining life of the asset and projected disposal values. The carrying amount is £3,070,161 (2024 -£3,231,300).

Revenue recognition

Government grants

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date. Non-monetary items carried at fair value that are denominated in foreign currencies are retranslated at the rate on the date when the fair value is re-measured.

Non-monetary items measured in terms of historical cost in a foreign currency are not retranslated.

Tax

Tangible assets

Depreciation

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Goodwill

Amortisation

Investments

Cash and cash equivalents

Trade debtors

Stocks

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Trade creditors

Borrowings

Provisions

Leases

Share capital

Dividends

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Defined contribution pension obligation

Financial instruments

Classification
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Debt instruments are subsequently measured at amortised cost.

Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
 

The analysis of the group's revenue for the year from continuing operations is as follows:

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

The analysis of the group's turnover for the year by geographical area is as follows:

The analysis of the group's other operating income for the year is as follows:

The analysis of the group's other gains and losses for the year is as follows:

Arrived at after charging/(crediting)

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

The aggregate payroll costs (including director's remuneration) were as follows:

The average number of persons employed by the group (including the director) during the year, analysed by category was as follows:

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

The director's remuneration for the year was as follows:

During the year the number of directors who were receiving benefits and share incentives was as follows:

In respect of the highest paid director:

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Tax charged/(credited) in the consolidated profit and loss account

The tax on profit before tax for the year is the same as the standard rate of corporation tax in the UK (2024 - the same as the standard rate of corporation tax in the UK) of 25% (2024 - 25%).

The differences are reconciled below:

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Deferred tax

Group

Deferred tax assets and liabilities

Company

Deferred tax assets and liabilities

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Group

	Land and buildings £	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £
Cost or valuation
At 1 April 2024	2,900,000	455,505	247,634	282,479
Additions	-	11,220	12,523	35,379
Disposals	-	(91,943)	(90,705)	(32,885)
At 31 March 2025	2,900,000	374,782	169,452	284,973
Depreciation
At 1 April 2024	-	322,437	161,024	170,857
Charge for the year	50,819	45,402	47,297	51,863
Eliminated on disposal	-	(91,943)	(76,364)	(22,346)
At 31 March 2025	50,819	275,896	131,957	200,374
Carrying amount
At 31 March 2025	2,849,181	98,886	37,495	84,599
At 31 March 2024	2,900,000	133,068	86,610	111,622

	Total £
Cost or valuation
At 1 April 2024	3,885,618
Additions	59,122
Disposals	(215,533)
At 31 March 2025	3,729,207
Depreciation
At 1 April 2024	654,318
Charge for the year	195,381
Eliminated on disposal	(190,653)
At 31 March 2025	659,046
Carrying amount
At 31 March 2025	3,070,161
At 31 March 2024	3,231,300

Included within the net book value of land and buildings above is £2,849,181 (2024 - £2,900,000) in respect of freehold land and buildings.
 

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Revaluation

The fair value of the group's Property was revalued on 31 January 2024 by an independent valuer.
The independent valuers adopted the market approach and used the comparison method. The opinion of market value was arrived at by adopting the income approach based on capitalisation of predicted income to produce a single current capital value. Where possible, the independent valuers opinions were based on analysis of recent relevant market transactions supported by market knowledge derived from their agency experience.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,524,587 (2024 - £1,524,587).
 

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Company

	Land and buildings £	Total £
Cost or valuation
At 1 April 2024	2,900,000	2,900,000
At 31 March 2025	2,900,000	2,900,000
Depreciation
Charge for the year	50,819	50,819
At 31 March 2025	50,819	50,819
Carrying amount
At 31 March 2025	2,849,181	2,849,181
At 31 March 2024	2,900,000	2,900,000

Included within the net book value of land and buildings above is £2,849,181 (2024 - £2,900,000) in respect of freehold land and buildings.
 

Revaluation

The fair value of the company's Property was revalued on 31 January 2024 by an independent valuer.
The independent valuers adopted the market approach and used the comparison method. The opinion of market value was arrived at by adopting the income approach based on capitalisation of predicted income to produce a single current capital value. Where possible, the independent valuers opinions were based on analysis of recent relevant market transactions supported by market knowledge derived from their agency experience.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £1,524,587 (2024 - £1,524,587).
 

Group

Company

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Company

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Floating charges over the stock and work in progress present and future are held by the directors pension fund.
Those secured creditors due within one year totalled £66,544 (2024: £22,335) at the year end, and due after one year £317,831 (2024: £9,948) at the year end.

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Group

Company

Defined contribution pension scheme

The group operates a defined contribution pension scheme. The pension cost charge for the year represents contributions payable by the group to the scheme and amounted to £282,716 (2024 - £217,647).

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Allotted, called up and fully paid shares

Non-current loans and borrowings

Current loans and borrowings

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

Group

Bank borrowings

Interim dividends paid

Group

Import Export Services (GRP) Ltd

Notes to the Financial Statements for the Year Ended 31 March 2025

The group has also obtained a loan from the directors pension fund and the amount outstanding was £384,374 (2024: £32,284). The loan is agreed to be repaid over 5 years, ending in the year ended 31 March 2030, and annual interest is charged at 10.0%.

Company