Instco Property Services Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 06722667 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

FOR

INSTCO PROPERTY SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

J O Miller

REGISTERED OFFICE:

90 Laburnum Avenue

Garden Village

Hull

HU8 8PJ

REGISTERED NUMBER:

06722667 (England and Wales)

ACCOUNTANTS:

Sowerby

Chartered Accountants

Beckside Court

Annie Reed Road

Beverley

East Yorkshire

HU17 0LF

FIXED ASSETS

Tangible assets

4

81,700

81,044

CURRENT ASSETS

Debtors

5

410

65

Cash at bank

51,266

47,865

51,676

47,930

CREDITORS

Amounts falling due within one year

6

87,575

86,175

NET CURRENT LIABILITIES

(35,899

)

(38,245

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

45,801

42,799

PROVISIONS FOR LIABILITIES

124

-

NET ASSETS

45,677

42,799

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

45,577

42,699

SHAREHOLDERS' FUNDS

45,677

42,799

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 December 2025 and were signed by:

J O Miller - Director

1.	STATUTORY INFORMATION

Instco Property Services Limited is a private company limited by shares and incorporated and domiciled in England. It has its registered office and principal place of business at 90 Laburnum Avenue, Garden Village, Hull, East Yorkshire, HU8 8PJ.

The financial statements are presented in Pound Sterling, which is the functional currency of the company.

The principal activity of the company is rental of equipment.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

Having regard to liquidity risk, current market conditions and other factors affecting the company, the use of the going concern basis of accounting is appropriate as, in the opinion of the directors, there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern.

The directors, having taken into the factors discussed above as well as the uncertainties of the current economic environment, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover is the amount derived from ordinary activities, measured at the fair value of the consideration received or receivable. Turnover excludes value added tax and trade discounts.

Turnover from services is recognised on completion of service, or when those services span the year end date, by reference to the stage of completion at the balance sheet date.

Sales are recognised at the point which the company has fulfilled its contractual obligations and the risks and rewards attached to the product, have been transferred to the customer.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on cost and 15% on cost

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses.

Taxation

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.

Leasing policy

The company acts as a lessor under operating lease arrangements. Income arising from this activity is recognised in the profit and loss account in the period in which it is earned. The underlying assets are capitalised in the balance sheet under fixed assets.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

COST

At 1 April 2024

79,526

71,424

150,950

Additions

-

1,672

At 31 March 2025

79,526

73,096

152,622

DEPRECIATION

At 1 April 2024

-

69,906

Charge for year

-

1,016

At 31 March 2025

-

70,922

NET BOOK VALUE

At 31 March 2025

79,526

2,174

81,700

At 31 March 2024

79,526

1,518

81,044

All of the company's fixed assets have been held for the purpose of renting out to third parties under operating leases.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other debtors

410

65

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Trade creditors

2,007

-

Taxation and social security

487

1,169

Other creditors

85,081

85,006

87,575

86,175

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

There were no transactions between the company and the director during the year.

The balance due to Mr Miller at the balance sheet date was £84,400 (2024

: £84,400).

The loan is interest free and is repayable in full upon 365 days' notice.

8.	ULTIMATE CONTROLLING PARTY

The controlling party is J O Miller.