70 true false false false true true false false false false false false true false false No description of principal activity 2024-08-01 Sage Accounts Production Advanced 2024 - FRS102_2024 1,956,975 780,542 20 20 25 1,154,430 702,278 115,443 817,721 336,709 452,152 66,792 67,366 3,583 3,009 3,009 66,792 14,836 7,363 659 21,540 1 50,000 50,000 xbrli:pure xbrli:shares iso4217:GBP 11086942 2024-08-01 2025-07-31 11086942 2025-07-31 11086942 2024-07-31 11086942 2023-08-01 2024-07-31 11086942 2024-07-31 11086942 2023-07-31 11086942 bus:Consolidated 2024-08-01 2025-07-31 11086942 bus:Consolidated core:Subsidiary1 2024-08-01 2025-07-31 11086942 bus:Consolidated core:Subsidiary2 2024-08-01 2025-07-31 11086942 bus:Consolidated core:Subsidiary3 2024-08-01 2025-07-31 11086942 core:PlantMachinery 2024-08-01 2025-07-31 11086942 bus:Consolidated core:PlantMachinery 2024-08-01 2025-07-31 11086942 core:FurnitureFittings 2024-08-01 2025-07-31 11086942 bus:Consolidated core:FurnitureFittings 2024-08-01 2025-07-31 11086942 core:MotorVehicles 2024-08-01 2025-07-31 11086942 bus:Consolidated core:MotorVehicles 2024-08-01 2025-07-31 11086942 core:NetGoodwill 2024-08-01 2025-07-31 11086942 bus:Consolidated core:NetGoodwill 2024-08-01 2025-07-31 11086942 bus:RegisteredOffice 2024-08-01 2025-07-31 11086942 bus:OrdinaryShareClass1 2024-08-01 2025-07-31 11086942 bus:Consolidated bus:OrdinaryShareClass1 2024-08-01 2025-07-31 11086942 bus:LeadAgentIfApplicable 2024-08-01 2025-07-31 11086942 bus:Consolidated bus:LeadAgentIfApplicable 2024-08-01 2025-07-31 11086942 bus:Director1 2024-08-01 2025-07-31 11086942 bus:Director2 2024-08-01 2025-07-31 11086942 bus:Consolidated 2025-07-31 11086942 bus:Consolidated core:WithinOneYear 2025-07-31 11086942 bus:Consolidated core:WithinOneYear 2024-07-31 11086942 core:WithinOneYear 2025-07-31 11086942 core:WithinOneYear 2024-07-31 11086942 bus:Consolidated 2024-07-31 11086942 bus:Consolidated core:NetGoodwill 2024-07-31 11086942 bus:Consolidated core:NetGoodwill 2025-07-31 11086942 bus:Consolidated core:PlantMachinery 2024-07-31 11086942 bus:Consolidated core:FurnitureFittings 2024-07-31 11086942 bus:Consolidated core:MotorVehicles 2024-07-31 11086942 bus:Consolidated core:PlantMachinery 2025-07-31 11086942 bus:Consolidated core:FurnitureFittings 2025-07-31 11086942 bus:Consolidated core:MotorVehicles 2025-07-31 11086942 bus:Consolidated core:DeferredTaxation 2024-08-01 2025-07-31 11086942 bus:Consolidated 2023-08-01 2024-07-31 11086942 bus:Consolidated 2024-07-31 11086942 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 11086942 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 11086942 core:RetainedEarningsAccumulatedLosses 2023-08-01 2024-07-31 11086942 core:RetainedEarningsAccumulatedLosses 2024-08-01 2025-07-31 11086942 bus:Consolidated core:UKTax 2024-08-01 2025-07-31 11086942 bus:Consolidated core:UKTax 2023-08-01 2024-07-31 11086942 core:AfterOneYear bus:Consolidated 2025-07-31 11086942 core:AfterOneYear bus:Consolidated 2024-07-31 11086942 bus:AllOrdinaryShares bus:Consolidated 2024-08-01 2025-07-31 11086942 bus:AllOrdinaryShares bus:Consolidated 2023-08-01 2024-07-31 11086942 bus:Consolidated core:ShareCapital 2025-07-31 11086942 bus:Consolidated core:ShareCapital 2024-07-31 11086942 bus:Consolidated core:SharePremium 2025-07-31 11086942 bus:Consolidated core:SharePremium 2024-07-31 11086942 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2025-07-31 11086942 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2024-07-31 11086942 core:ShareCapital 2025-07-31 11086942 core:ShareCapital 2024-07-31 11086942 core:SharePremium 2025-07-31 11086942 core:SharePremium 2024-07-31 11086942 core:RetainedEarningsAccumulatedLosses 2025-07-31 11086942 core:RetainedEarningsAccumulatedLosses 2024-07-31 11086942 bus:Consolidated core:ShareCapital 2023-07-31 11086942 bus:Consolidated core:SharePremium 2023-07-31 11086942 bus:Consolidated core:RetainedEarningsAccumulatedLosses 2023-07-31 11086942 bus:Consolidated 2023-07-31 11086942 core:ShareCapital 2023-07-31 11086942 core:SharePremium 2023-07-31 11086942 core:RetainedEarningsAccumulatedLosses 2023-07-31 11086942 bus:Consolidated core:FinancialAssetsFairValue 2025-07-31 11086942 bus:Consolidated core:FinancialAssetsFairValue 2024-07-31 11086942 core:BetweenOneFiveYears bus:Consolidated 2025-07-31 11086942 core:BetweenOneFiveYears bus:Consolidated 2024-07-31 11086942 bus:Consolidated core:NetGoodwill 2024-07-31 11086942 bus:Consolidated core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 11086942 bus:Consolidated core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2025-07-31 11086942 bus:Consolidated core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-07-31 11086942 bus:Consolidated core:CostValuation core:Non-currentFinancialInstruments 2025-07-31 11086942 bus:Consolidated core:Non-currentFinancialInstruments 2025-07-31 11086942 bus:Consolidated core:Non-currentFinancialInstruments 2024-07-31 11086942 core:CostValuation core:Non-currentFinancialInstruments 2024-07-31 11086942 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2025-07-31 11086942 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2025-07-31 11086942 core:CostValuation core:Non-currentFinancialInstruments 2025-07-31 11086942 core:Non-currentFinancialInstruments 2025-07-31 11086942 core:Non-currentFinancialInstruments 2024-07-31 11086942 core:AcceleratedTaxDepreciationDeferredTax bus:Consolidated 2025-07-31 11086942 core:AcceleratedTaxDepreciationDeferredTax bus:Consolidated 2024-07-31 11086942 bus:Consolidated core:PlantMachinery 2024-07-31 11086942 bus:Consolidated core:FurnitureFittings 2024-07-31 11086942 bus:Consolidated core:MotorVehicles 2024-07-31 11086942 bus:Consolidated core:DeferredTaxation 2024-07-31 11086942 bus:Consolidated core:DeferredTaxation 2025-07-31 11086942 bus:Consolidated bus:LeadAgentIfApplicable 2023-08-01 2024-07-31 11086942 bus:Consolidated bus:HighestPaidDirector 2024-08-01 2025-07-31 11086942 bus:Consolidated bus:HighestPaidDirector 2023-08-01 2024-07-31 11086942 bus:MediumEntities 2024-08-01 2025-07-31 11086942 bus:Audited 2024-08-01 2025-07-31 11086942 bus:Medium-sizedCompaniesRegimeForAccounts 2024-08-01 2025-07-31 11086942 bus:PrivateLimitedCompanyLtd 2024-08-01 2025-07-31 11086942 bus:FullAccounts 2024-08-01 2025-07-31 11086942 bus:OrdinaryShareClass1 2025-07-31 11086942 bus:Consolidated bus:OrdinaryShareClass1 2025-07-31 11086942 bus:OrdinaryShareClass1 2024-07-31 11086942 bus:Consolidated bus:OrdinaryShareClass1 2024-07-31
COMPANY REGISTRATION NUMBER: 11086942

IDSH LIMITED

FINANCIAL STATEMENTS

31 July 2025

IDSH LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025

Contents | Pages

Officers and professional advisers | 1

Strategic report | 2

Directors' report | 3 to 4

Independent auditor's report to the member | 5 to 8

Consolidated statement of comprehensive income | 9

Consolidated statement of financial position | 10

Company statement of financial position | 11

Consolidated statement of changes in equity | 12

Company statement of changes in equity | 13

Consolidated statement of cash flows | 14

Notes to the financial statements | 15 to 26

IDSH LIMITED

OFFICERS AND PROFESSIONAL ADVISERS

The board of directors | A O'Connell
| D J Barnes

Registered office | Numeric House
| 98 Station Road
| Sidcup
| Kent
| England
| DA15 7BY

Auditor | Affinia (Orpington)
| Chartered Accountants & statutory auditor
| Lynwood House
| Crofton Road
| Orpington
| Kent
| BR6 8QE

Bankers | National Westminster Bank Plc
| 1-7 Powis Street
| Woolwich
| London
| SE18 6LE

IDSH LIMITED

STRATEGIC REPORT

YEAR ENDED 31 JULY 2025
IDSH Limited is a holding company and is the parent company of Imperial Ductwork Services Holdings Limited, Imperial Ductwork Services Limited and Imperial Hygiene Solutions Limited. The overall performance of the company and return on investment is based on the performance of the trading subsidiaries.
Strategic Management The objective of the group is to increase market share in the manufacture and installation of ductwork ventilation systems sector. To achieve this objective the group's strategy is to deliver contracts to the highest level of quality and service, on time and snag free. The group companies' personnel have a wealth of experience in the ductwork ventilation sector and the engineering departments are fully supported by their in-house CAD resources.
Business Environment The sector the group companies operates in remains competitive, with continued pressure on raw material and subcontractors' costs. The group has a strong business relationship with a manufacturer of ductwork ventilation systems, which allows the group to ensure that the high quality of the products is maintained and produced on time. In the industry there is a potential liquidity risk due to monies being tied up in large, long-term contracts, however, the management regularly monitors the group's cashflow to manage this risk. The group is subject to various health and safety risks due to the nature of the business. The trading subsidiaries have their own dedicated health, safety and environmental department that ensure that all health and safety procedures are followed. Imperial Ductwork Services Limited is fully accredited to ISO standards 45001, 14001 and 9001.
Key Performance Indicators 1 Gross Profit Percentage The Gross Profit Percentage achieved by the group in 2025 was 18.9% and in 2024 it was 15.6%. This result was in-line with board expectations.. 2 Subcontractor Costs The subcontractors' costs in the group's 2025 financial statements, as a percentage of turnover, for the period was 35.1% and in 2024 it was 40.1%. The board are pleased with this result, given the current industry conditions.
This report was approved by the board of directors on 30 January 2026 and signed on behalf of the board by:

A O'Connell
Director

IDSH LIMITED

DIRECTORS' REPORT

YEAR ENDED 31 JULY 2025
The directors present their report and the financial statements of the group for the year ended 31 July 2025 .
Directors
The directors who served the company during the year were as follows:

A O'Connell |
D J Barnes |

Dividends
Particulars of recommended dividends are detailed in note 11 to the financial statements.
Future developments
With the group companies continuing to grow, the group have the resources in place to be able to successfully undertake larger contracts and compete within a highly competitive industry. These contracts are typically works on prestigious buildings which increases the profile of the group and can give a greater return. The board have made a strategic decision to effectively use their resources to undertake more of these larger contracts and therefore increase profitability in the future.
Directors' responsibilities statement
The directors are responsible for preparing the strategic report, directors' report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have 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 directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the group and the company and the profit or loss of the group for that period.
In preparing these financial statements, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgments and accounting estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Auditor
Each of the persons who is a director at the date of approval of this report confirms that:
- so far as they are aware, there is no relevant audit information of which the group and the company's auditor is unaware; and - they have taken all steps that they ought to have taken as a director to make themselves aware of any relevant audit information and to establish that the group and the company's auditor is aware of that information. The auditor is deemed to have been re-appointed in accordance with section 487 of the Companies Act 2006.
This report was approved by the board of directors on 30 January 2026 and signed on behalf of the board by:

A O'Connell
Director

IDSH LIMITED

INDEPENDENT AUDITOR'S REPORT TO THE MEMBER OF IDSH LIMITED

YEAR ENDED 31 JULY 2025
Opinion
We have audited the financial statements of IDSH Limited (the 'parent company') and its subsidiaries (the 'group') for the year ended 31 July 2025 which comprise the consolidated statement of comprehensive income, consolidated statement of financial position, company statement of financial position, consolidated statement of changes in equity, company statement of changes in equity, consolidated statement of cash flows and the related notes, 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 FRS 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: - give a true and fair view of the state of the group's and of the parent company's affairs as at 31 July 2025 and of the group's profit for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; - have been prepared in accordance with the requirements of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the group in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's or the parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Other information
The other information comprises the information included in the annual report, other than the financial statements and our auditor’s report thereon. The directors are responsible for the other information. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.
Opinions on other matters prescribed by the Companies Act 2006
In our opinion, based on the work undertaken in the course of the audit:
- the information given in the strategic report and the directors' report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
- the strategic report and the directors' report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
In the light of the knowledge and understanding of the group and the parent 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: - adequate accounting records have not been kept by the parent company, or returns adequate for our audit have not been received from branches not visited by us; or - the parent company financial statements are not in agreement with the accounting records and returns; or - certain disclosures of directors' remuneration specified by law are not made; or - we have not received all the information and explanations we require for our audit.
Responsibilities of directors
As explained more fully in the directors' responsibilities statement, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the directors are responsible for assessing the group's and the parent company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the group or the parent company or to cease operations, or have no realistic alternative but to do so.
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 in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 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 our procedures are capable of detecting irregularities, including fraud is detailed below: Our approach to identifying and assessing the risks of material misstatement in respect of irregularities, including fraud and non-compliance with laws and regulations, was as follows: - the engagement partner ensured that the engagement team collectively had the appropriate competence, capabilities and skills to identify or recognise non-compliance with applicable laws and regulations; - we identified the laws and regulations applicable to the company through discussions with directors and other management, and from our commercial knowledge and experience of investment holding companies; - we focused on specific laws and regulations which we considered may have a direct material effect on the financial statements or the operations of the company, including Companies Act 2006, taxation legislation, environmental and health and safety legislation; - we assessed the extent of compliance with the laws and regulations identified above through making enquiries of management and inspecting legal correspondence; and - identified laws and regulations were communicated within the audit team regularly and the team remained alert to instances of non-compliance throughout the audit. We assessed the susceptibility of the company's financial statements to material misstatement, including obtaining an understanding of how fraud might occur, by: - making enquiries of management as to where they considered there was susceptibility to fraud, their knowledge of actual, suspected and alleged fraud. - considering the internal controls in place to mitigate risks of fraud and non-compliance with laws and regulations. To address the risk of fraud through management bias and override of controls, we: - performed analytical procedures to identify any unusual or unexpected relationships; - tested journal entries to identify unusual transactions; - assessed whether judgements and assumptions made in determining the accounting estimates were indicative of potential bias - investigated the rationale behind significant or unusual transactions; and - observed and identified internal controls in place, specifically around payroll and bank transactions. In response to the risk of irregularities and non-compliance with laws and regulations, we designed procedures which included, but were not limited to: - agreeing financial statement disclosures to underlying supporting documentation; - enquiring of management as to actual and potential litigation and claims; and - reviewing correspondence with HMRC and reviewing for evidence of correspondence with legal advisors. There are inherent limitations in our audit procedures described above. The more removed that laws and regulations are from financial transactions, the less likely it is that we would become aware of non-compliance. Auditing standards also limit the audit procedures required to identify non-compliance with laws and regulations to enquiry of the directors and other management and the inspection of regulatory and legal correspondence, if any. Material misstatements that arise due to fraud can be harder to detect than those that arise from error as they may involve deliberate concealment or collusion. A further description of our responsibilities is available on the Financial Reporting Council's website at: https:www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. Use of our report
This report is made solely to the company's member, 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 member 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 member as a body, for our audit work, for this report, or for the opinions we have formed.

Christopher Jones FCCA
(Senior Statutory Auditor)

For and on behalf of
Affinia (Orpington)
Chartered Accountants & statutory auditor
Lynwood House
Crofton Road
Orpington
Kent
BR6 8QE

4 February 2026

IDSH LIMITED

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

YEAR ENDED 31 JULY 2025

| 2025 | 2024
Note | £ | £
Turnover | 4 | 50,737,640 | 38,600,767

Cost of sales | 41,130,701 | 32,558,221
| -------------- | --------------
Gross profit | 9,606,939 | 6,042,546

Administrative expenses | 7,050,141 | 5,116,688
|  | ------------ | ------------
Operating profit | 5 | 2,556,798 | 925,858

Other interest receivable and similar income | 9 | 42,385 | 30,060
| ------------ | ------------
Profit before taxation | 2,599,183 | 955,918

Tax on profit | 10 | 642,208 | 175,376
| ------------ | ----------
Profit for the financial year and total comprehensive income | 1,956,975 | 780,542
| ------------ | ----------

All the activities of the group are from continuing operations.

IDSH LIMITED

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

31 July 2025

|  | 2025 | 2024
Note |  | £ | £

Fixed assets

Intangible assets | 12 |  | 336,709 | 452,152
Tangible assets | 13 |  | 161,661 | 140,914
Investments | 14 |  | 3,009 | 66,792
|  | ---------- | ----------
|  | 501,379 | 659,858

Current assets

Debtors | 15 | 16,088,846 |  | 9,209,460
Cash at bank and in hand | 4,646,438 |  | 1,837,629
| -------------- |  | --------------
| 20,735,284 |  | 11,047,089

Creditors: amounts falling due within one year | 16 | 18,166,535 |  | 9,600,498
| -------------- |  | --------------
Net current assets |  | 2,568,749 | 1,446,591
|  | ------------ | ------------
Total assets less current liabilities |  | 3,070,128 | 2,106,449

Provisions | 17 |  | 21,540 | 14,836
|  | ------------ | ------------
Net assets |  | 3,048,588 | 2,091,613
|  | ------------ | ------------

Capital and reserves

Called up share capital | 21 |  | 50,000 | 50,000
Share premium account | 22 |  | 1,184,694 | 1,184,694
Profit and loss account | 22 |  | 1,813,894 | 856,919
|  | ------------ | ------------
Shareholder funds |  | 3,048,588 | 2,091,613
|  | ------------ | ------------

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 January 2026 , and are signed on behalf of the board by:

A O'Connell
Director

Company registration number: 11086942

IDSH LIMITED

COMPANY STATEMENT OF FINANCIAL POSITION

31 July 2025

|  | 2025 | 2024
Note |  | £ | £

Fixed assets

Investments | 14 |  | 3,103,009 | 3,166,792

Current assets

Cash at bank and in hand | 83,465 |  | 11,520

Creditors: amounts falling due within one year | 16 | 1,839,310 |  | 1,834,653
| ------------ |  | ------------
Net current liabilities |  | 1,755,845 | 1,823,133
|  | ------------ | ------------
Total assets less current liabilities |  | 1,347,164 | 1,343,659
|  | ------------ | ------------

Capital and reserves

Called up share capital | 21 |  | 50,000 | 50,000
Share premium account | 22 |  | 1,184,694 | 1,184,694
Profit and loss account | 22 |  | 112,470 | 108,965
|  | ------------ | ------------
Shareholder funds |  | 1,347,164 | 1,343,659
|  | ------------ | ------------

The profit for the financial year of the parent company was £ 1,003,505 (2024: £ 1,005,592 ).
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the medium companies regime.
These financial statements were approved by the board of directors and authorised for issue on 30 January 2026 , and are signed on behalf of the board by:

A O'Connell
Director

Company registration number: 11086942

IDSH LIMITED

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 JULY 2025

| Called up share capital | Share premium account | Profit and loss account | Total
| £ | £ | £ | £
At 1 August 2023 | 50,000 | 1,184,694 | 1,076,377 | 2,311,071
Profit for the year |  |  | 780,542 | 780,542
| -------- | ------------ | ------------ | ------------
Total comprehensive income for the year | – | – | 780,542 | 780,542
Dividends paid and payable | 11 | – | – | ( 1,000,000) | ( 1,000,000)
| -------- | ------------ | ------------ | ------------
Total investments by and distributions to owners | – | – | ( 1,000,000) | ( 1,000,000)
At 31 July 2024 | 50,000 | 1,184,694 | 856,919 | 2,091,613
Profit for the year |  |  | 1,956,975 | 1,956,975
| -------- | ------------ | ------------ | ------------
Total comprehensive income for the year | – | – | 1,956,975 | 1,956,975
Dividends paid and payable | 11 | – | – | ( 1,000,000) | ( 1,000,000)
| ---- | ---- | ------------ | ------------
Total investments by and distributions to owners | – | – | ( 1,000,000) | ( 1,000,000)
| -------- | ------------ | ------------ | ------------
At 31 July 2025 | 50,000 | 1,184,694 | 1,813,894 | 3,048,588
| -------- | ------------ | ------------ | ------------

IDSH LIMITED

COMPANY STATEMENT OF CHANGES IN EQUITY

YEAR ENDED 31 JULY 2025

| Called up share capital | Share premium account | Profit and loss account | Total
| £ | £ | £ | £
At 1 August 2023 | 50,000 | 1,184,694 | 103,373 | 1,338,067
Profit for the year |  |  | 1,005,592 | 1,005,592
| -------- | ------------ | ------------ | ------------
Total comprehensive income for the year | – | – | 1,005,592 | 1,005,592
Dividends paid and payable | 11 | – | – | ( 1,000,000) | ( 1,000,000)
| -------- | ------------ | ------------ | ------------
Total investments by and distributions to owners | – | – | ( 1,000,000) | ( 1,000,000)
At 31 July 2024 | 50,000 | 1,184,694 | 108,965 | 1,343,659
Profit for the year |  |  | 1,003,505 | 1,003,505
| -------- | ------------ | ------------ | ------------
Total comprehensive income for the year | – | – | 1,003,505 | 1,003,505
Dividends paid and payable | 11 | – | – | ( 1,000,000) | ( 1,000,000)
| ---- | ---- | ------------ | ------------
Total investments by and distributions to owners | – | – | ( 1,000,000) | ( 1,000,000)
| -------- | ------------ | ------------ | ------------
At 31 July 2025 | 50,000 | 1,184,694 | 112,470 | 1,347,164
| -------- | ------------ | ------------ | ------------

IDSH LIMITED

CONSOLIDATED STATEMENT OF CASH FLOWS

YEAR ENDED 31 JULY 2025

| 2025 | 2024
| £ | £

Cash flows from operating activities

Profit for the financial year | 1,956,975 | 780,542

Adjustments for: |  |
Depreciation of tangible assets | 43,065 | 37,014
Amortisation of intangible assets | 115,443 | 115,443
Other interest receivable and similar income | ( 42,385) | ( 30,060)
Loss on disposal of tangible assets | 15,000 | –
Tax on profit | 642,208 | 175,376

Changes in: |  |
Trade and other debtors | ( 6,879,366) | ( 1,343,538)
Trade and other creditors | 8,034,588 | 1,044,109
| ------------ | ------------
Cash generated from operations | 3,885,528 | 778,886

Interest received | 38,802 | 24,390
Tax paid | ( 270,292) | ( 90,671)
| ------------ | ----------
Net cash from operating activities | 3,654,038 | 712,605
| ------------ | ----------

Cash flows from investing activities

Purchase of tangible assets | ( 78,812) | ( 36,964)
Proceeds from sale of tangible assets | – | 18,498
Proceeds from sale of other investments | 67,366 | –
| ------------ | ----------
Net cash used in investing activities | ( 11,446) | ( 18,466)
| ------------ | ----------

Cash flows from financing activities

Proceeds from borrowings | 166,237 | 205,003
Dividends paid | ( 1,000,000) | ( 1,000,000)
| ------------ | ------------
Net cash used in financing activities | ( 833,763) | ( 794,997)
| ------------ | ------------

Net increase/(decrease) in cash and cash equivalents | 2,808,829 | ( 100,858)
Cash and cash equivalents at beginning of year | 1,837,629 | 1,938,487
| ------------ | ------------
Cash and cash equivalents at end of year | 4,646,458 | 1,837,629
| ------------ | ------------

IDSH LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 JULY 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Numeric House, 98 Station Road, Sidcup, Kent, DA15 7BY, England.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Debtors
Debtors are initially recorded at fair value and are assessed for impairment at each reporting date. If any impairments exist the debtors are remeasured to the present value of the expected future cash inflows.
Going concern
The financial statement have been prepared on the going concern basis. The directors have assessed the company's ability to continue as a going concern for a period of at least 12 months from the reporting date. Based on current projections, reasonable forecasts, and confirmed future projects, they are satisfied that the company will continue to meet its liabilities as they fall due and will remain in operation for the foreseeable future.
Creditors
Creditors are initially recorded at fair value and are then remeasured to the present value of the expected future cash outflows.
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) Disclosures in respect of each class of share capital have not been presented. (b) No cash flow statement has been presented for the company. (c) No disclosure has been given for the aggregate remuneration of key management personnel.
Consolidation
The financial statements consolidate the financial statements of IDSH Limited and all of its subsidiary undertakings. The results of subsidiaries acquired or disposed of during the year are included from or to the date that control passes. The parent company has applied the exemption contained in section 408 of the Companies Act 2006 and has not included its individual statement of comprehensive income.
Judgements and 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: The key source of estimation uncertainty is revenue recognition on long term contracts. Profits on long term contracts are accrued evenly over the life of the contract. There are two estimated factors that are used in calculating the carrying amounts, being an estimated budgeted gross profit percentage and the estimated percentage of completion. The carrying amounts of the estimated contract values as at 31st July 2025 are amounts recoverable on contracts £6,960,177(2024: £4,649,772), uninvoiced sales £364,664 (2024: £983,976) and payments received on account (£6,955,028) (2024: £(4,253,642))
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period. When the outcome of a transaction involving the rendering of services cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable. Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that it is probable the expenses recognised will be recovered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
Goodwill
Goodwill arises on business acquisitions and represents the excess of the cost of the acquisition over the company's interest in the net amount of the identifiable assets, liabilities and contingent liabilities of the acquired business. Goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. It is amortised on a straight-line basis over its useful life. Where a reliable estimate of the useful life of goodwill or intangible assets cannot be made, the life is presumed not to exceed ten years.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:

| Goodwill | - | 10 years straight line

If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Research and development
Research expenditure is written off in the period in which it is incurred. Development expenditure incurred is capitalised as an intangible asset only when all of the following criteria are met: - It is technically feasible to complete the intangible asset so that it will be available for use or sale; - There is the intention to complete the intangible asset and use or sell it; - There is the ability to use or sell the intangible asset; - The use or sale of the intangible asset will generate probable future economic benefits; - There are adequate technical, financial and other resources available to complete the development and to use or sell the intangible asset; and - The expenditure attributable to the intangible asset during its development can be measured reliably. Expenditure that does not meet the above criteria is expensed as incurred.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

| Plant and machinery | - | 20% reducing balance
| Fixtures and fittings | - | 20% reducing balance
| Motor vehicles | - | 25% reducing balance

Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
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. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Turnover
Turnover arises from:

| 2025 | 2024
| £ | £
Rendering of services | 451,209 | 388,096
Construction contracts | 50,286,431 | 38,212,671
| -------------- | --------------
| 50,737,640 | 38,600,767
| -------------- | --------------

The whole of the turnover is attributable to the principal activity of the group wholly undertaken in the United Kingdom.
5. Operating loss
Operating profit or loss is stated after charging:

| 2025 | 2024
| £ | £
Amortisation of intangible assets | 115,443 | 115,443
Depreciation of tangible assets | 43,065 | 37,014
Loss on disposal of tangible assets | 15,000 | –
Research and development expenditure written off | 601,144 | 428,224
| ---------- | ----------

6. Auditor's remuneration

| 2025 | 2024
| £ | £
Fees payable for the audit of the financial statements | 24,000 | 22,000
| -------- | --------

Fees payable to the company's auditor and its associates for other services:

Other non-audit services | 11,239 | 9,407
| -------- | --------

7. Staff costs
The average number of persons employed by the group during the year, including the directors, amounted to:

| 2025 | 2024
| No. | No.
Production staff | 8 | 7
Administrative staff | 54 | 54
Management staff | 8 | 8
| ---- | ----
| 70 | 69
| ---- | ----

The aggregate payroll costs incurred during the year, relating to the above, were:

| 2025 | 2024
| £ | £
Wages and salaries | 4,013,072 | 2,665,041
Social security costs | 533,141 | 323,347
Other pension costs | 198,619 | 183,790
| ------------ | ------------
| 4,744,832 | 3,172,178
| ------------ | ------------

8. Directors' remuneration
The directors' aggregate remuneration in respect of qualifying services was:

| 2025 | 2024
| £ | £
Remuneration | 1,235,387 | 628,256
Company contributions to defined contribution pension plans | 130,192 | 130,192
| ------------ | ----------
| 1,365,579 | 758,448
| ------------ | ----------

The number of directors who accrued benefits under company pension plans was as follows:

| 2025 | 2024
| No. | No.
Defined contribution plans | 5 | 5
| ---- | ----

Remuneration of the highest paid director in respect of qualifying services:

| 2025 | 2024
| £ | £
Aggregate remuneration | 387,145 | 150,100
| ---------- | ----------

9. Other interest receivable and similar income

| 2025 | 2024
| £ | £
Interest on cash and cash equivalents | 38,802 | 24,390
Gain on fair value adjustment of financial assets at fair value through profit or loss | 3,583 | 5,670
| -------- | --------
| 42,385 | 30,060
| -------- | --------

10. Tax on profit
Major components of tax expense

| 2025 | 2024
| £ | £

Current tax:

UK current tax income | 635,504 | 109,341
Adjustments in respect of prior periods | – | 10,671
| ---------- | ----------
Total current tax | 635,504 | 120,012
| ---------- | ----------

Deferred tax:

Origination and reversal of timing differences | 6,704 | 55,364
| ---------- | ----------
Tax on profit | 642,208 | 175,376
| ---------- | ----------

Reconciliation of tax expense
The tax assessed on the profit on ordinary activities for the year is lower than (2024: lower than) the standard rate of corporation tax in the UK of 25 % (2024: 25 %).

| 2025 | 2024
| £ | £
Profit on ordinary activities before taxation | 2,599,183 | 955,918
| ------------ | ----------
Profit on ordinary activities by rate of tax | 649,638 | 238,979
Adjustment to tax charge in respect of prior periods | – | 10,671
Effect of expenses not deductible for tax purposes | 83,310 | 43,730
Effect of capital allowances and depreciation | ( 6,715) | 26,021
Effect of different UK tax rates on some earnings | – | (254)
Utilisation of tax losses | – | ( 50,714)
Unused tax losses | 20 | –
Effect of fair value adjustment | (896) | (1,417)
Other tax adjustment to decrease tax liability | (89,853) | (147,004)
Effect of deferred taxation | 6,704 | 55,364
| ------------ | ----------
Tax on profit | 642,208 | 175,376
| ------------ | ----------

11. Dividends

| 2025 | 2024
| £ | £
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) | 1,000,000 | 1,000,000
| ------------ | ------------

12. Intangible assets

Group | Goodwill
| £
Cost |
At 1 August 2024 and 31 July 2025 | 1,154,430
| ------------
Amortisation |
At 1 August 2024 | 702,278
Charge for the year | 115,443
| ------------
At 31 July 2025 | 817,721
| ------------
Carrying amount |
At 31 July 2025 | 336,709
| ------------
At 31 July 2024 | 452,152
| ------------

The company has no intangible assets.
13. Tangible assets

Group | Plant and machinery | Fixtures and fittings | Motor vehicles | Total
| £ | £ | £ | £
Cost |  |  |  |
At 1 August 2024 | 30,222 | 123,058 | 80,223 | 233,503
Additions | – | 78,812 | – | 78,812
Disposals | – | – | ( 29,150) | ( 29,150)
| -------- | ---------- | -------- | ----------
At 31 July 2025 | 30,222 | 201,870 | 51,073 | 283,165
| -------- | ---------- | -------- | ----------
Depreciation |  |  |  |
At 1 August 2024 | 17,025 | 44,403 | 31,161 | 92,589
Charge for the year | 2,638 | 30,365 | 10,062 | 43,065
Disposals | – | – | ( 14,150) | ( 14,150)
| -------- | ---------- | -------- | ----------
At 31 July 2025 | 19,663 | 74,768 | 27,073 | 121,504
| -------- | ---------- | -------- | ----------
Carrying amount |  |  |  |
At 31 July 2025 | 10,559 | 127,102 | 24,000 | 161,661
| -------- | ---------- | -------- | ----------
At 31 July 2024 | 13,197 | 78,655 | 49,062 | 140,914
| -------- | ---------- | -------- | ----------

The company has no tangible assets.
14. Investments

Group | Other investments
| £
Cost |
At 1 August 2024 | 66,792
Disposals | ( 67,366)
Revaluations | 3,583
| --------
At 31 July 2025 | 3,009
| --------
Impairment |
At 1 August 2024 and 31 July 2025 | –
| --------

Carrying amount |
At 31 July 2025 | 3,009
| --------
At 31 July 2024 | 66,792
| --------

Company | Shares in group undertakings | Other investments | Total
| £ | £ | £
Cost |  |  |
At 1 August 2024 | 3,100,000 | 66,792 | 3,166,792
Disposals | – | ( 67,366) | ( 67,366)
Revaluations | – | 3,583 | 3,583
| ------------ | -------- | ------------
At 31 July 2025 | 3,100,000 | 3,009 | 3,103,009
| ------------ | -------- | ------------
Impairment |  |  |
At 1 August 2024 and 31 July 2025 | – | – | –
| ------------ | -------- | ------------

Carrying amount |  |  |
At 31 July 2025 | 3,100,000 | 3,009 | 3,103,009
| ------------ | -------- | ------------
At 31 July 2024 | 3,100,000 | 66,792 | 3,166,792
| ------------ | -------- | ------------

Subsidiaries, associates and other investments
Details of the investments in which the group and the parent company have an interest of 20% or more are as follows:

| Class of share | Percentage of shares held
Subsidiary undertakings |  |
Imperial Ductwork Services Holdings Limited | Ordinary | 100
Imperial Ductwork Services Limited | Ordinary | 100
Imperial Hygiene Solutions Limited | Ordinary | 100

15. Debtors

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Trade debtors | 7,241,010 | 3,210,675 | – | –
Prepayments and accrued income | 861,019 | 1,094,937 | – | –
Amounts recoverable on contracts | 6,960,177 | 4,649,772 | – | –
Other debtors | 1,026,640 | 254,076 | – | –
| -------------- | ------------ | ---- | ----
| 16,088,846 | 9,209,460 | – | –
| -------------- | ------------ | ---- | ----

The debtors above include the following amounts falling due after more than one year:

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Trade debtors | 9,406 | 24,599 | – | –
Amounts recoverable on contracts | 974,959 | 334,335 | – | –
| ---------- | ---------- | ---- | ----
| 984,365 | 358,934 | – | –
| ---------- | ---------- | ---- | ----

16. Creditors: amounts falling due within one year

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Trade creditors | 2,514,061 | 4,814,623 | – | –
Amounts owed to group undertakings | – | – | 1,839,310 | 1,834,653
Accruals and deferred income | 13,938,056 | 4,279,642 | – | –
Corporation tax | 394,553 | 29,341 | – | –
Social security and other taxes | 193,976 | 143,488 | – | –
Director loan accounts | 458,740 | 292,503 | – | –
Other creditors | 667,149 | 40,901 | – | –
| -------------- | ------------ | ------------ | ------------
| 18,166,535 | 9,600,498 | 1,839,310 | 1,834,653
| -------------- | ------------ | ------------ | ------------

17. Provisions

Group | Deferred tax (note 18)
| £
At 1 August 2024 | 14,836
Additions | 7,363
Charge against provision | ( 659)
| --------
At 31 July 2025 | 21,540
| --------

The company does not have any provisions.
18. Deferred tax
The deferred tax included in the statement of financial position is as follows:

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Included in provisions (note 17) | 21,540 | 14,836 | – | –
| -------- | -------- | ---- | ----

The deferred tax account consists of the tax effect of timing differences in respect of:

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Accelerated capital allowances | 21,540 | 14,836 | – | –
| -------- | -------- | ---- | ----

19. Employee benefits
Defined contribution plans
The amount recognised in profit or loss as an expense in relation to defined contribution plans was £ 68,427 (2024: £ 53,598 ).
20. Financial instruments
The carrying amount for each category of financial instrument is as follows:
Financial assets measured at fair value through profit or loss

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Trade debtors | 7,605,674 | 4,194,651 | – | –
Amounts recoverable on contracts | 6,960,177 | 4,649,772 | – | –
| -------------- | ------------ | ---- | ----
| 14,565,851 | 8,844,423 | – | –
| -------------- | ------------ | ---- | ----

Financial liabilities measured at fair value through profit or loss

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Trade creditors | 9,469,089 | 4,814,623 | – | –
| ------------ | ------------ | ---- | ----

21. Called up share capital
Issued, called up and fully paid

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £ 1 each | 50,000 | 50,000 | 50,000 | 50,000
| -------- | -------- | -------- | --------

22. Reserves
Share premium account - This reserve records the amount above the nominal value received for shares sold, less transaction costs. Profit and loss account - This reserve records retained earnings and accumulated losses.
23. Analysis of changes in net debt

| At 1 Aug 2024 | Cash flows | At 31 Jul 2025
| £ | £ | £
Cash at bank and in hand | 1,837,629 | 2,808,809 | 4,646,438
Debt due within one year | (292,503) | (166,237) | (458,740)
| ------------ | ------------ | ------------
| 1,545,126 | 2,642,572 | 4,187,698
| ------------ | ------------ | ------------

IDSH LIMITED

NOTES TO THE FINANCIAL STATEMENTS (continued)

YEAR ENDED 31 JULY 2025
24. Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| Group | Company
| 2025 | 2024 | 2025 | 2024
| £ | £ | £ | £
Not later than 1 year | 122,007 | 157,396 | – | –
Later than 1 year and not later than 5 years | 216,629 | 338,636 | – | –
| ---------- | ---------- | ---- | ----
| 338,636 | 496,032 | – | –
| ---------- | ---------- | ---- | ----

25. Related party transactions
Group
During the year the group purchased goods and materials to the value of £4,342,804 from Imperial Ductwork Manufacturing Limited. At the balance sheet date the group owed Imperial Ductwork Manufacturing Limited £141,118, which is included within trade creditors. The group and Imperial Ductwork Manufacturing Limited are related by the virtue of the fact that they both have directors in common. The transactions were completed under standard trading terms and conditions, the payables are due 60 days from invoice date.
26. Controlling party
IDSH limited and it's Subsidiaries were controlled by Mr A O'connell by the virtue of the fact that he is the majority shareholder of IDSH Limited