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Company Registration No. SC287591 (Scotland)
Industrial Access Systems Limited Unaudited accounts for the year ended 31 July 2025
Industrial Access Systems Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Industrial Access Systems Limited Company Information for the year ended 31 July 2025
Directors
Shaun Donnelly Anne Donnelly
Company Number
SC287591 (Scotland)
Registered Office
Unit 15, Queenslie Point Queenslie Industrial Estate Glasgow G33 3NQ Scotland
Accountants
Malcolm Shepherd & Co Ltd C.A. 151 Kirkintilloch Road Bishopbriggs Glasgow G64 2LS
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Industrial Access Systems Limited Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
23,125
39,437
Tangible assets
5
683,709
423,612
706,834
463,049
Current assets
Inventories
159,555
120,875
Debtors
6
129,170
124,330
Cash at bank and in hand
107,584
30,589
396,309
275,794
Creditors: amounts falling due within one year
7
(456,168)
(415,146)
Net current liabilities
(59,859)
(139,352)
Total assets less current liabilities
646,975
323,697
Creditors: amounts falling due after more than one year
8
(573,498)
(336,082)
Net assets/(liabilities)
73,477
(12,385)
Capital and reserves
Called up share capital
18
18
Revaluation reserve
95,000
95,000
Profit and loss account
(21,541)
(107,403)
Shareholders' funds
73,477
(12,385)
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2026 and were signed on its behalf by
Shaun Donnelly Director Company Registration No. SC287591
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Industrial Access Systems Limited Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
Industrial Access Systems Limited is a private company, limited by shares, registered in Scotland, registration number SC287591. The registered office is Unit 15, Queenslie Point, Queenslie Industrial Estate, Glasgow, G33 3NQ, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 August 2024
163,121
At 31 July 2025
163,121
Amortisation
At 1 August 2024
123,684
Charge for the year
16,312
At 31 July 2025
139,996
Net book value
At 31 July 2025
23,125
At 31 July 2024
39,437
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Industrial Access Systems Limited Notes to the Accounts for the year ended 31 July 2025
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
597,121
274,304
12,095
883,520
Additions
535,565
-
2,014
537,579
Disposals
(125,471)
-
-
(125,471)
At 31 July 2025
1,007,215
274,304
14,109
1,295,628
Depreciation
At 1 August 2024
301,921
148,977
9,010
459,908
Charge for the year
196,030
31,334
1,275
228,639
On disposals
(76,628)
-
-
(76,628)
At 31 July 2025
421,323
180,311
10,285
611,919
Net book value
At 31 July 2025
585,892
93,993
3,824
683,709
At 31 July 2024
295,200
125,327
3,085
423,612
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
128,945
124,305
Other debtors
225
25
129,170
124,330
7
Creditors: amounts falling due within one year
2025
2024
£
£
VAT
2,845
2,174
Obligations under finance leases and hire purchase contracts
243,257
201,716
Trade creditors
180,594
179,592
Taxes and social security
9,204
8,359
Loans from directors
8,767
12,629
Accruals
11,501
10,676
456,168
415,146
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
573,498
336,082
9
Average number of employees
During the year the average number of employees was 9 (2024: 9).
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