REGISTERED NUMBER: 01636922 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

FOR

INDUSTRIAL INSULATION COMPANY

LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr CL Jones

Mr NM Hammonds

Mr MD Bashford

SECRETARY:

Mrs CA Jones

REGISTERED OFFICE:

5 Nursery Court

Kibworth Business Park

Kibworth Harcourt

Leicestershire

LE8 0EX

REGISTERED NUMBER:

01636922 (England and Wales)

FIXED ASSETS

Tangible assets

4

117,600

153,771

CURRENT ASSETS

Debtors

5

2,200,550

1,832,113

Cash at bank and in hand

311,468

425,097

2,512,018

2,257,210

CREDITORS

Amounts falling due within one year

6

2,212,903

2,037,067

NET CURRENT ASSETS

299,115

220,143

TOTAL ASSETS LESS CURRENT LIABILITIES

416,715

373,914

CREDITORS

Amounts falling due after more than one year

7

(8,750

)

(97,018

)

PROVISIONS FOR LIABILITIES

(26,818

)

(16,018

)

NET ASSETS

381,147

260,878

CAPITAL AND RESERVES

Called up share capital

11,008

11,008

Retained earnings

370,139

249,870

SHAREHOLDERS' FUNDS

381,147

260,878

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

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

The directors acknowledge their 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 Board of Directors and authorised for issue on 6 May 2026 and were signed on its behalf by:

Mr NM Hammonds - Director

Mr MD Bashford - Director

1.	STATUTORY INFORMATION

Industrial Insulation Company Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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

Revenue comprises the fair value for the provision of construction services excluding value added taxes and represents net invoice value less estimated rebates and settlement discounts.

The company supplies services to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on provision of the services.

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

-

15% on reducing balance

Fixtures and fittings

-

20% on cost, 15% on reducing balance and 15% on cost

Motor vehicles

-

25% on reducing balance

Fixed assets are reviewed for impairment if events or changes in circumstances indicate that the carrying amount may not be recoverable or as otherwise required by relevant accounting standards.

Shortfalls between the carrying value of fixed assets and their recoverable amounts, being the higher of fair value less costs to sell and value-in-use, are recognised as impairment losses. Impairments of revalued assets are treated as a revaluation decrease. All other impairment losses are recognised in profit and loss.

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.

Hire purchase and leasing commitments

Assets held under finance leases and hire purchase contracts are capitalised in the balance sheet at their fair value and depreciated over their expected useful lives. The interest elements of leasing payments represents a constant proportion of the capital balance outstanding and is charged to the profit and loss account over the period of the lease.

All other leases are regarded as operating leases and the payments made under them are charged to the profit and loss account on a straight line basis over the lease term.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Long term contracts

The attributable profit on long term contracts is recognised once their outcome can be assessed with reasonable certainty. The profit recognised reflects the proportion of work completed to date on the project.

Costs associated with long term contracts are included in the work in progress to the extent that they cannot be matched with contract work accounted for as turnover. Long term contract balances included in work in progress are stated at cost, after provision has been made for any foreseeable losses and the deduction of applicable payments on account.

Full provision is made for losses on all contracts in the year in which the loss is first foreseen.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2024 - 19 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Motor

machinery

fittings

vehicles

Totals

£

£

£

£

COST

At 1 November 2024

3,759

94,289

295,089

393,137

Additions

-

1,663

-

1,663

At 31 October 2025

3,759

95,952

295,089

394,800

DEPRECIATION

At 1 November 2024

3,734

85,663

149,969

239,366

Charge for year

4

1,550

36,280

37,834

At 31 October 2025

3,738

87,213

186,249

277,200

NET BOOK VALUE

At 31 October 2025

21

8,739

108,840

117,600

At 31 October 2024

25

8,626

145,120

153,771

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

582,743

734,700

Amounts owed by group undertakings

294,841

198,347

Amounts recoverable on contract

1,200,228

823,636

VAT

110,068

64,683

Prepayments

12,670

10,747

2,200,550

1,832,113

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

39,584

50,000

Hire purchase contracts

48,684

48,860

Payments on account

65,564

29,832

Trade creditors

1,003,511

940,038

Amounts owed to group undertakings

506,576

619,656

Taxation

92,551

86,146

Paye/Ni payable

24,475

27,225

Other creditors

327,337

127,742

Directors' current accounts

15,980

-

Accruals and deferred income

88,641

107,568

2,212,903

2,037,067

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 1-2 years

-

39,584

Hire purchase contracts

8,750

57,434

8,750

97,018

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts

57,434

106,294

The hire purchase loans are secured on the assets to which they relate.

9.	PENSION COMMITMENTS

The company operates defined contribution pension schemes. The assets of the scheme are held separately from those of the company within independently administered funds. The total contributions paid in the year amounted to £212,994 (2024: £45,082).