REGISTERED NUMBER: 04816306 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2025

FOR

INDUSTRIAL ELECTRONIC REPAIRS LTD

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTOR:

L V Wardall

SECRETARY:

M S Oliver

REGISTERED OFFICE:

Unit 10/11

Business Centre West

Avenue One

Letchworth

SG6 2HB

REGISTERED NUMBER:

04816306 (England and Wales)

ACCOUNTANTS:

Thompsons Accountancy Services Ltd

2 Manor Farm Court Old Wolverton Road

Old Wolverton

Milton Keynes

Buckinghamshire

MK12 5NN

FIXED ASSETS

Tangible assets

5

396,176

430,123

CURRENT ASSETS

Stocks

6

69,780

67,748

Debtors

7

791,147

720,679

Cash at bank and in hand

84,537

88,939

945,464

877,366

CREDITORS

Amounts falling due within one year

8

364,123

366,138

NET CURRENT ASSETS

581,341

511,228

TOTAL ASSETS LESS CURRENT LIABILITIES

977,517

941,351

CREDITORS

Amounts falling due after more than one year

9

125,042

153,176

NET ASSETS

852,475

788,175

CAPITAL AND RESERVES

Allotted, called up and fully

paid share capital

20

20

Retained earnings

852,455

788,155

852,475

788,175

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 19 May 2026 and were signed by:

L V Wardall - Director

1.	STATUTORY INFORMATION

Industrial Electronic Repairs Ltd 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

BASIS OF PREPARING THE FINANCIAL STATEMENTS

The financial statements have been prepared under the historical cost convention.

TURNOVER

Turnover represents net invoiced sales of goods and services, excluding value added tax, except in respect of service contracts where turnover is recognised when the company obtains the right to consideration.

TANGIBLE FIXED ASSETS

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

Improvements to property

-

10% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

33% on cost

STOCKS

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

TAXATION

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

DEFERRED TAX

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 26 (2024 - 23 ) .

5.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

Plant and

and

to property

machinery

fittings

£

£

£

COST

At 1 September 2024

14,664

21,743

26,616

Additions

-

8,730

11,701

Disposals

-

-

-

At 31 August 2025

14,664

30,473

38,317

DEPRECIATION

At 1 September 2024

4,646

12,292

14,617

Charge for year

1,467

3,272

3,673

Eliminated on disposal

-

-

-

At 31 August 2025

6,113

15,564

18,290

NET BOOK VALUE

At 31 August 2025

8,551

14,909

20,027

At 31 August 2024

10,018

9,451

11,999

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 September 2024

477,839

20,932

561,794

Additions

101,726

9,134

131,291

Disposals

(83,836

)

(2,262

)

(86,098

)

At 31 August 2025

495,729

27,804

606,987

DEPRECIATION

At 1 September 2024

82,888

17,228

131,671

Charge for year

87,080

3,127

98,619

Eliminated on disposal

(17,217

)

(2,262

)

(19,479

)

At 31 August 2025

152,751

18,093

210,811

NET BOOK VALUE

At 31 August 2025

342,978

9,711

396,176

At 31 August 2024

394,951

3,704

430,123

6.

STOCKS

2025

2024

£

£

Stocks

69,780

67,748

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

439,269

435,118

Other debtors

46,394

6,694

Sales finance

292,163

262,365

Prepayments

13,321

16,502

791,147

720,679

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases

101,843

123,236

Trade creditors

141,188

129,248

Tax

5,217

-

Social security and other taxes

40,140

23,729

VAT

55,184

69,124

Other creditors

16,296

13,721

Directors' current accounts

1,649

5,071

Accrued expenses

2,606

2,009

364,123

366,138

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts and finance leases

125,042

153,176

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Hire purchase contracts and finance leases

226,885

276,412

Hire purchase and lease finance contracts are secured over the assets to which they relate.

The company's bank account and invoice discounting facilities are secured by a general debenture against the company's assets.

11.	OTHER FINANCIAL COMMITMENTS

The company had total guarantees and commitments as at the balance sheet date of £355,823 (2024 £195,891)

12.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 August 2025 and 31 August 2024:

2025

2024

£

£

L V Wardall

Balance outstanding at start of year

-

-

Amounts advanced

121,374

81,440

Amounts repaid

(121,374

)

(81,440

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

-

The director pays interest at the rate of 3.25% (2.25% last year) on the average outstanding balance when the loan from the company exceeds £10,000. During the year the director was required to pay interest of £1,671.65. (2024 £327.53).

13.	RELATED PARTY DISCLOSURES

Kathcal Industrial Electronic Repairs Limited

Associated company

At the balance sheet date Kathcal Industrial Electronic Repairs Limited owed the company £40,000 (2024 - NIL). The loan is interest free and repayable on demand.