1 September 2024 false No description of principal activity Taxfiler 2024.6 04052368 business:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 04052368 2024-08-31 04052368 2024-09-01 2025-08-31 04052368 business:AuditExemptWithAccountantsReport 2024-09-01 2025-08-31 04052368 business:FilletedAccounts 2024-09-01 2025-08-31 04052368 2025-08-31 04052368 business:Director1 2024-09-01 2025-08-31 04052368 business:Director2 2024-09-01 2025-08-31 04052368 business:Director3 2024-09-01 2025-08-31 04052368 business:Director4 2024-09-01 2025-08-31 04052368 business:CompanySecretary1 2024-09-01 2025-08-31 04052368 business:RegisteredOffice 2024-09-01 2025-08-31 04052368 2024-08-31 04052368 core:WithinOneYear 2025-08-31 04052368 core:WithinOneYear 2024-08-31 04052368 core:AfterOneYear 2025-08-31 04052368 core:AfterOneYear 2024-08-31 04052368 core:ShareCapital core:PreviouslyStatedAmount 2025-08-31 04052368 core:ShareCapital core:PreviouslyStatedAmount 2024-08-31 04052368 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2025-08-31 04052368 core:RetainedEarningsAccumulatedLosses core:PreviouslyStatedAmount 2024-08-31 04052368 core:PreviouslyStatedAmount 2025-08-31 04052368 core:PreviouslyStatedAmount 2024-08-31 04052368 business:SmallEntities 2024-09-01 2025-08-31 04052368 countries:EnglandWales 2024-09-01 2025-08-31 04052368 core:PlantMachinery 2024-09-01 2025-08-31 04052368 core:MotorVehicles 2024-09-01 2025-08-31 04052368 core:Goodwill 2024-08-31 04052368 core:Goodwill 2025-08-31 04052368 core:Goodwill 2024-09-01 2025-08-31 04052368 core:PlantMachinery 2024-08-31 04052368 core:MotorVehicles 2024-08-31 04052368 core:PlantMachinery 2025-08-31 04052368 core:MotorVehicles 2025-08-31 04052368 2023-09-01 2024-08-31 iso4217:GBP xbrli:pure
Company Registration No. 04052368 (England and Wales)
I.S.M. Construction Limited Unaudited accounts for the year ended 31 August 2025
I.S.M. Construction Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
- 2 -
I.S.M. Construction Limited Company Information for the year ended 31 August 2025
Directors
James Dow Davidson Spowart Ian Spowart Michael Spowart Sybil Caroline Spowart
Secretary
Sybil Caroline Spowart
Company Number
04052368 (England and Wales)
Registered Office
2 Hassness Close Wigan Lancashire WN3 5RL England
Accountants
FAO Accountancy Services Ltd 101 Melrose Drive Wigan WN3 6EG
- 3 -
I.S.M. Construction Limited Statement of financial position as at 31 August 2025
2025
2024
Notes
£
£
Fixed assets
Intangible assets
4
4,000
8,000
Tangible assets
5
169,401
181,723
173,401
189,723
Current assets
Inventories
1,264
1,117
Debtors
6
1,272,155
621,479
Cash at bank and in hand
309,802
691,245
1,583,221
1,313,841
Creditors: amounts falling due within one year
7
(259,837)
(229,439)
Net current assets
1,323,384
1,084,402
Total assets less current liabilities
1,496,785
1,274,125
Creditors: amounts falling due after more than one year
8
(1,968)
(23,619)
Provisions for liabilities
Deferred tax
(42,530)
(45,607)
Net assets
1,452,287
1,204,899
Capital and reserves
Called up share capital
85
85
Profit and loss account
1,452,202
1,204,814
Shareholders' funds
1,452,287
1,204,899
For the year ending 31 August 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 20 May 2026 and were signed on its behalf by
Michael Spowart Director Company Registration No. 04052368
- 4 -
I.S.M. Construction Limited Notes to the Accounts for the year ended 31 August 2025
1
Statutory information
I.S.M. Construction Limited is a private company, limited by shares, registered in England and Wales, registration number 04052368. The registered office is 2 Hassness Close, Wigan, Lancashire, WN3 5RL, England.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.
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:
Plant & machinery
20% on reducing balance
Motor vehicles
25% on reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
I.S.M. Construction Limited Notes to the Accounts for the year ended 31 August 2025
Leased assets
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term. Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
4
Intangible fixed assets
Goodwill
£
Cost
At 1 September 2024
80,000
At 31 August 2025
80,000
Amortisation
At 1 September 2024
72,000
Charge for the year
4,000
At 31 August 2025
76,000
Net book value
At 31 August 2025
4,000
At 31 August 2024
8,000
5
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 September 2024
427,734
169,553
597,287
Additions
4,481
30,290
34,771
At 31 August 2025
432,215
199,843
632,058
Depreciation
At 1 September 2024
291,602
123,962
415,564
Charge for the year
28,123
18,970
47,093
At 31 August 2025
319,725
142,932
462,657
Net book value
At 31 August 2025
112,490
56,911
169,401
At 31 August 2024
136,132
45,591
181,723
- 6 -
I.S.M. Construction Limited Notes to the Accounts for the year ended 31 August 2025
6
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
369,571
300,209
Other debtors
113,584
106,270
483,155
406,479
Amounts falling due after more than one year
Amounts due from group undertakings etc.
789,000
215,000
7
Creditors: amounts falling due within one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
23,619
23,619
Trade creditors
48,997
86,360
Taxes and social security
159,644
98,911
Other creditors
297
612
Loans from directors
19,207
16,496
Accruals
8,073
3,441
259,837
229,439
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Obligations under finance leases and hire purchase contracts
1,968
23,619
9
Transactions with related parties
Included in long term debtors is a loan of £789,000 due from I.S.M. Housing Limited, an associated company under common control. The loan is currently interest free and is repayable upon the sale of properties held by I.S.M. Housing Limited.
10
Average number of employees
During the year the average number of employees was 13 (2024: 12).
- 7 -