Ivor Innes Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 01278997 (England and Wales)

Ivor Innes Limited

Unaudited Financial Statements

For The Year Ended 30 September 2025

Page

Company Information

1

Chartered Accountants' Report

2

Abridged Balance Sheet

3

Notes to the Financial Statements

5

DIRECTORS:

I D Innes

Mrs J A Innes

D I Innes

Mrs N Rennardson

P Cox

SECRETARY:

D I Innes

REGISTERED OFFICE:

11-13 The Square

Hessle

East Yorkshire

HU13 0AF

REGISTERED NUMBER:

01278997 (England and Wales)

ACCOUNTANTS:

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

BANKERS:

National Westminster Bank Plc

11 South Lane

Hessle

East Yorkshire

HU13 ORR

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Ivor Innes Limited for the year ended 30 September 2025 which comprise the Income Statement, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Ivor Innes Limited, as a body, in accordance with the terms of our engagement letter dated 26 May 2022. Our work has been undertaken solely to prepare for your approval the financial statements of Ivor Innes Limited and state those matters that we have agreed to state to the Board of Directors of Ivor Innes Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ivor Innes Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Ivor Innes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Ivor Innes Limited. You consider that Ivor Innes Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Ivor Innes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Ingham & Co.

Chartered Accountants

George Stanley House

2 West Parade Road

Scarborough

North Yorkshire

YO12 5ED

6 May 2026

FIXED ASSETS

Intangible assets

4

-

Tangible assets

5

493,166

513,240

493,166

513,240

CURRENT ASSETS

Stocks

192,520

214,738

Debtors

93,594

55,813

Cash at bank and in hand

133,127

85,309

419,241

355,860

CREDITORS

Amounts falling due within one year

501,790

428,645

NET CURRENT LIABILITIES

(82,549

)

(72,785

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

410,617

440,455

CREDITORS

Amounts falling due after more than one
year

6

(275,872

)

(307,513

)

PROVISIONS FOR LIABILITIES

(21,450

)

(20,472

)

NET ASSETS

113,295

112,470

CAPITAL AND RESERVES

Called up share capital

5,000

Revaluation reserve

9

32,015

Retained earnings

76,280

75,455

SHAREHOLDERS' FUNDS

113,295

112,470

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 September 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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:

I D Innes - Director

D I Innes - Director

1.	STATUTORY INFORMATION

Ivor Innes 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.

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 as modified by the revaluation of certain assets.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 1996, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Land and buildings

-

1% on cost

Computers and equipment

-

25% on reducing balance

Fixtures and fittings

-

10% on reducing balance

Motor vehicles

-

25% on reducing balance

Camera equipment

-

10% on reducing balance

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 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 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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 13 (2024 - 11 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2024

and 30 September 2025

50,000

AMORTISATION

At 1 October 2024

and 30 September 2025

50,000

NET BOOK VALUE

At 30 September 2025

-

At 30 September 2024

-

5.	TANGIBLE FIXED ASSETS

Totals

£

COST OR VALUATION

At 1 October 2024

1,153,996

Additions

759

At 30 September 2025

1,154,755

DEPRECIATION

At 1 October 2024

640,756

Charge for year

20,833

At 30 September 2025

661,589

NET BOOK VALUE

At 30 September 2025

493,166

At 30 September 2024

513,240

Cost or valuation at 30 September 2025 is represented by:

Totals

£

Valuation in 2002

(18,539

)

Cost

1,173,294

1,154,755

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2025

2024

£

Cost

542,576

Aggregate depreciation

119,429

113,988

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals

£

COST OR VALUATION

At 1 October 2024

and 30 September 2025

77,824

DEPRECIATION

At 1 October 2024

53,200

Charge for year

6,156

At 30 September 2025

59,356

NET BOOK VALUE

At 30 September 2025

18,468

At 30 September 2024

24,624

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS

2025

2024

£

Repayable by instalments

Bank loans repayable after more than five
years

175,466

202,558

7.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

Net obligations repayable:

Within one year

10,036

13,122

Between one and five years

-

10,036

23,158

Non-cancellable

operating leases

2025

2024

£

Within one year

575

Between one and five years

1,295

1,870

2,445

8.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

Bank loans

297,394

317,652

Hire purchase contracts

10,036

23,158

307,430

340,810

9.

RESERVES

Revaluation

reserve

£

At 1 October 2024

and 30 September 2025

32,015

10.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2025 and 30 September 2024:

2025

2024

£

D I Innes

Balance outstanding at start of year

-

Amounts advanced

16,459

22,407

Amounts repaid

(16,459

)

(22,407

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

P Cox

Balance outstanding at start of year

-

Amounts advanced

1,938

1,942

Amounts repaid

(1,938

)

(1,942

)

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

I D Innes and Mrs J A Innes

Balance outstanding at start of year

-

Amounts advanced

16,606

-

Amounts repaid

(16,606

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

11.	RELATED PARTY DISCLOSURES

The following balances were due to the Directors:

2025

2024

£

Mr & Mrs I D Innes

2,016

58,673

Mr & Mrs D I Innes

23,645

2,789

Mr P Cox

64

60

Interest was paid to/(from) the Directors as follows:

2025

2024

£

Mr & Mrs I D Innes

(1,748

)

1,748

12.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr and Mrs I D Innes and D I Innes.