Instalrite Design Ltd

Contents

Statement of financial position	1
Notes to the Unaudited Financial Statements	2 to 6

Instalrite Design Ltd

(Registration number: 06038645)
Statement of financial position as at 31 May 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	29,110	35,684
Current assets
Debtors	5	351,300	698,865
Cash at bank and in hand		14,799	18,469
		366,099	717,334
Creditors: Amounts falling due within one year	6	(340,402)	(598,963)
Net current assets		25,697	118,371
Total assets less current liabilities		54,807	154,055
Creditors: Amounts falling due after more than one year	6	(26,542)	(32,056)
Provisions for liabilities		(5,531)	(5,849)
Net assets		22,734	116,150
Capital and reserves
Called up share capital	7	2	2
Retained earnings		22,732	116,148
Shareholders' funds		22,734	116,150

For the financial year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the Board on 25 March 2026 and signed on its behalf by:
 

......................................... Mr S Papworth Director

Instalrite Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

1	General information

The company is a private company limited by share capital, incorporated in England.

These financial statements were authorised for issue by the Board on 25 March 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Government grants

Government grants are recognised in the same period as any underlying expenditure. During the year the entity was in receipt of grant income from the Job Retention Scheme and the Covid-19 Business Challenges Grant. Income from the Job Retention Scheme was recognised in the same period as the underlying salary expenditure and income from the Covid-19 Business Challenges Grant was recognised when it was received.

Instalrite Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and machinery	20% on reducing balance
Fixtures, fittings and equipment	25% straight line
Motor vehicles	25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Instalrite Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 6 (2024 - 6).

4	Tangible assets

	Fixtures and fittings £	Plant and machinery £	Motor vehicles  £	Total £
Cost or valuation
At 1 June 2024	58,898	39,919	65,207	164,024
Additions	3,249	-	-	3,249
At 31 May 2025	62,147	39,919	65,207	167,273
Depreciation
At 1 June 2024	51,471	35,523	41,346	128,340
Charge for the year	2,980	879	5,964	9,823
At 31 May 2025	54,451	36,402	47,310	138,163
Carrying amount
At 31 May 2025	7,696	3,517	17,897	29,110
At 31 May 2024	7,427	4,396	23,861	35,684

Instalrite Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

5

Debtors

Current	2025 £	2024 £
Trade debtors	59,270	556,918
Other debtors	292,030	141,947
	351,300	698,865

6

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	8	5,514	5,514
Trade creditors		153,650	93,677
Taxation and social security		144,770	209,177
Accruals and deferred income		4,000	262,803
Other creditors		32,468	27,792
		340,402	598,963

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	8	26,542	32,056

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary of £1 each	2	2	2	2

Instalrite Design Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 May 2025

8	Loans and borrowings

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	26,542	32,056

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	5,514	5,514

9	Related party transactions

Transactions with directors

2025	At 1 June 2024 £	Advances to director £	Repayments by director £	At 31 May 2025 £
Mr S Papworth
Directors loan	104,916	181,893	(104,916)	181,893

2024	At 1 June 2023 £	Advances to director £	Repayments by director £	At 31 May 2024 £
Mr S Papworth
Directors loan	195,882	104,916	(195,882)	104,916