Intelligent Building System Ltd. Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: SC287365

Intelligent Building System Ltd.

Filleted Unaudited Financial Statements

31 July 2025

Intelligent Building System Ltd.

Financial Statements

Year ended 31 July 2025

Contents	Page

Chartered accountants report to the board of directors on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2

Notes to the financial statements	4

Intelligent Building System Ltd.

Chartered Accountants Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of Intelligent Building System Ltd.

Year ended 31 July 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Intelligent Building System Ltd. for the year ended 31 July 2025, which comprise the statement of financial position 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 ICAS, we are subject to its ethical and other professional requirements which are detailed at www.icas.com/accountspreparationguidance. This report is made solely to the Board of Directors of Intelligent Building System Ltd., as a body. Our work has been undertaken solely to prepare for your approval the financial statements of Intelligent Building System Ltd. and state those matters that we have agreed to state to you, as a body, in this report in accordance with the requirements of ICAS as detailed at www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Intelligent Building System Ltd. and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Intelligent Building System Ltd. 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 Intelligent Building System Ltd.. You consider that Intelligent Building System Ltd. 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 Intelligent Building System Ltd.. 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.

GILLILAND & COMPANY Chartered Accountants

216 West George Street Glasgow G2 2PQ

2 June 2026

Intelligent Building System Ltd.

Statement of Financial Position

31 July 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		64,814	84,820

Current assets

Stocks		10,177	59,115
Debtors	6	229,222	146,359
Cash at bank and in hand		156,819	257,715
		---------	---------
		396,218	463,189

Creditors: amounts falling due within one year	7	378,901		365,185
		---------		---------
Net current assets			17,317	98,004
			--------	---------
Total assets less current liabilities			82,131	182,824

Creditors: amounts falling due after more than one year	8		53,386	118,899

Provisions

Taxation including deferred tax	8,430	11,725
	--------	---------
Net assets	20,315	52,200
	--------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	20,215	52,100
	--------	--------
Shareholders funds	20,315	52,200
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 July 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 financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Intelligent Building System Ltd.

Statement of Financial Position (continued)

31 July 2025

These financial statements were approved by the board of directors and authorised for issue on 2 June 2026 , and are signed on behalf of the board by:

Mr F C McLachlan

Director

Company registration number: SC287365

Intelligent Building System Ltd.

Notes to the Financial Statements

Year ended 31 July 2025

1. General information

The company is a private company limited by shares, registered in Scotland. The address of the registered office is 216 West George Street, Glasgow, G2 2PQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor Vehicles	-	25% reducing balance
Equipment	-	25% reducing balance

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 2 (2024: 2 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 August 2024	113,110	53,004	166,114
Additions	–	1,564	1,564
	---------	--------	---------
At 31 July 2025	113,110	54,568	167,678
	---------	--------	---------
Depreciation
At 1 August 2024	54,166	27,128	81,294
Charge for the year	14,736	6,834	21,570
	---------	--------	---------
At 31 July 2025	68,902	33,962	102,864
	---------	--------	---------
Carrying amount
At 31 July 2025	44,208	20,606	64,814
	---------	--------	---------
At 31 July 2024	58,944	25,876	84,820
	---------	--------	---------

6. Debtors

	2025	2024
	£	£
Trade debtors	52,863	59,939
Other debtors	176,359	86,420
	---------	---------
	229,222	146,359
	---------	---------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	228,028	183,199
Corporation tax	106,053	113,014
Social security and other taxes	1,605	1,551
Other creditors	43,215	67,421
	---------	---------
	378,901	365,185
	---------	---------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Bank loans and overdrafts	20,378	76,911
Other creditors	33,008	41,988
	--------	---------
	53,386	118,899
	--------	---------

9. Directors' advances, credits and guarantees

As at the 31st July 2025, the company was owed by Mr F C McLachlan , director, £35,073 (2024: £24,005). As at the 31st July 2025, the company was owed by Mrs A McLachlan, director, £nil (2024: £nil). As at the 31st July 2025, the company was owed by Mr C McLachlan, director, £nil (2024: £nil).

10. Related party transactions

As at the 31st July 2025, the company was owed £113,014 (2024: £36,161 by Macintosh Homes Limited, a company in which Mrs A McLachlan, director, and Mr C F McLachlan, shareholder, have an interest. This loan is interest free and has no fixed date for repayment. As at the 31st July 2025, Ecohaus North Limited owed the company £5,646 (2024: £5,219 owed to Ecohaus North), a company in which Mr C F McLachlan, director, has an interest. This loan is interest free and has no fixed date for repayment. As at the 31st July 2025, Econekt owed the company £14,786 (2024: £4,001 owed from Econekt), a company in which Mr C F McLachlan, director, has an interest. This loan is interest free and has no fixed date for repayment.

11. Controlling party

The company was under the control of Mr F C McLachlan and Mrs A McLachlan throughout the current and previous year.