| Iron Service Global UK Limited |
| Notes to the Abridged Accounts |
| for the year ended 31 December 2025 |
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| 1 |
Accounting policies |
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Basis of preparation |
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The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
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Turnover |
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Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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. |
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Tangible fixed assets |
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Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
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Plant and machinery |
25% Reducing Balance |
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Debtors |
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Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
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Creditors |
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Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
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Taxation |
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A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
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Provisions |
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Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
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Foreign currency translation |
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Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss. |
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Pensions |
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Contributions to defined contribution plans are expensed in the period to which they relate. |
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Going concern |
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The financial statements have been prepared on a going concern basis as the director believes that the company will continue to meet its liabilities as they fall due for at least 12 months from the approval date. |
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| 2 |
Audit information |
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The audit report is unqualified. |
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Senior statutory auditor: |
Mr. Shantilal Kalyan Varsani |
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Firm: |
Varsani Joseph Limited |
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Date of audit report: |
2 June 2026 |
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| 3 |
Employees |
2025 |
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2024 |
| Number |
Number |
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Average number of persons employed by the company |
3 |
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5 |
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| 4 |
Tangible fixed assets |
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Total |
| £ |
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Cost |
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At 1 January 2025 |
4,078 |
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At 31 December 2025 |
4,078 |
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Depreciation |
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At 1 January 2025 |
2,358 |
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Charge for the year |
430 |
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At 31 December 2025 |
2,788 |
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Net book value |
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At 31 December 2025 |
1,290 |
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At 31 December 2024 |
1,720 |
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| 5 |
Related party transactions |
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Iron Service Global UK Limited has availed of the exemptions in FRS 102 Section 33, Paragraph 33.1A which allows non-disclosure of transactions between two or more members of a group, provided that any subsidiary which is party to the transaction is wholly owned by such a member. |
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| 6 |
Parent Company |
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The ultimate parent company is Iron Systems Inc, a company registered and incorporated in the USA.
The smallest and largest group in which the results of the Company are consolidated are headed by Iron Systems Inc. The financial statements are available by writing to the company secretary at 4309 Hacienda Drive, Suite 360, Pleasanton, CA 94588, USA. |
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| 7 |
Other information |
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Iron Service Global UK Limited is a private company limited by shares and incorporated in England. Its registered office is: |
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18 The Broadway |
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East Lane |
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Wembley |
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Middlesex |
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HA9 8JU |