Industrial Encoders Direct Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 03427825

Industrial Encoders Direct Limited

Filleted Unaudited Financial Statements

28 February 2026

Industrial Encoders Direct Limited

Statement of Financial Position

28 February 2026

	2026		2025
Note	£	£	£

Fixed assets

Tangible assets	5		35,788	43,926

Current assets

Stocks		20,000	20,000
Debtors	6	80,579	100,500
Cash at bank and in hand		161,350	224,700
		---------	---------
		261,929	345,200

Creditors: amounts falling due within one year	7	81,009		124,577
		---------		---------
Net current assets			180,920	220,623
			---------	---------
Total assets less current liabilities			216,708	264,549

Provisions

Taxation including deferred tax	5,800	6,711
	---------	---------
Net assets	210,908	257,838
	---------	---------

Capital and reserves

Called up share capital	100	100
Profit and loss account	210,808	257,738
	---------	---------
Shareholder funds	210,908	257,838
	---------	---------

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 28 February 2026 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The member has 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 .

Industrial Encoders Direct Limited

Statement of Financial Position (continued)

28 February 2026

These financial statements were approved by the board of directors and authorised for issue on 1 July 2026 , and are signed on behalf of the board by:

K A Lewis

Director

Company registration number: 03427825

Industrial Encoders Direct Limited

Notes to the Financial Statements

Year ended 28 February 2026

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 10, Edison Court, Ellice Way, Wrexham Technology Park, Wrexham, LL13 7YT.

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.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company accounting policies.

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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

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:

Leasehold property improvements	-	25% straight line
Plant and machinery	-	15% reducing balance
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.

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.

Financial instruments

The following assets and liabilities within the accounts are classified as financial instruments - trade debtors, trade creditors and directors loans. Directors loans (being repayable upon demand), trade debtors and trade creditors, are measured at the undiscounted amount of cash or other consideration expected to be paid or received. Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If such evidence is found, an impairment loss is recognised in the statement of Income and Retained Earnings.

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.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 10 (2025: 10 ).

5. Tangible assets

	Land and buildings	Plant and machinery	Motor vehicles	Equipment	Total
	£	£	£	£	£
Cost
At 1 March 2025	64,205	213,043	20,989	35,318	333,555
Additions	–	1,639	–	725	2,364
	--------	---------	--------	--------	---------
At 28 February 2026	64,205	214,682	20,989	36,043	335,919
	--------	---------	--------	--------	---------
Depreciation
At 1 March 2025	55,599	192,028	9,182	32,820	289,629
Charge for the year	3,346	3,398	2,952	806	10,502
	--------	---------	--------	--------	---------
At 28 February 2026	58,945	195,426	12,134	33,626	300,131
	--------	---------	--------	--------	---------
Carrying amount
At 28 February 2026	5,260	19,256	8,855	2,417	35,788
	--------	---------	--------	--------	---------
At 28 February 2025	8,606	21,015	11,807	2,498	43,926
	--------	---------	--------	--------	---------

6. Debtors

	2026	2025
	£	£
Trade debtors	78,306	98,561
Other debtors	2,273	1,939
	--------	---------
	80,579	100,500
	--------	---------

7. Creditors: amounts falling due within one year

	2026	2025
	£	£
Trade creditors	59,260	79,725
Social security and other taxes	12,931	25,039
Other creditors	8,818	19,813
	--------	---------
	81,009	124,577
	--------	---------

8. Directors' advances, credits and guarantees

The director operates a loan account with the company, the opening balance of which was £13,968 credit with net movement of £11,859 debit, resulting in a closing balance of £2,109 credit.