General Information
Install Solutions - Display & Graphics Ltd is a private company, limited by shares, registered in England and Wales, registration number 15729171, registration address Unit 3 Elephant & Castle Yard, Westgate, Wakefield, West Yorkshire, WF1 1EW.
The presentation currency is £ sterling.
| 1. |
Accounting policies
Significant accounting policies
The 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)
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Operating lease rentals
Rentals payable under operating leases are charged against income on a straight line basis over the lease term.
Taxation
Taxation represents the sum of tax currently payable and deferred tax.
The companys liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted.
Deferred taxation
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Leasehold improvements |
2 years |
| Plant and machinery etc |
25% to 33% |
Assets on finance lease and hire purchase
Assets held under finance lease or hire purchase contracts i.e. those contracts where substantially all the risks and rewards of ownership have passed to the company, are included in the appropriate category of tangible fixed assets and depreciated over the shorter of the lease term and their estimated expected useful lives.
Future obligations under such contracts are included in creditors net of the finance charge allocated to future periods.
Stocks
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell.
|
| 2. |
Off Balance Sheet Arrangements
Minimum lease payments under non-cancellable operating leases include the following amounts:-
Within one year - £39,335 (2025 - £37,369)
Between one and five years - £84,000 (2025 - £123,335)
|
| 3. |
Average number of employees
Average number of employees during the year was 3 (2025 : 2).
|
| 4. |
Tangible fixed assets
| Cost or valuation |
Land and buildings |
|
Plant and machinery etc |
|
Total |
| |
£ |
|
£ |
|
£ |
| At 01 June 2025 |
3,613 |
|
24,558 |
|
28,171 |
| Additions |
- |
|
10,980 |
|
10,980 |
| Disposals |
- |
|
(6,500) |
|
(6,500) |
| At 31 May 2026 |
3,613 |
|
29,038 |
|
32,651 |
| Depreciation |
| At 01 June 2025 |
- |
|
2,706 |
|
2,706 |
| Charge for year |
1,807 |
|
7,405 |
|
9,212 |
| On disposals |
- |
|
(2,532) |
|
(2,532) |
| At 31 May 2026 |
1,807 |
|
7,579 |
|
9,386 |
| Net book values |
| Closing balance as at 31 May 2026 |
1,806 |
|
21,459 |
|
23,265 |
| Opening balance as at 01 June 2025 |
3,613 |
|
21,852 |
|
25,465 |
|
| 5. |
Share Capital
Allotted, called up and fully paid
|
2026
£ |
|
2025
£ |
|
2
Class A shares of £1.00 each |
2 |
|
2 |
|
2 |
|
2 |
|
2
|
