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STATEMENT OF CONSENT TO PREPARE ABRIDGED FINANCIAL STATEMENTS

All of the members of Insulation Contracting Services Limited have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 March 2026 in accordance with Section 444(2A) of the Companies Act 2006.
COMPANY REGISTRATION NUMBER: 02767306

INSULATION CONTRACTING SERVICES LIMITED

FILLETED UNAUDITED ABRIDGED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 March 2026

INSULATION CONTRACTING SERVICES LIMITED

REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY ABRIDGED FINANCIAL STATEMENTS OF INSULATION CONTRACTING SERVICES LIMITED

YEAR ENDED 31 MARCH 2026
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abridged financial statements of Insulation Contracting Services Limited for the year ended 31 March 2026, which comprise the abridged 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 the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html. Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.
LANGARD LIFFORD HALL LIMITED Accountants and Registered Auditors
Lifford Hall Lifford Lane Kings Norton Birmingham B30 3JN
21 July 2026

INSULATION CONTRACTING SERVICES LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION

31 March 2026

| 2026 | 2025
Note | £ | £ | £ | £

Fixed Assets

Tangible assets | 5 |  | 417,906 |  | 522,032
Investments | 6 |  | 1,000 |  | 1,000
|  | ------------ |  | ------------
|  | 418,906 |  | 523,032

Current Assets

Stocks | 4,181 |  | 4,143 |
Debtors | 1,227,861 |  | 759,267 |
Cash at bank and in hand | 1,070,075 |  | 1,033,824 |
| -------------- |  | -------------- |
| 2,302,117 |  | 1,797,234 |

Creditors: amounts falling due within one year | 1,462,871 |  | 1,052,043 |
| -------------- |  | -------------- |
Net Current Assets |  | 839,246 |  | 745,191
|  | -------------- |  | --------------
Total Assets Less Current Liabilities |  | 1,258,152 |  | 1,268,223

Creditors: amounts falling due after more than one year |  | 17,800 |  | 27,509

Provisions

Taxation including deferred tax |  | 71,063 |  | 94,921
|  | -------------- |  | --------------
Net Assets |  | 1,169,289 |  | 1,145,793
|  | -------------- |  | --------------

Capital and Reserves

Called up share capital |  | 157,894 |  | 157,894
Share premium account |  | 382,264 |  | 382,264
Profit and loss account |  | 629,131 |  | 605,635
|  | -------------- |  | --------------
Shareholders Funds |  | 1,169,289 |  | 1,145,793
|  | -------------- |  | --------------

These abridged 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 abridged statement of income and retained earnings has not been delivered.

INSULATION CONTRACTING SERVICES LIMITED

ABRIDGED STATEMENT OF FINANCIAL POSITION (continued)

31 March 2026
For the year ending 31 March 2026 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 abridged 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 abridged financial statements .
These abridged financial statements were approved by the board of directors and authorised for issue on 21 July 2026 , and are signed on behalf of the board by:

C W Whitehead
Director

Company registration number: 02767306

INSULATION CONTRACTING SERVICES LIMITED

NOTES TO THE ABRIDGED FINANCIAL STATEMENTS

YEAR ENDED 31 MARCH 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 Lifford Hall, Lifford Lane, Kings Norton, Birmingham, B30 3JN.
2. Statement of Compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated abridged financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
The turnover shown in the profit and loss account represents the realisable value of work undertaken during the year, exclusive of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.
Operating leases
Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.
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:

| Plant and machinery | - | 15% reducing balance
| Fixtures and fittings | - | 15% reducing balance
| Motor vehicles | - | 20% reducing balance

| Equipment | - | 25% straight line

No depreciation is charged in the year of acquisition.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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 abridged 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 abridged 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
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Defined contribution plans
The company makes contributions into a company self administered pension scheme and also into small self administered personal pension schemes on behalf of its employees. The annual contributions payable are charged to the profit and loss account.
4. Employee Numbers
The average number of persons employed by the company during the year amounted to 29 (2025: 30 ).
5. Tangible Assets

| £
Cost |
At 1 April 2025 | 890,236
Additions | 62,472
Disposals | ( 121,404)
| ------------
At 31 March 2026 | 831,304
| ------------
Depreciation |
At 1 April 2025 | 368,204
Charge for the year | 85,854
Disposals | ( 40,660)
| ------------
At 31 March 2026 | 413,398
| ------------
Carrying amount |
At 31 March 2026 | 417,906
| ------------
At 31 March 2025 | 522,032
| ------------

6. Investments

| £
Cost |
At 1 April 2025 and 31 March 2026 | 1,000
| ------------
Impairment |
At 1 April 2025 and 31 March 2026 | –
| ------------
Carrying amount |
At 31 March 2026 | 1,000
| ------------
At 31 March 2025 | 1,000
| ------------

7. Operating Leases
The total future minimum lease payments under non-cancellable operating leases are as follows:

| 2026 | 2025
| £ | £
| Not later than 1 year | 7,375 | 29,500
| Later than 1 year and not later than 5 years | – | 14,750
|  | ------------ | ------------
|  | 7,375 | 44,250
|  | ------------ | ------------

8. Contingencies
There is a fixed and floating debenture in place in favour of National Westminster Plc dated 8 April 2003.
9. Directors' Advances, Credits and Guarantees
Amounts owed to the directors at the balance sheet date are included in creditors and totalled £10,000 (2025: £5,000).
10. Related Party Transactions
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 section 33.9.
11. Controlling Party
Throughout the year the company was under the control of C W Whitehead , A P O'Brien and R M Hardy. The company was under the control of C W Whitehead by virtue of his directorship in the immediate parent company, Lovedays Investments Limited , a company registered in England and Wales, and his directorship and shareholding in the ultimate parent company, Lovedays Holdings Limited , also a company registered in England and Wales. The company was under the control of A P O'Brien and R M Hardy by virtue of their directorships and shareholdings in the immediate parent company, Greenash Investments Limited, a company registered in England and Wales.