REGISTERED NUMBER: 04308761 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

I.D. ASBESTOS LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr J P Avery

Mrs S D S Avery

REGISTERED OFFICE:

54 Thorpe Road

Norwich

Norfolk

NR1 1RY

REGISTERED NUMBER:

04308761 (England and Wales)

FIXED ASSETS

Tangible assets

4

369,628

332,097

CURRENT ASSETS

Stocks

11,900

6,175

Debtors

5

43,661

30,319

Prepayments and accrued income

12,627

18,922

Cash at bank and in hand

149,020

133,094

217,208

188,510

CREDITORS

Amounts falling due within one year

6

187,776

192,114

NET CURRENT ASSETS/(LIABILITIES)

29,432

(3,604

)

TOTAL ASSETS LESS CURRENT LIABILITIES

399,060

328,493

CREDITORS

Amounts falling due after more than one year

7

(129,726

)

(138,898

)

PROVISIONS FOR LIABILITIES

(22,473

)

(13,090

)

ACCRUALS AND DEFERRED INCOME

(4,335

)

(9,884

)

NET ASSETS

242,526

166,621

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

242,426

166,521

SHAREHOLDERS' FUNDS

242,526

166,621

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 August 2026 and were signed on its behalf by:

Mr J P Avery - Director

1.	STATUTORY INFORMATION

I.D. Asbestos Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The accounts have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to office

-

Straight line over 8 years

Fixtures & fittings

-

15% on reducing balance

Motor vehicles

-

25% on reducing balance

Office equipment

-

15% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 10 (2024 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

Premises

to office

& fittings

£

£

£

COST

At 1 January 2025

279,736

2,664

105,171

Additions

-

-

6,261

Disposals

-

-

-

At 31 December 2025

279,736

2,664

111,432

DEPRECIATION

At 1 January 2025

-

2,664

74,764

Charge for year

-

-

5,500

Eliminated on disposal

-

-

-

At 31 December 2025

-

2,664

80,264

NET BOOK VALUE

At 31 December 2025

279,736

-

31,168

At 31 December 2024

279,736

-

30,407

Motor

Office

vehicles

equipment

Totals

£

£

£

COST

At 1 January 2025

90,764

35,294

513,629

Additions

46,112

5,891

58,264

Disposals

(32,712

)

-

(32,712

)

At 31 December 2025

104,164

41,185

539,181

DEPRECIATION

At 1 January 2025

78,937

25,167

181,532

Charge for year

10,989

2,403

18,892

Eliminated on disposal

(30,871

)

-

(30,871

)

At 31 December 2025

59,055

27,570

169,553

NET BOOK VALUE

At 31 December 2025

45,109

13,615

369,628

At 31 December 2024

11,827

10,127

332,097

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,661

30,319

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

8,880

8,460

Trade creditors

18,730

22,323

Taxation and social security

83,378

68,426

Other creditors

76,788

92,905

187,776

192,114

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

129,726

138,898

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more than 5 years

94,206

105,058

8.	LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:

2025

2024

£

£

Within one year

10,100

9,081

Between one and five years

274

6,811

10,374

15,892

9.	ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.