REGISTERED NUMBER: 05616255 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

FOR

INDUSTRIAL SUPPLY CHAIN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

C J Palmer

V Pearce

SECRETARY:

V Pearce

REGISTERED OFFICE:

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

BUSINESS ADDRESS:

7 Westpoint Business Park

Bumpers Farm

Chippenham

SN14 6RB

REGISTERED NUMBER:

05616255 (England and Wales)

ACCOUNTANTS:

Randall & Payne LLP

Chartered Accountants

Chargrove House

Shurdington Road

Cheltenham

Gloucestershire

GL51 4GA

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

15,461

17,156

15,461

17,156

CURRENT ASSETS

Stocks

6

691,188

740,825

Debtors

7

605,980

582,459

Cash at bank

151

1,916

1,297,319

1,325,200

CREDITORS

Amounts falling due within one year

8

1,118,229

1,139,335

NET CURRENT ASSETS

179,090

185,865

TOTAL ASSETS LESS CURRENT LIABILITIES

194,551

203,021

CREDITORS

Amounts falling due after more than one year

9

-

(2,646

)

PROVISIONS FOR LIABILITIES

(3,865

)

(4,289

)

NET ASSETS

190,686

196,086

CAPITAL AND RESERVES

Called up share capital

79,300

79,300

Retained earnings

111,386

116,786

SHAREHOLDERS' FUNDS

190,686

196,086

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 14 July 2026 and were signed on its behalf by:

V Pearce - Director

C J Palmer - Director

1.	STATUTORY INFORMATION

Industrial Supply Chain Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Revenue represents the invoiced value of goods and services provided during the period, stated net of VAT. Revenue is recognised at the point the the invoice is raised.

Goodwill

Goodwill being the amount paid in connection with the acquisition of a business was amortised evenly over its estimated life, and is now fully amortised.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of three years.

Tangible fixed assets

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

Plant and machinery

-

33% on cost and 20% on cost

Motor vehicles

-

25% 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 Statement of Income and Retained Earnings, 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

Where assets are financed by leasing agreements that give rights approximating to ownership ("finance leases") the assets are treated as if they has been purchased outright. The amount capitalised is the fair value of the asset concerned. The corresponding liability to the leasing company is included as an obligation under finance leases. Depreciation on leased assets is charged to the profit and loss account over the shorter of the lease terms and their useful lives. Leasing payments are treated as consisting of capital and interest elements, and interest is charged to the profit and loss account on a straight line basis which is considered to be a reasonable approximation to a constant rate of charge on the outstanding balance.

All other leases are treated as 'operating leases' and the relevant annual rentals are charged to the profit and loss account on a straight line basis over the lease term; unless they relate to vacant leasehold properties in which case provision is made on a discounted basis for the net obligation under the lease. The unwinding of the discount is disclosed within interest payable and similar charges.

Going concern

There are no material uncertainties that may cast significant doubt about the company's ability to continue as a going concern.

Provisions

Provisions are recognised only where a present obligation exists as a result of a past transaction or event at or prior to the balance sheet date. In addition, a provision is only recognised where the amounts involved can be reliably estimated. Where material, provisions are calculated on a discounted basis.

Financial instruments

Financial Instruments are classified by the directors as basic or advanced following the conditions in FRS 102 Section 11. Basic financial instruments are recognised at amortised cost using the effective interest method.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

Goodwill

assets

Totals

£

£

£

COST

At 1 January 2025

and 31 December 2025

136,000

2,995

138,995

AMORTISATION

At 1 January 2025

and 31 December 2025

136,000

2,995

138,995

NET BOOK VALUE

At 31 December 2025

-

-

-

At 31 December 2024

-

-

-

5.	TANGIBLE FIXED ASSETS

Plant and

Motor

machinery

vehicles

Totals

£

£

£

COST

At 1 January 2025

83,141

25,350

108,491

Additions

3,121

-

3,121

At 31 December 2025

86,262

25,350

111,612

DEPRECIATION

At 1 January 2025

68,154

23,181

91,335

Charge for year

4,274

542

4,816

At 31 December 2025

72,428

23,723

96,151

NET BOOK VALUE

At 31 December 2025

13,834

1,627

15,461

At 31 December 2024

14,987

2,169

17,156

6.

STOCKS

2025

2024

£

£

Stocks

691,188

740,825

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

569,587

545,836

Other debtors

6,663

7,383

Prepayments and accrued income

29,730

29,240

605,980

582,459

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

3,590

6,238

Trade creditors

566,658

641,775

Corporation Tax

82,028

66,744

Social security and other taxes

12,041

11,402

VAT

55,806

42,329

Other creditors

358,384

368,579

Directors' loan accounts

39,722

2,268

1,118,229

1,139,335

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans - 2-5 years

-

2,646

10.	SECURED DEBTS

Included within other creditors is an amount from RBS Invoice Financing of £358,384 (2024: £368,579) for a factoring facility which is secured against the Trade Debtors of the company.

There is a charge registered at companies House for the above secured factoring facility. The charge contains both fixed and floating charges. The floating charge covers all the property or undertaking of the company. The charge also contains a negative pledge.

11.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 31 December 2025 and 31 December 2024:

2025

2024

£

£

V Pearce

Balance outstanding at start of year

(836

)

(10,624

)

Amounts advanced

41,600

19,300

Amounts repaid

(63,742

)

(9,512

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(22,978

)

(836

)

C J Palmer

Balance outstanding at start of year

(1,432

)

(1,220

)

Amounts advanced

-

100

Amounts repaid

(15,312

)

(312

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(16,744

)

(1,432

)

No interest has been charged on the above balances and there are no set repayment terms.