REGISTERED NUMBER: 02971512 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MARCH 2025

FOR

INTERCOLE SUB-CONTRACT SERVICES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J V Bowen

A W Crockford

E Howard

REGISTERED OFFICE:

Avenger Close

Chandlers Ford

Eastleigh

Hampshire

SO53 4YU

REGISTERED NUMBER:

02971512 (England and Wales)

ACCOUNTANTS:

Underwood Barron LLP

13 Hursley Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2FW

BANKERS:

Lloyds Bank plc

Oakmount Road

Chandlers Ford

Eastleigh

Hampshire

SO53 2LM

FIXED ASSETS

Tangible assets

4

127,920

156,888

Investments

5

20,000

-

147,920

156,888

CURRENT ASSETS

Stocks

643,103

1,021,509

Debtors

6

406,403

448,459

Cash at bank and in hand

377,762

428,995

1,427,268

1,898,963

CREDITORS

Amounts falling due within one year

7

329,239

527,496

NET CURRENT ASSETS

1,098,029

1,371,467

TOTAL ASSETS LESS CURRENT LIABILITIES

1,245,949

1,528,355

PROVISIONS FOR LIABILITIES

23,509

28,875

NET ASSETS

1,222,440

1,499,480

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

1,222,340

1,499,380

SHAREHOLDERS' FUNDS

1,222,440

1,499,480

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 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 20th November 2025 and were signed on its behalf by:

J V Bowen - Director

1.	STATUTORY INFORMATION

Intercole Sub-Contract Services 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.

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

Turnover represents income derived from the company's principal activities, excluding value added tax.

Tangible fixed assets

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

Short leasehold

-

Over period of lease

Plant and machinery

-

33% on cost and 20% on reducing balance

Fixtures and fittings

-

20% on reducing balance

Motor vehicles

-

25% on reducing balance

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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.

Pension costs and other post-retirement benefits

The company contributes to employees' personal pension plans and to the directors' small self-administered pension scheme. Contributions payable for the year are charged in the profit and loss account.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 47 (2024 - 49 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Short

Plant and

and

Motor

leasehold

machinery

fittings

vehicles

Totals

£

£

£

£

£

COST

At 1st April 2024

80,418

792,919

112,443

8,950

994,730

Additions

-

707

4,816

-

5,523

Disposals

(7,885

)

(538

)

(19,258

)

-

(27,681

)

At 31st March 2025

72,533

793,088

98,001

8,950

972,572

DEPRECIATION

At 1st April 2024

68,872

673,203

88,764

7,003

837,842

Charge for year

1,754

24,270

7,972

487

34,483

Eliminated on disposal

(7,883

)

(535

)

(19,255

)

-

(27,673

)

At 31st March 2025

62,743

696,938

77,481

7,490

844,652

NET BOOK VALUE

At 31st March 2025

9,790

96,150

20,520

1,460

127,920

At 31st March 2024

11,546

119,716

23,679

1,947

156,888

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

20,000

At 31st March 2025

20,000

NET BOOK VALUE

At 31st March 2025

20,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade debtors

380,445

422,958

Other debtors

25,958

25,501

406,403

448,459

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Trade creditors

109,511

187,514

Taxation and social security

102,581

142,342

Other creditors

117,147

197,640

329,239

527,496

8.	RELATED PARTY DISCLOSURES

INTERCOLE SYSTEMS LIMITED

A company in which Mr J V Bowen, was a director during the year under review.

Amount due to the related party at balance sheet date is nil (2024: £192). The amount due is repayable on demand and no interest has been charged during the year.