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Registered number: 06253082
INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
COMPANY INFORMATION
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P T Ballard (appointed 3 July 2024)
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Suites 136 and 137 Lake View Drive
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Chartered Accountants & Statutory Auditor
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
CONTENTS
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Independent Auditors' Report
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Statement of Income and Retained Earnings
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Statement of Financial Position
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Notes to the Financial Statements
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STRATEGIC REPORT
FOR THE YEAR ENDED 31 MARCH 2025
I am delighted to report that Infrastructure Support Solutions Limited (“ISS”) has achieved another excellent year and remains a Tier 1 supplier of highly skilled labour, OLE, S&T, Trackside Lighting and Ecology services to blue-chip rail and construction companies throughout the UK and are widely valued as an innovative, reliable, forward thinking supply chain partner. I am extremely proud of our exceptional safety and delivery record which has helped to retain our leading position within the marketplace.
Most importantly we have continued to provide our workforce with a regular income stream to support them through the challenges presented by the cost of living crisis and I would like to extend my thanks to them for their faith and loyalty.
With the continued support of our investors and senior management team, ISS is in a strong position to continue providing our clients with the highly skilled, reliable workforce they depend on to deliver their contracts. We are delighted to have maintained and secured several key frameworks which will continue to strengthen our position in a market that will see significant investment over the next five years.
Overall, 2024 was a transformative year for the UK rail sector, marked by significant reforms, infrastructure advancements, and a focus on sustainability, setting the stage for continued evolution in the coming years.
Underlying trading conditions remained difficult throughout the year. Economic uncertainties arising from the general election in July 2024, above target inflation, high interest rates and the cost of living crisis contributed to softer revenues than previously expected. This was exacerbated by a number of significant projects nearing their natural maturity. Furthermore Gross Margins were significantly impacted by an adverse year on year movement in commercial motor insurance premiums of £0.6m.
Despite the difficult market conditions impacting the Rail sector and the wider UK economy, the Company continued to generate a healthy and profitable return to shareholders.
In September 2024 the Company acquired a contract with Balfour Beatty covering their Northern region from CRS Limited.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Principal risks and uncertainties
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The Company has documented risk management processes that clearly identify, evaluate, prioritise, and put in place mitigation strategies for the key risks faced by the business. These strategies are reviewed by the senior management team monthly and escalated to the Board for further review as required.
The key risks faced by the business are as follows:
Compliance Risks
The regulatory framework within the recruitment and temporary worker sector is complex and increasingly challenging. Management is committed to meeting its regulatory responsibilities and maintains robust controls and processes as well as dedicated staff to ensure that the business is fully compliant and satisfies all legal and contractual obligations.
Where necessary the opinion of expert professional advisors is sought to advise on market trends and developments to ensure that the Company remains ready to respond to anticipated regulatory changes as they arise.
Health & Safety Risks
Our ‘10 Rules to live by’ support the foundations of how we manage health and safety. We believe that if these rules are followed the chance of preventable accidents and incidents occurring are eliminated. Key features of the Company’s approach to managing Health & Safety risks are as follows:
∙having a Director responsible for all HSQE matters
∙maintaining an independent compliance team dedicated to auditing adherence to both internal and external regulatory and risk management procedures
∙the promotion of safety in all aspects of working life via our safety and wellbeing hub and the publishing of a regular safety newsletter which is cascaded to all staff and workers
∙a focus on health & safety training.
IT System Risks
As with most businesses the Company is reliant on its’ key operating systems for the day-today functioning of the business and the loss of one or more of these systems for an extended period of time would hamper normal trading. In order to mitigate these risks the Company:
∙maintains its Cyber Essentials certification to ensure that best practice in security protections is employed across it’s core operational and financial systems
∙employs subject matter experts either directly or through third party providers to share best practice, undertake peer review of our critical business systems and effectively troubleshoot and manage the recovery of failed or degraded systems
∙employs third party software and hardware support to assure business continuity of critical systems.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Contractual Risks
Due to the nature and relative size of the Company’s clients the Company could be exposed to risks associated with failure to manage contractual risks or requirements or over committing to terms deemed uncommercial, leading to contractual breach or unprofitable contractual arrangements. In order to mitigate these risks the Company:
∙has appropriate governance procedures in place to ensure commercial decisions are taken by the right individuals
∙has access to external legal counsel to advise on key contractual terms
∙liaises with its’ third party insurance providers regarding onerous or non-standard contractual terms.
Competitive Risks
Changes in technology, along with increased third-party outsourcing arrangements provide both a challenge and an opportunity, and the Company believes that the key to successfully growing its business is to have an unparalleled understanding of customers' needs, along with robust and reliable compliance procedures. We have adapted our customer service and commercial approach to reflect the increasing requirements from clients in terms of service offering and the increased sophistication of client contract management teams in the monitoring of actual delivery.
Customer Concentration Risk
The rail and infrastructure market is dominated by a relatively small number of large contractors and service providers. For suppliers of temporary personnel into these sectors this can mean a concentration risk where a significant amount of business is placed with a relatively small number of customers.
In order to reduce reliance on any particular customer or group of customers, the Company continues to focus on securing new business across a more diverse client base to diversify its’ client portfolio and ensure an appropriate spread of business across a variety of clients and segments.
Liquidity Risks
The Company actively manages its working capital requirements to ensure it has sufficient funds for its day-to-day operations by:
∙preparing detailed weekly, monthly and longer-term cash flow forecasts;
∙setting monthly cash collection targets for the credit control and operational teams; and
∙utilising invoice-discounting facilities where appropriate.
Credit Risks
The Company is exposed to third party credit risk as it offers credit terms to its’ customers. The Company manages this risk by:
∙ensuring that all new customers are only granted credit terms following a formal process using external rating agencies to establish creditworthiness
∙utilising external rating agencies to monitor existing clients’ creditworthiness and reviewing existing credit terms on a regular basis
∙strictly applying approved credit limits and payment terms
∙ultimately any residual credit risk is significantly mitigated by trade credit insurance.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Interest Rate Cashflow Risks
The Company is exposed to interest rate risk from its invoice discounting facility at a variable rate. The Company is currently not hedged against any movements in interest rates which may impact these balances.
Financial key performance indicators
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The Company’s key financial performance indicators after adjusting for exceptional costs were as follows:
Y/E 31.03.2025 Y/E 31.03.2024 % Change
Turnover (£,000) £47,924 £48,728 -1.6%
Gross Margin (£,000) £10,251 £10,166 0.8%
Gross Margin % 21.4% 20.9% 2.4%
EBITDA (£’000) £2,756 £2,996 -8.5%
EBITDA % 5.8% 6.1% -6.6%
DSO (Days) 66 64 3.1%
Dividend
The Board declared a final dividend of £1,351 per Ordinary Share (£1,000,000 in aggregate) on 29th April 2025.
Outlook
CP7 (2024-29) funding for the rail sector is now active. Network Rail’s CP7 Delivery Plan remains strong for maintenance & renewal – track, structures, OLE, signalling, and station assets. However, the annual assessment by the regulator (ORR) warns that funding pressures mean Network Rail is shifting from large renewals toward more life-extending repairs and maintenance to preserve asset condition under constrained budgets.
In order to offset this anticipated weakness in the rail sector the Company has recently diversified into Power. National Grid has committed £35 billion over five years (to 2031) in its transmission business. Of this, a significant portion (£11 billion) is earmarked for maintaining and upgrading existing transmission networks.
Having secured its’ first two frameworks in this new sector the Company is investing heavily to support this growing opportunity. We should very quickly understand the mobilisation and work volumes which are expected to increase dramatically throughout 2026 & 2027 and this should more than offset any slow down in rail caused by a reduction in government spending.
The momentum of both industries post 2027 will see considerable volume increases across both markets.
The board is therefore optimistic about the future and believes that our strategic direction will enable us to achieve our objectives for 2025-2026 and beyond.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
This S172 statement sets out how the Directors individually and collectively have complied with the requirements of the S172 (a-f) companies act, acting in a way that they consider, in good faith and be most likely to promote the success of the company for the benefit of its shareholders.
S172 (a) The likely consequences of any decision in the long term
The board produces a detailed annual business plan and monitors this monthly throughout the year by reference to detailed operational KPI’s and dashboards and reports on financial performance. Key strategic decisions are underpinned by detailed business cases and an appropriate level of financial modelling.
S172 (b) The interest of the company’s employees
The Directors understand that our employees are vital to the Company’s long-term success and its’ success is dependent on retaining, attracting, training and motivating employees.
The health, safety, and wellbeing of everyone involved in or affected by our business is our number one priority. We strive to invest in our management systems, processes, and daily operational activities to ensure we focus on reducing risk and keeping all concerned safe and well.
We take a long-term view to the continued development and improvement of our systems and processes with increasing focus placed on health and wellbeing both, physical and mental, and we are integrating the use of new technology to further enhance how we take care of our colleagues and local communities.
We have in place a range of measures to raise health and wellbeing awareness and provide support to our workforce including regular health and wellbeing events, targeted campaigns on key risk areas, access to free Employee Assistance Programmes and on-site health checks for frontline workers.
The board communicates with its employees on a regular basis through company-wide communications.
S172 (c) The need to foster the company’s business relationships with suppliers, customers and others
The Company’s success has been built on numerous longstanding and trusted client relationships. Our customers are key to every decision we make. We must ensure that we understand evolving client requirements to match them with our best candidates and the services that they require. We engage with clients via regular communications in our day-to-day activities, and via formal feedback requests. We have dedicated account managers in place to look after their needs and this allows us to deliver a tailored service to meet all of their requirements.
The Company understands the importance of our supply chain in delivering our long-term plans. One of the ways that we can ensure we have an effective relationship with our supply chain is to ensure we pay them on time. We meet regularly with our key supply chain business partners to share business updates, explore emerging market trends and determine joint business development initiatives.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
S172 (d) The impact of the company’s operations on the community and environment
We strongly believe that as a successful business that can make an impact and leave a positive legacy within the communities we work amongst, it is important that we pro-actively seek out opportunities to implement our social value strategy. We are passionate about encouraging the next generation of workers into our industry and have strong engagement with local schools, colleges, and universities. We have a dedicated Company Social Value Champion who works closely with partner organisations to support individuals whose routes to recruitment can be more challenging.
We are determined to play our part in transforming the communities surrounding the offices from which we deliver our services. We are committed to being a good neighbour and will work with local communities to help tackle issues that affect their financial, physical or mental wellbeing. We will listen and fully engage to ensure we provide solutions and opportunities for local communities to thrive.
We participate in various recycling schemes including working with a paper shredding company to reduce deforestation . We have engaged with a partner to ensure that all our old IT equipment including mobile telephones are disposed in a sustainable way and where possible parts are recycled. We promote conservative driving techniques to reduce fuel consumption and greenhouse gas emissions.
S172 (e) The desirability of the company maintaining a reputation for high standards of business conduct
We recognise that all members of the Company's Senior Management Team have a critical role in shaping a positive culture within the business and for personally championing the behaviours we expect to see from others both within our business and within the supply chain. Our Governance Journey which is underpinned by our Core Values sets out what we stand for, what we expect from our workforce and how we intend to deliver our corporate responsibility strategy. Our Governance Journey sets out our commitments to: Safety; Social Value; Health and Wellbeing; Customer Focus and Excellence; Code of Conduct and Accountability; and Environmental Responsibility.
We rigorously enforce our Company policies around modern slavery; antibribery and corruption; and health and safety and have a zero tolerance for breaches of the guidelines and expectations therein which is supported by regular awareness training.
S172 (f) The need to act fairly between members of the company
We strongly believe that in order to be successful a business needs to operate as a strong cohesive team where the complimentary skill sets of team members are respected and leveraged in order to achieve the desired outcomes. We achieve this by:
∙setting ourselves and our workforce the highest standards of behaviour
∙always challenging unethical or immoral behaviour and achieving transparency in the reporting of such
∙being respectful to our colleagues, customers, supply chain representatives and the general public
∙developing and implementing an approach to equality, diversity and inclusion that considers all relevant legislation
∙complying with our Code of Business, Code of Conduct and supporting policies
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
This report was approved by the board and signed on its behalf.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 MARCH 2025
The directors present their report and the audited financial statements for the year ended 31 March 2025.
Directors' responsibilities statement
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The directors are responsible for preparing the Strategic Report, the Directors' Report and the audited financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare audited financial statements for each financial year. Under that law the directors have elected to prepare the audited financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the audited financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these audited financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgements and accounting estimates that are reasonable and prudent;
∙state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements;
∙prepare the audited financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the audited financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The directors are responsible for the maintenance and integrity of the corporate and financial information included on the Company's website. Legislation in the United Kingdom governing the preparation and dissemination of audited financial statements and other information included in Directors' Reports may differ from legislation in other jurisdictions.
The principal activity of the Company is that of supplying labour to the railway industry.
The profit for the year, after taxation, amounted to £2,538,158 (2024 - 1,128,338)
Dividends of £1,000,000 were declared during the year (2024 - £NIL).
The directors who served during the year were:
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P T Ballard (appointed 3 July 2024)
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
The board is optimistic about the future and believes that our strategic direction will enable us to achieve our
objectives for 2025-2026 and beyond, delivering sustainable and profitable growth.
Streamlined Energy and Carbon Reporting (SECR)
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Reporting Approach
This SECR disclosure is in accordance with the Companies (Directors’ Report) and Limited Liability Partnerships (Amendment) Regulations 2018. The company is reporting on energy use and associated emissions from relevant UK operations.
Reporting boundary: All UK-based operations under operational control
Methodology: Emissions calculations are based on the UK Government's 2024 GHG Conversion Factors published by BEIS/Defra. Location-based reporting is used for electricity emissions.
Energy Consumption and Greenhouse Gas Emissions
Energy Consumption
Electricity consumption data has been estimated for the full reporting period using a combination of actual and prorated estimated data. This approach provides a reasonable estimate of total electricity consumption for the year. Gas and transport fuels were compiled using actual data.
Energy Type Consumption Unit
Electricity 62,712 kWh
Natural gas 9,083 kWh
Transport fuels 635,901 Litres
Emissions Breakdown
Emissions have been calculated using the UK Government's 2024 GHG Conversion Factors for Company Reporting, published by the Department for Energy Security and Net Zero (DESNZ, formerly BEIS). Electricity emissions are reported using the location-based method, which reflects the average emissions intensity of the UK grid.
Scope 1 report
Source Scope Emissions (tCO2e)
Gas Scope 1 1.66
Vehicle fuel Scope 1 1,567.27
Total 1,568.93
Scope 2 report
Source Scope Emissions (tCO2e)
Electricity Scope 2 12.85
Total 12.85
Grand Total (Scopes 1 + 2) = 1581.78
The total scope 1 and 2 emissions for the reporting period were 1,581.8 tCO2e. Scope 1 emissions arise
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
primarily from company vehicle use and natural gas consumption, while scope 2 emissions are from purchased electricity for office operations.
Intensity Ratios
The following intensity ratios are used to normalise emissions relative to the size and activity of the company.
Intensity Metric Result
Emissions per £m revenue 33.01 iCO2e/£m
Energy Efficiency Action Taken
The company has partnered with BP and their Carbon Connect programme to offset all carbon generated by the consumption of fleet fuels in certified carbon capture and mitigation schemes. In addition, Scope 2 energy use for the ISS leased offices in Salford, Cannock and Annesley is provided by certified renewable energy providers.
Our fleet composition has been reduced and adjusted over the last year to remove some older diesel light commercial vehicles and replace with pertrol-hybrid alternatives, reducing the amount of fuel consumed as part of the wider strategy to work towards net zero and carbon neutral activities.
The Scope 3 supply of PPE is sourced from a Net Zero range of workwear, where the items have had their carbon footprint calculated and offset reducing a large part of our scope 3 emissions
Our planning teams have moved to digital tablets to share briefing documents for safe work planning, reducing a significant amount of paper used per week for site safety packs.
We have developed worker mileage reports for all shifts worked on our Signal Fatigue and Rostering system. This allows us to understand the environmental impact of all activities and shifts worked, mileage distance and time travelled per client, and allows us to calculate employee commuting and non-fleet journeys, with a view to mitigating and offsetting this particular element of our scope 3 footprint. We also report and understand the carbon associated with hotel use and have the opportunity through BP Carbon Connect to offset additional carbon generated by these scope 3 activities.
Matters covered in the Strategic Report
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The Directors have chosen, in accordance with s414C of the Companies Act, to disclose the information relating to principal risk and uncertainties, review of the business, key performance indicators and future developments in the Strategic Report.
Disclosure of information to auditors
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Each of the persons who are directors at the time when this Directors' Report is approved has confirmed that:
∙so far as the director is aware, there is no relevant audit information of which the Company's auditors are unaware, and
∙the director has taken all the steps that ought to have been taken as a director in order to be aware of any relevant audit information and to establish that the Company's auditors are aware of that information.
Post balance sheet events
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There were no post balance sheet events during the current year.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
Under section 487(2) of the Companies Act 2006, BKL Audit LLP will be deemed to have been reappointed as
auditors 28 days after these financial statements were sent to members or 28 days after the latest date prescribed for filing the accounts with the registrar, whichever is earlier.
This report was approved by the board and signed on its behalf.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
We have audited the financial statements of Infrastructure Support Solutions Limited (the 'Company') for the year ended 31 March 2025, which comprise the Statement of Income and Retained Earnings, the Statement of Financial Position and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
∙give a true and fair view of the state of the Company's affairs as at 31 March 2025 and of its profit for the year then ended;
∙have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and
∙have been prepared in accordance with the requirements of the Companies Act 2006.
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
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In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
Opinion on other matters prescribed by the Companies Act 2006
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In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
Matters on which we are required to report by exception
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In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:
∙adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or
∙the financial statements are not in agreement with the accounting records and returns; or
∙certain disclosures of directors' remuneration specified by law are not made; or
∙we have not received all the information and explanations we require for our audit.
Responsibilities of directors
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As explained more fully in the Directors' Responsibilities Statement set out on page 8, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the directors are responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the Company or to cease operations, or have no realistic alternative but to do so.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED (CONTINUED)
Auditors' responsibilities for the audit of the financial statements
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Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
∙Enquiring of management and those charged with governance around actual and potential litigation and claims;
∙Enquiring of management and those charged with governance to identify any instances of non-compliance with laws and regulations;
∙Reviewing board meeting minutes for all meetings taking place throughout the year and indeed up until the date of signature of these financial statements;
∙Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations;
∙Reviewing the general ledger in detail for all transactions with related parties;
∙Performing walk through testing to ensure systems and controls are operating as recorded where appropriate;
∙Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias.
Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED (CONTINUED)
As part of an audit in accordance with ISAs (UK), we exercise professional judgement and maintain professional scepticism throughout the audit. We also:
∙Identify and assess the risks of material misstatement of the financial statements, whether due to fraud or error, design and perform audit procedures responsive to those risks, and obtain audit evidence that is sufficient and appropriate to provide a basis for our opinion. The risk of not detecting a material misstatement resulting from fraud is higher than for one resulting from error, as fraud may involve collusion, forgery, intentional omissions, misrepresentations, or the override of internal control.
∙Obtain an understanding of internal control relevant to the audit in order to design audit procedures that are appropriate in the circumstances, but not for the purpose of expressing an opinion of the effectiveness of the Company's internal control.
∙Evaluate the appropriateness of accounting policies used and the reasonableness of accounting estimates and related disclosures made by the directors.
∙Conclude on the appropriateness of the directors' use of the going concern basis of accounting and, based on the audit evidence obtained, whether a material uncertainty exists related to events or conditions that may cast significant doubt on the Company's ability to continue as a going concern. If we conclude that a material uncertainty exists, we are required to draw attention in our Auditors' Report to the related disclosures in the financial statements or, if such disclosures are inadequate, to modify our opinion. Our conclusions are based on the audit evidence obtained up to the date of our Auditors' Report. However, future events or conditions may cause the Company to cease to continue as a going concern.
∙Evaluate the overall presentation, structure and content of the financial statements, including the disclosures, and whether the financial statements represent the underlying transactions and events in a manner that achieves fair presentation.
We communicate with those charged with governance regarding, among other matters, the planned scope and timing of the audit and significant audit findings, including any significant deficiencies in internal control that we identify during our audit.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
Nick Bishop FCA (Senior Satutory Auditor)
for and on behalf of
BKL Audit LLP
Chartered Accountants
Statutory Auditor
35 Ballards Lane
London
N3 1XW
26 November 2025
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
STATEMENT OF INCOME AND RETAINED EARNINGS
FOR THE YEAR ENDED 31 MARCH 2025
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Exceptional administrative expenses
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Income from fixed assets investments
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Amounts written off investments
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Interest receivable and similar income
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Interest payable and similar expenses
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Retained earnings at the beginning of the year
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Retained earnings at the end of the year
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There were no recognised gains and losses for 2025 or 2024 other than those included in the statement of income and retained earnings.
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The notes on pages 19 to 37 form part of these financial statements.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
REGISTERED NUMBER: 06253082
STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2025
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Debtors: amounts falling due within one year
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Creditors: amounts falling due within one year
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Total assets less current liabilities
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Creditors: amounts falling due after more than one year
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Provisions for liabilities
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The financial statements were approved and authorised for issue by the board and were signed on its behalf on 26 November 2025.
The notes on pages 19 to 37 form part of these financial statements.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The principal activity of the Company is that of supplying labour to the railway industry.
The Company is a private company limited by shares and registered in England and Wales.
The Registered Office address is Pure Offices, Suites 136 and 137 Lake View Drive, Annesley, Nottingham, NG15 0DT.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland ('FRS 102') and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
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Financial Reporting Standard 102 - reduced disclosure exemptions
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The Company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
∙the requirements of Section 7 Statement of Cash Flows;
∙the requirements of Section 3 Financial Statement Presentation paragraph 3.17(d);
∙the requirements of Section 11 Financial Instruments paragraphs 11.42, 11.44 to 11.45, 11.47, 11.48(a)(iii), 11.48(a)(iv), 11.48(b) and 11.48(c);
∙the requirements of Section 12 Other Financial Instruments paragraphs 12.26 to 12.27, 12.29(a), 12.29(b) and 12.29A;
∙the requirements of Section 33 Related Party Disclosures paragraph 33.7.
This information is included in the consolidated financial statements of ISS Labour Group Holdings Limited as at 31 March 2025 and these financial statements may be obtained from the registered office.
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Exemption from preparing consolidated financial statements
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The Company is a parent company that is also a subsidiary included in the consolidated financial statements of a larger group by a parent undertaking established under the law of any part of the United Kingdom and is therefore exempt from the requirement to prepare consolidated financial statements under section 400 of the Companies Act 2006.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
The financial statements have been prepared on the going concern basis, which assumes that the Company will continue to trade for the foreseeable future, being a period of twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due.
The directors have a reasonable expectation, based on their assessment of the Company’s financial
position and resources that it will continue in operational existence for the foreseeable future, being a period of twelve months from the date of approval of these financial statements, and will be able to meet its debts as they fall due. The directors therefore continue to adopt the going concern basis of accounting in preparing the annual financial statements.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:
Revenue represents income from provison of temporary labour which is recognised at the end of the completed working week based on hours worked multiplied by the contracted rates and also income from hire of safety critical equipment which is recognised at the end of the completed working week based on contracted rates. In each case, revenue is only recognised when the service has been provided and the Company is contractually entitled to the revenue. Amounts invoiced by the Company in respect of sales completed during the year, exclude value added tax. Sales are wholly attributed to activities within the UK.
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Operating leases: the Company as lessee
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Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.
Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.
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Leased assets: the Company as lessee
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Assets obtained under hire purchase contracts and finance leases are capitalised as tangible fixed assets. Assets acquired by finance lease are depreciated over the shorter of the lease term and their useful lives. Assets acquired by hire purchase are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to profit or loss so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Interest income is recognised in profit or loss using the effective interest method.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Finance costs are charged to Statement of Income and Retained Earnings over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Defined contribution pension plan
The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.
The contributions are recognised as an expense in Statement of Income and Retained Earnings when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.
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Current and deferred taxation
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The tax expense for the year comprises current and deferred tax. Tax is recognised in Statement of Income and Retained Earnings except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.
Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
Goodwill
Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Statement of Income and Retained Earnings over its useful economic life.
All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.
At each reporting date the Company assesses whether there is any indication of impairment. If such indication exists, the recoverable amount of the asset is determined which is the higher of its fair value less costs to sell and its value in use. An impairment loss is recognised where the carrying amount exceeds the recoverable amount.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in Statement of Income and Retained Earnings.
Investments in subsidiaries are measured at cost less accumulated impairment.
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Cash and cash equivalents
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Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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Provisions for liabilities
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Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.
The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.
(i) Financial assets
Basic financial assets, including fixed asset investment, trade and other debtors, are initially recognised at transaction price, unless the arrangement consitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Such assets are subsequently carried at amortised cost using the effective interest method.
At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.
(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
(iii) Offsetting
Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
2.Accounting policies (continued)
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Financial instruments (continued)
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settle on a net basis or to realise the asset and settle the liability simultaneously.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
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Judgements in applying accounting policies and key sources of estimation uncertainty
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The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the application of the accounting policies and the reported amounts of assets and liabilities, income and expenses. Actual results may differ from these estimates.
Estimates and underlying assumptions are continually evaluated and are based on historical experience and other factors, including expectations of future events that are reasonable under the circumstances. Revisions to accounting estimates are recognised in the period in which the estimates are revised and in any future periods affected.
Useful economic lives of tangible assets
The annual depreciation charge for tangible assets is sensitive to changes in the estimated useful economic lives and residual values of the assets. The useful economic lives and residual values are reassessed annually. They are amended when necessary to reflect current estimates, based on technological advancement, future investments, economic utilisation and the physical condition of the assets. See note 16 for the carrying amount of the tangible assets, and accounting policy note 2.14 for the useful economic lives of each class of asset.
Useful economic lives of intangible assets
The annual amortisation charge for intangible assets is sensitive to indicators of impairment, as well as the expected useful life of the asset. Management reassess goodwill annually for indicators of impairment and the estimated time over which is is amortised.
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All turnover arose within the United Kingdom.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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The operating profit is stated after (crediting) / charging:
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Profit on the sale of fixed assets
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Other operating lease rentals
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Depreciation of tangible assets
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Depreciation on right of use assets
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During the year, the Company obtained the following services from the Company's auditors:
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Fees payable to the Company's auditors for the audit of the Company's financial statements
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The Company has taken advantage of the exemption not to disclose amounts paid for non-audit services as these are disclosed in the consolidated accounts of the parent Company.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Staff costs, including directors' remuneration, were as follows:
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Cost of defined contribution scheme
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The average monthly number of employees, including the directors, during the year was as follows:
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Company contributions to defined contribution pension schemes
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During the year retirement benefits were accruing to 4 directors (2024 - 3) in respect of defined contribution pension schemes.
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The highest paid director received remuneration of £309,706 (2024 - £303,460).
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The value of the Company's contributions paid to a defined contribution pension scheme in respect of the highest paid director amounted to £24,777 (2024 - £24,277).
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The total accrued pension provision of the highest paid director at 31 March 2025 amounted to £NIL (2024 - £NIL).
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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During the current year, a dividend of £1,205,978 was declared by Fencing & Lighting Contractors Limited, the subsidiary entity.
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Interest receivable from group companies
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Finance leases and hire purchase contracts
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Current tax on profits for the year
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Origination and reversal of timing differences
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Factors affecting tax charge for the year
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The tax assessed for the year is lower than (2024 - higher than) the standard rate of corporation tax in the UK of 25% (2024 - 25%). The differences are explained below:
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Profit on ordinary activities before tax
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Profit on ordinary activities multiplied by standard rate of corporation tax in the UK of 25% (2024 - 25%)
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Fixed asset timing differences
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Expenses not deductible for tax purposes
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Non-tax deductible amortisation of goodwill and impairment
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Other timing differences leading to an increase (decrease) in taxation
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Investment expenditure impairment losses
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Unrelieved loss on carried forward
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Total tax charge for the year
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Non recurring employee bonuses and redundancy costs
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Charge for the year on owned assets
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In September 2024, the Company acquired the beneficial interest in two customer contracts of CRS Limited.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Charge for the year on right-of-use assets
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Investments in subsidiary companies
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The Company holds an investment in a 100% owned subsidiary, Fencing and Lighting Contractors Limited. At 31 March, Fencing and Lighting Contractors Limited had net liabilities of £5,462 (2024: net assets of £1,216,459) and a loss for the year of £15,943 (2024: profit of £193,824).
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Amounts owed by group undertakings
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Prepayments and accrued income
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Amounts owed by group undertakings are unsecured, repayable on demand and bear interest at 10% per annum.
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Cash and cash equivalents
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Bank overdraft includes a balance of £4,705,184 (2024: £4,629,531) which relates to an invoice discounting facility which is secured over the Company's trade debtors.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Creditors: Amounts falling due within one year
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Amounts owed to group undertakings
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Other taxation and social security
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Accruals and deferred income
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Included in amounts owed to group undertakings is £250,000 owed to a shareholder, which bears interest of 8%, is unsecured and repayable on demand. The remainder of the balance owed to group undertakings is interest free, unsecured and repayable on demand.
Included in other creditors is a balance of £4,705,184 (2024: £4,629,531) which relates to an invoice discounting facility which is secured over the Company's trade debtors.
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Creditors: Amounts falling due after more than one year
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Hire purchase and finance leases
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Minimum lease payments under hire purchase fall due as follows:
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
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Charged to profit or loss
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The provision for deferred taxation is made up as follows:
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Accelerated capital allowances
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Authorised, allotted, called up and fully paid
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740 (2024 - 740) Ordinary Shares of £1.00 each
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Other reserves
The other reserves represent the nominal value of own shares repurchased.
Profit and loss account
The profit and loss account represents total undistributed profits less losses and dividends paid.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
On 24th September 2024 the Company acquired the benefit of two contracts for the supply of personnel solutions into KGJ Price Rail Limited and Balfour Beatty Rail Limited. These contracts were acquired from CRS Limited for total consideration of £272,683. As no tangible assets or liabilities were acquired as part of this transaction the whole of the purchase price has been treated as goodwill and will be amortised to the profit and loss account over its’ estimated useful economic life of 10 years.
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Acquisition of CRS Limited
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Recognised amounts of identifiable assets acquired and liabilities assumed
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Total purchase consideration
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Directly attributable costs
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Total purchase consideration
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Cash outflow on acquisition
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Net cash outflow on acquisition
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The goodwill arising on acquisition is attributable to the fact that CRS Limited has no assets or liabilities, only two contracts for the supply of personnel into KGJ Price Rail Limited and Balfour Beatty Rail Limited
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A subcontractor employed via an umbrella payroll agency was involved in a Road Traffic Accident whilst driving a vehicle hired by the company. The insurance company that provided insurance for the vehicle has issued a reservation of rights on the resulting claim and therefore there is a potential liability for the Company. The resolution of this matter may give rise to an obligation at the balance sheet date caused by events that precede this date. However, this will only be confirmed by future events which currently have outcomes that are unknown or uncertain. Whilst the directors consider any claim against the Company is unlikely to succeed the likelihood of a claim being bought is more than remote and so this has been disclosed as a contingent liability. It is not possible at this time to quantify any potential liability.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £212,014: £ 192,076). Contributions totalling £ 71,476 (2024: £ 96,182) were payable to the fund at the reporting date and are included in creditors.
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Commitments under operating leases
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At 31 March 2025 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:
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Later than 1 year and not later than 5 years
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Related party transactions
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The Company has taken advantage of the exemption conferred by FRS 102 section 33.1A from the requirement to disclose transactions with other wholly owned group undertakings.
At 31 March 2025, included in debtors is a balance of £113,765 (2024: NIL) relating relating to a company under common control. Also included in debtors is a balance of £1,350,000 (2024: £1,350,000) owed by a company under common control on behalf of the parent company. Included in creditors is a balance of £10,053 (2024: NIL) owed to companies under common control.
Also included in creditors is a balance of £250,000 (2024: £500,000) owed to Conduit Rail Limited, a shareholder of the ultimate parent.
The Company paid £28,986 (2024: £51,178) interest arising on amounts due to group companies.
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Post balance sheet events
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There have been no significant events affecting the Company since the year end.
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INFRASTRUCTURE SUPPORT SOLUTIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2025
The Company's immediate parent company is ISS Labour Group Limited, a company incorporated in England & Wales.
The Registered Office and principal place of business of ISS Labour Group Limited is Pure Offices, Suites 136 And 137 Lake View Drive, Annesley, Nottingham, England, NG15 0DT.
The ultimate parent is ISS Labour Group (Holdings) Limited, a company registered in England & Wales.
The Registered Office and principal place of business of ISS Labour Group (Holdings) Limited is 134 Buckingham Palace Road, London, United Kingdom, SW1W 9SA.
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