Industrial Engineering & Installation Services Limited

Industrial Engineering & Installation Services Limited

INDUSTRIAL ENGINEERING & INSTALLATION SERVICES LIMITED - Company Information

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21 July 2017 false No description of principal activity Taxfiler 2018.21.Web 10878514business:PrivateLimitedCompanyLtd2017-07-212018-07-31 108785142017-07-20 108785142017-07-212018-07-31 10878514business:AuditExemptWithAccountantsReport2017-07-212018-07-31 10878514business:FullAccounts2017-07-212018-07-31 108785142018-07-31 10878514business:Director22017-07-212018-07-31 10878514business:Director32017-07-212018-07-31 10878514business:RegisteredOffice2017-07-212018-07-31 10878514core:WithinOneYear2018-07-31 10878514core:ShareCapital2018-07-31 10878514core:RetainedEarningsAccumulatedLosses2018-07-31 10878514business:SmallEntities2017-07-212018-07-31 10878514countries:EnglandWales2017-07-212018-07-31 10878514core:PlantMachinery2017-07-212018-07-31 10878514core:MotorVehicles2017-07-212018-07-31 10878514core:FurnitureFittings2017-07-212018-07-31 10878514core:ComputerEquipment2017-07-212018-07-31 10878514core:PlantMachinery2017-07-20 10878514core:MotorVehicles2017-07-20 10878514core:ComputerEquipment2017-07-20 10878514core:PlantMachinery2018-07-31 10878514core:MotorVehicles2018-07-31 10878514core:ComputerEquipment2018-07-31 10878514business:OrdinaryShareClass12017-07-212018-07-31 10878514business:Director212017-07-212018-07-31 10878514business:Director212017-07-20 10878514business:Director212018-07-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10878514 (England and Wales)
Industrial Engineering & Installation Services Limited Unaudited accounts for the period from 21 July 2017 to 31 July 2018
Industrial Engineering & Installation Services Limited Unaudited accounts Contents
Page
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Industrial Engineering & Installation Services Limited Company Information for the period from 21 July 2017 to 31 July 2018
Directors
Mr Andrew Ridge Mr Stuart Samuel Ashby
Company Number
10878514 (England and Wales)
Registered Office
Charter House 7-9 Wagg Street Congleton Cheshire CW12 4BA England
Accountants
Paul Austen Associates Ltd Charter House 7-9 Wagg Street Congleton Cheshire CW12 4BA
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Industrial Engineering & Installation Services Limited Statement of financial position as at 31 July 2018
2018 
Notes
£ 
Fixed assets
Tangible assets
4
75,818 
Current assets
Debtors
5
545,796 
Cash at bank and in hand
322,386 
868,182 
Creditors: amounts falling due within one year
6
(277,841)
Net current assets
590,341 
Total assets less current liabilities
666,159 
Provisions for liabilities
Other provisions
(167,692)
Net assets
498,467 
Capital and reserves
Called up share capital
7
100 
Profit and loss account
498,367 
Shareholders' funds
498,467 
For the period ending 31 July 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 20 March 2019.
Mr Andrew Ridge Director Company Registration No. 10878514
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Industrial Engineering & Installation Services Limited Notes to the Accounts for the period from 21 July 2017 to 31 July 2018
1
Statutory information
Industrial Engineering & Installation Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10878514. The registered office is Charter House, 7-9 Wagg Street, Congleton, Cheshire, CW12 4BA, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Straight Line Basis
Motor vehicles
25% Straight Line Basis
Fixtures & fittings
25% Straight Line Basis
Computer equipment
25% Straight Line Basis
Provisions
The provision is an estimate for reworks where the company has a legal obligation to warrant reworks required for its contracts. Warranty periods can extend to three years but as the company and contracts are new no reliable data exists for the costs of expected reworks. Works also require a commission phase so at the date of signing the company is not yet at a phase where reworks are incurred but this may be imminent and so a reasonable estimate of the likely costs considered by the directors is ten percent of turnover evenly split over three years and discounted to a present value at severn percent. Provisions or contingent liabilities will be adjusted as more reliable data becomes available.
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Industrial Engineering & Installation Services Limited Notes to the Accounts for the period from 21 July 2017 to 31 July 2018
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 21 July 2017
- 
- 
- 
- 
Additions
24,986 
63,485 
12,618 
101,089 
At 31 July 2018
24,986 
63,485 
12,618 
101,089 
Depreciation
Charge for the period
6,246 
15,871 
3,154 
25,271 
At 31 July 2018
6,246 
15,871 
3,154 
25,271 
Net book value
At 31 July 2018
18,740 
47,614 
9,464 
75,818 
5
Debtors
2018 
£ 
Trade debtors
262,791 
Accrued income and prepayments
6,250 
Other debtors
276,755 
545,796 
6
Creditors: amounts falling due within one year
2018 
£ 
Obligations under finance leases and hire purchase contracts
24,151 
Trade creditors
966 
Taxes and social security
234,942 
Other creditors
17,382 
Loans from directors
400 
277,841 
7
Share capital
2018 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
Shares issued during the period:
100 Ordinary shares of £1 each
100 
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Industrial Engineering & Installation Services Limited Notes to the Accounts for the period from 21 July 2017 to 31 July 2018
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
Mr Andrew Ridge
Amounts owed to director
- 
- 
400 
(400)
- 
- 
400 
(400)
Amount owed to director 400.00
9
Average number of employees
During the period the average number of employees was 0.
10
Reconciliations on adoption of FRS 102
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