Company Registration No. 10878514 (England and Wales)
Industrial Engineering & Installation Services Limited
Unaudited accounts
for the year ended 31 July 2019
Industrial Engineering & Installation Services Limited
Unaudited accounts
Contents
Industrial Engineering & Installation Services Limited
Company Information
for the year ended 31 July 2019
Directors
Mr Andrew Ridge
Mr Stuart Samuel Ashby
Company Number
10878514 (England and Wales)
Registered Office
Riverside
Mountbatten Way
Congleton
Cheshire
CW12 1DY
Accountants
Paul Austen Associates Ltd
Riverside
Mountbatten Way
Congleton
Cheshire
CW12 1DY
Industrial Engineering & Installation Services Limited
Statement of financial position
as at 31 July 2019
Tangible assets
154,999
75,818
Cash at bank and in hand
529,628
322,386
Creditors: amounts falling due within one year
(1,346,334)
(277,841)
Net current assets
1,043,438
590,341
Total assets less current liabilities
1,198,437
666,159
Provisions for liabilities
Other provisions
(167,692)
(167,692)
Net assets
1,030,745
498,467
Called up share capital
100
100
Profit and loss account
1,030,645
498,367
Shareholders' funds
1,030,745
498,467
For the year ending 31 July 2019 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 19 October 2019.
Mr Andrew Ridge
Director
Company Registration No. 10878514
Industrial Engineering & Installation Services Limited
Notes to the Accounts
for the year ended 31 July 2019
Industrial Engineering & Installation Services Limited is a private company, limited by shares, registered in England and Wales, registration number 10878514. The registered office is Riverside, Mountbatten Way, Congleton, Cheshire, CW12 1DY.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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.
Industrial Engineering & Installation Services Limited
Notes to the Accounts
for the year ended 31 July 2019
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2018
-
24,986
63,485
12,618
101,089
Additions
28,594
12,117
57,536
16,457
114,704
At 31 July 2019
28,594
37,103
121,021
29,075
215,793
At 1 August 2018
-
6,246
15,871
3,154
25,271
Charge for the year
-
7,715
21,328
6,480
35,523
At 31 July 2019
-
13,961
37,199
9,634
60,794
At 31 July 2019
28,594
23,142
83,822
19,441
154,999
At 31 July 2018
-
18,740
47,614
9,464
75,818
Trade debtors
1,333,096
262,791
Accrued income and prepayments
6,250
6,250
Other debtors
520,798
276,755
6
Creditors: amounts falling due within one year
2019
2018
Obligations under finance leases and hire purchase contracts
16,507
24,151
Trade creditors
483,216
966
Taxes and social security
364,067
234,942
Other creditors
482,544
17,382
Loans from directors
-
400
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Amounts owed to director
(400)
400
-
-
Industrial Engineering & Installation Services Limited
Notes to the Accounts
for the year ended 31 July 2019
9
Average number of employees
During the year the average number of employees was 0 (2018: 0).
