Ironmongery Services Limited - Accounts to registrar (filleted) - small 18.2

Ironmongery Services Limited - Accounts to registrar (filleted) - small 18.2

IRONMONGERY SERVICES LIMITED - Company Information

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REGISTERED NUMBER: 03525682 (England and Wales)















ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

IRONMONGERY SERVICES LIMITED
IRONMONGERY SERVICES LIMITED (REGISTERED NUMBER: 03525682)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 3


IRONMONGERY SERVICES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTOR: K J Banton



SECRETARY: Miss F E Banton



REGISTERED OFFICE: 6a Horninglow Street
Burton upon Trent
Staffordshire
DE14 1NG



REGISTERED NUMBER: 03525682 (England and Wales)



ACCOUNTANTS: Willis & Co
Barclay House
35 Borough Road
Burton upon Trent
Staffordshire
DE14 2DA



BANKERS: Natwest Bank
159 High Street
Burton upon Trent
Staffordshire
DE14 1JG
Page 1
IRONMONGERY SERVICES LIMITED (REGISTERED NUMBER: 03525682)

ABRIDGED STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Inventories 308,468 120,064
Debtors 199,765 206,303
Cash at bank 115,067 219,542
623,300 545,909
CREDITORS
Amounts falling due within one year 280,799 207,679
NET CURRENT ASSETS 342,501 338,230
TOTAL ASSETS LESS CURRENT
LIABILITIES
342,501
338,230

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 341,501 337,230
SHAREHOLDERS' FUNDS 342,501 338,230

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

All the members have consented to the preparation of an abridged Statement of Income and Retained Earnings and an abridged Statement of Financial Position for the year ended 31 December 2021 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2022 and were signed by:




K J Banton - Director


The notes form part of these financial statements

Page 2
IRONMONGERY SERVICES LIMITED (REGISTERED NUMBER: 03525682)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Ironmongery 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.

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


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Revenue is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost and 10% on cost

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 January 2021
and 31 December 2021 989
DEPRECIATION
At 1 January 2021
and 31 December 2021 989
NET BOOK VALUE
At 31 December 2021 -
At 31 December 2020 -

Page 3 continued...
IRONMONGERY SERVICES LIMITED (REGISTERED NUMBER: 03525682)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. DEFERRED TAX
£   
Balance at 1 January 2021 (48 )
Provided during year 9
Tax rate movement
Balance at 31 December 2021 (39 )

6. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

CSH Holdings Limited is the parent company of Ironmongery Services Limited whose registered office and principal place of business are both at the same location, and are shown on the Company Information page.

Sales and purchases between related parties are made under normal market conditions. Outstanding balances with other group members are unsecured and interest free. Amounts due to related parties as at the balance sheet date are £46,106 (2020: £19,519 debtor).

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