IGS Gas (Industrial Gas Services) Ltd,Ltd - AccountsLtd - Accounts

IGS Gas (Industrial Gas Services) Ltd,Ltd - AccountsLtd - Accounts

IGS GAS (INDUSTRIAL GAS SERVICES) LIMITED - Company Information

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2021-01-01 09337787 2021-12-31 09337787 2021-01-01 2021-12-31 09337787 2020-12-31 09337787 2020-01-01 2020-12-31 09337787 uk-core:WithinOneYear 2020-12-31 09337787 uk-core:WithinOneYear 2021-12-31 09337787 uk-core:ShareCapital 2021-12-31 09337787 uk-core:ShareCapital 2020-12-31 09337787 uk-core:RetainedEarningsAccumulatedLosses 2021-12-31 09337787 uk-core:RetainedEarningsAccumulatedLosses 2020-12-31 09337787 uk-bus:Director1 2021-01-01 2021-12-31 09337787 uk-core:PlantMachinery 2021-01-01 2021-12-31 09337787 uk-core:ToolsEquipment 2021-01-01 2021-12-31 09337787 uk-core:ToolsEquipment 2020-12-31 09337787 uk-core:PlantMachinery 2020-12-31 09337787 uk-core:Buildings 2020-12-31 09337787 uk-core:Buildings 2021-01-01 2021-12-31 09337787 uk-core:Buildings 2021-12-31 09337787 uk-core:PlantMachinery 2021-12-31 09337787 uk-core:ToolsEquipment 2021-12-31 iso4217:GBP xbrli:pure 09337787 uk-bus:AuditExemptWithAccountantsReport 2021-01-01 2021-12-31 09337787 uk-bus:FRS102 2021-01-01 2021-12-31 09337787 uk-bus:FullAccounts 2021-01-01 2021-12-31 09337787 uk-bus:PrivateLimitedCompanyLtd 2021-01-01 2021-12-31
IGS Gas (Industrial Gas Services) Ltd
Registered Number:09337787
For the year ended 31 December 2021
England and Wales
Unaudited Financial Statements
2
For the year ended 31 December 2021
IGS Gas (Industrial Gas Services) Ltd
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
09337787
As at 31 December 2021
IGS Gas (Industrial Gas Services) Ltd
Statement of Financial Position
£
£
2020
2021
Notes
Fixed assets
Property, plant and equipment
16,378
16,232
2
16,378
16,232
Current assets
Trade and other receivables
14,800
19,985
3
4,231
Cash and cash equivalents
1,124
21,109
19,031
Trade and other payables: amounts falling due within one
year
(26,075)
(33,536)
4
(7,044)
(12,427)
Net current liabilities
Total assets less current liabilities
3,951
9,188
3,951
Net assets
9,188
Capital and reserves
Called up share capital
1,000
1,000
Retained earnings
2,951
8,188
3,951
9,188
Shareholders' funds
For the year ended 31 December 2021 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 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 proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Peter Lee Director
These financial statements were approved and authorised for issue by the Board on 20 April 2022 and were signed by:
The notes form part of these financial statements
1 of 3
4
For the year ended 31 December 2021
IGS Gas (Industrial Gas Services) Ltd
Notes to the Financial Statements
Statutory Information
IGS Gas (Industrial Gas Services) Ltd is a private limited company, limited by shares, domiciled in England and
Wales, registration number 09337787.
Registered address:
15 Kenilworth Close
Saxilby
Lincoln
Lincolnshire
LN1 2FQ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and machinery
25% Straight line
25% Straight line
Computer equipment
2. Property, plant and equipment
Total
Computer
equipment
Plant and
machinery
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 January 2021
37,203
7,917
15,064
14,222
1,986
1,128
858
-
Additions
At 31 December 2021
14,222
15,922
9,045
39,189
Provision for depreciation and impairment
At 01 January 2021
20,971
6,963
14,008
-
Charge for year
1,840
1,050
790
-
At 31 December 2021
22,811
8,013
14,798
-
At 31 December 2021
Net book value
14,222
1,124
1,032
16,378
At 31 December 2020
14,222
1,056
954
16,232
2 of 3
5
For the year ended 31 December 2021
IGS Gas (Industrial Gas Services) Ltd
Notes to the Financial Statements Continued
3. Trade and other receivables
2020
2021
£
£
Trade debtors
19,473
14,673
Other debtors
512
127
14,800
19,985
4. Trade and other payables: amounts falling due within one year
2020
2021
£
£
Taxation and social security
13,523
13,190
Other creditors
20,013
12,885
33,536
26,075
5. Average number of persons employed
During the year the average number of employees was 2 (2020 : 2)
3 of 3