Company Registration No. 04620637 (England and Wales)
Industria UK Limited
Unaudited accounts
for the year ended 31 December 2022
Industria UK Limited
Unaudited accounts
Contents
Industria UK Limited
Statement of financial position
as at 31 December 2022
Tangible assets
76,082
89,268
Cash at bank and in hand
77,795
77,386
Creditors: amounts falling due within one year
(47,526)
(38,725)
Net current assets
33,552
39,683
Total assets less current liabilities
109,634
128,951
Creditors: amounts falling due after more than one year
(62,515)
(86,244)
Provisions for liabilities
Deferred tax
(9,337)
(10,588)
Called up share capital
100
100
Profit and loss account
37,682
32,019
Shareholders' funds
37,782
32,119
For the year ending 31 December 2022 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.
The financial statements were approved by the Board of Directors and authorised for issue on 22 May 2023 and were signed on its behalf by
Darshana DISLEY
Director
Company Registration No. 04620637
Industria UK Limited
Notes to the Accounts
for the year ended 31 December 2022
Industria UK Limited is a private company, limited by shares, registered in England and Wales, registration number 04620637. The registered office is 122 Charles Street, Leicester, LE1 1LB.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
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
20% reducing balance
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Government grants in relation to expenditure are credited when the expenditure is charged to profit and loss.
Industria UK Limited
Notes to the Accounts
for the year ended 31 December 2022
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged against profit on a straight line basis over the lease term.
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
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Tangible fixed assets
Land & buildings
Plant & machinery
Total
Cost or valuation
At cost
At cost
At 1 January 2022
55,185
322,544
377,729
At 31 December 2022
55,185
328,382
383,567
At 1 January 2022
26,931
261,530
288,461
Charge for the year
5,651
13,373
19,024
At 31 December 2022
32,582
274,903
307,485
At 31 December 2022
22,603
53,479
76,082
At 31 December 2021
28,254
61,014
89,268
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
10,000
10,648
Trade creditors
4,662
1,525
Taxes and social security
21,887
18,063
Other creditors
8,575
5,095
Industria UK Limited
Notes to the Accounts
for the year ended 31 December 2022
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Creditors: amounts falling due after more than one year
2022
2021
Other creditors
32,823
47,674
8
Average number of employees
During the year the average number of employees was 3 (2021: 3).
