Company Registration No. 02660813 (England and Wales)
IVER TECHNICAL SERVICES LIMITED
Unaudited accounts
for the year ended 31 October 2022
IVER TECHNICAL SERVICES LIMITED
Unaudited accounts
Contents
IVER TECHNICAL SERVICES LIMITED
Company Information
for the year ended 31 October 2022
Directors
J. C. Thomson
S. H. Winton
P. K. Martin
Company Number
02660813 (England and Wales)
Registered Office
Chalfont St Peter
SL9 9QL
United Kingdom
Accountants
Lane Accounting Limited
Denmark House
143 High Street
Chalfont St Peter
Buckinghamshire
SL9 9QL
IVER TECHNICAL SERVICES LIMITED
Statement of financial position
as at 31 October 2022
Tangible assets
120,638
152,931
Cash at bank and in hand
216,158
275,397
Creditors: amounts falling due within one year
(229,265)
(167,621)
Net current assets
179,543
207,771
Total assets less current liabilities
300,181
360,702
Creditors: amounts falling due after more than one year
(144,129)
(202,064)
Net assets
156,052
158,638
Called up share capital
30
30
Profit and loss account
156,022
158,608
Shareholders' funds
156,052
158,638
For the year ending 31 October 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 19 July 2023 and were signed on its behalf by
J. C. Thomson
Director
Company Registration No. 02660813
IVER TECHNICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 31 October 2022
IVER TECHNICAL SERVICES LIMITED is a private company, limited by shares, registered in England and Wales, registration number 02660813. The registered office is Chalfont St Peter, SL9 9QL, United Kingdom.
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% Reducing Balance
Motor vehicles
20% Reducing Balance
Fixtures & fittings
15% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2021
25,563
266,821
20,657
313,041
At 31 October 2022
27,262
266,821
20,657
314,740
At 1 November 2021
20,971
118,930
20,209
160,110
Charge for the year
1,679
32,246
67
33,992
At 31 October 2022
22,650
151,176
20,276
194,102
At 31 October 2022
4,612
115,645
381
120,638
At 31 October 2021
4,592
147,891
448
152,931
IVER TECHNICAL SERVICES LIMITED
Notes to the Accounts
for the year ended 31 October 2022
Amounts falling due within one year
Trade debtors
192,450
99,795
6
Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
40,000
40,000
Obligations under finance leases and hire purchase contracts
20,076
37,058
Trade creditors
74,970
52,148
Taxes and social security
28,332
4,099
Other creditors
13,327
2,969
Loans from directors
1,310
1,457
7
Creditors: amounts falling due after more than one year
2022
2021
Bank loans
133,333
160,000
Obligations under finance leases and hire purchase contracts
10,796
42,064
8
Average number of employees
During the year the average number of employees was 10 (2021: 10).
