Ironmongery Services Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 03525682 (England and Wales)

ABRIDGED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

FOR

IRONMONGERY SERVICES LIMITED

Page

Company Information

1

Abridged Statement of Financial Position

2

Notes to the Financial Statements

3

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

CURRENT ASSETS

Inventories

257,525

308,468

Debtors

142,918

199,765

Cash at bank

158,511

115,067

558,954

623,300

CREDITORS

Amounts falling due within one year

212,425

280,799

NET CURRENT ASSETS

346,529

342,501

TOTAL ASSETS LESS CURRENT LIABILITIES

346,529

342,501

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

345,529

341,501

SHAREHOLDERS' FUNDS

346,529

342,501

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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 2022 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 13 September 2023 and were signed by:

K J Banton - Director

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 (2021 - 1 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Totals

£

COST

At 1 January 2022

and 31 December 2022

989

DEPRECIATION

At 1 January 2022

and 31 December 2022

989

NET BOOK VALUE

At 31 December 2022

-

At 31 December 2021

-

5.	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 from related parties as at the balance sheet date are £67,118 (2021: £46,106).