Ingram Installations Limited - Accounts to registrar (filleted) - small 23.2.5

Ingram Installations Limited - Accounts to registrar (filleted) - small 23.2.5

INGRAM INSTALLATIONS LIMITED - Company Information

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REGISTERED NUMBER: 01056948 (England and Wales)

























Unaudited Financial Statements for the Year Ended 30 September 2023

for

Ingram Installations Limited
Ingram Installations Limited (Registered number: 01056948)






Contents of the Financial Statements
for the Year Ended 30 September 2023




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


Ingram Installations Limited

Company Information
for the Year Ended 30 September 2023







DIRECTORS: K W Ingram
P K Ingram





SECRETARY: P K Ingram





REGISTERED OFFICE: Unit 13 Newby Road
Hazel Grove
Stockport
Cheshire
SK7 5DA





REGISTERED NUMBER: 01056948 (England and Wales)





ACCOUNTANTS: IN Accountancy Limited
2 Station View
Bramhall Moor Lane
Hazel Grove
Stockport
Cheshire
SK7 5ER
Page 1
Ingram Installations Limited (Registered number: 01056948)

Balance Sheet
30 September 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 123,039 94,237

CURRENT ASSETS
Stocks 121,167 107,888
Debtors 5 1,088,026 790,954
Cash at bank 24,344 175,128
1,233,537 1,073,970
CREDITORS
Amounts falling due within one
year
6
751,428
769,158
NET CURRENT ASSETS 482,109 304,812
TOTAL ASSETS LESS CURRENT
LIABILITIES
605,148
399,049

CREDITORS
Amounts falling due after more
than one year
7
(66,989
)
(53,125
)

PROVISIONS FOR LIABILITIES (24,282 ) (12,066 )
NET ASSETS 513,877 333,858

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 60 60
Retained earnings 513,717 333,698
SHAREHOLDERS' FUNDS 513,877 333,858

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
Ingram Installations Limited (Registered number: 01056948)

Balance Sheet - continued
30 September 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 Board of Directors and authorised for issue on 19 June 2024 and were signed on its behalf by:





K W Ingram - Director


The notes form part of these financial statements

Page 3
Ingram Installations Limited (Registered number: 01056948)

Notes to the Financial Statements
for the Year Ended 30 September 2023

1. STATUTORY INFORMATION

Ingram Installations 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.

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 as modified by the revaluation of certain assets.

The financial statements are prepared in sterling which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

Turnover
Turnover 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 the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc - 25% on reducing balance, 15% on reducing balance and in line with the terms of the lease

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Page 4 continued...
Ingram Installations Limited (Registered number: 01056948)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 249,296
Additions 80,605
Disposals (15,000 )
At 30 September 2023 314,901
DEPRECIATION
At 1 October 2022 155,061
Charge for year 40,551
Eliminated on disposal (3,750 )
At 30 September 2023 191,862
NET BOOK VALUE
At 30 September 2023 123,039
At 30 September 2022 94,235

Page 5 continued...
Ingram Installations Limited (Registered number: 01056948)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 October 2022 80,581
Additions 77,235
Disposals (15,000 )
At 30 September 2023 142,816
DEPRECIATION
At 1 October 2022 20,148
Charge for year 31,603
Eliminated on disposal (3,750 )
At 30 September 2023 48,001
NET BOOK VALUE
At 30 September 2023 94,815
At 30 September 2022 60,433

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 957,214 706,548
Amounts owed by associates 92,621 62,902
Other debtors 38,191 21,504
1,088,026 790,954

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts 25,245 22,724
Trade creditors 621,722 678,597
Taxation and social security 87,377 47,564
Other creditors 7,084 10,273
751,428 769,158

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 8,954 28,140
Hire purchase contracts 58,035 24,985
66,989 53,125

Page 6 continued...
Ingram Installations Limited (Registered number: 01056948)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2023

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.23 30.9.22
£    £   
Hire purchase contracts 83,280 47,709

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end the K W Ingram owed the company £4,441 (2022: £8,059) which was repaid within 9 months and 1 day of the year end.

10. RELATED PARTY DISCLOSURES

IPower Generation Limited is related due to common shareholders and directors.

During the year the company made sales to, and purchases from, Ipower Generation Limited of £ 223,817 (2022: £4,351,512)

At the balance sheet date the amount owed to the company by IPower Generation Limited was £ £92,621 (2022: £62,902).

11. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors.

Page 7