Company Registration No. 10598840 (England and Wales)
IMW LTD.
Unaudited accounts
for the year ended 28 February 2023
IMW LTD.
Unaudited accounts
Contents
IMW LTD.
Statement of financial position
as at 28 February 2023
Tangible assets
46,167
28,201
Cash at bank and in hand
65,136
161,001
Creditors: amounts falling due within one year
(178,128)
(131,822)
Net current assets
14,757
29,179
Total assets less current liabilities
60,924
57,380
Creditors: amounts falling due after more than one year
(38,714)
(48,103)
Called up share capital
5
5
Profit and loss account
22,205
9,272
Shareholders' funds
22,210
9,277
For the year ending 28 February 2023 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 director acknowledges his 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 and authorised for issue on 27 November 2023 and were signed on its behalf by
Ireneusz Mariusz Wrona
Director
Company Registration No. 10598840
IMW LTD.
Notes to the Accounts
for the year ended 28 February 2023
IMW LTD. is a private company, limited by shares, registered in England and Wales, registration number 10598840. The registered office is 8 LONG BEECH DRIVE, FARNBOROUGH, GU14 0PR, 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
Depreciation at 25% Reducing Balance
Motor vehicles
Depreciation at 20% Reducing Balance
Computer equipment
Depreciation at 25% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 March 2022
1,272
42,386
5,724
49,382
Additions
1,056
20,995
4,636
26,687
At 28 February 2023
2,328
63,381
10,360
76,069
At 1 March 2022
362
18,775
2,044
21,181
Charge for the year
604
7,149
968
8,721
At 28 February 2023
966
25,924
3,012
29,902
At 28 February 2023
1,362
37,457
7,348
46,167
At 28 February 2022
910
23,611
3,680
28,201
IMW LTD.
Notes to the Accounts
for the year ended 28 February 2023
Amounts falling due within one year
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
4,856
-
Trade creditors
4,928
8,547
Taxes and social security
55,316
17,272
Other creditors
12,959
61,098
Loans from directors
-
20,796
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the year the average number of employees was 2 (2022: 3).