Registered number
04946146
IGM Environmental Limited
Filleted Accounts
31 October 2023
IGM Environmental Limited
Registered number: 04946146
Balance Sheet
as at 31 October 2023
Notes 2023 2022
£ £
Current assets
Debtors 4 2,149 2,149
Cash at bank and in hand 23,672 25,450
25,821 27,599
Creditors: amounts falling due within one year 5 (10,277) (15,420)
Net current assets 15,544 12,179
Net assets 15,544 12,179
Capital and reserves
Called up share capital 2 2
Profit and loss account 15,542 12,177
Shareholders' funds 15,544 12,179
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr I G Matthews
Director
Approved by the board on 12 March 2024
IGM Environmental Limited
Notes to the Accounts
for the year ended 31 October 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2022 1,362
At 31 October 2023 1,362
Depreciation
At 1 November 2022 1,362
At 31 October 2023 1,362
Net book value
At 31 October 2023 -
4 Debtors 2023 2022
£ £
Trade debtors 2,149 2,149
5 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 3,604 3,840
Other creditors 6,673 11,580
10,277 15,420
6 Other information
IGM Environmental Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 St Laurence Road
Foxton
Cambs
CB22 6SF
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