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Company Registration No. 03775856 (England and Wales)
IMI Europe Limited Unaudited accounts for the year ended 31 December 2023
IMI Europe Limited Unaudited accounts Contents
Page
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IMI Europe Limited Company Information for the year ended 31 December 2023
Director
T Phillips
Company Number
03775856 (England and Wales)
Registered Office
203 West Street Fareham Hampshire England PO16 0EN
Accountants
TaxSense Accountants Ltd 203 West Street Fareham Hants PO16 0EN
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IMI Europe Limited Statement of financial position as at 31 December 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
2,347 
537 
Current assets
Debtors
53,226 
54,493 
Cash at bank and in hand
25,556 
8,547 
78,782 
63,040 
Creditors: amounts falling due within one year
(28,008)
(12,535)
Net current assets
50,774 
50,505 
Total assets less current liabilities
53,121 
51,042 
Creditors: amounts falling due after more than one year
(15,730)
(24,667)
Net assets
37,391 
26,375 
Capital and reserves
Called up share capital
500 
500 
Profit and loss account
36,891 
25,875 
Shareholders' funds
37,391 
26,375 
For the year ending 31 December 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 26 March 2024 and were signed on its behalf by
T Phillips Director Company Registration No. 03775856
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IMI Europe Limited Notes to the Accounts for the year ended 31 December 2023
1
Statutory information
IMI Europe Limited is a private company, limited by shares, registered in England and Wales, registration number 03775856. The registered office is 203 West Street, Fareham, Hampshire, England, PO16 0EN .
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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:
Computer equipment
20% straight line
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 January 2023
1,741 
Additions
2,191 
At 31 December 2023
3,932 
Depreciation
At 1 January 2023
1,204 
Charge for the year
381 
At 31 December 2023
1,585 
Net book value
At 31 December 2023
2,347 
At 31 December 2022
537 
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IMI Europe Limited Notes to the Accounts for the year ended 31 December 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
- 
2,990 
Trade debtors
6,755 
5,379 
Amounts due from group undertakings etc.
44,956 
44,343 
Accrued income and prepayments
1,515 
1,781 
53,226 
54,493 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
8,000 
8,000 
VAT
2,131 
- 
Trade creditors
3,029 
502 
Taxes and social security
2,320 
1,908 
Other creditors
1,091 
- 
Loans from directors
10,624 
1,312 
Accruals
813 
813 
28,008 
12,535 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
15,730 
24,667 
8
Loans to directors
Brought Forward 
Advance/ credit 
Repaid 
Carried Forward 
£ 
£ 
£ 
£ 
T Phillips
Director Loan Account
(1,312)
(10,312)
(1,000)
(10,624)
(1,312)
(10,312)
(1,000)
(10,624)
9
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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