Imminent Abstractions Ltd 12125702 false 2022-08-01 2023-07-31 2023-07-31 The principal activity of the company is IT consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true 12125702 2022-08-01 2023-07-31 12125702 2023-07-31 12125702 core:RetainedEarningsAccumulatedLosses 2023-07-31 12125702 core:ShareCapital 2023-07-31 12125702 core:CurrentFinancialInstruments 2023-07-31 12125702 core:CurrentFinancialInstruments core:WithinOneYear 2023-07-31 12125702 core:FurnitureFittingsToolsEquipment 2023-07-31 12125702 bus:SmallEntities 2022-08-01 2023-07-31 12125702 bus:AuditExemptWithAccountantsReport 2022-08-01 2023-07-31 12125702 bus:AbridgedAccounts 2022-08-01 2023-07-31 12125702 bus:SmallCompaniesRegimeForAccounts 2022-08-01 2023-07-31 12125702 bus:RegisteredOffice 2022-08-01 2023-07-31 12125702 bus:Director1 2022-08-01 2023-07-31 12125702 bus:Director2 2022-08-01 2023-07-31 12125702 bus:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 12125702 core:FurnitureFittingsToolsEquipment 2022-08-01 2023-07-31 12125702 core:OfficeEquipment 2022-08-01 2023-07-31 12125702 countries:England 2022-08-01 2023-07-31 12125702 2022-07-31 12125702 core:FurnitureFittingsToolsEquipment 2022-07-31 12125702 2021-08-01 2022-07-31 12125702 2022-07-31 12125702 core:RetainedEarningsAccumulatedLosses 2022-07-31 12125702 core:ShareCapital 2022-07-31 12125702 core:CurrentFinancialInstruments 2022-07-31 12125702 core:CurrentFinancialInstruments core:WithinOneYear 2022-07-31 12125702 core:FurnitureFittingsToolsEquipment 2022-07-31 iso4217:GBP xbrli:pure

Registration number: 12125702

Imminent Abstractions Ltd

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 July 2023

 

Imminent Abstractions Ltd

Contents

Company Information

1

Directors' Report

2

Abridged Balance Sheet

3 to 4

Notes to the Unaudited Abridged Financial Statements

5 to 7

 

Imminent Abstractions Ltd

Company Information

Directors

R Sudmantaite

J Siddall

Registered office

63/66 Hatton Garden
Fifth Floor, Suite 23
London
EC1N 8LE

 

Imminent Abstractions Ltd

Directors' Report for the Year Ended 31 July 2023

The directors present their report and the abridged financial statements for the year ended 31 July 2023.

Directors of the company

The directors who held office during the year were as follows:

R Sudmantaite

J Siddall

Principal activity

The principal activity of the company is IT consultancy services.

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 19 January 2024 and signed on its behalf by:
 

.........................................
J Siddall
Director

 

Imminent Abstractions Ltd

(Registration number: 12125702)
Abridged Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

1,226

1,439

Current assets

 

Debtors

19,138

-

Cash at bank and in hand

 

28,256

10,004

 

47,394

10,004

Creditors: Amounts falling due within one year

(27,053)

(10,311)

Net current assets/(liabilities)

 

20,341

(307)

Total assets less current liabilities

 

21,567

1,132

Accruals and deferred income

 

(486)

(486)

Net assets

 

21,081

646

Capital and reserves

 

Called up share capital

1

1

Retained earnings

21,080

645

Shareholders' funds

 

21,081

646

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet and have elected to take the option not to file the Profit and Loss Account in accordance with Section 444 of the Companies Act 2006

 

Imminent Abstractions Ltd

(Registration number: 12125702)
Abridged Balance Sheet as at 31 July 2023

Approved and authorised by the Board on 19 January 2024 and signed on its behalf by:
 

.........................................

J Siddall

Director

 

Imminent Abstractions Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
63/66 Hatton Garden
Fifth Floor, Suite 23
London
EC1N 8LE
United Kingdom

These financial statements were authorised for issue by the Board on 19 January 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Changes in accounting policy

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Imminent Abstractions Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

Tangible assets

tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

3 years straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade Creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

Imminent Abstractions Ltd

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 July 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 1 (2022 - 1).

4

Profit/loss before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,193

1,841

5

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 August 2022

5,931

5,931

Additions

980

980

At 31 July 2023

6,911

6,911

Depreciation

At 1 August 2022

4,492

4,492

Charge for the year

1,193

1,193

At 31 July 2023

5,685

5,685

Carrying amount

At 31 July 2023

1,226

1,226

At 31 July 2022

1,439

1,439