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REGISTERED NUMBER: 07115144 (England and Wales)







Unaudited Financial Statements

for the Year Ended 31 December 2023

for

IMD Trading Ltd

IMD Trading Ltd (Registered number: 07115144)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMD Trading Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr D Zobnin
Mrs M Zobnina





REGISTERED OFFICE: The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR





REGISTERED NUMBER: 07115144 (England and Wales)





ACCOUNTANTS: DSCO
The Tower
The Maltings
Hoe Lane
Ware
Hertfordshire
SG12 9LR

IMD Trading Ltd (Registered number: 07115144)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 4,392 6,040
Tangible assets 5 1,248 1,268
5,640 7,308

CURRENT ASSETS
Stocks 6 1,232,260 1,240,773
Debtors 7 20,881 15,934
Accrued income 40,064 60,706
Cash at bank 407,556 85,155
1,700,761 1,402,568
CREDITORS
Amounts falling due within one year 8 622,203 460,475
NET CURRENT ASSETS 1,078,558 942,093
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,084,198

949,401

CREDITORS
Amounts falling due after more than one year 9 (14,812 ) (104,951 )

PROVISIONS FOR LIABILITIES 11 (1,410 ) (1,388 )
NET ASSETS 1,067,976 843,062

CAPITAL AND RESERVES
Called up share capital 12 1,000 1,000
Retained earnings 13 1,066,976 842,062
SHAREHOLDERS' FUNDS 1,067,976 843,062

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

IMD Trading Ltd (Registered number: 07115144)

Balance Sheet - continued
31 December 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 May 2024 and were signed on its behalf by:





Mrs M Zobnina - Director


IMD Trading Ltd (Registered number: 07115144)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

IMD Trading Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of three years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost
Fixtures and fittings - 20% on cost

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

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

IMD Trading Ltd (Registered number: 07115144)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Computer
software
£   
COST
At 1 January 2023 44,502
Additions 1,850
At 31 December 2023 46,352
AMORTISATION
At 1 January 2023 38,462
Amortisation for year 3,498
At 31 December 2023 41,960
NET BOOK VALUE
At 31 December 2023 4,392
At 31 December 2022 6,040

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 January 2023 32,357 3,188 35,545
Additions - 808 808
At 31 December 2023 32,357 3,996 36,353
DEPRECIATION
At 1 January 2023 31,839 2,438 34,277
Charge for year 164 664 828
At 31 December 2023 32,003 3,102 35,105
NET BOOK VALUE
At 31 December 2023 354 894 1,248
At 31 December 2022 518 750 1,268

IMD Trading Ltd (Registered number: 07115144)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. STOCKS
31.12.23 31.12.22
£    £   
Stocks 1,133,738 1,125,526
Goods in Transit 98,522 115,247
1,232,260 1,240,773

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Other debtors 4,500 4,500
Prepayments 16,381 11,434
20,881 15,934

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 10,139 9,890
Other loans 296,200 194,607
Trade creditors 134,246 13,213
Tax 95,503 48,621
VAT 40,836 37,002
Other creditors 9,258 4,249
Credit Cards 31,621 -
Directors' current accounts - 150,000
Accrued expenses 4,400 2,893
622,203 460,475

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans - 1-2 years 14,812 10,139
Bank loans - 2-5 years - 14,812
Directors' loan accounts - 80,000
14,812 104,951

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year - 14,667

Operating lease payments recognised as an expense in the year totalled to £27,700 (2022: £22,000)

IMD Trading Ltd (Registered number: 07115144)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 1,410 1,388

Deferred
tax
£   
Balance at 1 January 2023 1,388
Provided during year 22
Accelerated Capital Allowances
Balance at 31 December 2023 1,410

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100,000 Ordinary £0.01 1,000 1,000

13. RESERVES
Retained
earnings
£   

At 1 January 2023 842,062
Profit for the year 308,914
Dividends (84,000 )
At 31 December 2023 1,066,976

14. ULTIMATE CONTROLLING PARTY

No one party has ultimate control.