Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3152023-04-01falseauto repairers5truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03177488 2023-04-01 2024-03-31 03177488 2022-04-01 2023-03-31 03177488 2024-03-31 03177488 2023-03-31 03177488 c:Director10 2023-04-01 2024-03-31 03177488 d:FurnitureFittings 2024-03-31 03177488 d:FurnitureFittings 2023-03-31 03177488 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 03177488 d:ComputerEquipment 2023-04-01 2024-03-31 03177488 d:CurrentFinancialInstruments 2024-03-31 03177488 d:CurrentFinancialInstruments 2023-03-31 03177488 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 03177488 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03177488 d:ShareCapital 2024-03-31 03177488 d:ShareCapital 2023-03-31 03177488 d:CapitalRedemptionReserve 2024-03-31 03177488 d:CapitalRedemptionReserve 2023-03-31 03177488 d:RetainedEarningsAccumulatedLosses 2024-03-31 03177488 d:RetainedEarningsAccumulatedLosses 2023-03-31 03177488 c:OrdinaryShareClass3 2023-04-01 2024-03-31 03177488 c:OrdinaryShareClass3 2024-03-31 03177488 c:OrdinaryShareClass3 2023-03-31 03177488 c:OrdinaryShareClass4 2023-04-01 2024-03-31 03177488 c:OrdinaryShareClass4 2024-03-31 03177488 c:OrdinaryShareClass4 2023-03-31 03177488 c:FRS102 2023-04-01 2024-03-31 03177488 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 03177488 c:FullAccounts 2023-04-01 2024-03-31 03177488 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 03177488 2 2023-04-01 2024-03-31 03177488 e:PoundSterling 2023-04-01 2024-03-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 03177488









I.M.C.S. (UK) LIMITED








FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
I.M.C.S. (UK) LIMITED
REGISTERED NUMBER: 03177488

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
£
£

Fixed assets
  

Tangible assets
 4 
254
381

Current assets
  

Debtors: amounts falling due within one year
 5 
19,603
64,166

Cash at bank and in hand
 6 
57,260
43,558

  
76,863
107,724

Creditors: amounts falling due within one year
 7 
(41,737)
(67,157)

Net current assets
  
 
 
35,126
 
 
40,567

  

Net assets
  
35,380
40,948


Capital and reserves
  

Called up share capital 
 8 
18,125
18,125

Capital redemption reserve
  
10,875
10,875

Profit and loss account
  
6,380
11,948

  
35,380
40,948


Page 1

 
I.M.C.S. (UK) LIMITED
REGISTERED NUMBER: 03177488
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 19 July 2024.






P A Williams
Director

Page 2

 
I.M.C.S. (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

I.M.C.S. (UK) Limited is a company limited by shares, incorporated in England, United Kingdom. The address of the registered office is Suite D, The Business Centre, Faringdon Avenue, Romford, Essex, RM3 8EN. The principal place of business is PO Box 2188, Rayleigh, Essex, SS6 0BU. The principal activity of the company continued to be that of management centre for a consortium of motor vehicle body repair inspection engineers and as providers of a similar inspection service in its own right.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.



The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
I.M.C.S. (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer Equipment
-
33%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Page 4

 
I.M.C.S. (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 - 5).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 April 2023
6,682



At 31 March 2024

6,682



Depreciation


At 1 April 2023
6,301


Charge for the year on owned assets
127



At 31 March 2024

6,428



Net book value



At 31 March 2024
254



At 31 March 2023
381


5.


Debtors

2024
2023
£
£


Trade debtors
19,603
64,166



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
57,260
43,558


Page 5

 
I.M.C.S. (UK) LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
1,395
7,628

Other taxation and social security
2,144
4,028

Other creditors
33,449
51,665

Accruals and deferred income
4,749
3,836

41,737
67,157



8.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



10,875 (2023 - 10,875) Ordinary shares of £1.00 each
10,875
10,875
7,250 (2023 - 7,250) Ordinary B shares of £1.00 each
7,250
7,250

18,125

18,125


The Ordinary B shares are redeemable shares at £0.01 each.


9.


Related party transactions

The company had the following transactions with related parties during the period. The directors consider that all transactions are at market value.


2024
2023
£
£

Sales and other income with companies owned by directors
(160)
404
Subcontract services and overheads with companies owned by directors
388,799
378,178
Trade debtors owed by companies owned by directors
467
203
Other creditors owed to companies owned by directors
33,448
51,665

 
Page 6