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Registration number: 03222820

Integrated Modular Partitions Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Integrated Modular Partitions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Integrated Modular Partitions Limited

Company Information

Director

Mr Derek Muirhead

Company secretary

Mr Daniel Thomas Muirhead

Registered office

Unit 2
Queens Meadow Ind. Park
Hartlepool
TS25 5TE

Accountants

Barkess & Co
Stockton Business Centre
70-74 Brunswick Street
Stockton on Tees
TS18 1DW

 

Integrated Modular Partitions Limited

(Registration number: 03222820)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Current assets

 

Debtors

4

15,044

15,044

Cash at bank and in hand

 

7,722

7,922

 

22,766

22,966

Creditors: Amounts falling due within one year

5

(13,877)

(13,877)

Net assets

 

8,889

9,089

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

8,689

8,889

Shareholders' funds

 

8,889

9,089

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges his 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.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 7 August 2024
 

.........................................
Mr Derek Muirhead
Director

 

Integrated Modular Partitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

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

The address of its registered office is:
Unit 2
Queens Meadow Ind. Park
Hartlepool
TS25 5TE
England

These financial statements were authorised for issue by the director on 7 August 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 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 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.

Going concern

The financial statements have been prepared on a going concern basis.

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.

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.

 

Integrated Modular Partitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

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.

3

Staff numbers

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

4

Debtors

Current

Note

2023
£

2022
£

Trade debtors

 

44

44

Amounts owed by related parties

7

15,000

15,000

   

15,044

15,044

 

Integrated Modular Partitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

5

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

2,399

2,399

Other creditors

11,478

11,478

13,877

13,877

6

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary Shares of £1 each

200

200

200

200

       

7

Related party transactions

Summary of transactions with parent

Integrated Modular Partitions Limited is a wholly owned subsidiary of Deepdale Holdings Limited.
 The company provided a short term loan to Deepdale Holdings Limited.
 The loan is provided on an interest free basis and is repayable on demand.
 

Loans to related parties

2023

Parent
£

Total
£

At start of period

15,000

15,000

At end of period

15,000

15,000

2022

Parent
£

Total
£

At start of period

15,000

15,000

At end of period

15,000

15,000

Loans from related parties

 

Integrated Modular Partitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

2023

Associates
£

Total
£

At start of period

11,478

11,478

At end of period

11,478

11,478

2022

Associates
£

Total
£

At start of period

11,478

11,478

At end of period

11,478

11,478

8

Parent and ultimate parent undertaking

The company's immediate parent is Deepdale Holdings Limited, incorporated in England.

 The most senior parent entity producing publicly available financial statements is Deepdale Holdings Limited. These financial statements are available upon request from the Company Secretary, Deepdale Holdings Limited, Unit 2, Queens Meadow Industrial Park, Hartlepool, TS25 5TE.

 The ultimate controlling party is Derek Muirhead.