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REGISTERED NUMBER: 12397680 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

IMIG UK LIMITED

IMIG UK LIMITED (REGISTERED NUMBER: 12397680)






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


IMIG UK LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr A J B Tribe
Ms C C Frutier





REGISTERED OFFICE: Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP





REGISTERED NUMBER: 12397680 (England and Wales)





ACCOUNTANTS: Gibson Whitter
Chartered Accountants
and Chartered Tax Advisers
Larch House
Parklands Business Park
Denmead
Hampshire
PO7 6XP

IMIG UK LIMITED (REGISTERED NUMBER: 12397680)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,716 6,052
Investments 5 420,509 355,835
477,225 361,887

CURRENT ASSETS
Debtors 6 388,246 619,143
Cash at bank 268,643 257,442
656,889 876,585
CREDITORS
Amounts falling due within one year 7 417,012 574,110
NET CURRENT ASSETS 239,877 302,475
TOTAL ASSETS LESS CURRENT
LIABILITIES

717,102

664,362

CREDITORS
Amounts falling due after more than one
year

8

(143,365

)

(162,244

)

PROVISIONS FOR LIABILITIES 9 (14,179 ) (1,513 )
NET ASSETS 559,558 500,605

CAPITAL AND RESERVES
Called up share capital 150 150
Retained earnings 559,408 500,455
SHAREHOLDERS' FUNDS 559,558 500,605

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.

IMIG UK LIMITED (REGISTERED NUMBER: 12397680)

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 and authorised for issue by the Board of Directors and authorised for issue on 26 July 2024 and were signed on its behalf by:





Mr A J B Tribe - Director


IMIG UK LIMITED (REGISTERED NUMBER: 12397680)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

IMIG UK Limited 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.

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 etc - Straight line over 3 years

Investments in subsidiaries and associates
Investments in subsidiary and associate undertakings are recognised at cost.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 11 (2022 - 7 ) .

IMIG UK LIMITED (REGISTERED NUMBER: 12397680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 16,427
Additions 74,980
Disposals (5,434 )
At 31 December 2023 85,973
DEPRECIATION
At 1 January 2023 10,375
Charge for year 23,714
Eliminated on disposal (4,832 )
At 31 December 2023 29,257
NET BOOK VALUE
At 31 December 2023 56,716
At 31 December 2022 6,052

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023 355,835
Additions 64,674
At 31 December 2023 420,509
NET BOOK VALUE
At 31 December 2023 420,509
At 31 December 2022 355,835

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 249,544 312,751
Amounts owed by group undertakings 137,131 302,079
Other debtors 1,571 4,313
388,246 619,143

IMIG UK LIMITED (REGISTERED NUMBER: 12397680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 26,667 26,667
Hire purchase contracts 15,926 -
Trade creditors 42,541 76,197
Taxation and social security 114,822 118,509
Other creditors 217,056 352,737
417,012 574,110

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 102,222 128,889
Hire purchase contracts 41,143 -
Other creditors - 33,355
143,365 162,244

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 22,222

9. PROVISIONS FOR LIABILITIES
31.12.23 31.12.22
£    £   
Deferred tax 14,179 1,513

Deferred
tax
£   
Balance at 1 January 2023 1,513
Charge to Income Statement during year 12,666
Balance at 31 December 2023 14,179

IMIG UK LIMITED (REGISTERED NUMBER: 12397680)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

10. RELATED PARTY DISCLOSURES

The aggregate amount owed to the directors at the balance sheet date is £1,355 (31.12.22: £800).

The aggregate amount owed by connected companies at the balance sheet date is £101,296 (31.12.22: owed to £183,551).

During the year the company made sales to connected companies totalling £1,422,797 (31.12.22: £329,418).

During the year the company charged loan interest to connected companies totalling £16,416 (31.12.22: £1,661).

During the year the company was invoiced by connected companies totalling £432,392 (31.12.22: £75,431) for consultancy, advertising and recharges.

During the year the company was charged loan interest by connected companies totalling £1,334 (31.12.22: £4,003).

During the year the company wrote off a loan owed by it's 100% owned subsidiary IMIG China, the loan amounted to £243,545. The loan was in place at the point the company became part of the group, owed to the previous parent entity and was not underwritten. It was determined by directors that this loan could not be repaid and was written off to ensure the subsidiary could continue to operate.

11. ULTIMATE CONTROLLING PARTY

The controlling party is the parent company Atlas Clever Consultants Limited.

The ultimate controlling party is Mr A J B Tribe.