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REGISTERED NUMBER: 01792017 (England and Wales)















I M (CONTRACTORS) LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 MARCH 2024






I M (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01792017)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


I M (CONTRACTORS) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: I Masterson
Mrs C L Masterson





SECRETARY: Mrs C L Masterson





REGISTERED OFFICE: 193 Radcliffe Road
Golcar
Huddersfield
HD7 4EZ





REGISTERED NUMBER: 01792017 (England and Wales)





ACCOUNTANTS: STEAD ROBINSON
Dipford House, Queens Square
Huddersfield Road
Honley
Holmfirth
HD9 6QZ

I M (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01792017)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 544,439 537,828

CURRENT ASSETS
Debtors 5 137 122
Cash at bank and in hand 19,962 12,828
20,099 12,950
CREDITORS
Amounts falling due within one year 6 44,592 33,651
NET CURRENT LIABILITIES (24,493 ) (20,701 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

519,946

517,127

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 519,846 517,027
SHAREHOLDERS' FUNDS 519,946 517,127

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 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.

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 30 July 2024 and were signed on its behalf by:




I Masterson - Director


I M (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01792017)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

I M (Contractors) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - Not depreciated
Plant and machinery etc - 20% on cost

It is the company's policy to maintain the freehold buildings to a high standard of repair, such that, in the opinion of the directors, any depreciation arising over the useful life of those buildings would not be material.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

I M (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01792017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Improvements
Freehold Short Long to
property leasehold leasehold property
£    £    £    £   
COST
At 1 April 2023 119,993 6,799 94,676 314,749
Additions - - 3,650 3,497
At 31 March 2024 119,993 6,799 98,326 318,246
DEPRECIATION
At 1 April 2023 - - - -
Charge for year - - - -
At 31 March 2024 - - - -
NET BOOK VALUE
At 31 March 2024 119,993 6,799 98,326 318,246
At 31 March 2023 119,993 6,799 94,676 314,749

Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 15,277 661 3,343 555,498
Additions 96 - - 7,243
At 31 March 2024 15,373 661 3,343 562,741
DEPRECIATION
At 1 April 2023 14,948 659 2,063 17,670
Charge for year 179 - 453 632
At 31 March 2024 15,127 659 2,516 18,302
NET BOOK VALUE
At 31 March 2024 246 2 827 544,439
At 31 March 2023 329 2 1,280 537,828

Included in cost of land and buildings is freehold land of £ 119,993 (2023 - £ 119,993 ) which is not depreciated.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 137 122

I M (CONTRACTORS) LIMITED (REGISTERED NUMBER: 01792017)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 4,056 26
Taxation and social security 24,387 17,339
Other creditors 16,149 16,286
44,592 33,651