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Company Registration No. 10183071 (England and Wales)
I M Accident Repair Centre Ltd Unaudited accounts for the year ended 31 May 2024
I M Accident Repair Centre Ltd Unaudited accounts Contents
Page
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I M Accident Repair Centre Ltd Company Information for the year ended 31 May 2024
Director
Ionut Mihalache
Company Number
10183071 (England and Wales)
Registered Office
4 WITAN CLOSE ANDOVER SP10 5NL ENGLAND
Accountants
RLJB Business Consulting Limited 14 Winchester Road Andover Hampshire SP10 2EG
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I M Accident Repair Centre Ltd Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
178,603 
76,442 
Current assets
Debtors
190,264 
147,318 
Cash at bank and in hand
227,351 
283,671 
417,615 
430,989 
Creditors: amounts falling due within one year
(235,126)
(212,166)
Net current assets
182,489 
218,823 
Total assets less current liabilities
361,092 
295,265 
Creditors: amounts falling due after more than one year
(20,748)
(26,805)
Net assets
340,344 
268,460 
Capital and reserves
Called up share capital
122 
122 
Share premium
9,378 
9,378 
Profit and loss account
330,844 
258,960 
Shareholders' funds
340,344 
268,460 
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 August 2024 and were signed on its behalf by
Ionut Mihalache Director Company Registration No. 10183071
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I M Accident Repair Centre Ltd Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
I M Accident Repair Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 10183071. The registered office is 4 WITAN CLOSE, ANDOVER, SP10 5NL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
10 Years Straight line
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 June 2023
- 
62,333 
27,500 
561 
90,394 
Additions
100,000 
17,365 
- 
- 
117,365 
At 31 May 2024
100,000 
79,698 
27,500 
561 
207,759 
Depreciation
At 1 June 2023
- 
7,055 
6,785 
112 
13,952 
Charge for the year
- 
7,970 
6,785 
449 
15,204 
At 31 May 2024
- 
15,025 
13,570 
561 
29,156 
Net book value
At 31 May 2024
100,000 
64,673 
13,930 
- 
178,603 
At 31 May 2023
- 
55,278 
20,715 
449 
76,442 
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I M Accident Repair Centre Ltd Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
118,889 
119,151 
Accrued income and prepayments
- 
(5,708)
118,889 
113,443 
Amounts falling due after more than one year
Other debtors
71,375 
33,875 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
24,988 
18,910 
Obligations under finance leases and hire purchase contracts
22,612 
23,108 
Trade creditors
199,589 
98,362 
Taxes and social security
21,246 
47,714 
Other creditors
591 
2,884 
Loans from directors
(33,900)
21,188 
235,126 
212,166 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
9,255 
22,247 
Other creditors
11,493 
4,558 
20,748 
26,805 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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