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
I M Accident Repair Centre Ltd
Company Information
for the year ended 31 May 2024
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
I M Accident Repair Centre Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
178,603
76,442
Cash at bank and in hand
227,351
283,671
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
Called up share capital
122
122
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
I M Accident Repair Centre Ltd
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
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
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
At 31 May 2024
100,000
64,673
13,930
-
178,603
At 31 May 2023
-
55,278
20,715
449
76,442
I M Accident Repair Centre Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Trade debtors
118,889
119,151
Accrued income and prepayments
-
(5,708)
Amounts falling due after more than one year
Other debtors
71,375
33,875
6
Creditors: amounts falling due within one year
2024
2023
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
Loans from directors
(33,900)
21,188
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
11,493
4,558
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).