Company registration number 10464367 (England and Wales)
IMAP Electrical Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 30 November 2023
PAGES FOR FILING WITH REGISTRAR
IMAP Electrical Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 5
IMAP Electrical Ltd
Statement Of Financial Position
as at 30 November 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
108,330
40,195
Current assets
Debtors
4
189,336
212,313
Cash at bank and in hand
31,333
23,062
220,669
235,375
Creditors: amounts falling due within one year
5
(101,547)
(53,881)
Net current assets
119,122
181,494
Total assets less current liabilities
227,452
221,689
Creditors: amounts falling due after more than one year
6
(51,476)
(24,542)
Provisions for liabilities
(20,582)
(7,637)
Net assets
155,394
189,510
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
155,294
189,410
Total equity
155,394
189,510
IMAP Electrical Ltd
Statement Of Financial Position (continued)
as at 30 November 2023
- 2 -

The directors of the company have elected not to include a copy of the income statement within the financial statements.true

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

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the board of directors and authorised for issue on 29 July 2024 and are signed on its behalf by:
Jonathan Butterworth
Director
Company Registration No. 10464367
IMAP Electrical Ltd
Notes to the financial statements
for the year ended 30 November 2023
- 3 -
1
Accounting policies
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principle accounting policies adopted are set below.

Turnover

Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT. Turnover is recognised upon the provision of goods and services.

Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.

Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings
25% Reducing balance
Motor vehicles
25% Reducing balance
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
4
4
IMAP Electrical Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 4 -
3
Tangible fixed assets
Fixtures and fittings
Motor vehicles
Total
£
£
£
Cost
At 1 December 2022
7,588
63,050
70,638
Additions
1,458
81,247
82,705
At 30 November 2023
9,046
144,297
153,343
Depreciation and impairment
At 1 December 2022
2,968
27,475
30,443
Depreciation charged in the year
1,126
13,444
14,570
At 30 November 2023
4,094
40,919
45,013
Carrying amount
At 30 November 2023
4,952
103,378
108,330
At 30 November 2022
4,620
35,575
40,195
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
98,826
125,081
Amounts owed by group undertakings
35,440
34,000
Other debtors
55,070
52,399
Prepayments and accrued income
-
0
833
189,336
212,313
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Obligations under finance leases
9,234
-
0
Corporation tax
11,025
27,019
Other taxation and social security
15,260
14,596
Other creditors
50,184
766
Accruals and deferred income
5,844
1,500
101,547
53,881

The obligations under finance leases are secured against the asset to which they relate. The bank loan is secured.

IMAP Electrical Ltd
Notes to the financial statements (continued)
for the year ended 30 November 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans
14,542
24,542
Obligations under finance leases
36,934
-
0
51,476
24,542

The obligations under finance leases are secured against the asset to which they relate. The bank loan is secured.

7
Provisions for liabilities
2023
2022
£
£
Deferred tax liabilities
20,582
7,637
8
Parent company

The ultimate undertaking is considered to be IMAP Group Ltd, a company incorporated in England and Wales whose registered office is situated at Unit G Wheatley Park, Woodbottom, Mirfield, West Yorkshire, England, WF14 8HE.

9
Company information

IMAP Electrical Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Unit G Wheatley Park, Woodbottom, Mirfield, West Yorkshire, WF14 8HE.

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