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REGISTERED NUMBER: SC438218 (Scotland)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

ASSET INTEGRITY MANAGEMENT SOLUTIONS
LIMITED

ASSET INTEGRITY MANAGEMENT SOLUTIONS
LIMITED (REGISTERED NUMBER: SC438218)






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


ASSET INTEGRITY MANAGEMENT SOLUTIONS
LIMITED

Company Information
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTOR: S Chouksey





REGISTERED OFFICE: 4 Grandholm Gardens
Bridge of Don
Aberdeen
AB22 8AG





REGISTERED NUMBER: SC438218 (Scotland)





ACCOUNTANTS: Fyfe Moir & Associates
1st Floor, 5 Abercrombie Crt
Prospect Road,
Westhill
Aberdeenshire
Grampian
AB32 6FE

ASSET INTEGRITY MANAGEMENT SOLUTIONS
LIMITED (REGISTERED NUMBER: SC438218)

Balance Sheet
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,980 368

CURRENT ASSETS
Debtors 5 365,082 305,285
Cash at bank 67,990 111,756
433,072 417,041
CREDITORS
Amounts falling due within one year 6 39,464 48,482
NET CURRENT ASSETS 393,608 368,559
TOTAL ASSETS LESS CURRENT
LIABILITIES

428,588

368,927

PROVISIONS FOR LIABILITIES 6,576 -
NET ASSETS 422,012 368,927

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 421,912 368,827
SHAREHOLDERS' FUNDS 422,012 368,927

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 director acknowledges his 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.

ASSET INTEGRITY MANAGEMENT SOLUTIONS
LIMITED (REGISTERED NUMBER: SC438218)

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 by the director and authorised for issue on 22 August 2024 and were signed by:





S Chouksey - Director


ASSET INTEGRITY MANAGEMENT SOLUTIONS
LIMITED (REGISTERED NUMBER: SC438218)

Notes to the Financial Statements
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Asset Integrity Management Solutions Limited is a private company, limited by shares , registered in Scotland. 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.
Computer equipment - 20% on 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ASSET INTEGRITY MANAGEMENT SOLUTIONS
LIMITED (REGISTERED NUMBER: SC438218)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2023 - 650 650
Additions 46,323 - 46,323
At 31 December 2023 46,323 650 46,973
DEPRECIATION
At 1 January 2023 - 282 282
Charge for year 11,581 130 11,711
At 31 December 2023 11,581 412 11,993
NET BOOK VALUE
At 31 December 2023 34,742 238 34,980
At 31 December 2022 - 368 368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 23,601 23,472
Directors' current accounts 246,701 203,481
Tax 81,214 66,627
Prepayments and accrued income 13,566 11,705
365,082 305,285

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 221 14
Tax 32,018 39,404
Social security and other taxes 606 442
VAT 6,619 8,622
39,464 48,482