Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30true2022-12-01falseNo description of principal activity55trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 03883801 2022-12-01 2023-11-30 03883801 2021-12-01 2022-11-30 03883801 2023-11-30 03883801 2022-11-30 03883801 c:Director1 2022-12-01 2023-11-30 03883801 d:Buildings 2022-12-01 2023-11-30 03883801 d:Buildings 2023-11-30 03883801 d:Buildings 2022-11-30 03883801 d:Buildings d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03883801 d:PlantMachinery 2022-12-01 2023-11-30 03883801 d:PlantMachinery 2023-11-30 03883801 d:PlantMachinery 2022-11-30 03883801 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03883801 d:MotorVehicles 2022-12-01 2023-11-30 03883801 d:OfficeEquipment 2022-12-01 2023-11-30 03883801 d:OfficeEquipment 2023-11-30 03883801 d:OfficeEquipment 2022-11-30 03883801 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03883801 d:OwnedOrFreeholdAssets 2022-12-01 2023-11-30 03883801 d:Goodwill 2022-12-01 2023-11-30 03883801 d:Goodwill 2023-11-30 03883801 d:Goodwill 2022-11-30 03883801 d:CurrentFinancialInstruments 2023-11-30 03883801 d:CurrentFinancialInstruments 2022-11-30 03883801 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 03883801 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 03883801 d:ShareCapital 2023-11-30 03883801 d:ShareCapital 2022-11-30 03883801 d:SharePremium 2023-11-30 03883801 d:SharePremium 2022-11-30 03883801 d:RetainedEarningsAccumulatedLosses 2023-11-30 03883801 d:RetainedEarningsAccumulatedLosses 2022-11-30 03883801 c:FRS102 2022-12-01 2023-11-30 03883801 c:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 03883801 c:FullAccounts 2022-12-01 2023-11-30 03883801 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 03883801 e:PoundSterling 2022-12-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 03883801










IMM SERVICES LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
IMM SERVICES LIMITED
 
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF IMM SERVICES LIMITED
FOR THE YEAR ENDED 30 NOVEMBER 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of IMM Services Limited for the year ended 30 November 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of IMM Services Limited, as a body, in accordance with the terms of our engagement letter dated 24 August 2005Our work has been undertaken solely to prepare for your approval the financial statements of IMM Services Limited and state those matters that we have agreed to state to the Board of directors of IMM Services Limited, as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IMM Services Limited and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that IMM Services Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IMM Services Limited. You consider that IMM Services Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of IMM Services Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



J & S Accountants Limited
 
Chartered Accountants
  
6 Northlands Road
Southampton
Hampshire
SO15 2LF
27 August 2024
Page 1

 
IMM SERVICES LIMITED
REGISTERED NUMBER: 03883801

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Fixed assets
  

Intangible assets
 4 
1
1

Tangible assets
 5 
397,329
409,582

  
397,330
409,583

Current assets
  

Stocks
  
12,000
12,000

Debtors: amounts falling due within one year
 6 
26,565
21,394

Cash at bank and in hand
 7 
(7,411)
(13,995)

  
31,154
19,399

Creditors: amounts falling due within one year
 8 
(400,098)
(412,580)

Net current liabilities
  
 
 
(368,944)
 
 
(393,181)

Total assets less current liabilities
  
28,386
16,402

  

Net assets
  
28,386
16,402


Capital and reserves
  

Called up share capital 
  
300,000
300,000

Share premium account
  
26,468
26,468

Profit and loss account
  
(298,082)
(310,066)

  
28,386
16,402


Page 2

 
IMM SERVICES LIMITED
REGISTERED NUMBER: 03883801
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 27 August 2024.



Mr I M Meader
Director

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
IMM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

IMM Services Limited is a private company, limited by shares and registered in England.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the lease term.

Page 4

 
IMM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Intangible assets

Goodwill

Goodwill represents the difference between amounts paid on the cost of a business combination and the acquirer’s interest in the fair value of its identifiable assets and liabilities of the acquiree at the date of acquisition. Subsequent to initial recognition, goodwill is measured at cost less accumulated amortisation and accumulated impairment losses. Goodwill is amortised on a straight-line basis to the Profit and loss account over its useful economic life.

Other intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 5

 
IMM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)


2.7
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Freehold property
-
2%
Straight line
Plant & machinery
-
15%
Reducing balance
Motor vehicles
-
25%
Reducing balance
Office equipment
-
15%
Reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.8

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each balance sheet date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2022 - 5).

Page 6

 
IMM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Intangible assets




Goodwill

£



Cost


At 1 December 2022
21,739



At 30 November 2023

21,739



Amortisation


At 1 December 2022
21,738



At 30 November 2023

21,738



Net book value



At 30 November 2023
1



At 30 November 2022
1



Page 7

 
IMM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

5.


Tangible fixed assets





Freehold property
Plant & machinery
Office equipment
Total

£
£
£
£



Cost or valuation


At 1 December 2022
601,470
106,961
1,500
709,931



At 30 November 2023

601,470
106,961
1,500
709,931



Depreciation


At 1 December 2022
210,723
88,162
1,464
300,349


Charge for the year on owned assets
9,430
2,818
5
12,253



At 30 November 2023

220,153
90,980
1,469
312,602



Net book value



At 30 November 2023
381,317
15,981
31
397,329



At 30 November 2022
390,747
18,799
36
409,582


6.


Debtors

2023
2022
£
£


Trade debtors
26,565
16,446

Other debtors
-
4,948

26,565
21,394



7.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
(7,411)
(13,995)

(7,411)
(13,995)


Page 8

 
IMM SERVICES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
12,410
8,555

Other taxation and social security
5,636
7,189

Other creditors
369,714
390,990

Accruals and deferred income
12,338
5,846

400,098
412,580



9.


Pension commitments

The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company  in an independently administered fund. The pension cost charge represents contributions payable by the Company  to the fund and amounted to £1,308 (2022 - £1,307) . Contributions totalling £228 (2022 - £228) were payable to the fund at the balance sheet date and are included in creditors.

 
Page 9