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REGISTERED NUMBER: 13073612 (England and Wales)






I&M Group Limited

Financial Statements

for the Year Ended 31 March 2024






I&M Group Limited (Registered number: 13073612)

Contents of the Financial Statements
for the year ended 31 March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I&M Group Limited

Company Information
for the year ended 31 March 2024







DIRECTORS: Mr I Smith
Mr M R France





REGISTERED OFFICE: 26 Moxon Way
Outwood
Wakefield
West Yorkshire
WF1 3HD





REGISTERED NUMBER: 13073612 (England and Wales)





ACCOUNTANTS: SMH Jolliffe Cork Ltd
Chartered Accountants
33 George Street
Wakefield
West Yorkshire
WF1 1LX

I&M Group Limited (Registered number: 13073612)

Balance Sheet
31 March 2024

2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 120 120

CURRENT ASSETS
Cash at bank 994,535 907,689

CREDITORS
Amounts falling due within one year 5 2,753 1,422
NET CURRENT ASSETS 991,782 906,267
TOTAL ASSETS LESS CURRENT
LIABILITIES

991,902

906,387

I&M Group Limited (Registered number: 13073612)

Balance Sheet - continued
31 March 2024

2024 2023
Notes £ £ £ £

CAPITAL AND RESERVES
Called up share capital 6 120 120
Retained earnings 991,782 906,267
SHAREHOLDERS' FUNDS 991,902 906,387

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:




Mr M R France - Director



Mr I Smith - Director


I&M Group Limited (Registered number: 13073612)

Notes to the Financial Statements
for the year ended 31 March 2024


1. STATUTORY INFORMATION

I&M Group Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The functional and presentation currency for the company is the pound sterling (£). All financial information presented has been rounded to the nearest (£), unless otherwise stated.

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.

Preparation of consolidated financial statements
The financial statements contain information about I&M Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Investments in subsidiaries
Investments in group undertakings are initially recorded at cost with consideration taken for any diminution in value which is expected to be permanent.

Financial instruments
The company has elected to apply the provision of Section 11 "Basic Financial Information" and Section 12 "Other Financial Issues" of FRS 102 to all its financial instruments.

Financial instruments are recognised in the Company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

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.


I&M Group Limited (Registered number: 13073612)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


2. ACCOUNTING POLICIES - continued
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 NIL (2023 - NIL).

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
COST
At 1 April 2023
and 31 March 2024 120
NET BOOK VALUE
At 31 March 2024 120
At 31 March 2023 120

The company's shares in group undertakings at the balance sheet date include the following:


Class of
shares

Holding
Nature of
business


C & I Smith Building Contractors Limited

Ordinary

100%
Building
contractors

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£ £
Trade creditors 306 102
Tax 1,217 -
Accruals and deferred income 1,230 1,320
2,753 1,422

I&M Group Limited (Registered number: 13073612)

Notes to the Financial Statements - continued
for the year ended 31 March 2024


6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £ £
40 A Ordinary £1 40 40
15 B Ordinary £1 15 15
40 C Ordinary £1 40 40
15 D Ordinary £1 15 15
5 E Ordinary £1 5 5
5 F Ordinary £1 5 5
120 120