0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 xbrli:pure xbrli:shares iso4217:GBP 09899614 2023-01-01 2023-12-31 09899614 2023-12-31 09899614 2022-12-31 09899614 2022-01-01 2022-12-31 09899614 2022-12-31 09899614 2021-12-31 09899614 core:PlantMachinery 2023-01-01 2023-12-31 09899614 bus:Director1 2023-01-01 2023-12-31 09899614 core:PlantMachinery 2022-12-31 09899614 core:PlantMachinery 2023-12-31 09899614 core:WithinOneYear 2023-12-31 09899614 core:WithinOneYear 2022-12-31 09899614 core:ShareCapital 2023-12-31 09899614 core:ShareCapital 2022-12-31 09899614 core:RetainedEarningsAccumulatedLosses 2023-12-31 09899614 core:RetainedEarningsAccumulatedLosses 2022-12-31 09899614 core:PlantMachinery 2022-12-31 09899614 bus:SmallEntities 2023-01-01 2023-12-31 09899614 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 09899614 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 09899614 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 09899614 bus:FullAccounts 2023-01-01 2023-12-31 09899614 core:OtherPropertyPlantEquipment 2023-01-01 2023-12-31 09899614 core:OtherPropertyPlantEquipment 2022-12-31 09899614 core:OtherPropertyPlantEquipment 2023-12-31
COMPANY REGISTRATION NUMBER: 09899614
Impex Service Limited
Filleted Unaudited Financial Statements
31 December 2023
Impex Service Limited
Balance Sheet
31 December 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
183
Current assets
Stocks
168
597
Debtors
5
75
390
Cash at bank and in hand
14,632
20,893
--------
--------
14,875
21,880
Creditors: amounts falling due within one year
6
1,862
2,338
--------
--------
Net current assets
13,013
19,542
--------
--------
Total assets less current liabilities
13,013
19,725
--------
--------
Net assets
13,013
19,725
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
12,913
19,625
--------
--------
Shareholders funds
13,013
19,725
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Impex Service Limited
Balance Sheet (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 16 September 2024 , and are signed on behalf of the board by:
Mr P A Hardman
Director
Company registration number: 09899614
Impex Service Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 54 Hampton Drive, Newport, Shropshire, TF10 7RE. The registration number is 09899614 .
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Revenue recognition
Turnover in respect of service contracts is recognised when the company obtains the right to received consideration for services provided.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant and machinery
-
33% straight line
Equipment
-
33% straight line
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand.
4. Tangible assets
Plant and machinery
Equipment
Total
£
£
£
Cost
At 1 January 2023
2,044
564
2,608
Disposals
( 980)
( 178)
( 1,158)
-------
----
-------
At 31 December 2023
1,064
386
1,450
-------
----
-------
Depreciation
At 1 January 2023
1,963
462
2,425
Charge for the year
81
102
183
Disposals
( 980)
( 178)
( 1,158)
-------
----
-------
At 31 December 2023
1,064
386
1,450
-------
----
-------
Carrying amount
At 31 December 2023
-------
----
-------
At 31 December 2022
81
102
183
-------
----
-------
5. Debtors
2023
2022
£
£
Trade debtors
75
390
----
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
814
1,206
Other creditors
1,048
1,132
-------
-------
1,862
2,338
-------
-------