Acorah Software Products - Accounts Production 15.0.600 false true true false 10 February 2023 31 March 2024 31 March 2024 14655480 I Minall iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 14655480 2023-02-09 14655480 2024-03-31 14655480 2023-02-10 2024-03-31 14655480 frs-core:CurrentFinancialInstruments 2024-03-31 14655480 frs-core:Non-currentFinancialInstruments 2024-03-31 14655480 frs-core:ComputerEquipment 2024-03-31 14655480 frs-core:ComputerEquipment 2023-02-10 2024-03-31 14655480 frs-core:ComputerEquipment 2023-02-09 14655480 frs-core:MotorVehicles 2024-03-31 14655480 frs-core:MotorVehicles 2023-02-10 2024-03-31 14655480 frs-core:MotorVehicles 2023-02-09 14655480 frs-core:PlantMachinery 2024-03-31 14655480 frs-core:PlantMachinery 2023-02-10 2024-03-31 14655480 frs-core:PlantMachinery 2023-02-09 14655480 frs-core:WithinOneYear 2024-03-31 14655480 frs-core:ShareCapital 2024-03-31 14655480 frs-core:RetainedEarningsAccumulatedLosses 2024-03-31 14655480 frs-bus:PrivateLimitedCompanyLtd 2023-02-10 2024-03-31 14655480 frs-bus:FilletedAccounts 2023-02-10 2024-03-31 14655480 frs-bus:SmallEntities 2023-02-10 2024-03-31 14655480 frs-bus:AuditExempt-NoAccountantsReport 2023-02-10 2024-03-31 14655480 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-10 2024-03-31 14655480 frs-bus:Director1 2023-02-10 2024-03-31 14655480 frs-countries:EnglandWales 2023-02-10 2024-03-31
Registered number: 14655480
Igm Plumbing, Heating & Leak Detection Limited
Unaudited Financial Statements
For the Period 10 February 2023 to 31 March 2024
Hancock & Hastings Limited
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 14655480
31 March 2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 112,090
112,090
CURRENT ASSETS
Stocks 5 38,200
Debtors 6 1,958
Cash at bank and in hand 5,537
45,695
Creditors: Amounts Falling Due Within One Year 7 (199,229 )
NET CURRENT ASSETS (LIABILITIES) (153,534 )
TOTAL ASSETS LESS CURRENT LIABILITIES (41,444 )
NET LIABILITIES (41,444 )
CAPITAL AND RESERVES
Called up share capital 9 100
Profit and Loss Account (41,544 )
SHAREHOLDERS' FUNDS (41,444)
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For the period ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
I Minall
Director
19/09/2024
The notes on pages 3 to 5 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Igm Plumbing, Heating & Leak Detection Limited is a private company, limited by shares, incorporated in England & Wales, registered number 14655480 . The registered office is 50 Masefield Road, Harpenden, Hertfordshire, AL5 4JR.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have identified material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern, however, the going concern basis remains appropriate.
2.3. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% RB
Motor Vehicles 25% RB
Computer Equipment 33% RB
2.5. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
2.6. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1
1
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4. Tangible Assets
Plant & Machinery Motor Vehicles Computer Equipment Total
£ £ £ £
Cost
As at 10 February 2023 - - - -
Additions 111,500 27,170 12,071 150,741
As at 31 March 2024 111,500 27,170 12,071 150,741
Depreciation
As at 10 February 2023 - - - -
Provided during the period 27,875 6,793 3,983 38,651
As at 31 March 2024 27,875 6,793 3,983 38,651
Net Book Value
As at 31 March 2024 83,625 20,377 8,088 112,090
As at 10 February 2023 - - - -
5. Stocks
31 March 2024
£
Stock 38,200
6. Debtors
31 March 2024
£
Due within one year
Due after more than one year
Trade debtors 1,958
7. Creditors: Amounts Falling Due Within One Year
31 March 2024
£
Net obligations under finance lease and hire purchase contracts 15,065
Trade creditors 18,685
Other creditors 160,909
Taxation and social security 4,570
199,229
8. Obligations Under Finance Leases and Hire Purchase
31 March 2024
£
The future minimum finance lease payments are as follows:
Not later than one year 15,065
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9. Share Capital
31 March 2024
£
Allotted, Called up and fully paid 100
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