Company registration number 09502478 (England and Wales)
IMT WEALTH MANAGEMENT LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
IMT WEALTH MANAGEMENT LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
IMT WEALTH MANAGEMENT LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Current assets
Debtors
3
277,075
302,243
Cash at bank and in hand
27,284
84,279
304,359
386,522
Creditors: amounts falling due within one year
4
(1,291)
(58,189)
Net current assets
303,068
328,333
Creditors: amounts falling due after more than one year
5
-
0
(21,667)
Net assets
303,068
306,666
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
302,968
306,566
Total equity
303,068
306,666

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

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

The financial statements were approved and signed by the director and authorised for issue on 12 September 2024
Ian Tuck
Director
Company Registration No. 09502478
IMT WEALTH MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 2 -
1
Accounting policies
Company information

IMT Wealth Management Limited is a private company limited by shares incorporated in England and Wales. The registered office is 5 South Avenue, Stourbridge, West Midlands, DY8 3XY.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. 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 financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Cash at bank and in hand

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The following assets and liabilities are classified as financial instruments – trade debtors, trade creditors, bank loans and directors’ loans.

Directors’ loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of cash or other consideration expected to be paid or received.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

IMT WEALTH MANAGEMENT LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2024
2023
Number
Number
Total
1
2
3
Debtors
2024
2023
Amounts falling due within one year:
£
£
Prepayments and accrued income
83,005
108,173
2024
2023
Amounts falling due after more than one year:
£
£
Other debtors
194,070
194,070
Total debtors
277,075
302,243
4
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
-
0
10,000
Corporation tax
163
40,085
Other taxation and social security
(14)
(2)
Other creditors
1,142
8,106
1,291
58,189
5
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
-
0
21,667
2024-03-312023-04-01false12 September 2024CCH SoftwareCCH Accounts Production 2022.200No description of principal activityMr I Tuck095024782023-04-012024-03-31095024782024-03-31095024782023-03-3109502478core:CurrentFinancialInstrumentscore:WithinOneYear2024-03-3109502478core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3109502478core:Non-currentFinancialInstrumentscore:AfterOneYear2024-03-3109502478core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3109502478core:CurrentFinancialInstruments2024-03-3109502478core:CurrentFinancialInstruments2023-03-3109502478core:ShareCapital2024-03-3109502478core:ShareCapital2023-03-3109502478core:RetainedEarningsAccumulatedLosses2024-03-3109502478core:RetainedEarningsAccumulatedLosses2023-03-3109502478bus:Director12023-04-012024-03-31095024782022-04-012023-03-3109502478core:Non-currentFinancialInstruments2024-03-3109502478core:Non-currentFinancialInstruments2023-03-3109502478bus:PrivateLimitedCompanyLtd2023-04-012024-03-3109502478bus:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109502478bus:FRS1022023-04-012024-03-3109502478bus:AuditExemptWithAccountantsReport2023-04-012024-03-3109502478bus:FullAccounts2023-04-012024-03-31xbrli:purexbrli:sharesiso4217:GBP