IRIS Accounts Production v24.2.0.383 11011561 director 1.11.22 31.10.23 31.10.23 0 0 false true false false true false 6448 6968 2440 520 4008 6448 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh110115612022-10-31110115612023-10-31110115612022-11-012023-10-31110115612021-10-31110115612021-11-012022-10-31110115612022-10-3111011561ns15:EnglandWales2022-11-012023-10-3111011561ns14:PoundSterling2022-11-012023-10-3111011561ns10:Director12022-11-012023-10-3111011561ns10:PrivateLimitedCompanyLtd2022-11-012023-10-3111011561ns10:SmallEntities2022-11-012023-10-3111011561ns10:AuditExempt-NoAccountantsReport2022-11-012023-10-3111011561ns10:SmallCompaniesRegimeForDirectorsReport2022-11-012023-10-3111011561ns10:SmallCompaniesRegimeForAccounts2022-11-012023-10-3111011561ns10:FullAccounts2022-11-012023-10-3111011561ns10:Director1412022-10-3111011561ns10:Director1412021-10-3111011561ns10:Director1412022-11-012023-10-3111011561ns10:Director1412021-11-012022-10-3111011561ns10:Director1412023-10-3111011561ns10:Director1412022-10-3111011561ns10:RegisteredOffice2022-11-012023-10-3111011561ns5:CurrentFinancialInstruments2023-10-3111011561ns5:CurrentFinancialInstruments2022-10-3111011561ns5:Non-currentFinancialInstruments2023-10-3111011561ns5:Non-currentFinancialInstruments2022-10-3111011561ns5:ShareCapital2023-10-3111011561ns5:ShareCapital2022-10-3111011561ns5:RetainedEarningsAccumulatedLosses2023-10-3111011561ns5:RetainedEarningsAccumulatedLosses2022-10-3111011561ns5:WithinOneYearns5:CurrentFinancialInstruments2023-10-3111011561ns5:WithinOneYearns5:CurrentFinancialInstruments2022-10-31110115611ns10:Director12022-10-31110115611ns10:Director12021-10-31110115611ns10:Director12022-11-012023-10-31110115611ns10:Director12021-11-012022-10-31110115611ns10:Director12023-10-31110115611ns10:Director12022-10-31
REGISTERED NUMBER: 11011561 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

IMAR Maintenance Services Ltd

IMAR Maintenance Services Ltd (Registered number: 11011561)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMAR Maintenance Services Ltd

Company Information
for the Year Ended 31 October 2023







DIRECTOR: A R P Imran





REGISTERED OFFICE: 364-368 Cranbrook Rd Gants Hill
IG2 6HY





REGISTERED NUMBER: 11011561 (England and Wales)





ACCOUNTANTS: Prestons
Chartered Accountants
364-368 Cranbrook Road
Gants Hill
Ilford
Essex
IG2 6HY

IMAR Maintenance Services Ltd (Registered number: 11011561)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £   
CURRENT ASSETS
Stocks 7,500 -
Debtors 4 25,361 26,448
Cash at bank and in hand 2,465 8,445
35,326 34,893
CREDITORS
Amounts falling due within one year 5 15,297 12,932
NET CURRENT ASSETS 20,029 21,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,029

21,961

CREDITORS
Amounts falling due after more than one
year

6

26,425

29,884
NET LIABILITIES (6,396 ) (7,923 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (6,397 ) (7,924 )
(6,396 ) (7,923 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IMAR Maintenance Services Ltd (Registered number: 11011561)

Balance Sheet - continued
31 October 2023


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 director and authorised for issue on 29 October 2024 and were signed by:





A R P Imran - Director


IMAR Maintenance Services Ltd (Registered number: 11011561)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

IMAR Maintenance Services Ltd 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.

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.

Turnover
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.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.

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.

Going concern
The total current Liabilities exceeds the total Current assets of the company as at 31st Oct 2023. The director has confirmed that the company will have continuous support from the creditors. It is on this
basis accounts have be prepared on the going concern basis

IMAR Maintenance Services Ltd (Registered number: 11011561)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

2. ACCOUNTING POLICIES - continued

Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the suture payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less and impairment.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 20,000 20,000
Other debtors 5,361 6,448
25,361 26,448

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 10,680 10,680
Taxation and social security 1,353 -
Other creditors 3,264 2,252
15,297 12,932

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans 26,425 29,884

IMAR Maintenance Services Ltd (Registered number: 11011561)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 October 2023 and 31 October 2022:

31.10.23 31.10.22
£    £   
A R P Imran and A R P Imran
Balance outstanding at start of year 6,448 6,968
Amounts repaid (2,440 ) (520 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,008 6,448