Registered number
13132877
IMADAL CO LIMITED
Filleted Accounts
31 January 2024
IMADAL CO LIMITED
Registered number: 13132877
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 194 278
Current assets
Debtors 4 8,271 239
Cash at bank and in hand 69,887 42,975
78,158 43,214
Creditors: amounts falling due within one year 5 (60,544) (37,520)
Net current assets 17,614 5,694
Net assets 17,808 5,972
Capital and reserves
Called up share capital 100 100
Profit and loss account 17,708 5,872
Shareholder's funds 17,808 5,972
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
IMREN NILAY TUFEKCI
Director
Approved by the board on 30 October 2024
IMADAL CO LIMITED
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Equipment
£
Cost
At 1 February 2023 425
At 31 January 2024 425
Depreciation
At 1 February 2023 147
Charge for the year 84
At 31 January 2024 231
Net book value
At 31 January 2024 194
At 31 January 2023 278
4 Debtors 2024 2023
£ £
Trade debtors 8,000 -
Other debtors 271 239
8,271 239
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 13,655 6,491
Other creditors 46,889 31,029
60,544 37,520
6 Controlling party
Ultimate controlling party is Miss I Nilay Tufekci as director and sole shareholder of the company throughout the current year.
7 Other information
IMADAL CO LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
389C HIGH ROAD
LONDON
ENGLAND
N22 8JA
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