I.M.I.T. Limited SC209893 IT Services false 1 September 2023 SC209893 2023-09-01 2024-08-31 SC209893 2023-08-31 SC209893 2024-08-31 SC209893 2022-09-01 2023-08-31 SC209893 2022-08-31 SC209893 2023-08-31 SC209893 frs102-bus:FRS102 2023-09-01 2024-08-31 SC209893 frs102-bus:PrivateLimitedCompanyLtd 2023-09-01 2024-08-31 SC209893 frs102-bus:FullAccounts 2023-09-01 2024-08-31 SC209893 frs102-bus:AuditExemptWithAccountantsReport 2023-09-01 2024-08-31 SC209893 frs102-core:CurrentFinancialInstruments 2024-08-31 SC209893 frs102-core:CurrentFinancialInstruments 2023-08-31 SC209893 frs102-core:ShareCapital 2024-08-31 SC209893 frs102-core:ShareCapital 2023-08-31 SC209893 frs102-core:RetainedEarningsAccumulatedLosses 2024-08-31 SC209893 frs102-core:RetainedEarningsAccumulatedLosses 2023-08-31 SC209893 frs102-bus:Director1 2023-09-01 2024-08-31 SC209893 frs102-core:ToolsEquipment 2023-09-01 2024-08-31 SC209893 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-08-31 SC209893 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2024-08-31 SC209893 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-09-01 2024-08-31 SC209893 frs102-core:Non-standardPPEClass3ComponentTotalPropertyPlantEquipment 2023-08-31 SC209893 frs102-bus:OrdinaryShareClass1 2024-08-31 SC209893 frs102-bus:OrdinaryShareClass1 2023-08-31 SC209893 frs102-bus:OrdinaryShareClass1 2023-09-01 2024-08-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
SC209893
I.M.I.T. Limited
Unaudited Accounts
for the year ended
31 August 2024
I.M.I.T. Limited
Balance Sheet
as at 31 August 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 41 128
41 128
Current assets
Debtors 4 60,940 60,569
Cash at bank and in hand 124,576 66,047
185,516 126,616
Prepayments and accrued income: 0 2,578
Creditors: amounts falling due within one year 5 (33,535) (10,875)
Net current assets / (liabilities) 151,981 118,319
Total assets less current liabilities 152,022 118,447
Provisions for liabilities (0) (0)
Total net assets (liabilities) 152,022 118,447
Capital and reserves
Called up share capital 6 2 2
Profit and loss account 152,020 118,445
Shareholders' funds 152,022 118,447

I.M.I.T. Limited
Balance Sheet
as at 31 August 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 August 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Signed on behalf of the board of directors

...............................

Mr J McCallion

Director


Approved by the board on 19 November 2024

Company Number: SC209893 (a Private Company Limited by Shares registered in Scotland)

Registered Office:

9 Harestanes Gardens
Kirkintilloch
Glasgow
East Dunbartonshire
G66 2BT

I.M.I.T. Limited
Notes to the Accounts
for the year ended 31 August 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Going concern basis
The accounts have been prepared on the assumption that the company is able to carry on business as a going concern for the foreseeable future.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Equipment 25% Straight Line
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares that are measured at fair value. Derivative financial instruments are initially recorded at cost and thereafter at fair value. All changes in fair value are recognised in the profit or loss account in the period in which they occurred.
2. Employees
2024 2023
Average number of employees during the period 0 0

3. Tangible fixed assets
Equipment Total
Cost or valuation £ £
At 1 September 2023 348 348
At 31 August 2024 348 348
Depreciation
At 1 September 2023 220 220
Charge for the period 87 87
At 31 August 2024 307 307
Net book value
At 31 August 2024 41 41
At 31 August 2023 128 128

4. Debtors
2024 2023
£ £
Other debtors 60,940 60,569
60,940 60,569

5. Creditors: amounts falling due within one year
2024 2023
£ £
Taxation & social security 33,535 10,393
Other creditors 0 482
33,535 10,875

6. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
2 (2023: 2) Ordinary shares of £1.00 each 2 2
2 2