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COMPANY REGISTRATION NUMBER: SC099035
IMAC Limited
Filleted Unaudited Financial Statements
31 May 2024
IMAC Limited
Statement of Financial Position
31 May 2024
2024
2023
Note
£
£
£
Creditors: amounts falling due within one year
4
3,279
2,883
-------
-------
Net current liabilities
3,279
2,883
-------
-------
Total assets less current liabilities
( 3,279)
( 2,883)
-------
-------
Net liabilities
( 3,279)
( 2,883)
-------
-------
Capital and reserves
Called up share capital
4
4
Profit and loss account
( 3,283)
( 2,887)
-------
-------
Shareholders deficit
( 3,279)
( 2,883)
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Director's responsibilities:
- 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 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 18 November 2024 , and are signed on behalf of the board by:
Mr I MacKenzie
Director
Company registration number: SC099035
IMAC Limited
Notes to the Financial Statements
Year ended 31 May 2024
1. General information
The company is a private company limited by shares, registered in Scotland. The address of the registered office is Suilven, Highfield Park, Conon Bridge, IV7 8AP, Ross-shire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company incurred no significant transactions during the current year.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
3,279
2,883
-------
-------
5. Related party transactions
The director has advanced sums to the company in connection with expenditure incurred , at 31 May 2024 the balance due to him was £ 2,914 (2023 - £2,538).