1 December 2022 false No description of principal activity Taxfiler 2024.6 11062869business:PrivateLimitedCompanyLtd2022-12-012023-11-30 110628692022-11-30 110628692022-12-012023-11-30 11062869business:AuditExempt-NoAccountantsReport2022-12-012023-11-30 11062869business:FilletedAccounts2022-12-012023-11-30 110628692023-11-30 11062869business:Director12022-12-012023-11-30 11062869business:RegisteredOffice2022-12-012023-11-30 110628692022-11-30 11062869core:WithinOneYear2023-11-30 11062869core:WithinOneYear2022-11-30 11062869core:AfterOneYear2023-11-30 11062869core:AfterOneYear2022-11-30 11062869core:ShareCapitalcore:PreviouslyStatedAmount2023-11-30 11062869core:ShareCapitalcore:PreviouslyStatedAmount2022-11-30 11062869core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-11-30 11062869core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-11-30 11062869core:PreviouslyStatedAmount2023-11-30 11062869core:PreviouslyStatedAmount2022-11-30 11062869business:SmallEntities2022-12-012023-11-30 11062869countries:EnglandWales2022-12-012023-11-30 11062869core:PlantMachinery2022-12-012023-11-30 11062869core:PlantMachinery2022-11-30 11062869core:PlantMachinery2023-11-30 110628692021-12-012022-11-30 iso4217:GBP xbrli:pure
Company Registration No. 11062869 (England and Wales)
Imaan Motors Limited Unaudited accounts for the year ended 30 November 2023
Imaan Motors Limited Unaudited accounts Contents
Page
- 2 -
Imaan Motors Limited Company Information for the year ended 30 November 2023
Director
Muhammad Naveed Afzal
Company Number
11062869 (England and Wales)
Registered Office
211 Pield Heath Road Uxbridge Middlesex UB8 3NS England
- 3 -
Imaan Motors Limited Statement of financial position as at 30 November 2023
2023 
2022 
Notes
£ 
£ 
Called up share capital not paid
- 
100 
Fixed assets
Tangible assets
10,459 
- 
Current assets
Inventories
32,500 
176,988 
Debtors
15,070 
- 
Cash at bank and in hand
167,259 
143,150 
214,829 
320,138 
Creditors: amounts falling due within one year
(90,242)
(221,357)
Net current assets
124,587 
98,781 
Total assets less current liabilities
135,046 
98,881 
Creditors: amounts falling due after more than one year
(38,752)
- 
Net assets
96,294 
98,881 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
96,194 
98,781 
Shareholders' funds
96,294 
98,881 
For the year ending 30 November 2023 the company was entitled to exemption from audit 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 August 2024 and were signed on its behalf by
Muhammad Naveed Afzal Director Company Registration No. 11062869
- 4 -
Imaan Motors Limited Notes to the Accounts for the year ended 30 November 2023
1
Statutory information
Imaan Motors Limited is a private company, limited by shares, registered in England and Wales, registration number 11062869. The registered office is 211 Pield Heath Road, Uxbridge, Middlesex, UB8 3NS, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
These financial statements for the year ended 30 November 2023 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 December 2021. The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously. The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Written down value
- 5 -
Imaan Motors Limited Notes to the Accounts for the year ended 30 November 2023
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 December 2022
- 
Additions
13,074 
At 30 November 2023
13,074 
Depreciation
Charge for the year
2,615 
At 30 November 2023
2,615 
Net book value
At 30 November 2023
10,459 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
VAT
9,720 
- 
Amounts falling due after more than one year
Other debtors
5,350 
- 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
- 
43,866 
VAT
- 
17,328 
Trade creditors
- 
91,132 
Taxes and social security
478 
31,979 
Other creditors
5,475 
(6,380)
Loans from directors
82,539 
40,000 
Accruals
1,750 
3,432 
90,242 
221,357 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
38,752 
- 
8
Average number of employees
During the year the average number of employees was 2 (2022: 2).
- 6 -