Company Registration No. 10598840 (England and Wales)
IMW LTD.
Unaudited accounts
for the year ended 29 February 2024
IMW LTD.
Unaudited accounts
Contents
IMW LTD.
Statement of financial position
as at 29 February 2024
Tangible assets
80,344
46,167
Cash at bank and in hand
117,504
65,136
Creditors: amounts falling due within one year
(208,147)
(178,128)
Net current assets
30,315
14,757
Total assets less current liabilities
110,659
60,924
Creditors: amounts falling due after more than one year
(27,756)
(38,714)
Called up share capital
5
5
Profit and loss account
82,898
22,205
Shareholders' funds
82,903
22,210
For the year ending 29 February 2024 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 25 November 2024 and were signed on its behalf by
Ireneusz Mariusz Wrona
Director
Company Registration No. 10598840
IMW LTD.
Notes to the Accounts
for the year ended 29 February 2024
IMW LTD. is a private company, limited by shares, registered in England and Wales, registration number 10598840. The registered office is 8 LONG BEECH DRIVE, FARNBOROUGH, GU14 0PR, UNITED KINGDOM.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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:
Land & buildings
Depreciation at 25% Reducing Balance
Plant & machinery
Depreciation at 25% Reducing Balance
Motor vehicles
Depreciation at 20% Reducing Balance
Computer equipment
Depreciation at 25% Reducing Balance
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 March 2023
-
2,328
63,381
10,360
76,069
Additions
25,000
6,471
13,664
2,597
47,732
At 29 February 2024
25,000
8,799
77,045
12,957
123,801
At 1 March 2023
-
966
25,924
3,012
29,902
Charge for the year
1,025
1,073
9,537
1,920
13,555
At 29 February 2024
1,025
2,039
35,461
4,932
43,457
At 29 February 2024
23,975
6,760
41,584
8,025
80,344
At 28 February 2023
-
1,362
37,457
7,348
46,167
IMW LTD.
Notes to the Accounts
for the year ended 29 February 2024
Amounts falling due within one year
Trade debtors
120,958
121,056
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,648
4,856
Taxes and social security
46,256
55,316
Other creditors
10,955
12,959
Loans from directors
17,412
-
7
Creditors: amounts falling due after more than one year
2024
2023
8
Average number of employees
During the year the average number of employees was 2 (2023: 2).