IRIS Accounts Production v24.3.2.46 11435879 Board of Directors 1.7.23 30.6.24 30.6.24 0 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh114358792023-06-30114358792024-06-30114358792023-07-012024-06-30114358792022-06-30114358792022-07-012023-06-30114358792023-06-3011435879ns15:EnglandWales2023-07-012024-06-3011435879ns14:PoundSterling2023-07-012024-06-3011435879ns10:Director12023-07-012024-06-3011435879ns10:PrivateLimitedCompanyLtd2023-07-012024-06-3011435879ns10:SmallEntities2023-07-012024-06-3011435879ns10:AuditExempt-NoAccountantsReport2023-07-012024-06-3011435879ns10:SmallCompaniesRegimeForDirectorsReport2023-07-012024-06-3011435879ns10:SmallCompaniesRegimeForAccounts2023-07-012024-06-3011435879ns10:FullAccounts2023-07-012024-06-3011435879ns10:Director22023-07-012024-06-3011435879ns10:RegisteredOffice2023-07-012024-06-3011435879ns5:CurrentFinancialInstruments2024-06-3011435879ns5:CurrentFinancialInstruments2023-06-3011435879ns5:Non-currentFinancialInstruments2024-06-3011435879ns5:Non-currentFinancialInstruments2023-06-3011435879ns5:ShareCapital2024-06-3011435879ns5:ShareCapital2023-06-3011435879ns5:RetainedEarningsAccumulatedLosses2024-06-3011435879ns5:RetainedEarningsAccumulatedLosses2023-06-3011435879ns5:PlantMachinery2023-07-012024-06-3011435879ns5:FurnitureFittings2023-07-012024-06-3011435879ns5:MotorVehicles2023-07-012024-06-3011435879ns5:ComputerEquipment2023-07-012024-06-3011435879ns5:PlantMachinery2023-06-3011435879ns5:FurnitureFittings2023-06-3011435879ns5:MotorVehicles2023-06-3011435879ns5:ComputerEquipment2023-06-3011435879ns5:PlantMachinery2024-06-3011435879ns5:FurnitureFittings2024-06-3011435879ns5:MotorVehicles2024-06-3011435879ns5:ComputerEquipment2024-06-3011435879ns5:PlantMachinery2023-06-3011435879ns5:FurnitureFittings2023-06-3011435879ns5:MotorVehicles2023-06-3011435879ns5:ComputerEquipment2023-06-3011435879ns5:AdditionsToInvestments2024-06-3011435879ns5:ForeignExchangeDifferencesIncreaseDecreaseInInvestments2024-06-3011435879ns5:CostValuation2024-06-3011435879ns5:WithinOneYearns5:CurrentFinancialInstruments2024-06-3011435879ns5:WithinOneYearns5:CurrentFinancialInstruments2023-06-3011435879ns5:Non-currentFinancialInstruments2023-07-012024-06-30
REGISTERED NUMBER: 11435879 (England and Wales)















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

IMCON Limited

IMCON Limited (Registered number: 11435879)






Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMCON Limited

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTORS: K Straughan
C M Straughan





REGISTERED OFFICE: The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN





REGISTERED NUMBER: 11435879 (England and Wales)





ACCOUNTANTS: Connolly Accountants & Business Advisors Ltd
Chartered Certified Accountants
The Stable Yard
25-33 Vicarage Road
Stony Stratford
Milton Keynes
Buckinghamshire
MK11 1BN

IMCON Limited (Registered number: 11435879)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 94,848 114,095
Investments 5 6,070 -
100,918 114,095

CURRENT ASSETS
Debtors 6 84,609 46,642
Cash at bank 24,756 38,129
109,365 84,771
CREDITORS
Amounts falling due within one year 7 83,009 50,198
NET CURRENT ASSETS 26,356 34,573
TOTAL ASSETS LESS CURRENT
LIABILITIES

127,274

148,668

CREDITORS
Amounts falling due after more than one year 8 (79,204 ) (93,847 )

PROVISIONS FOR LIABILITIES (18,021 ) (11,003 )
NET ASSETS 30,049 43,818

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 30,047 43,816
SHAREHOLDERS' FUNDS 30,049 43,818

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

IMCON Limited (Registered number: 11435879)

Balance Sheet - continued
30 JUNE 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 December 2024 and were signed on its behalf by:





C M Straughan - Director


IMCON Limited (Registered number: 11435879)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

IMCON Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant & machinery - 20% on cost
Fixtures and fittings - 20% on cost
Motor vehicles - 25% on cost
Computer equipment - 3 years

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

IMCON Limited (Registered number: 11435879)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


IMCON Limited (Registered number: 11435879)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

4. TANGIBLE FIXED ASSETS
Fixtures
Plant & and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 July 2023 1,076 1,407 137,583 12,965 153,031
Additions - - - 2,914 2,914
Disposals - - - (2,144 ) (2,144 )
At 30 June 2024 1,076 1,407 137,583 13,735 153,801
DEPRECIATION
At 1 July 2023 430 528 26,861 11,117 38,936
Charge for year 216 282 19,280 2,001 21,779
Eliminated on disposal - - - (1,762 ) (1,762 )
At 30 June 2024 646 810 46,141 11,356 58,953
NET BOOK VALUE
At 30 June 2024 430 597 91,442 2,379 94,848
At 30 June 2023 646 879 110,722 1,848 114,095


IMCON Limited (Registered number: 11435879)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 6,278
Exchange differences (208 )
At 30 June 2024 6,070
NET BOOK VALUE
At 30 June 2024 6,070

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 65,050 44,129
Amounts owed by group undertakings 16,347 -
Other debtors 3,212 2,513
84,609 46,642

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Hire purchase contracts 14,642 13,186
Trade creditors 189 164
Taxation and social security 8,175 3,919
Other creditors 60,003 32,929
83,009 50,198

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Hire purchase contracts 79,204 93,847

The hire purchase contract is secured against the asset to which it relates. The outstanding balances fall due within 5 years.

9. RELATED PARTY DISCLOSURES

During the year the company advanced funds totalling £22,417 and received £6,070 from IMCON Consulting Ltd, its subsidary.
At the reporting date the balance owed by IMCON Consulting Ltd was £16,347. The loan is interest free and has no set repayment terms.