Registered number
04946146
IGM Environmental Limited
Filleted Accounts
31 October 2024
IGM Environmental Limited
Registered number: 04946146
Balance Sheet
as at 31 October 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 454 -
Current assets
Debtors 4 - 2,149
Cash at bank and in hand 24,525 23,672
24,525 25,821
Creditors: amounts falling due within one year 5 (5,793) (10,277)
Net current assets 18,732 15,544
Net assets 19,186 15,544
Capital and reserves
Called up share capital 2 2
Profit and loss account 19,184 15,542
Shareholders' funds 19,186 15,544
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr I G Matthews
Director
Approved by the board on 4 February 2025
IGM Environmental Limited
Notes to the Accounts
for the year ended 31 October 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 4 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 November 2023 1,362
Additions 531
At 31 October 2024 1,893
Depreciation
At 1 November 2023 1,362
Charge for the year 77
At 31 October 2024 1,439
Net book value
At 31 October 2024 454
4 Debtors 2024 2023
£ £
Trade debtors - 2,149
5 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,563 3,604
Other creditors 2,230 6,673
5,793 10,277
6 Other information
IGM Environmental Limited is a private company limited by shares and incorporated in England. Its registered office is:
18 St.Laurence Road
Foxton
Cambridge
CB22 6SF
IGM Environmental Limited 04946146 false 2023-11-01 2024-10-31 2024-10-31 VT Final Accounts April 2024 Mr I G Matthews No description of principal activity 04946146 2022-11-01 2023-10-31 04946146 core:WithinOneYear 2023-10-31 04946146 core:ShareCapital 2023-10-31 04946146 core:RetainedEarningsAccumulatedLosses 2023-10-31 04946146 2023-11-01 2024-10-31 04946146 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 04946146 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 04946146 bus:Director40 2023-11-01 2024-10-31 04946146 1 2023-11-01 2024-10-31 04946146 2 2023-11-01 2024-10-31 04946146 core:PlantMachinery 2023-11-01 2024-10-31 04946146 countries:England 2023-11-01 2024-10-31 04946146 bus:FRS102 2023-11-01 2024-10-31 04946146 bus:FilletedAccounts 2023-11-01 2024-10-31 04946146 2024-10-31 04946146 core:WithinOneYear 2024-10-31 04946146 core:ShareCapital 2024-10-31 04946146 core:RetainedEarningsAccumulatedLosses 2024-10-31 04946146 core:PlantMachinery 2024-10-31 04946146 2023-10-31 04946146 core:PlantMachinery 2023-10-31 iso4217:GBP xbrli:pure