Company Registration No. 12185409 (England and Wales)
Instamod Group Ltd
Unaudited accounts
for the year ended 31 August 2024
Instamod Group Ltd
Unaudited accounts
Contents
Instamod Group Ltd
Company Information
for the year ended 31 August 2024
Directors
Mr J Bartram
Mr M Bielby
Company Number
12185409 (England and Wales)
Registered Office
Ambrose Building
West Carr Lane
Hull
East Yorkshire
HU7 0SR
England
Accountants
Kendall Accountancy Services Limited
2 Exeter Street
New Village Road
Cottingham
East Yorkshire
HU16 4LU
Instamod Group Ltd
Statement of financial position
as at 31 August 2024
Tangible assets
16,931
21,797
Investments
688,316
1,116,149
Cash at bank and in hand
51,959
47,475
Creditors: amounts falling due within one year
(49,112)
(29,522)
Net current assets
12,847
17,953
Total assets less current liabilities
718,094
1,155,899
Creditors: amounts falling due after more than one year
(263,385)
(423,233)
Net assets
454,709
732,666
Called up share capital
150
150
Profit and loss account
454,559
732,516
Shareholders' funds
454,709
732,666
For the year ending 31 August 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 directors acknowledge their 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 of Directors and authorised for issue on 7 February 2025 and were signed on its behalf by
Mr J Bartram
Director
Company Registration No. 12185409
Instamod Group Ltd
Notes to the Accounts
for the year ended 31 August 2024
Instamod Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 12185409. The registered office is Ambrose Building, West Carr Lane, Hull, East Yorkshire, HU7 0SR, 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.
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.
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.
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Expenditure on research and development is written off in the year in which it is incurred.
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Investments in shares are included at fair value.
Instamod Group Ltd
Notes to the Accounts
for the year ended 31 August 2024
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:
4
Tangible fixed assets
Motor vehicles
At 1 September 2023
25,644
5
Investments
Subsidiary undertakings
Valuation at 1 September 2023
1,116,149
Valuation at 31 August 2024
688,316
Investment is 100% of the share capital of Instamod Site Services Limited.
Amounts falling due after more than one year
7
Creditors: amounts falling due within one year
2024
2023
Amounts owed to group undertakings and other participating interests
36,016
29,522
Taxes and social security
13,096
-
8
Creditors: amounts falling due after more than one year
2024
2023
Loans from directors
263,385
423,233
Instamod Group Ltd
Notes to the Accounts
for the year ended 31 August 2024
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150
150
10
Transactions with related parties
As at 31st August 2024 Instamod Group Ltd owed £36,015 to Instamod Site Services Ltd.
These amounts are interest free and repayable on demand
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Average number of employees
During the year the average number of employees was 2 (2023: 2).