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Registered number: 13447677
IMPLEXIS CONSULTING LTD
Financial Statements
For The Year Ended 30 June 2024
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Financial Statements
Contents
Page
Company Information 1
Accountant's Report 2
Statement of Financial Position 3—4
Notes to the Financial Statements 5—8
Page 1
Company Information
Directors Mr Antony Roscoe
Mrs Clare Davey
Company Number 13447677
Registered Office 1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
Accountants The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
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Accountant's Report
Report to the directors on the preparation of the unaudited statutory accounts of IMPLEXIS CONSULTING LTD for the year ended 30 June 2024
To assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the accounts of IMPLEXIS CONSULTING LTD which comprise the Income Statement, the Statement of Financial Position and the related notes, from the company’s accounting records and from information and explanations you have given us.
As a practising member of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html.
This report is made to the directors of IMPLEXIS CONSULTING LTD , as a body, in accordance with the terms of our engagement letter dated . Our work has been undertaken solely to prepare for your approval the accounts of IMPLEXIS CONSULTING LTD and state those matters that we have agreed to state to the directors of IMPLEXIS CONSULTING LTD , as a body, in this report in accordance with the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IMPLEXIS CONSULTING LTD and its directors as a body for our work or for this report.
It is your duty to ensure that IMPLEXIS CONSULTING LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit or loss of IMPLEXIS CONSULTING LTD . You consider that IMPLEXIS CONSULTING LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IMPLEXIS CONSULTING LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.
Signed
6th February 2025
The Curtis Partnership
1 Tape Street
Cheadle
Stoke On Trent
Staffordshire
ST10 1BB
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Statement of Financial Position
Registered number: 13447677
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 138 184
138 184
CURRENT ASSETS
Debtors 5 42,178 30,276
Cash at bank and in hand 9,177 16,551
51,355 46,827
Creditors: Amounts Falling Due Within One Year 6 (49,260 ) (44,964 )
NET CURRENT ASSETS (LIABILITIES) 2,095 1,863
TOTAL ASSETS LESS CURRENT LIABILITIES 2,233 2,047
PROVISIONS FOR LIABILITIES
Deferred Taxation 7 (26 ) (35 )
NET ASSETS 2,207 2,012
CAPITAL AND RESERVES
Called up share capital 9 4 4
Income Statement 2,203 2,008
SHAREHOLDERS' FUNDS 2,207 2,012
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For the year ending 30 June 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income Statement.
On behalf of the board
Mr Antony Roscoe
Director
Mrs Clare Davey
Director
6th February 2025
The notes on pages 5 to 8 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
IMPLEXIS CONSULTING LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13447677 . The registered office is 1 Tape Street, Cheadle, Stoke On Trent, Staffordshire, ST10 1BB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. 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 sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% reducing balance basis
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
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2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2023 245
As at 30 June 2024 245
Depreciation
As at 1 July 2023 61
Provided during the period 46
As at 30 June 2024 107
Net Book Value
As at 30 June 2024 138
As at 1 July 2023 184
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5. Debtors
2024 2023
£ £
Due within one year
Trade debtors 7,908 22,167
Prepayments and accrued income 6,843 1,680
VAT - 1,393
Directors' loan accounts 24,772 5,036
39,523 30,276
Due after more than one year
Corporation tax recoverable assets 2,655 -
2,655 -
42,178 30,276
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 2,213 1,410
Bank loans and overdrafts 9,354 6,648
Corporation tax 15,647 19,229
VAT 1,368 -
Accruals and deferred income 1,438 1,415
Directors' loan accounts 19,240 16,262
49,260 44,964
7. Deferred Taxation
The provision for deferred tax is made up as follows:
2024 2023
£ £
Other timing differences 26 35
8. Provisions for Liabilities
Deferred Tax Total
£ £
As at 1 July 2023 35 35
Additions (9 ) (9)
Balance at 30 June 2024 26 26
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9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 4 4
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Antony Roscoe 5,036 43,148 23,412 - 24,772
The above loan is unsecured, interest free and repayable on demand.
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