IMS Inquiry Management Systems (UK) Limited 05158624 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is that of market research services Digita Accounts Production Advanced 6.30.9574.0 true true true true 05158624 2023-05-01 2024-04-30 05158624 2024-04-30 05158624 bus:OrdinaryShareClass1 2024-04-30 05158624 core:CurrentFinancialInstruments 2024-04-30 05158624 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05158624 core:Non-currentFinancialInstruments core:AfterOneYear 2024-04-30 05158624 bus:SmallEntities 2023-05-01 2024-04-30 05158624 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05158624 bus:FilletedAccounts 2023-05-01 2024-04-30 05158624 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05158624 bus:RegisteredOffice 2023-05-01 2024-04-30 05158624 bus:CompanySecretaryDirector1 2023-05-01 2024-04-30 05158624 bus:OrdinaryShareClass1 2023-05-01 2024-04-30 05158624 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05158624 core:OfficeEquipment 2023-05-01 2024-04-30 05158624 core:ParentEntities 2023-05-01 2024-04-30 05158624 1 2023-05-01 2024-04-30 05158624 countries:AllCountries 2023-05-01 2024-04-30 05158624 2022-05-01 2023-04-30 05158624 2023-04-30 05158624 bus:OrdinaryShareClass1 2023-04-30 05158624 core:CurrentFinancialInstruments 2023-04-30 05158624 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05158624 core:Non-currentFinancialInstruments core:AfterOneYear 2023-04-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05158624

IMS Inquiry Management Systems (UK) Limited

Unaudited Filleted Abridged Financial Statements

for the Year Ended 30 April 2024

 

IMS Inquiry Management Systems (UK) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

IMS Inquiry Management Systems (UK) Limited

Company Information

Director

G Harrison

Company secretary

G Harrison

Registered office

C/o The McCay Partnership
24 Capital Business Centre, 22 Carlton Road
South Croydon
Surrey
CR2 0BA

Accountants

The McCay Partnership
Chartered Accountants
24 Capital Business Centre
22 Carlton Road
South Croydon
Surrey
CR2 0BS

 

IMS Inquiry Management Systems (UK) Limited

(Registration number: 05158624)
Abridged Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Current assets

 

Debtors

4

26,901

31,934

Cash at bank and in hand

 

14,341

22,545

 

41,242

54,479

Prepayments and accrued income

 

1,173

-

Creditors: Amounts falling due within one year

(271,981)

(224,644)

Total assets less current liabilities

 

(229,566)

(170,165)

Creditors: Amounts falling due after more than one year

(28,241)

(33,796)

Accruals and deferred income

 

(187,933)

(196,059)

Net liabilities

 

(445,740)

(400,020)

Capital and reserves

 

Called up share capital

5

1

1

Retained earnings

(445,741)

(400,021)

Shareholders' deficit

 

(445,740)

(400,020)

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

IMS Inquiry Management Systems (UK) Limited

(Registration number: 05158624)
Abridged Balance Sheet as at 30 April 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 18 February 2025
 

.........................................
G Harrison
Company secretary and director

 

IMS Inquiry Management Systems (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
C/o The McCay Partnership
24 Capital Business Centre, 22 Carlton Road
South Croydon
Surrey
CR2 0BA
England

The principal place of business is:
23 Heath Gardens
Twickenham
Middlesex
TW1 4LY
United Kingdom

These financial statements were authorised for issue by the director on 18 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Depreciation

Asset class

Depreciation method and rate

Furniture, fittings and equipmenr

25% reducing balance

 

IMS Inquiry Management Systems (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

IMS Inquiry Management Systems (UK) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 30 April 2024

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2023 - 3).

4

Debtors

Debtors includes £Nil (2023 - £Nil) due after more than one year.

5

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

6

Related party transactions

Director's remuneration

The director's remuneration for the year was as follows:

2024
£

2023
£

Remuneration

95,000

95,000

Summary of transactions with parent

During the year the company was charged management fees of £0 (2023 - £0) for costs incurred on its behalf by 1325931 Canada Inc. At the balance sheet date, the company owed 1325931 Canada Inc £125,459 (2023 - £103,819).
 

7

Parent and ultimate parent undertaking

The company's immediate parent is 1325931 Canada Inc., incorporated in Canada.