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Company Registration No. 12682403 (England and Wales)
IMAX PARTS TRADING LTD Unaudited accounts for the year ended 30 June 2024
IMAX PARTS TRADING LTD Unaudited accounts Contents
Page
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IMAX PARTS TRADING LTD Statement of financial position as at 30 June 2024
2024 
2023 
Notes
£ 
£ 
Current assets
Inventories
35,200 
62,350 
Debtors
102 
17,731 
Cash at bank and in hand
70 
281 
35,372 
80,362 
Creditors: amounts falling due within one year
(36,011)
(100,044)
Net current liabilities
(639)
(19,682)
Net liabilities
(639)
(19,682)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
(739)
(19,782)
Shareholders' funds
(639)
(19,682)
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 director acknowledges her 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 and authorised for issue on 13 November 2024 and were signed on its behalf by
Mrs Uzma Patel Director Company Registration No. 12682403
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IMAX PARTS TRADING LTD Notes to the Accounts for the year ended 30 June 2024
1
Statutory information
IMAX PARTS TRADING LTD is a private company, limited by shares, registered in England and Wales, registration number 12682403. The registered office is 5 Mayesbrook Road, Dagenham, Essex, RM8 2DX, United Kingdom.
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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.
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Going concern
The company is a going concern. The company is funded and supported by long term shareholders.
4
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
102 
47 
Amounts due from group undertakings etc.
- 
17,684 
102 
17,731 
5
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Other creditors
- 
8,000 
Loans from directors
36,011 
92,044 
36,011 
100,044 
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IMAX PARTS TRADING LTD Notes to the Accounts for the year ended 30 June 2024
6
Transactions with related parties
At the end of the year the company owed £NIL (2023: £17,684) from Easydeals Trading Limited where Mrs Uzma Patel is acting as a director.
7
Controlling party
The company is controlled by the shareholders by virtue of their shareholding.
8
Average number of employees
During the year the average number of employees was 0 (2023: 2).
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