Company Registration No. 12903842 (England and Wales)
IGS MOTORS LTD
Unaudited accounts
for the year ended 30 September 2024
IGS MOTORS LTD
Unaudited accounts
Contents
IGS MOTORS LTD
Company Information
for the year ended 30 September 2024
Company Number
12903842 (England and Wales)
Registered Office
12 MATLEY
ORTON BRIMBLES
PETERBOROUGH
PE2 5YQ
ENGLAND
Accountants
Accountancy Solutions 4U Ltd
12 Lilac Road
Dogsthorpe
Peterborough
Cambridgeshire
PE1 4PR
IGS MOTORS LTD
Statement of financial position
as at 30 September 2024
Tangible assets
16,111
18,509
Cash at bank and in hand
1,015
633
Creditors: amounts falling due within one year
(3,297)
(8,254)
Net current assets
918
1,745
Total assets less current liabilities
17,029
20,254
Creditors: amounts falling due after more than one year
(20,538)
(16,415)
Net (liabilities)/assets
(3,509)
3,839
Called up share capital
100
100
Profit and loss account
(3,609)
3,739
Shareholders' funds
(3,509)
3,839
For the year ending 30 September 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 his 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 10 April 2025 and were signed on its behalf by
Ignas Saukaitis
Director
Company Registration No. 12903842
IGS MOTORS LTD
Notes to the Accounts
for the year ended 30 September 2024
IGS MOTORS LTD is a private company, limited by shares, registered in England and Wales, registration number 12903842. The registered office is 12 MATLEY, ORTON BRIMBLES, PETERBOROUGH, PE2 5YQ, 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.
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:
Plant & machinery
25% straight line depreciation per annum
Motor vehicles
25% straight line depreciation per annum
Fixtures & fittings
25% straight line depreciation per annum
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At 1 October 2023
7,423
8,000
8,566
23,989
Additions
1,284
-
1,578
2,862
At 30 September 2024
8,707
8,000
10,144
26,851
At 1 October 2023
1,961
2,000
1,519
5,480
Charge for the year
1,882
1,000
2,378
5,260
At 30 September 2024
3,843
3,000
3,897
10,740
At 30 September 2024
4,864
5,000
6,247
16,111
At 30 September 2023
5,462
6,000
7,047
18,509
IGS MOTORS LTD
Notes to the Accounts
for the year ended 30 September 2024
Amounts falling due within one year
Accrued income and prepayments
-
1,278
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
81
82
Loans from directors
2,610
6,103
7
Creditors: amounts falling due after more than one year
2024
2023
8
Capital commitments
2024
2023
There were no capital commitments on 30 September 2024 or 30 September 2023.
There were no capital commitments on 30 September 2024 or 30 September 2023.
Mr. Ignas Saukaitis and Mrs. Jurate Saukaitiene control the company equally
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Average number of employees
During the year the average number of employees was 2 (2023: 2).