1 October 2023 false No description of principal activity Taxfiler 2024.6 12903842business:PrivateLimitedCompanyLtd2023-10-012024-09-30 129038422023-09-30 129038422023-10-012024-09-30 12903842business:AuditExempt-NoAccountantsReport2023-10-012024-09-30 12903842business:FilletedAccounts2023-10-012024-09-30 129038422024-09-30 12903842business:Director12023-10-012024-09-30 12903842business:RegisteredOffice2023-10-012024-09-30 129038422023-09-30 12903842core:WithinOneYear2024-09-30 12903842core:WithinOneYear2023-09-30 12903842core:AfterOneYear2024-09-30 12903842core:AfterOneYear2023-09-30 12903842core:ShareCapitalcore:PreviouslyStatedAmount2024-09-30 12903842core:ShareCapitalcore:PreviouslyStatedAmount2023-09-30 12903842core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-09-30 12903842core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-09-30 12903842core:PreviouslyStatedAmount2024-09-30 12903842core:PreviouslyStatedAmount2023-09-30 12903842business:SmallEntities2023-10-012024-09-30 12903842countries:EnglandWales2023-10-012024-09-30 12903842core:PlantMachinery2023-10-012024-09-30 12903842core:MotorVehicles2023-10-012024-09-30 12903842core:FurnitureFittings2023-10-012024-09-30 12903842core:PlantMachinery2023-09-30 12903842core:MotorVehicles2023-09-30 12903842core:FurnitureFittings2023-09-30 12903842core:PlantMachinery2024-09-30 12903842core:MotorVehicles2024-09-30 12903842core:FurnitureFittings2024-09-30 129038422022-10-012023-09-30 iso4217:GBP xbrli:pure
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
Page
- 2 -
IGS MOTORS LTD Company Information for the year ended 30 September 2024
Director
Ignas Saukaitis
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
- 3 -
IGS MOTORS LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
16,111 
18,509 
Current assets
Debtors
3,200 
9,366 
Cash at bank and in hand
1,015 
633 
4,215 
9,999 
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 
Capital and reserves
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
- 4 -
IGS MOTORS LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
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.
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.
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 
Depreciation
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 
Net book value
At 30 September 2024
4,864 
5,000 
6,247 
16,111 
At 30 September 2023
5,462 
6,000 
7,047 
18,509 
- 5 -
IGS MOTORS LTD Notes to the Accounts for the year ended 30 September 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
3,200 
6,488 
Accrued income and prepayments
- 
1,278 
Other debtors
- 
1,600 
3,200 
9,366 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
606 
- 
Taxes and social security
81 
82 
Other creditors
- 
2,069 
Loans from directors
2,610 
6,103 
3,297 
8,254 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
20,538 
16,415 
8
Capital commitments
2024 
2023 
£ 
£ 
There were no capital commitments on 30 September 2024 or 30 September 2023.
9
Contingent liabilities
There were no capital commitments on 30 September 2024 or 30 September 2023.
10
Controlling party
Mr. Ignas Saukaitis and Mrs. Jurate Saukaitiene control the company equally
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -