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IMR MOTOR SOLUTIONS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024






IMR MOTOR SOLUTIONS LTD (REGISTERED NUMBER: 10920885)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IMR MOTOR SOLUTIONS LTD

COMPANY INFORMATION
for the Year Ended 31 August 2024







DIRECTOR: I Rogers





REGISTERED OFFICE: Liverpool Road Studios
Suite 3 and 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD





REGISTERED NUMBER: 10920885 (England and Wales)





ACCOUNTANTS: Garner & Associates Ltd
Liverpool Road Studios
Suites 3 & 4
113 Liverpool Road
Crosby
Merseyside
L23 5TD

IMR MOTOR SOLUTIONS LTD (REGISTERED NUMBER: 10920885)

BALANCE SHEET
31 August 2024

31/8/24 31/8/23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 28,435 35,950
Investments 5 - 42,900
28,435 78,850

CURRENT ASSETS
Debtors 6 29,028 15,600
Cash at bank 52,575 57,604
81,603 73,204
CREDITORS
Amounts falling due within one year 7 27,861 48,335
NET CURRENT ASSETS 53,742 24,869
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,177

103,719

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 82,077 103,619
SHAREHOLDERS' FUNDS 82,177 103,719

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 16 May 2025 and were signed by:




I Rogers - Director


IMR MOTOR SOLUTIONS LTD (REGISTERED NUMBER: 10920885)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

IMR Motor Solutions Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 1 ).

IMR MOTOR SOLUTIONS LTD (REGISTERED NUMBER: 10920885)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 August 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 September 2023 - 63,500 738 64,238
Additions 1,736 - - 1,736
At 31 August 2024 1,736 63,500 738 65,974
DEPRECIATION
At 1 September 2023 - 27,780 508 28,288
Charge for year 261 8,930 60 9,251
At 31 August 2024 261 36,710 568 37,539
NET BOOK VALUE
At 31 August 2024 1,475 26,790 170 28,435
At 31 August 2023 - 35,720 230 35,950

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 September 2023 42,900
Disposals (42,900 )
At 31 August 2024 -
NET BOOK VALUE
At 31 August 2024 -
At 31 August 2023 42,900

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Trade debtors 17,428 -
Other debtors 11,600 15,600
29,028 15,600

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/8/24 31/8/23
£    £   
Hire purchase contracts 15,400 22,000
Taxation and social security 659 6,481
Other creditors 11,802 19,854
27,861 48,335