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Company Registration No. 13420614 (England and Wales)
Implex Lining Limited Unaudited accounts for the year ended 31 May 2024
Implex Lining Limited Unaudited accounts Contents
Page
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Implex Lining Limited Company Information for the year ended 31 May 2024
Director
S Argatu
Company Number
13420614 (England and Wales)
Registered Office
72 Great Suffolk Street London SE1 0BL England
Accountants
Xeinadin 8th Floor, Becket House 36 Old Jewry London EC2R 8DD
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Implex Lining Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
933 
2,010 
Current assets
Debtors
54,598 
28,389 
Cash at bank and in hand
111,491 
29,063 
166,089 
57,452 
Creditors: amounts falling due within one year
(110,663)
(35,380)
Net current assets
55,426 
22,072 
Net assets
56,359 
24,082 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
56,349 
24,072 
Shareholders' funds
56,359 
24,082 
For the year ending 31 May 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 19 May 2025 and were signed on its behalf by
S Argatu Director Company Registration No. 13420614
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Implex Lining Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
Implex Lining Limited is a private company, limited by shares, registered in England and Wales, registration number 13420614. The registered office is 72 Great Suffolk Street, London, SE1 0BL, 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.
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.
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:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
3,160 
At 31 May 2024
3,160 
Depreciation
At 1 June 2023
1,150 
Charge for the year
1,077 
At 31 May 2024
2,227 
Net book value
At 31 May 2024
933 
At 31 May 2023
2,010 
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Implex Lining Limited Notes to the Accounts for the year ended 31 May 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
2,425 
1,755 
Other debtors
52,173 
26,634 
54,598 
28,389 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
2,961 
- 
Trade creditors
46,050 
1,824 
Taxes and social security
19,223 
7,556 
Loans from directors
3,246 
15,000 
Accruals
26,605 
11,000 
Deferred income
12,578 
- 
110,663 
35,380 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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