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Company Registration No. 12851043 (England and Wales)
IIM TRANSPORT LTD Unaudited accounts for the year ended 30 September 2024
IIM TRANSPORT LTD Unaudited accounts Contents
Page
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IIM TRANSPORT LTD Company Information for the year ended 30 September 2024
Director
Umair Ali
Company Number
12851043 (England and Wales)
Registered Office
265 PURLEY WAY AIRPORT HOUSE CROYDON CR0 0XZ ENGLAND
Accountants
Sipher Accounting & Tax Regus Gatwick Churchill Court, 3 Manor Royal Crawley RH10 9LU
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IIM TRANSPORT LTD Statement of financial position as at 30 September 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
38,428 
41,617 
Current assets
Debtors
1,386,731 
972,262 
Cash at bank and in hand
270,607 
8,878 
1,657,338 
981,140 
Creditors: amounts falling due within one year
(236,989)
(178,679)
Net current assets
1,420,349 
802,461 
Total assets less current liabilities
1,458,777 
844,078 
Creditors: amounts falling due after more than one year
(338,483)
(224,783)
Provisions for liabilities
Deferred tax
(7,491)
- 
Net assets
1,112,803 
619,295 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
1,112,703 
619,195 
Shareholders' funds
1,112,803 
619,295 
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 25 June 2025 and were signed on its behalf by
Umair Ali Director Company Registration No. 12851043
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IIM TRANSPORT LTD Notes to the Accounts for the year ended 30 September 2024
1
Statutory information
IIM TRANSPORT LTD is a private company, limited by shares, registered in England and Wales, registration number 12851043. The registered office is 265 PURLEY WAY, AIRPORT HOUSE, CROYDON, CR0 0XZ, 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% reducing
Motor vehicles
25% reducing
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.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
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IIM TRANSPORT LTD Notes to the Accounts for the year ended 30 September 2024
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 October 2023
5,490 
50,597 
56,087 
Additions
9,619 
- 
9,619 
At 30 September 2024
15,109 
50,597 
65,706 
Depreciation
At 1 October 2023
1,820 
12,650 
14,470 
Charge for the year
3,322 
9,486 
12,808 
At 30 September 2024
5,142 
22,136 
27,278 
Net book value
At 30 September 2024
9,967 
28,461 
38,428 
At 30 September 2023
3,670 
37,947 
41,617 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
1,386,731 
972,262 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
10,523 
10,523 
Taxes and social security
226,466 
168,156 
236,989 
178,679 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
45,660 
57,060 
Other creditors
292,823 
167,723 
338,483 
224,783 
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).
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