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
IIM TRANSPORT LTD
Company Information
for the year ended 30 September 2024
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
IIM TRANSPORT LTD
Statement of financial position
as at 30 September 2024
Tangible assets
38,428
41,617
Cash at bank and in hand
270,607
8,878
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
Net assets
1,112,803
619,295
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
IIM TRANSPORT LTD
Notes to the Accounts
for the year ended 30 September 2024
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.
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% reducing
Motor vehicles
25% reducing
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 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.
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.
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
At 30 September 2024
15,109
50,597
65,706
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
At 30 September 2024
9,967
28,461
38,428
At 30 September 2023
3,670
37,947
41,617
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
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
8
Average number of employees
During the year the average number of employees was 4 (2023: 4).