1 November 2023 false No description of principal activity Taxfiler 2024.6 04574145business:PrivateLimitedCompanyLtd2023-11-012024-10-31 045741452023-10-31 045741452023-11-012024-10-31 04574145business:AuditExemptWithAccountantsReport2023-11-012024-10-31 04574145business:FilletedAccounts2023-11-012024-10-31 045741452024-10-31 04574145business:Director12023-11-012024-10-31 04574145business:Director22023-11-012024-10-31 04574145business:RegisteredOffice2023-11-012024-10-31 045741452023-10-31 04574145core:WithinOneYear2024-10-31 04574145core:WithinOneYear2023-10-31 04574145core:AfterOneYear2024-10-31 04574145core:AfterOneYear2023-10-31 04574145core:ShareCapitalcore:PreviouslyStatedAmount2024-10-31 04574145core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 04574145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-10-31 04574145core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 04574145core:PreviouslyStatedAmount2024-10-31 04574145core:PreviouslyStatedAmount2023-10-31 04574145business:SmallEntities2023-11-012024-10-31 04574145countries:EnglandWales2023-11-012024-10-31 04574145core:PlantMachinery2023-11-012024-10-31 04574145core:MotorVehicles2023-11-012024-10-31 04574145core:FurnitureFittings2023-11-012024-10-31 04574145core:ComputerEquipment2023-11-012024-10-31 04574145core:PlantMachinery2023-10-31 04574145core:MotorVehicles2023-10-31 04574145core:FurnitureFittings2023-10-31 04574145core:ComputerEquipment2023-10-31 04574145core:PlantMachinery2024-10-31 04574145core:MotorVehicles2024-10-31 04574145core:FurnitureFittings2024-10-31 04574145core:ComputerEquipment2024-10-31 04574145business:OrdinaryShareClass12023-11-012024-10-31 04574145business:OrdinaryShareClass12022-11-012023-10-31 045741452022-11-012023-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 04574145 (England and Wales)
I W M Designs Limited Unaudited accounts for the year ended 31 October 2024
I W M Designs Limited Unaudited accounts Contents
Page
- 2 -
I W M Designs Limited Company Information for the year ended 31 October 2024
Directors
Mr I W Massey Mrs D A Massey
Company Number
04574145 (England and Wales)
Registered Office
45 STAPLETON AVENUE HEATON BOLTON LANCASHIRE BL1 5ET
Accountants
J F Balshaw & Co 20 Old Kiln Lane Heaton Bolton Lancashire BL1 5PD
- 3 -
I W M Designs Limited Statement of financial position as at 31 October 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
14,450 
19,265 
Current assets
Inventories
2,137 
2,064 
Debtors
23,704 
69,388 
Cash at bank and in hand
8,524 
34,176 
34,365 
105,628 
Creditors: amounts falling due within one year
(45,450)
(53,249)
Net current (liabilities)/assets
(11,085)
52,379 
Total assets less current liabilities
3,365 
71,644 
Creditors: amounts falling due after more than one year
- 
(449)
Net assets
3,365 
71,195 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
3,265 
71,095 
Shareholders' funds
3,365 
71,195 
For the year ending 31 October 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 directors acknowledge their 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 of Directors and authorised for issue on 15 July 2025 and were signed on its behalf by
Mrs D A Massey Director Company Registration No. 04574145
- 4 -
I W M Designs Limited Notes to the Accounts for the year ended 31 October 2024
1
Statutory information
I W M Designs Limited is a private company, limited by shares, registered in England and Wales, registration number 04574145. The registered office is 45 STAPLETON AVENUE, HEATON, BOLTON, LANCASHIRE, BL1 5ET.
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 represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% reducing balance
Motor vehicles
25% reducing balance
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At cost 
At 1 November 2023
3,101 
43,433 
15,985 
524 
63,043 
At 31 October 2024
3,101 
43,433 
15,985 
524 
63,043 
Depreciation
At 1 November 2023
3,057 
24,552 
15,826 
343 
43,778 
Charge for the year
11 
4,720 
39 
45 
4,815 
At 31 October 2024
3,068 
29,272 
15,865 
388 
48,593 
Net book value
At 31 October 2024
33 
14,161 
120 
136 
14,450 
At 31 October 2023
44 
18,881 
159 
181 
19,265 
- 5 -
I W M Designs Limited Notes to the Accounts for the year ended 31 October 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
20,723 
69,388 
Other debtors
2,981 
- 
23,704 
69,388 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
4,262 
- 
Obligations under finance leases and hire purchase contracts
449 
5,385 
Trade creditors
22,567 
7,206 
Taxes and social security
2,501 
9,282 
Loans from directors
14,480 
30,240 
Accruals
1,191 
1,136 
45,450 
53,249 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Obligations under finance leases and hire purchase contracts
- 
449 
8
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Transactions with related parties
An amount of £14,480 (2023 £30,240) is owed to the directors, Mr I and Mrs D Massey.
10
Controlling party
The company is under the control of the directors, Mr I W Massey and Mrs D A Massey.
11
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -