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
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
I W M Designs Limited
Statement of financial position
as at 31 October 2024
Tangible assets
14,450
19,265
Cash at bank and in hand
8,524
34,176
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)
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
I W M Designs Limited
Notes to the Accounts
for the year ended 31 October 2024
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.
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.
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
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
At 31 October 2024
33
14,161
120
136
14,450
At 31 October 2023
44
18,881
159
181
19,265
I W M Designs Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Trade debtors
20,723
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
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
-
449
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.
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).