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REGISTERED NUMBER: 02142001 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31st December 2024

for

Intelligent Motion Control Limited

Intelligent Motion Control Limited (Registered number: 02142001)






Contents of the Financial Statements
for the Year Ended 31st December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Intelligent Motion Control Limited

Company Information
for the Year Ended 31st December 2024







DIRECTOR: H M D Walilay





SECRETARY: V H M Walilay





REGISTERED OFFICE: 4 Brunel Close
Drayton Fields
Daventry
Northamptonshire
NN11 8RB





REGISTERED NUMBER: 02142001 (England and Wales)





ACCOUNTANTS: Barker & Co
Chartered Accountants
Watling Offices
Smockington Lane
Wolvey
Hinckley
Leicestershire
LE10 3AY

Intelligent Motion Control Limited (Registered number: 02142001)

Balance Sheet
31st December 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 286,522 327,467

CURRENT ASSETS
Stocks 166,808 144,454
Debtors 5 60,810 150,227
Cash at bank and in hand 461,591 401,885
689,209 696,566
CREDITORS
Amounts falling due within one year 6 162,524 179,028
NET CURRENT ASSETS 526,685 517,538
TOTAL ASSETS LESS CURRENT
LIABILITIES

813,207

845,005

PROVISIONS FOR LIABILITIES 14,500 16,500
NET ASSETS 798,707 828,505

CAPITAL AND RESERVES
Called up share capital 7 3,970 3,970
Capital redemption reserve 4,500 4,500
Retained earnings 790,237 820,035
SHAREHOLDERS' FUNDS 798,707 828,505

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Intelligent Motion Control Limited (Registered number: 02142001)

Balance Sheet - continued
31st December 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 14th May 2025 and were signed by:





H M D Walilay - Director


Intelligent Motion Control Limited (Registered number: 02142001)

Notes to the Financial Statements
for the Year Ended 31st December 2024

1. STATUTORY INFORMATION

Intelligent Motion Control Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 4% on cost
Fixtures and fittings - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Operating leases
Rentals paid under operating leases are charged to income on a straight line basis over the lease term.

Intelligent Motion Control Limited (Registered number: 02142001)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold and Motor
property fittings vehicles Totals
£    £    £    £   
COST
At 1st January 2024
and 31st December 2024 1,048,135 345,352 213,235 1,606,722
DEPRECIATION
At 1st January 2024 890,736 329,633 58,886 1,279,255
Charge for year - 2,358 38,587 40,945
At 31st December 2024 890,736 331,991 97,473 1,320,200
NET BOOK VALUE
At 31st December 2024 157,399 13,361 115,762 286,522
At 31st December 2023 157,399 15,719 154,349 327,467

Depreciation is not provided on freehold land costing £157,399.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 32,808 102,721
Prepayments 28,002 47,506
60,810 150,227

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,920 41,689
Corporation tax 62,850 -
Social security and other
taxes 66,098 110,310
Other creditors 16,229 15,905
Director's current account 174 174
Accruals 13,253 10,950
162,524 179,028

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
3,970 Ordinary £1 3,970 3,970

Intelligent Motion Control Limited (Registered number: 02142001)

Notes to the Financial Statements - continued
for the Year Ended 31st December 2024

8. OTHER FINANCIAL COMMITMENTS

The company bankers hold as security:

a) First mortgage over freehold property on the south east side of Brunel Close, Daventry, dated 30th November 1992.

b) Fixed and floating charge over all other assets, dated 23rd November 1992.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

No interest is payable on amounts due to the director.