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REGISTERED NUMBER: 01369401 (England and Wales)










Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Insulation Manufacturers Association
Limited

Insulation Manufacturers Association
Limited (Registered number: 01369401)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Insulation Manufacturers Association
Limited

Company Information
for the Year Ended 31 December 2024







DIRECTORS: N G Blacklock
D Harrison
P R Simpson
R C Smith
K Tarzi
L Vella
A Doyle
S O Dwyer
A Pearce
L Verheyden
R Yeo





REGISTERED OFFICE: 2 Heap Bridge
Heywood
Bury
BL9 7HR





REGISTERED NUMBER: 01369401 (England and Wales)





ACCOUNTANTS: Thompson Jones Business Solutions Limited
2 Heap Bridge
Bury
Lancashire
BL9 7HR

Insulation Manufacturers Association
Limited (Registered number: 01369401)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,726 612

CURRENT ASSETS
Debtors 5 11,427 16,881
Cash at bank 206,026 210,848
217,453 227,729
CREDITORS
Amounts falling due within one year 6 (99,420 ) (103,914 )
NET CURRENT ASSETS 118,033 123,815
TOTAL ASSETS LESS CURRENT
LIABILITIES

119,759

124,427

RESERVES
Retained earnings 119,759 124,427
119,759 124,427

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

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

The directors acknowledge their 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.

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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 April 2025 and were signed on its behalf by:




P R Simpson - Director


Insulation Manufacturers Association
Limited (Registered number: 01369401)

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

1. STATUTORY INFORMATION

The company is a private company limited by guarantee, 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.

REVENUE RECOGNITION
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.

Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Computer equipment - 33% on cost

TAXATION
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

JUDGEMENTS AND KEY SOURCES OF ESTIMATION UNCERTAINTY
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

DEFINED CONTRIBUTION PLANS
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Insulation Manufacturers Association
Limited (Registered number: 01369401)

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

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2024 1,833
Additions 2,590
At 31 December 2024 4,423
DEPRECIATION
At 1 January 2024 1,221
Charge for year 1,476
At 31 December 2024 2,697
NET BOOK VALUE
At 31 December 2024 1,726
At 31 December 2023 612

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 8,485
Taxation and social security 100 -
VAT 5,527 6,634
Prepayments 5,800 1,762
11,427 16,881

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 37 -
Taxation and social security - 4,407
Other creditors 99,383 99,507
99,420 103,914

7. COMPANY LIMITED BY GUARANTEE

The company is limited by guarantee and has no share capital. In the event of the company being wound up each member of the company undertakes to contribute an amount not exceeding £1 to the assets of the company.