Impex Service Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 09899614

Impex Service Limited

Filleted Unaudited Financial Statements

31 December 2024

Impex Service Limited

Balance Sheet

31 December 2024

	2024	2023
Note	£	£

Current assets

Stocks		–	168
Debtors	5	387	75
Cash at bank and in hand		4,642	14,632
		-------	--------
		5,029	14,875

Creditors: amounts falling due within one year	6	1,666	1,862
		-------	--------
Net current assets		3,363	13,013
		-------	--------
Total assets less current liabilities		3,363	13,013
		-------	--------
Net assets		3,363	13,013
		-------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	3,263	12,913
	-------	--------
Shareholders funds	3,363	13,013
	-------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the profit and loss account has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 15 September 2025 , and are signed on behalf of the board by:

Mr P A Hardman

Director

Company registration number: 09899614

Impex Service Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 54 Hampton Drive, Newport, Shropshire, TF10 7RE. The registration number is 09899614 .

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.

Revenue recognition

Turnover in respect of service contracts is recognised when the company obtains the right to received consideration for services provided.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery	-	33% straight line
Equipment	-	33% straight line

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Debtors Debtors do not carry any interest and are stated at their nominal value. Appropriate allowances for estimated irrecoverable amounts are recognised in the Profit and Loss account when there is objectives evidence that the asset is impaired. Cash at bank and in hand This comprises cash at bank and in hand.

4. Tangible assets

	Plant and machinery	Equipment	Total
	£	£	£
Cost
At 1 January 2024	1,064	386	1,450
Disposals	( 1,064)	( 386)	( 1,450)
	-------	----	-------
At 31 December 2024	–	–	–
	-------	----	-------
Depreciation
At 1 January 2024	1,064	386	1,450
Disposals	( 1,064)	( 386)	( 1,450)
	-------	----	-------
At 31 December 2024	–	–	–
	-------	----	-------
Carrying amount
At 31 December 2024	–	–	–
	-------	----	-------
At 31 December 2023	–	–	–
	-------	----	-------

5. Debtors

	2024	2023
	£	£
Trade debtors	–	75
Other debtors	387	–
	----	----
	387	75
	----	----

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Corporation tax	–	814
Other creditors	1,666	1,048
	-------	-------
	1,666	1,862
	-------	-------