REGISTERED NUMBER: 02485308 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IMTEX CONTROLS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

I M Turner

P Turner

SECRETARY:

Mrs J Turner

REGISTERED OFFICE:

Sutherland House

1759 London Road

Leigh-On-Sea

Essex

SS9 2RZ

REGISTERED NUMBER:

02485308 (England and Wales)

ACCOUNTANTS:

Platt Rushton LLP

Sutherland House

1759 London Road

Leigh On Sea

Essex

SS9 2RZ

FIXED ASSETS

Intangible assets

4

20,240

23,811

Tangible assets

5

66,131

76,959

86,371

100,770

CURRENT ASSETS

Stocks

751,883

777,615

Debtors

6

490,362

436,392

Cash at bank and in hand

290,555

120,208

1,532,800

1,334,215

CREDITORS

Amounts falling due within one year

7

846,652

667,464

NET CURRENT ASSETS

686,148

666,751

TOTAL ASSETS LESS CURRENT LIABILITIES

772,519

767,521

CREDITORS

Amounts falling due after more than one year

8

-

(5,556

)

PROVISIONS FOR LIABILITIES

(16,191

)

(14,574

)

NET ASSETS

756,328

747,391

CAPITAL AND RESERVES

Called up share capital

10,000

10,000

Share premium

9

65,000

65,000

Retained earnings

9

681,328

672,391

SHAREHOLDERS' FUNDS

756,328

747,391

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2025 and were signed on its behalf by:

I M Turner - Director

1.	STATUTORY INFORMATION

Imtex Controls 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.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of nil years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

Straight line over 50 years

Plant and machinery etc

-

15% 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Government grants

Government grants are offset against the related expenditure in the period in which conditions for the Government grant are satisfied.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 16 (2023 - 15 ) .

4.	INTANGIBLE FIXED ASSETS

Other

intangible

assets

£

COST

At 1 January 2024

and 31 December 2024

74,500

AMORTISATION

At 1 January 2024

50,689

Charge for year

3,571

At 31 December 2024

54,260

NET BOOK VALUE

At 31 December 2024

20,240

At 31 December 2023

23,811

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2024

25,000

467,633

492,633

Additions

-

1,255

1,255

At 31 December 2024

25,000

468,888

493,888

DEPRECIATION

At 1 January 2024

8,004

407,670

415,674

Charge for year

3,000

9,083

12,083

At 31 December 2024

11,004

416,753

427,757

NET BOOK VALUE

At 31 December 2024

13,996

52,135

66,131

At 31 December 2023

16,996

59,963

76,959

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

296,496

230,704

Other debtors

193,866

205,688

490,362

436,392

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

5,556

16,667

Trade creditors

603,686

485,523

Taxation and social security

60,819

45,324

Other creditors

176,591

119,950

846,652

667,464

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

-

5,556

9.

RESERVES

Retained

Share

earnings

premium

Totals

£

£

£

At 1 January 2024

672,391

65,000

737,391

Profit for the year

146,937

146,937

Dividends

(138,000

)

(138,000

)

At 31 December 2024

681,328

65,000

746,328

10.	RELATED PARTY DISCLOSURES

The company maintained trade balances with Imtex Controls (Europe) sarl during the year. The amounts outstanding at the year end are shown within trade creditors (£20,039 - 2023 £6,978) on the balance sheet.

The company also provide a loan to Imtex Controls (Europe) sarl during the year. At the year end date £157,319 (2023 - £143,029) was due to the company and is shown within other debtors.

Imtex Controls (Europe) sarl is a company under common control.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is I M Turner.