Company registration number 07730769 (England and Wales)
IMA MARINE LTD
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 AUGUST 2025
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
IMA MARINE LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 3
IMA MARINE LTD
BALANCE SHEET
AS AT
31 AUGUST 2025
31 August 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
3
302
492
Current assets
Debtors
4
-
0
750
Cash at bank and in hand
583
870
583
1,620
Creditors: amounts falling due within one year
5
(3,154)
(2,202)
Net current liabilities
(2,571)
(582)
Total assets less current liabilities
(2,269)
(90)
Provisions for liabilities
(57)
(93)
Net liabilities
(2,326)
(183)
Capital and reserves
Called up share capital
2
2
Profit and loss reserves
(2,328)
(185)
Total equity
(2,326)
(183)

For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he 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 Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 15 October 2025 and are signed on its behalf by:
Mr I Adams
Director
Company registration number 07730769 (England and Wales)
IMA MARINE LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2025
- 2 -
1
Accounting policies
Company information

IMA Marine Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 35 Beacon Drive, Newton Abbot, Devon, TQ12 1GG.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

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

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, 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

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.

IMA MARINE LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 AUGUST 2025
- 3 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
3
Tangible fixed assets
Computers
£
Cost
At 1 September 2024 and 31 August 2025
3,064
Depreciation and impairment
At 1 September 2024
2,572
Depreciation charged in the year
190
At 31 August 2025
2,762
Carrying amount
At 31 August 2025
302
At 31 August 2024
492
4
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
-
0
750
5
Creditors: amounts falling due within one year
2025
2024
£
£
Taxation and social security
1,527
16
Other creditors
1,627
2,186
3,154
2,202
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