REGISTERED NUMBER: 06877089 (England and Wales)

Unaudited Financial Statements

for the Year Ended

30 April 2025

for

I-Mech Mechanical & Electrical Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S Warburton

Mrs N A Warburton

REGISTERED OFFICE:

Newton Works

Cradley Road

Dudley

West Midlands

DY2 9SW

REGISTERED NUMBER:

06877089 (England and Wales)

ACCOUNTANTS:

DJH Halesowen Limited

Church Court

Stourbridge Road

Halesowen

B63 3TT

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

147,097

46,414

147,097

46,414

CURRENT ASSETS

Debtors

6

1,676,068

1,390,696

Cash at bank

58,759

177,835

1,734,827

1,568,531

CREDITORS

Amounts falling due within one year

7

1,110,086

877,987

NET CURRENT ASSETS

624,741

690,544

TOTAL ASSETS LESS CURRENT LIABILITIES

771,838

736,958

CREDITORS

Amounts falling due after more than one year

8

(337,868

)

(88,065

)

PROVISIONS FOR LIABILITIES

(8,200

)

(9,000

)

NET ASSETS

425,770

639,893

CAPITAL AND RESERVES

Called up share capital

1

1

Retained earnings

425,769

639,892

SHAREHOLDERS' FUNDS

425,770

639,893

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2025 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 9 December 2025 and were signed on its behalf by:

S Warburton - Director

1.	STATUTORY INFORMATION

I-Mech Mechanical & Electrical Ltd 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 three years.

Tangible fixed assets

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

Improvements to property

-

20% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

33% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2024 - 18 ) .

4.	INTANGIBLE FIXED ASSETS

Computer

software

£

COST

At 1 May 2024

and 30 April 2025

9,352

AMORTISATION

At 1 May 2024

and 30 April 2025

9,352

NET BOOK VALUE

At 30 April 2025

-

At 30 April 2024

-

5.	TANGIBLE FIXED ASSETS

Improvements

Fixtures

to

Plant and

and

property

machinery

fittings

£

£

£

COST

At 1 May 2024

66,513

144,903

21,014

Additions

-

17,999

-

At 30 April 2025

66,513

162,902

21,014

DEPRECIATION

At 1 May 2024

66,512

113,333

19,547

Charge for year

1

8,643

486

At 30 April 2025

66,513

121,976

20,033

NET BOOK VALUE

At 30 April 2025

-

40,926

981

At 30 April 2024

1

31,570

1,467

Motor

Computer

vehicles

equipment

Totals

£

£

£

COST

At 1 May 2024

16,541

5,083

254,054

Additions

119,108

1,091

138,198

At 30 April 2025

135,649

6,174

392,252

DEPRECIATION

At 1 May 2024

6,001

2,247

207,640

Charge for year

27,449

936

37,515

At 30 April 2025

33,450

3,183

245,155

NET BOOK VALUE

At 30 April 2025

102,199

2,991

147,097

At 30 April 2024

10,540

2,836

46,414

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

1,443,153

1,158,782

Other debtors

232,915

231,914

1,676,068

1,390,696

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

90,184

82,352

Hire purchase contracts (see note 9)

32,234

-

Trade creditors

793,025

658,855

Taxation and social security

87,651

50,225

Other creditors

106,992

86,555

1,110,086

877,987

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

259,908

88,065

Hire purchase contracts (see note 9)

77,960

-

337,868

88,065

9.	LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase

contracts

2025

2024

£

£

Net obligations repayable:

Within one year

32,234

-

Between one and five years

77,960

-

110,194

-

Non-cancellable

operating leases

2025

2024

£

£

Within one year

130,000

130,000

Between one and five years

65,000

-

195,000

130,000

10.	RELATED PARTY DISCLOSURES

At 30th April 2025 the company owed £319 to the directors (2024 - £228).