International Metallurgy Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 06561002

International Metallurgy Limited

Filleted Unaudited Financial Statements

For the year ended

31 March 2025

International Metallurgy Limited

Statement of Financial Position

31 March 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	178,380	53,165
Investments	6	325,320	332,611
		---------	---------
		503,700	385,776

Current assets

Debtors	7	665,365	772,231
Cash at bank and in hand		264,121	239,466
		---------	------------
		929,486	1,011,697

Creditors: amounts falling due within one year	8	46,871	47,991
		---------	------------
Net current assets		882,615	963,706
		------------	------------
Total assets less current liabilities		1,386,315	1,349,482

Provisions

Deferred taxation	10,830	9,871
	------------	------------
Net assets	1,375,485	1,339,611
	------------	------------

Capital and reserves

Called up share capital	100	100
Profit and loss account	1,375,385	1,339,511
	------------	------------
Shareholders funds	1,375,485	1,339,611
	------------	------------

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 statement of income and retained earnings has not been delivered.

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

Director's 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

International Metallurgy Limited

Statement of Financial Position (continued)

31 March 2025

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

Dr J K Patel
Director

Company registration number: 06561002

International Metallurgy Limited

Notes to the Financial Statements

Year ended 31 March 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Potton House, Wyboston Lakes, Great North Road, Wyboston, Bedford, MK44 3BZ.

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, as modified by the revaluation of certain financial assets measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for services rendered, stated net of discounts and of value added tax. Turnover represents the value of work completed in the year, including estimates for amounts not invoiced for ongoing services and long-term contracts.

Taxation

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 of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold property	-	5% straight line
Fixtures and fittings	-	20% reducing balance
Motor vehicles	-	25% reducing balance
Office equipment	-	25% straight line

Investments

Listed investments are initially recorded at cost, and subsequently measured at fair value with changes in fair value being recognised in profit or loss.

Pension costs

Contributions to defined contribution pension plans are recognised as an expense in the period in which the related service is provided.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Leasehold property	Fixtures and fittings	Motor vehicles	Office equipment	Total
	£	£	£	£	£
Cost
At 1 April 2024	46,264	5,237	–	30,479	81,980
Additions	–	–	132,000	359	132,359
	--------	-------	---------	--------	---------
At 31 March 2025	46,264	5,237	132,000	30,838	214,339
	--------	-------	---------	--------	---------
Depreciation
At 1 April 2024	817	559	–	27,439	28,815
Charge for the year	2,314	936	2,573	1,321	7,144
	--------	-------	---------	--------	---------
At 31 March 2025	3,131	1,495	2,573	28,760	35,959
	--------	-------	---------	--------	---------
Carrying amount
At 31 March 2025	43,133	3,742	129,427	2,078	178,380
	--------	-------	---------	--------	---------
At 31 March 2024	45,447	4,678	–	3,040	53,165
	--------	-------	---------	--------	---------

6. Investments

	Listed investments
	£
Cost or valuation
At 1 April 2024	332,611
Additions	100,100
Disposals	( 101,309)
Revaluations	( 6,082)
	---------
At 31 March 2025	325,320
	---------
Impairment
At 1 April 2024 and 31 March 2025	–
	---------

Carrying amount
At 31 March 2025	325,320
	---------
At 31 March 2024	332,611
	---------

7. Debtors

	2025	2024
	£	£
Other debtors	665,365	772,231
	---------	---------

8. Creditors: amounts falling due within one year

	2025	2024
	£	£
Social security and other taxes	43,431	45,206
Other creditors	3,440	2,785
	--------	--------
	46,871	47,991
	--------	--------

9. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2025	2024
	£	£
Included in provisions	10,830	9,871
	--------	-------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2025	2024
	£	£
Accelerated capital allowances	6,752	1,969
Fair value adjustment of financial assets	4,078	7,902
	--------	-------
	10,830	9,871
	--------	-------

10. Director's advances, credits and guarantees

During the year the director entered into the following advances and credits with the company:

	2025
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Dr J K Patel	583,562	( 15,524)	( 110,000)	458,038
	---------	--------	---------	---------

	2024
	Balance brought forward	Advances/ (credits) to the director	Amounts repaid	Balance outstanding
	£	£	£	£
Dr J K Patel	486,686	208,276	( 111,400)	583,562
	---------	---------	---------	---------

During the year, annual interest at a rate of 2.25% was charged to the director's loan account. This loan is unsecured and repayable on demand.