REGISTERED NUMBER: 11435879 (England and Wales)

Unaudited Financial Statements

for the Year Ended 30 June 2025

for

IMCON Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

K Straughan

C M Straughan

REGISTERED OFFICE:

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

REGISTERED NUMBER:

11435879 (England and Wales)

ACCOUNTANTS:

Connolly Accountants & Business Advisors Ltd

Chartered Certified Accountants

The Stable Yard

25-33 Vicarage Road

Stony Stratford

Milton Keynes

Buckinghamshire

MK11 1BN

FIXED ASSETS

Tangible assets

4

78,187

94,848

Investments

5

5,053

6,070

83,240

100,918

CURRENT ASSETS

Debtors

6

95,181

84,609

Cash at bank

5,109

24,756

100,290

109,365

CREDITORS

Amounts falling due within one year

7

109,829

83,009

NET CURRENT (LIABILITIES)/ASSETS

(9,539

)

26,356

TOTAL ASSETS LESS CURRENT LIABILITIES

73,701

127,274

CREDITORS

Amounts falling due after more than one year

8

(37,399

)

(79,204

)

PROVISIONS FOR LIABILITIES

(14,856

)

(18,021

)

NET ASSETS

21,446

30,049

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

21,444

30,047

SHAREHOLDERS' FUNDS

21,446

30,049

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 17 December 2025 and were signed on its behalf by:

C M Straughan - Director

1.	STATUTORY INFORMATION

IMCON 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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant & machinery

-

20% on cost

Fixtures and fittings

-

20% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

3 years

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Financial instruments

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provision of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic Financial Assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is a contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors and loans from related companies are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised costs, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant &

and

Motor

Computer

machinery

fittings

vehicles

equipment

Totals

£

£

£

£

£

COST

At 1 July 2024

1,076

1,407

137,583

13,735

153,801

Additions

-

247

-

5,123

5,370

Disposals

-

-

-

(5,595

)

(5,595

)

At 30 June 2025

1,076

1,654

137,583

13,263

153,576

DEPRECIATION

At 1 July 2024

646

810

46,141

11,356

58,953

Charge for year

215

330

19,281

2,205

22,031

Eliminated on disposal

-

-

-

(5,595

)

(5,595

)

At 30 June 2025

861

1,140

65,422

7,966

75,389

NET BOOK VALUE

At 30 June 2025

215

514

72,161

5,297

78,187

At 30 June 2024

430

597

91,442

2,379

94,848

5.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

At 1 July 2024

6,070

Exchange differences

(1,017

)

At 30 June 2025

5,053

NET BOOK VALUE

At 30 June 2025

5,053

At 30 June 2024

6,070

The company's investments at the Balance Sheet date in the share capital of companies include the following:

IMCON Consulting Ltd Rwanda

Registered office: Nyarugenge, Nyarugenge, Umujyi wa Kigali, Rwanda

Nature of business: Management consultancy activities

%

Class of shares:

holding

Ordinary share

100.00

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

72,400

65,050

Amounts owed by group undertakings

19,800

16,347

Other debtors

2,981

3,212

95,181

84,609

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Hire purchase contracts

41,805

14,642

Trade creditors

196

189

Taxation and social security

1,368

8,175

Other creditors

66,460

60,003

109,829

83,009

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Hire purchase contracts

37,399

79,204

The hire purchase contract is secured against the asset to which it relates. The outstanding balances fall due within 5 years.

9.	RELATED PARTY DISCLOSURES

During the year the company advanced funds totalling £3,452 to IMCON Consulting Ltd, its subsidary.

At the reporting date, the balance owed by IMCON Consulting Ltd was £19,799 (2024: £16,347). The loan is interest free and has no set repayment terms.