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Company Registration No. 13420614 (England and Wales)
Implex Lining Limited Unaudited accounts for the year ended 31 May 2025
Implex Lining Limited Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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Implex Lining Limited Company Information for the year ended 31 May 2025
Director
S Argatu
Company Number
13420614 (England and Wales)
Registered Office
72 Great Suffolk Street London SE1 0BL England
- 3 -
Implex Lining Limited Statement of financial position as at 31 May 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
933
933
Current assets
Debtors
5
209,572
54,598
Cash at bank and in hand
53,849
111,491
263,421
166,089
Creditors: amounts falling due within one year
6
(191,933)
(119,515)
Net current assets
71,488
46,574
Net assets
72,421
47,507
Capital and reserves
Called up share capital
10
10
Profit and loss account
72,411
47,497
Shareholders' funds
72,421
47,507
For the year ending 31 May 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 May 2026 and were signed on its behalf by
S Argatu Director Company Registration No. 13420614
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Implex Lining Limited Notes to the Accounts for the year ended 31 May 2025
1
Statutory information
Implex Lining Limited is a private company, limited by shares, registered in England and Wales, registration number 13420614. The registered office is 72 Great Suffolk Street, London, SE1 0BL, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% Reducing Balance
4
Tangible fixed assets
Computer equipment
£
Cost or valuation
At cost
At 1 June 2024
3,160
At 31 May 2025
3,160
Depreciation
At 1 June 2024
2,227
At 31 May 2025
2,227
Net book value
At 31 May 2025
933
At 31 May 2024
933
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Implex Lining Limited Notes to the Accounts for the year ended 31 May 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
2,362
2,425
Other debtors
207,210
52,173
209,572
54,598
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,530
2,961
Trade creditors
75,840
46,050
Taxes and social security
37,523
19,220
Loans from directors
-
3,246
Accruals
75,040
35,460
Deferred income
-
12,578
191,933
119,515
7
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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