Incident Management Solutions Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 05851261

Incident Management Solutions Limited

Filleted Unaudited Financial Statements

31 August 2025

Incident Management Solutions Limited

Statement of Financial Position

31 August 2025

	2025		2024
Note	£	£	£

Fixed assets

Tangible assets	5		830,945	798,380

Current assets

Debtors	6	1,010,302	1,760,945
Cash at bank and in hand		1,430,435	401,483
		------------	------------
		2,440,737	2,162,428

Creditors: amounts falling due within one year	7	1,801,048		1,692,364
		------------		------------
Net current assets			639,689	470,064
			------------	------------
Total assets less current liabilities			1,470,634	1,268,444

Creditors: amounts falling due after more than one year	8		211,126	333,704

Provisions

Taxation including deferred tax	28,458	57,372
	------------	------------
Net assets	1,231,050	877,368
	------------	------------

Incident Management Solutions Limited

Statement of Financial Position (continued)

31 August 2025

	2025		2024
Note	£	£	£

Capital and reserves

Called up share capital	1,000	1,000
Share premium account	15,000	15,000
Profit and loss account	1,215,050	861,368
	------------	---------
Shareholders funds	1,231,050	877,368
	------------	---------

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

Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 28 May 2026 , and are signed on behalf of the board by:

S Young

Director

Company registration number: 05851261

Incident Management Solutions Limited

Notes to the Financial Statements

Year ended 31 August 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 Suite C, Regent House, Wolseley Road, Woburn Road Industrial Estate, Bedford, MK42 7JY.

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 and liabilities and investment properties 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 comprises revenue recognised by the Company in respect of claim handling fees and commission revenue, exclusive of Value Added Tax.

Income tax

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.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Leasehold investment property	-	5% Straight line
Office equipment	-	25% Straight line
Motor vehicles	-	25% and 20% Straight line
Computer equipment	-	25% Straight line
Leasehold improvements	-	20% and 10% Straight line

Finance leases and hire purchase contracts

Assets held under finance leases and hire purchase contracts are recognised in the statement of financial position as assets and liabilities at the lower of the fair value of the assets and the present value of the minimum lease payments, which is determined at the inception of the lease term. Any initial direct costs of the lease are added to the amount recognised as an asset. Lease payments are apportioned between the finance charges and reduction of the outstanding lease liability using the effective interest method. Finance charges are allocated to each period so as to produce a constant rate of interest on the remaining balance of the liability.

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 92 (2024: 104 ).

5. Tangible assets

	Leasehold investment property	Office equipment	Motor vehicles	Computer equipment	Leasehold improvements	Total
	£	£	£	£	£	£
Cost
At 1 Sep 2024	261,687	72,707	757,515	31,508	41,154	1,164,571
Additions	–	10,119	320,044	–	4,950	335,113
Disposals	–	( 21,898)	( 189,920)	( 4,820)	( 4,845)	( 221,483)
	---------	--------	---------	--------	--------	------------
At 31 Aug 2025	261,687	60,928	887,639	26,688	41,259	1,278,201
	---------	--------	---------	--------	--------	------------
Depreciation
At 1 Sep 2024	–	44,585	285,179	15,083	21,344	366,191
Charge for the year	13,084	10,591	187,024	6,672	4,595	221,966
Disposals	–	( 22,724)	( 108,512)	( 4,820)	( 4,845)	( 140,901)
	---------	--------	---------	--------	--------	------------
At 31 Aug 2025	13,084	32,452	363,691	16,935	21,094	447,256
	---------	--------	---------	--------	--------	------------
Carrying amount
At 31 Aug 2025	248,603	28,476	523,948	9,753	20,165	830,945
	---------	--------	---------	--------	--------	------------
At 31 Aug 2024	261,687	28,122	472,336	16,425	19,810	798,380
	---------	--------	---------	--------	--------	------------

6. Debtors

	2025	2024
	£	£
Trade debtors	908,913	1,605,762
Amounts owed by group undertakings and undertakings in which the company has a participating interest	99	–
Other debtors	101,290	155,183
	------------	------------
	1,010,302	1,760,945
	------------	------------

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Bank loans and overdrafts	123,896	95,138
Trade creditors	674,908	871,002
Amounts owed to group undertakings and undertakings in which the company has a participating interest	–	20,458
Corporation tax	–	35,684
Social security and other taxes	364,755	283,027
Other creditors	637,489	387,055
	------------	------------
	1,801,048	1,692,364
	------------	------------

8. Creditors: amounts falling due after more than one year

	2025	2024
	£	£
Other creditors	211,126	333,704
	---------	---------

Obligations due under finance leases and hire purchase contracts are secured on the related assets acquired.

9. Operating leases

The total future minimum lease payments under non-cancellable operating leases are as follows:

	2025	2024
	£	£
Not later than 1 year	77,000	70,375
Later than 1 year and not later than 5 years	202,583	264,000
	---------	---------
	279,583	334,375
	---------	---------