BrightAccountsProduction v1.0.0 v1.0.0 2024-09-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the maintenance and repair of motor vehicles 30 May 2026 0 0 03709601 2025-08-31 03709601 2024-08-31 03709601 2023-08-31 03709601 2024-09-01 2025-08-31 03709601 2023-09-01 2024-08-31 03709601 uk-bus:PrivateLimitedCompanyLtd 2024-09-01 2025-08-31 03709601 uk-curr:PoundSterling 2024-09-01 2025-08-31 03709601 uk-bus:SmallCompaniesRegimeForAccounts 2024-09-01 2025-08-31 03709601 uk-bus:FullAccounts 2024-09-01 2025-08-31 03709601 uk-bus:Director1 2024-09-01 2025-08-31 03709601 uk-bus:CompanySecretary1 2024-09-01 2025-08-31 03709601 uk-bus:RegisteredOffice 2024-09-01 2025-08-31 03709601 uk-bus:Agent1 2024-09-01 2025-08-31 03709601 uk-core:ShareCapital 2025-08-31 03709601 uk-core:ShareCapital 2024-08-31 03709601 uk-core:RetainedEarningsAccumulatedLosses 2025-08-31 03709601 uk-core:RetainedEarningsAccumulatedLosses 2024-08-31 03709601 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2025-08-31 03709601 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-08-31 03709601 uk-bus:FRS102 2024-09-01 2025-08-31 03709601 uk-core:PlantMachinery 2024-09-01 2025-08-31 03709601 uk-core:FurnitureFittingsToolsEquipment 2024-09-01 2025-08-31 03709601 uk-core:WithinOneYear 2025-08-31 03709601 uk-core:WithinOneYear 2024-08-31 03709601 uk-core:WithinOneYear 2025-08-31 03709601 uk-core:WithinOneYear 2024-08-31 03709601 uk-core:AfterOneYear 2025-08-31 03709601 uk-core:AfterOneYear 2024-08-31 03709601 uk-core:BetweenOneTwoYears 2025-08-31 03709601 uk-core:BetweenOneTwoYears 2024-08-31 03709601 uk-core:EmployeeBenefits 2024-08-31 03709601 uk-core:EmployeeBenefits 2024-09-01 2025-08-31 03709601 uk-core:AcceleratedTaxDepreciationDeferredTax 2025-08-31 03709601 uk-core:TaxLossesCarry-forwardsDeferredTax 2025-08-31 03709601 uk-core:OtherDeferredTax 2025-08-31 03709601 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2025-08-31 03709601 uk-core:EmployeeBenefits 2025-08-31 03709601 2024-09-01 2025-08-31 03709601 uk-bus:AuditExempt-NoAccountantsReport 2024-09-01 2025-08-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
I M B Electronics Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 August 2025



I M B Electronics Limited
Director and Other Information

 
Director S A Beales
 
 
Company Secretary L J Hardy
 
 
Company Registration Number 03709601
 
 
Registered Office 29 Myrtle Tree Crescent
Sandbay
Kewstoke
Weston-super-Mare
Somerset
BS22 9UL
 
 
Accountants Four Fifty Partnership
Chartered Accountants
34 Boulevard
Somerset
BS23 1NF



I M B Electronics Limited
Company Registration Number: 03709601
Balance Sheet
as at 31 August 2025

2025 2024
Notes £ £
 
Fixed Assets
Tangible assets 5 233 287
───────── ─────────
 
Current Assets
Debtors 6 16,441 23,832
Cash at bank and in hand - 28
───────── ─────────
16,441 23,860
───────── ─────────
Creditors: amounts falling due within one year 7 (18,728) (20,385)
───────── ─────────
Net Current (Liabilities)/Assets (2,287) 3,475
───────── ─────────
Total Assets less Current Liabilities (2,054) 3,762
 
Creditors:
amounts falling due after more than one year 8 - (2,884)
 
Provisions for liabilities 9 - (41)
───────── ─────────
Net (Liabilities)/Assets (2,054) 837
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Retained earnings (2,056) 835
───────── ─────────
Shareholders' (Deficit)/Funds (2,054) 837
═════════ ═════════
 
The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 August 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 30 May 2026
           
           
           
________________________________          
S A Beales          
Director          
           



I M B Electronics Limited
Notes to the Financial Statements
for the financial year ended 31 August 2025

   
1. General Information
 
I M B Electronics Limited is a company limited by shares incorporated and registered in the England and Wales. The registered number of the company is 03709601. The registered office of the company is 29 Myrtle Tree Crescent, Sandbay, Kewstoke, Weston-super-Mare, Somerset, BS22 9UL. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 August 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. Cost comprises purchase price and other directly attributable costs. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Plant and machinery - 15% reducing balance
  Computer equipment - 20% straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Borrowing costs
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
 
Taxation and deferred taxation

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date.

   
3. Going concern
 
The company ceased trading on 28 February 2023.  At the year end the company had net current liabilities of £2,054 (2024: net current assets of £3,762) and net liabilities of £2,054 (2024: net assets of £837).  The director has indicated he will continue to support the company for the foreseeable future.
       
4. Employees
 
The average monthly number of employees, including director, during the financial year was 0
         
5. Tangible assets
  Plant and Computer Total
  machinery equipment  
       
  £ £ £
Cost
At 1 September 2024 1,760 9,600 11,360
  ───────── ───────── ─────────
 
At 31 August 2025 1,760 9,600 11,360
  ───────── ───────── ─────────
Depreciation
At 1 September 2024 1,702 9,371 11,073
Charge for the financial year 8 46 54
  ───────── ───────── ─────────
At 31 August 2025 1,710 9,417 11,127
  ───────── ───────── ─────────
Net book value
At 31 August 2025 50 183 233
  ═════════ ═════════ ═════════
At 31 August 2024 58 229 287
  ═════════ ═════════ ═════════
       
6. Debtors 2025 2024
  £ £
 
Director's current account  (Note 10) 16,441 23,832
  ═════════ ═════════
       
7. Creditors 2025 2024
Amounts falling due within one year £ £
 
Bank overdrafts 953 -
Bank loan 3,151 3,085
Taxation 12,034 13,215
Accruals 2,590 4,085
  ───────── ─────────
  18,728 20,385
  ═════════ ═════════
       
8. Creditors 2025 2024
Amounts falling due after more than one year £ £
 
Bank loan - 2,884
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 4,104 3,085
Repayable between one and two years - 2,884
  ───────── ─────────
  4,104 5,969
  ═════════ ═════════
 
       
9. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total
  allowances  
     
  2025 2024
  £ £
 
At financial year start 41 71
Charged to profit and loss (41) (30)
  ───────── ─────────
At financial year end - 41
  ═════════ ═════════
   
10. Director's advances, credits and guarantees
 
During the financial year, the company made a loan to a director amounting to £16,441. Interest at the official interest rate is payable and the loan is repayable on demand.