Importas Limited

Contents

Balance Sheet	1 to 2
Notes to the Unaudited Financial Statements	3 to 8

Importas Limited

Balance Sheet

30 September 2025

	Note	2025 £	30 April 2024 £
Fixed assets
Tangible assets	4	26,708	14,621
Current assets
Stocks		610,603	568,498
Debtors	5	2,942,035	2,396,194
Cash at bank and in hand		1,136,511	3,951,955
		4,689,149	6,916,647
Creditors: Amounts falling due within one year	6	(65,999)	(2,669,945)
Net current assets		4,623,150	4,246,702
Total assets less current liabilities		4,649,858	4,261,323
Provisions for liabilities		(6,250)	(3,655)
Net assets		4,643,608	4,257,668
Capital and reserves
Called up share capital	7	500	500
Capital redemption reserve		500	500
Profit and loss account		4,642,608	4,256,668
Shareholders' funds		4,643,608	4,257,668

Importas Limited

Balance Sheet

30 September 2025

For the financial period ending 30 September 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 27 January 2026
 

......................................... R J Davey Director

Company Registration Number: 05332499

Importas Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2024 to 30 September 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
9 Estuary Court
Teignmouth
Devon
TQ14 9FA

These financial statements were authorised for issue by the director on 27 January 2026.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements.

In the opinion of the directors, the company has sufficient working capital within existing facilities to continue to trade for the foreseeable future, and therefore the financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Foreign currency transactions and balances

Transactions in foreign currencies are initially recorded at the functional currency rate prevailing at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated into the respective functional currency of the entity at the rates prevailing on the reporting period date.

Importas Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2024 to 30 September 2025

Tax

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Furniture, fittings and equipment	25% straight line
Motor vehicles	25% straight line

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.

The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

Importas Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2024 to 30 September 2025

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Bank loans; and
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 6 (2024 - 0).

Importas Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2024 to 30 September 2025

4	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 May 2024	54,975	6,000	60,975
Additions	8,450	20,500	28,950
Disposals	(10,026)	-	(10,026)
At 30 September 2025	53,399	26,500	79,899
Depreciation
At 1 May 2024	44,855	1,499	46,354
Charge for the period	7,478	9,385	16,863
Eliminated on disposal	(10,026)	-	(10,026)
At 30 September 2025	42,307	10,884	53,191
Carrying amount
At 30 September 2025	11,092	15,616	26,708
At 30 April 2024	10,120	4,501	14,621

5

Debtors

	2025 £	2024 £
Trade debtors	1,569,571	2,247,895
Prepayments	13,278	12,727
Other debtors	1,359,186	135,572
	2,942,035	2,396,194

Importas Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2024 to 30 September 2025

6

Creditors

Creditors: amounts falling due within one year

	2025 £	2024 £
Due within one year
Trade creditors	41,793	1,835,378
Taxation and social security	7,942	549,260
Accruals and deferred income	14,690	10,780
Other creditors	1,574	274,527
	65,999	2,669,945

7	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	500	500	500	500

8	Related party transactions

Transactions with the director

2025	At 1 May 2024 £	Advances to director £	Repayments by director £	At 30 September 2025 £
R J Davey
Advances made and repayable on demand. Interest has been charged at the official rate.	131,559	1,315,048	(337,898)	1,108,709

2024	At 1 May 2023 £	Advances to director £	Repayments by director £	At 30 April 2024 £
R J Davey
Advances made and repayable on demand. Interest has been charged at the official rate.	121,225	132,504	(122,170)	131,559

Importas Limited

Notes to the Unaudited Financial Statements

Period from 1 May 2024 to 30 September 2025

Summary of transactions with other related parties

Clearwater (Services) LLP A partnership in which the directors are partners.
During the year Clearwater (Services) LLP charged management charges to the company totalling £773,598 (2024 - £756,786).