IMS SOUTH YORKSHIRE LIMITED - Filleted accounts

IMS SOUTH YORKSHIRE LIMITED
Registered number:		05181373
Balance Sheet
as at 31 July 2026

Notes			2026			2025
£				£
Fixed assets
Tangible assets	3		1,897			1,270

Current assets
Stocks		1,180			1,120
Debtors	4	366,570			67,342
Cash at bank and in hand		4,213			246,935
		371,963			315,397

Creditors: amounts falling due within one year	5	(117,507)			(130,668)

Net current assets			254,456			184,729

Total assets less current liabilities			256,353			185,999


Provisions for liabilities			(360)			(241)


Net assets			255,993			185,758

Capital and reserves
Called up share capital			2			2
Profit and loss account			255,991			185,756

Shareholder's funds			255,993			185,758

The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




G Wainwright
Director
Approved by the board on 19 August 2026

IMS SOUTH YORKSHIRE LIMITED
Notes to the Accounts
for the year ended 31 July 2026


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
	Computer equipment	straight line over 4 years
	Fixtures and equipment	10% written down value

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.


2	Employees			2026		2025
Number					Number

	Average number of persons employed by the company			3		2


3	Tangible fixed assets
		Fixtures and equipment		Computer equipment		Total
£			£		£
	Cost
	At 1 August 2025	4,711		2,712		7,423
	Additions	1,037		-		1,037
	At 31 July 2026	5,748		2,712		8,460

	Depreciation
	At 1 August 2025	3,889		2,264		6,153
	Charge for the year	186		224		410
	At 31 July 2026	4,075		2,488		6,563

	Net book value
	At 31 July 2026	1,673		224		1,897
	At 31 July 2025	822		448		1,270




4	Debtors			2026		2025
£					£

	Trade debtors			62,708		62,570
	Other debtors			303,862		4,772
				366,570		67,342


5	Creditors: amounts falling due within one year			2026		2025
£					£

	Trade creditors			27,739		24,796
	Corporation tax			43,281		59,702
	Other taxes and social security costs			10,473		6,396
	Other creditors			36,014		39,774
				117,507		130,668


6	Other information

	IMS SOUTH YORKSHIRE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	105 Redbrook Road
	Barnsley
	South Yorkshire
	S75 2RG