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Company Registration No. 10183071 (England and Wales)
I M Accident Repair Centre Ltd Unaudited accounts for the year ended 31 May 2026
I M Accident Repair Centre Ltd Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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I M Accident Repair Centre Ltd Company Information for the year ended 31 May 2026
Director
Ionut Mihalache
Company Number
10183071 (England and Wales)
Registered Office
Cornerways Ludgershall Road Weyhill Andover Hampshire SP11 9AF England
Accountants
RLJB Business Consulting Limited 14 Winchester Road Andover Hampshire SP10 2EG
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I M Accident Repair Centre Ltd Statement of financial position as at 31 May 2026
2026
2025
Notes
£
£
Fixed assets
Tangible assets
4
578,171
420,109
Current assets
Debtors
5
334,262
255,958
Cash at bank and in hand
167,968
181,867
502,230
437,825
Creditors: amounts falling due within one year
6
(405,534)
(444,166)
Net current assets/(liabilities)
96,696
(6,341)
Total assets less current liabilities
674,867
413,768
Creditors: amounts falling due after more than one year
7
(18,473)
(16,533)
Net assets
656,394
397,235
Capital and reserves
Called up share capital
122
122
Share premium
9,378
9,378
Profit and loss account
646,894
387,735
Shareholders' funds
656,394
397,235
For the year ending 31 May 2026 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 26 August 2026 and were signed on its behalf by
Ionut Mihalache Director Company Registration No. 10183071
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I M Accident Repair Centre Ltd Notes to the Accounts for the year ended 31 May 2026
1
Statutory information
I M Accident Repair Centre Ltd is a private company, limited by shares, registered in England and Wales, registration number 10183071. The registered office is Cornerways, Ludgershall Road, Weyhill, Andover, Hampshire, SP11 9AF, 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.
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:
Plant & machinery
10 Years Straight line
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Computer equipment
Total
£
£
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At cost
At cost
At 1 June 2025
100,000
346,860
27,500
1,630
-
475,990
Additions
160,000
19,783
-
1,413
3,591
184,787
At 31 May 2026
260,000
366,643
27,500
3,043
3,591
660,777
Depreciation
At 1 June 2025
-
34,565
20,355
961
-
55,881
Charge for the year
-
19,540
6,785
400
-
26,725
At 31 May 2026
-
54,105
27,140
1,361
-
82,606
Net book value
At 31 May 2026
260,000
312,538
360
1,682
3,591
578,171
At 31 May 2025
100,000
312,295
7,145
669
-
420,109
5
Debtors
2026
2025
£
£
Amounts falling due within one year
Trade debtors
260,661
171,191
Amounts falling due after more than one year
Other debtors
73,601
84,767
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I M Accident Repair Centre Ltd Notes to the Accounts for the year ended 31 May 2026
6
Creditors: amounts falling due within one year
2026
2025
£
£
Bank loans and overdrafts
26,174
92,020
VAT
26,476
(991)
Obligations under finance leases and hire purchase contracts
-
23,487
Trade creditors
175,034
310,381
Taxes and social security
160,205
-
Other creditors
(6,160)
169
Loans from directors
23,805
100
Accruals
-
19,000
405,534
444,166
7
Creditors: amounts falling due after more than one year
2026
2025
£
£
Bank loans
-
1,391
Other creditors
18,473
15,142
18,473
16,533
8
Average number of employees
During the year the average number of employees was 25 (2025: 20).
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