Company registration number: 04293316
Unaudited financial statements
for the year ended 31 March 2025
for
Industrial Motors And Gears Limited
Pages for filing with the Registrar
Company registration number: 04293316
Industrial Motors And Gears Limited
Balance sheet
as at 31 March 2025
2025 2024
Note £ £ £ £
Fixed assets
Tangible assets 4 46,969 53,526
46,969 53,526
Current assets
Stocks 214,567 241,107
Debtors 192,934 164,998
Cash at bank and in hand 283,439 342,908
690,940 749,013
Creditors: amounts falling due within one
year 		(152,073) (187,432)
Net current assets 538,867 561,581
Total assets less current liabilities 585,836 615,107
Creditors: Amounts falling due after more
than one year 		(20,000) (30,000)
NET ASSETS 565,836 585,107
Capital and reserves
Called up share capital 1,000 1,000
Profit and loss account 564,836 584,107
TOTAL EQUITY 565,836 585,107
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 31 March 2025.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 04293316
Industrial Motors And Gears Limited
Balance sheet - continued
as at 31 March 2025
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
In accordance with Section 444 of the Companies Act 2006, the Profit and loss account has not been delivered to the Registrar.
These financial statements were approved by the Board of directors and authorised for issue on 20 November 2025 and signed on its behalf by:
N Waddington, Director Mr P Worthy, Director
20 November 2025 20 November 2025
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Industrial Motors And Gears Limited
Notes to the financial statements
for the year ended 31 March 2025
1 Company information
Industrial Motors And Gears Limited is a private company registered in England and Wales. Its registered number is 04293316. The company is limited by shares. Its registered office is 1c Nelson Court, Middlesbrough, TS6 6BL.
2 Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention.
Going concern
In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the directors take into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The directors consider that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery etc.:
Improvements to property - 0% reducing balance
Plant and machinery - 25% reducing balance
Motor vehicles - 25% reducing balance
Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
Work in progress is valued at the lower of cost and net realisable value. Cost is calculated using the first -in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.
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Industrial Motors And Gears Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
2 Accounting policies - continued
Taxation
Taxation for the year comprises current taxation. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
3 Average number of employees
During the year the average number of employees was 8 (2024 - 8).
4 Tangible fixed assets
Plant and
machinery
etc.
£
Cost
At 1 April 2024 257,874
Additions 4,300
Disposals (600)
At 31 March 2025 261,574
Depreciation
At 1 April 2024 204,348
Charge for year 10,257
At 31 March 2025 214,605
Net book value
At 31 March 2025 46,969
At 31 March 2024 53,526
Cost or valuation at 31 March 2025 is represented by:
Plant and
machinery
etc.
£
Valuation in 2025 261,574
Cost -
261,574
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Industrial Motors And Gears Limited
Notes to the financial statements - continued
for the year ended 31 March 2025
4 Tangible fixed assets - continued
If ENTER REVALUED CLASS had not been revalued, it would have been included at the following historical cost:
2025 2024
£ £
Cost 257,874 257,874
Accumulated depreciation 204,348 204,348
5 Guarantees and other financial commitments
None
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