Industrial Mechanical Air-Conditioning General Engineers Limited Filleted accounts for Companies House (small and micro)

INDUSTRIAL MECHANICAL AIR-CONDITIONING GENERAL ENGINEERS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 02862862

INDUSTRIAL MECHANICAL AIR-CONDITIONING GENERAL ENGINEERS LIMITED

FILLETED UNAUDITED FINANCIAL STATEMENTS

31 October 2018

INDUSTRIAL MECHANICAL AIR-CONDITIONING GENERAL ENGINEERS LIMITED

FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2018

CONTENTS	PAGES

Statement of financial position	1

Notes to the financial statements	2 to 3

INDUSTRIAL MECHANICAL AIR-CONDITIONING GENERAL ENGINEERS LIMITED

STATEMENT OF FINANCIAL POSITION

31 October 2018

	2018	2017
Note	£	£

Current assets

Debtors	4	49,071	49,071
Cash at bank and in hand		11,705	11,705
		--------	--------
		60,776	60,776

Creditors: amounts falling due within one year	5	( 56,586)	( 56,586)
		--------	--------
Net current assets		4,190	4,190
		-------	-------
Total assets less current liabilities		4,190	4,190
		-------	-------
Net assets		4,190	4,190
		-------	-------

Capital and reserves

Called up share capital	1,000	1,000
Revaluation reserve	3,190	3,190
	-------	-------
Shareholders funds	4,190	4,190
	-------	-------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the year ending 31 October 2018 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 financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 19 July 2019 , and are signed on behalf of the board by:

D J Cheshire
Director

Company registration number: 02862862

INDUSTRIAL MECHANICAL AIR-CONDITIONING GENERAL ENGINEERS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 OCTOBER 2018

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Cheshire House, Murhall Street, Burslem, Stoke-on-Trent, ST6 4BL.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.

Judgements and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

4. Debtors

	2018	2017
	£	£
Trade debtors	46,614	46,614
Amounts owed by group undertakings and undertakings in which the company has a participating interest	28	28
Other debtors	2,429	2,429
	--------	--------
	49,071	49,071
	--------	--------

5. Creditors: amounts falling due within one year

	2018	2017
	£	£
Amounts owed to group undertakings and undertakings in which the company has a participating interest	56,286	56,286
Other creditors	300	300
	--------	--------
	56,586	56,586
	--------	--------

6. Controlling party

Quantum Holdings Inc Limited is the company's ultimate parent undertaking. The parent undertaking's registered office is Cheshire House, Murhall Street, Burslem, Stoke on Trent, Staffs, ST6 4BL. The address of the principal place of business is Cheshire House, Murhall Street, Burlsem, Stoke on Trent, Staffs, ST6 4BL.