Integral Management Group Resources Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04891410 (England and Wales)

Financial Statements for the Period 1 August 2020 to 31 March 2021

for

Integral Management Group Resources

Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

S A Kaye

REGISTERED OFFICE:

67 Westow Street

Upper Norwood

London

SE19 3RW

REGISTERED NUMBER:

04891410 (England and Wales)

ACCOUNTANTS:

Thornton Springer LLP

Chartered Accountants

67 Westow Street

London

SE19 3RW

FIXED ASSETS

Tangible assets

4

551,159

551,391

CREDITORS

Amounts falling due within one year

5

(216,616

)

(202,165

)

NET CURRENT LIABILITIES

(216,616

)

(202,165

)

TOTAL ASSETS LESS CURRENT LIABILITIES

334,543

349,226

CREDITORS

Amounts falling due after more than one year

6

(247,383

)

(260,527

)

PROVISIONS FOR LIABILITIES

(8,747

)

(8,747

)

NET ASSETS

78,413

79,952

CAPITAL AND RESERVES

Called up share capital

31,998

31,998

Share premium

38,961

38,961

Non distributable reserves

211,225

211,225

Retained earnings

(203,771

)

(202,232

)

SHAREHOLDERS' FUNDS

78,413

79,952

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 13 January 2022 and were signed by:

S A Kaye - Director

1.	STATUTORY INFORMATION

Integral Management Group Resources Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the recognition of certain financial assets and liabilities measured at fair value.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred 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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2020 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST OR VALUATION

At 1 August 2020

and 31 March 2021

550,000

57,503

607,503

DEPRECIATION

At 1 August 2020

-

56,112

56,112

Charge for period

-

232

232

At 31 March 2021

-

56,344

56,344

NET BOOK VALUE

At 31 March 2021

550,000

1,159

551,159

At 31 July 2020

550,000

1,391

551,391

Cost or valuation at 31 March 2021 is represented by:

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

Valuation in 2015

330,028

-

330,028

Cost

219,972

57,503

277,475

550,000

57,503

607,503

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.21

31.7.20

£

£

Bank loans and overdrafts

30,000

30,000

Other creditors

186,616

172,165

216,616

202,165

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.21

31.7.20

£

£

Bank loans

247,383

260,527

31.3.21

31.7.20

£

£

Amounts falling due in more than five years:

Repayable by instalments

Bank loans over 5 years by instalments

247,383

260,527