Infrastructure and Utility Management Services Ltd

Infrastructure and Utility Management Services Ltd

INFRASTRUCTURE AND UTILITY MANAGEMENT SERVICES LTD - Company Information

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1 February 2022 false No description of principal activity Taxfiler 2023.3 07926416business:PrivateLimitedCompanyLtd2022-02-012023-01-31 079264162022-01-31 079264162022-02-012023-01-31 07926416business:AuditExemptWithAccountantsReport2022-02-012023-01-31 07926416business:FullAccounts2022-02-012023-01-31 079264162023-01-31 079264162022-01-31 07926416core:WithinOneYear2023-01-31 07926416core:WithinOneYear2022-01-31 07926416core:ShareCapital2023-01-31 07926416core:ShareCapital2022-01-31 07926416core:RetainedEarningsAccumulatedLosses2023-01-31 07926416core:RetainedEarningsAccumulatedLosses2022-01-31 07926416business:SmallEntities2022-02-012023-01-31 07926416business:Director12022-02-012023-01-31 07926416countries:EnglandWales2022-02-012023-01-31 07926416business:RegisteredOffice2022-02-012023-01-31 07926416core:PlantMachinery2022-02-012023-01-31 07926416core:MotorVehicles2022-02-012023-01-31 07926416core:ComputerEquipment2022-02-012023-01-31 07926416core:PlantMachinery2022-01-31 07926416core:MotorVehicles2022-01-31 07926416core:ComputerEquipment2022-01-31 07926416core:PlantMachinery2023-01-31 07926416core:MotorVehicles2023-01-31 07926416core:ComputerEquipment2023-01-31 07926416core:AcceleratedTaxDepreciationDeferredTax2023-01-31 07926416core:AcceleratedTaxDepreciationDeferredTax2022-01-31 079264162021-01-31 079264162021-02-012022-01-31 07926416business:OrdinaryShareClass12022-02-012023-01-31 07926416business:OrdinaryShareClass12021-02-012022-01-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 07926416 (England and Wales)
Infrastructure and Utility Management Services Ltd Unaudited accounts for the year ended 31 January 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Infrastructure and Utility Management Services Ltd for the year ended 31 January 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Infrastructure and Utility Management Services Ltd for the year ended 31 January 2023 as set out on pages 3 - 6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Infrastructure and Utility Management Services Ltd, as a body, in accordance with the terms of our engagement letter dated 20 October 2020. Our work has been undertaken solely to prepare for your approval the accounts of Infrastructure and Utility Management Services Ltd and state those matters that we have agreed to state to the Board of Directors of Infrastructure and Utility Management Services Ltd, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Infrastructure and Utility Management Services Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Infrastructure and Utility Management Services Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Infrastructure and Utility Management Services Ltd. You consider that Infrastructure and Utility Management Services Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Infrastructure and Utility Management Services Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
RJ Wilber Ltd Chartered Accountants 28 High Street Bidford on Avon Alcester Warwickshire B50 4AA 3 March 2023
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Infrastructure and Utility Management Services Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
4
47,793 
12,172 
Investments
5
15,000 
15,000 
62,793 
27,172 
Current assets
Debtors
6
16,614 
14,815 
Cash at bank and in hand
49,274 
70,491 
65,888 
85,306 
Creditors: amounts falling due within one year
7
(11,285)
(10,669)
Net current assets
54,603 
74,637 
Net assets
117,396 
101,809 
Capital and reserves
Called up share capital
9
2,000 
2,000 
Profit and loss account
115,396 
99,809 
Shareholders' funds
117,396 
101,809 
For the year ending 31 January 2023 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 directors acknowledge their 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 of Directors and authorised for issue on 16 March 0202 and were signed on its behalf by
John Meehan Director Company Registration No. 07926416
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Infrastructure and Utility Management Services Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Infrastructure and Utility Management Services Ltd is a private company, limited by shares, registered in England and Wales, registration number 07926416. The registered office is Office 4 , 219 Kensington High Street, Kensington, London, W8 6BD, United Kingdom.
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.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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 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
20% Straight Line
Motor vehicles
20% Reducing Balance
Computer equipment
20% Reducing Balance
Government grants
Government grants in relation to tangible fixed assets are credited to profit and loss account over the useful lives of the related assets, whereas those in relation to expenditure are credited when the expenditure is charged to profit and loss.
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Infrastructure and Utility Management Services Ltd Notes to the Accounts for the year ended 31 January 2023
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 February 2022
- 
35,520 
9,964 
45,484 
Additions
1,819 
47,825 
- 
49,644 
Disposals
- 
(35,520)
(2,007)
(37,527)
At 31 January 2023
1,819 
47,825 
7,957 
57,601 
Depreciation
At 1 February 2022
- 
26,209 
7,103 
33,312 
Charge for the year
61 
4,585 
572 
5,218 
On disposals
- 
(27,605)
(1,117)
(28,722)
At 31 January 2023
61 
3,189 
6,558 
9,808 
Net book value
At 31 January 2023
1,758 
44,636 
1,399 
47,793 
At 31 January 2022
- 
9,311 
2,861 
12,172 
5
Investments
Other investments 
£ 
Valuation at 1 February 2022
15,000 
Valuation at 31 January 2023
15,000 
6
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
11,774 
11,460 
Deferred tax asset
3,655 
2,313 
Accrued income and prepayments
1,185 
1,042 
16,614 
14,815 
7
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
7,683 
3,910 
Taxes and social security
2,758 
1,983 
Loans from directors
- 
3,957 
Accruals
844 
819 
11,285 
10,669 
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Infrastructure and Utility Management Services Ltd Notes to the Accounts for the year ended 31 January 2023
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
(3,655)
(2,313)
2023 
2022 
£ 
£ 
Provision at start of year
(2,313)
(2,545)
(Credited)/charged to the profit and loss account
(1,342)
232 
Provision at end of year
(3,655)
(2,313)
9
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
2,000 Ordinary shares of £1 each
2,000 
2,000 
10
Average number of employees
During the year the average number of employees was 2 (2022: 2).
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