IRM Mobility Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 04006870 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 May 2019

for

IRM Mobility Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

6

DIRECTORS:

A P Caldecott

M C Caldecott

R Holloway

S A Hyett

SECRETARY:

Mrs O E A Caldecott

REGISTERED OFFICE:

Units 1 & 2 Armstrong Court

Armstrong Way

Yate

Bristol

BS37 5NG

REGISTERED NUMBER:

04006870 (England and Wales)

ACCOUNTANTS:

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

FIXED ASSETS

Tangible assets

4

22,543

18,418

CURRENT ASSETS

Stocks

112,351

113,235

Debtors

5

119,600

126,767

Cash at bank and in hand

7,295

46,707

239,246

286,709

CREDITORS

Amounts falling due within one year

6

67,972

109,101

NET CURRENT ASSETS

171,274

177,608

TOTAL ASSETS LESS CURRENT LIABILITIES

193,817

196,026

PROVISIONS FOR LIABILITIES

3,973

3,122

NET ASSETS

189,844

192,904

CAPITAL AND RESERVES

Called up share capital

1,000

1,000

Retained earnings

188,844

191,904

SHAREHOLDERS' FUNDS

189,844

192,904

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 11 September 2019 and were signed on its behalf by:

M C Caldecott - Director

1.	STATUTORY INFORMATION

IRM Mobility Ltd 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

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 historical cost convention.

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.

Plant and machinery

-

25% on reducing balance

Motor vehicles

-

25% on reducing balance

Computer equipment

-

25% on 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are

charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2018 - 9 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Motor

Computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 June 2018

2,397

47,179

25,379

74,955

Additions

-

11,640

-

11,640

At 31 May 2019

2,397

58,819

25,379

86,595

DEPRECIATION

At 1 June 2018

849

32,360

23,328

56,537

Charge for year

387

6,615

513

7,515

At 31 May 2019

1,236

38,975

23,841

64,052

NET BOOK VALUE

At 31 May 2019

1,161

19,844

1,538

22,543

At 31 May 2018

1,548

14,819

2,051

18,418

5.

DEBTORS

2019

2018

£

£

Amounts falling due within one year:

Trade debtors

42,453

81,017

Other debtors

7,437

7,161

49,890

88,178

Amounts falling due after more than one year:

Amounts owed by group undertakings

69,710

38,589

Aggregate amounts

119,600

126,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2019

2018

£

£

Hire purchase contracts

-

275

Trade creditors

56,309

85,648

Taxation and social security

1,680

14,412

Other creditors

9,983

8,766

67,972

109,101

7.	RELATED PARTY DISCLOSURES

During the year the company paid £38,717, (2018 £42,715), in respect of management charges to IRM Bristol Limited, a

company owning 60% of the share capital of IRM Mobility Limited.

The company also paid £12,500, (2018 £12,500), in rent to IRM Properties Limited, a company under the control of M

Caldecott, a director of IRM Mobility Limited.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are

not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of IRM Mobility Ltd for the year ended 31 May 2019 which comprise the Income Statement, Balance Sheet and the

related notes 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 within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of IRM Mobility Ltd, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of IRM Mobility Ltd and state those matters that we have agreed to state to the Board of Directors of IRM Mobility Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IRM Mobility Ltd and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that IRM Mobility Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of IRM Mobility Ltd. You consider that IRM Mobility 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 financial statements of IRM Mobility 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 financial statements.

Derek J Stenner Ltd

The Mews

Hounds Road

Chipping Sodbury

Bristol

BS37 6EE

Date: .............................................