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IDEAL ACCIDENT CLAIMS MANAGEMENT LIMITED - Company Information

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Ideal Accident Claims Management Ltd

Registered Number:06970089

For the year ended 30 June 2024

England and Wales

Unaudited Financial Statements

For the year ended 30 June 2024

Ideal Accident Claims Management Ltd

Contents Page

Statement of Financial Position

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Notes to the Financial Statements

Registered Number :

06970089

As at 30 June 2024

Ideal Accident Claims Management Ltd

Statement of Financial Position

2023

2024

Notes

Fixed assets

Property, plant and equipment

111,489

149,147

111,489

149,147

Current assets

Trade and other receivables

21,724

14,156

2,659

Cash and cash equivalents

457

14,613

24,383

Trade and other payables: amounts falling due within one

year

(89,625)

(81,271)

(65,242)

(66,658)

Net current liabilities

Total assets less current liabilities

44,831

83,905

Trade and other payables: amounts falling due after more

than one year

(107,095)

(91,577)

(46,746)

Net liabilities

(23,190)

Capital and reserves

Called up share capital

100

Retained earnings

(46,846)

(23,290)

(46,746)

(23,190)

Shareholders' funds

For the year ended 30 June 2024 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 of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006

The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section

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.

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

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Mr A Kumar Director

These financial statements were approved and authorised for issue by the Board on 03 February 2025 and were signed by:

The notes form part of these financial statements

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For the year ended 30 June 2024

Ideal Accident Claims Management Ltd

Notes to the Financial Statements

Statutory Information

Ideal Accident Claims Management Ltd is a private limited company, limited by shares, domiciled in England and

Wales, registration number 06970089.

Registered address:

Ground Floor

464 Uxbridge Road

Hayes, Middlesex

UB4 0SD

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 ''The Financial Reporting Standard applicable in the UK and Republic of Ireland'' and the

Companies Act 2006. The financial statements have been prepared under the historical costs convention as

modified by the revaluation of certain assets.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax or other similar sales taxes.

Property, plant and equipment

Property, plant and equipment, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

10 Straight line

Motor Vehicles

10 Straight line

Furniture and Fittings

2. Trade and other receivables

2023

2024

Trade debtors

14,156

Other debtors

7,568

21,724

14,156

3. Trade and other payables: amounts falling due within one year

2023

2024

Bank loans and overdraft

19,959

18,955

Trade creditors

13,362

14,886

Taxation and social security

38,807

38,990

Other creditors

9,143

16,794

81,271

89,625

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For the year ended 30 June 2024

Ideal Accident Claims Management Ltd

Notes to the Financial Statements Continued

4. Trade and other payables: amounts falling due after more than one year

2023

2024

Bank loans and overdraft

91,577

107,095

5. Average number of persons employed

During the year the average number of employees was 3 (2023 : 3)

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