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REGISTERED NUMBER: 04399570 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

FOR

IMAGE EVOLUTION LIMITED

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMAGE EVOLUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: Mr P S Dale
Mr P S Jeffcoate
Mr J C Piggot





SECRETARY: Mr P S Jeffcoate





REGISTERED OFFICE: Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF





REGISTERED NUMBER: 04399570 (England and Wales)





ACCOUNTANTS: Stoten Gillam Limited
Chartered Accountants
Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

BALANCE SHEET
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 117,780 36,578

CURRENT ASSETS
Stocks - 3,018
Debtors 5 304,762 181,707
Cash at bank and in hand 40,765 154,314
345,527 339,039
CREDITORS
Amounts falling due within one year 6 201,637 244,880
NET CURRENT ASSETS 143,890 94,159
TOTAL ASSETS LESS CURRENT
LIABILITIES

261,670

130,737

PROVISIONS FOR LIABILITIES 22,378 6,950
NET ASSETS 239,292 123,787

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 236,292 120,787
SHAREHOLDERS' FUNDS 239,292 123,787

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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.

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

BALANCE SHEET - continued
31 DECEMBER 2021


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 Board of Directors and authorised for issue on 7 July 2022 and were signed on its behalf by:




Mr P S Jeffcoate - Director Mr P S Dale - Director




Mr J C Piggot - Director


IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021


1. STATUTORY INFORMATION

Image Evolution 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
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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates on cost
Computer equipment - at varying rates on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 5 (2020 - 5 ) .

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 807,382
Additions 96,398
At 31 December 2021 903,780
DEPRECIATION
At 1 January 2021 770,804
Charge for year 15,196
At 31 December 2021 786,000
NET BOOK VALUE
At 31 December 2021 117,780
At 31 December 2020 36,578

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2021
and 31 December 2021 376,000
DEPRECIATION
At 1 January 2021
and 31 December 2021 375,999
NET BOOK VALUE
At 31 December 2021 1
At 31 December 2020 1

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021


5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 291,233 147,520
Factoring account (1,501 ) 16,581
Intl factoring account 22 14,582
Prepayments and accrued income 15,008 3,024
304,762 181,707

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Bank loans and overdrafts - 100,000
Hire purchase contracts - 17,021
Trade creditors 50,478 22,512
Taxation and social security 146,249 100,837
Other creditors 4,910 4,510
201,637 244,880

7. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans - 100,000
Hire purchase contracts - 17,021
- 117,021