Company Registration No. 8624115 (England and Wales)
IMAGE APPAREL LTD
Unaudited accounts
for the year ended 31 December 2022
IMAGE APPAREL LTD
Unaudited accounts
Contents
IMAGE APPAREL LTD
Company Information
for the year ended 31 December 2022
Directors
Kadir Canbakan
Aaron James St Denis
Hayrettin Yildirim
Kadir Fatih Yildirim
Company Number
8624115 (England and Wales)
Registered Office
10-10a Market Street
Mansfield
Nottinghamshire
NG18 1JG
Accountants
BFS Accountants Ltd
The Willows
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ
IMAGE APPAREL LTD
Statement of financial position
as at 31 December 2022
Tangible assets
155,242
154,796
Cash at bank and in hand
17,339
52,562
Creditors: amounts falling due within one year
(159,691)
(78,433)
Net current liabilities
(108,549)
(10,432)
Total assets less current liabilities
46,693
144,364
Creditors: amounts falling due after more than one year
-
(97,547)
Called up share capital
1,000
1,000
Profit and loss account
45,693
45,817
Shareholders' funds
46,693
46,817
For the year ending 31 December 2022 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 28 September 2023 and were signed on its behalf by
Aaron James St Denis
Director
Company Registration No. 8624115
IMAGE APPAREL LTD
Notes to the Accounts
for the year ended 31 December 2022
IMAGE APPAREL LTD is a private company, limited by shares, registered in England and Wales, registration number 8624115. The registered office is 10-10a Market Street, Mansfield , Nottinghamshire, NG18 1JG.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents the value, net of VAT and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
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Tangible fixed assets
Land & buildings
Plant & machinery
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 January 2022
150,000
8,790
1,669
6,125
166,584
At 31 December 2022
150,000
9,236
1,669
6,125
167,030
At 1 January 2022
-
8,791
559
2,438
11,788
At 31 December 2022
-
8,791
559
2,438
11,788
At 31 December 2022
150,000
445
1,110
3,687
155,242
At 31 December 2021
150,000
(1)
1,110
3,687
154,796
IMAGE APPAREL LTD
Notes to the Accounts
for the year ended 31 December 2022
Amounts falling due within one year
Trade debtors
17,858
2,044
Accrued income and prepayments
4,045
1,495
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Creditors: amounts falling due within one year
2022
2021
Bank loans and overdrafts
95,545
21,739
Taxes and social security
32,987
10,438
Other creditors
20,476
31,381
Loans from directors
5,201
3,413
7
Creditors: amounts falling due after more than one year
2022
2021
Taxes and social security
-
7,355
Allotted, called up and fully paid:
1,000 Ordinary shares of £1 each
1,000
1,000
9
Average number of employees
During the year the average number of employees was 9 (2021: 9).