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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
Page
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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
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IMAGE APPAREL LTD Statement of financial position as at 31 December 2022
2022 
2021 
Notes
£ 
£ 
Fixed assets
Tangible assets
155,242 
154,796 
Current assets
Inventories
11,900 
11,900 
Debtors
21,903 
3,539 
Cash at bank and in hand
17,339 
52,562 
51,142 
68,001 
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)
Net assets
46,693 
46,817 
Capital and reserves
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
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IMAGE APPAREL LTD Notes to the Accounts for the year ended 31 December 2022
1
Statutory information
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.
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 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:
Plant & machinery
4 Years
4
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 
Additions
- 
446 
- 
- 
446 
At 31 December 2022
150,000 
9,236 
1,669 
6,125 
167,030 
Depreciation
At 1 January 2022
- 
8,791 
559 
2,438 
11,788 
At 31 December 2022
- 
8,791 
559 
2,438 
11,788 
Net book value
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 
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IMAGE APPAREL LTD Notes to the Accounts for the year ended 31 December 2022
5
Debtors
2022 
2021 
£ 
£ 
Amounts falling due within one year
Trade debtors
17,858 
2,044 
Accrued income and prepayments
4,045 
1,495 
21,903 
3,539 
6
Creditors: amounts falling due within one year
2022 
2021 
£ 
£ 
Bank loans and overdrafts
95,545 
21,739 
VAT
2,800 
993 
Trade creditors
261 
8,048 
Taxes and social security
32,987 
10,438 
Other creditors
20,476 
31,381 
Loans from directors
5,201 
3,413 
Accruals
2,421 
2,421 
159,691 
78,433 
7
Creditors: amounts falling due after more than one year
2022 
2021 
£ 
£ 
Bank loans
- 
90,192 
Taxes and social security
- 
7,355 
- 
97,547 
8
Share capital
2022 
2021 
£ 
£ 
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).
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