Registered number
07579548
Imajeo Limited
Unaudited Filleted Accounts
31 March 2023
Imajeo Limited
Registered number: 07579548
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 4,958 6,369
Current assets
Debtors 4 68,946 12,088
Cash at bank and in hand 31,322 45,608
100,268 57,696
Creditors: amounts falling due within one year 5 (34,665) (9,157)
Net current assets 65,603 48,539
Total assets less current liabilities 70,561 54,908
Creditors: amounts falling due after more than one year 6 (18,950) (25,532)
Net assets 51,611 29,376
Capital and reserves
Called up share capital 20 20
Profit and loss account 51,591 29,356
Shareholders' funds 51,611 29,376
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ben Schofield
Director
Approved by the board on 22 November 2023
Imajeo Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" 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 cost convention.
Turnover
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Tangible fixed assets
Tangible fixed assets are measured at cost less cumulative depreciation and any cumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 25% reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 April 2022 17,627 6,295 23,922
Additions 242 - 242
At 31 March 2023 17,869 6,295 24,164
Depreciation
At 1 April 2022 16,373 1,180 17,553
Charge for the year 374 1,279 1,653
At 31 March 2023 16,747 2,459 19,206
Net book value
At 31 March 2023 1,122 3,836 4,958
At 31 March 2022 1,254 5,115 6,369
4 Debtors 2023 2022
£ £
Trade debtors 27,664 6,089
Other debtors 41,282 5,999
68,946 12,088
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 383 445
Corporation tax 23,867 3,943
Other taxes and social security costs 8,445 1,098
Other creditors 1,970 3,671
34,665 9,157
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 18,950 25,532
7 Other information
Imajeo Limited is a private company limited by shares and incorporated in England. Its registered office is:
2 Hinksey Court
Church Way
Oxford
Oxfordshire
OX2 9SX
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