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Company Registration No. 11173599 (England and Wales)
Imperial Team Ltd Unaudited accounts for the year ended 31 January 2023
Imperial Team Ltd Unaudited accounts Contents
Page
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Imperial Team Ltd Company Information for the year ended 31 January 2023
Directors
David Elbaz Tsahi Ackenazi
Company Number
11173599 (England and Wales)
Registered Office
1st Floor, Enterprise House 2 The Crest London NW4 2HN United Kingdom
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Imperial Team Ltd Statement of financial position as at 31 January 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
23,287 
43,326 
Current assets
Inventories
12,500 
12,500 
Debtors
66,043 
48,341 
Cash at bank and in hand
2,025 
7,976 
80,568 
68,817 
Creditors: amounts falling due within one year
(74,395)
(59,324)
Net current assets
6,173 
9,493 
Total assets less current liabilities
29,460 
52,819 
Creditors: amounts falling due after more than one year
(45,865)
(41,585)
Net (liabilities)/assets
(16,405)
11,234 
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(16,407)
11,232 
Shareholders' funds
(16,405)
11,234 
For the year ending 31 January 2023 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 12 April 2023 and were signed on its behalf by
David Elbaz Director Company Registration No. 11173599
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Imperial Team Ltd Notes to the Accounts for the year ended 31 January 2023
1
Statutory information
Imperial Team Ltd is a private company, limited by shares, registered in England and Wales, registration number 11173599. The registered office is 1st Floor, Enterprise House, 2 The Crest, London, NW4 2HN, United Kingdom.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25%
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 February 2022
86,112 
At 31 January 2023
86,112 
Depreciation
At 1 February 2022
42,786 
Charge for the year
20,039 
At 31 January 2023
62,825 
Net book value
At 31 January 2023
23,287 
At 31 January 2022
43,326 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
66,043 
48,341 
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Imperial Team Ltd Notes to the Accounts for the year ended 31 January 2023
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
7,467 
7,544 
VAT
25,088 
- 
Trade creditors
15,842 
43,753 
Taxes and social security
23,532 
8,027 
Other creditors
2,466 
- 
74,395 
59,324 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
30,616 
41,585 
Obligations under finance leases and hire purchase contracts
15,249 
- 
45,865 
41,585 
8
Average number of employees
During the year the average number of employees was 0 (2022: 0).
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