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REGISTERED NUMBER: 11741010 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

IMG Connect Ltd

IMG Connect Ltd (Registered number: 11741010)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


IMG Connect Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: M Garrett Anderson
R Mackay





REGISTERED OFFICE: Shoreditch Exchange
Senna Building
Gorsuch Place
London
E2 8JF





REGISTERED NUMBER: 11741010 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

IMG Connect Ltd (Registered number: 11741010)

Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,165 5,072

CURRENT ASSETS
Debtors 5 202,758 120,412
Cash at bank 111,452 51,091
314,210 171,503
CREDITORS
Amounts falling due within one year 6 135,676 75,239
NET CURRENT ASSETS 178,534 96,264
TOTAL ASSETS LESS CURRENT
LIABILITIES

184,699

101,336

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 184,698 101,335
184,699 101,336

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

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 22 February 2024 and were signed on its behalf by:





M Garrett Anderson - Director


IMG Connect Ltd (Registered number: 11741010)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

IMG Connect Ltd 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.

Revenue is recognised for permanent placements at the point in time the candidate commences employment. Revenue is recognised for temporary placements at the point in time that temporary workers are provided and continues through the duration of the placement.

Tangible fixed assets
Tangible fixed assets are are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and Fittings - 33% on cost
Computer Equipment - 33% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

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 10 (2022 - 6 ) .

IMG Connect Ltd (Registered number: 11741010)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2023 614 7,567 8,181
Additions 483 4,010 4,493
At 31 December 2023 1,097 11,577 12,674
DEPRECIATION
At 1 January 2023 159 2,950 3,109
Charge for year 175 3,225 3,400
At 31 December 2023 334 6,175 6,509
NET BOOK VALUE
At 31 December 2023 763 5,402 6,165
At 31 December 2022 455 4,617 5,072

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 190,785 113,188
Other debtors 11,973 7,224
202,758 120,412

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 2,444 2,028
Taxation and social security 120,060 57,869
Other creditors 13,172 15,342
135,676 75,239

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.23 31.12.22
£    £   
Within one year 19,992 68,000

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £10,963 (2021: £14,045) due and payable from directors. The loan is interest free and repayable on demand.