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REGISTERED NUMBER: 09833008 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 October 2023

for

Imperial Global Ltd.

Imperial Global Ltd. (Registered number: 09833008)

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










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Imperial Global Ltd.

Company Information
for the Year Ended 31 October 2023







DIRECTORS: C M Franklin
Mrs J Franklin



REGISTERED OFFICE: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
GL3 3RS



REGISTERED NUMBER: 09833008 (England and Wales)



ACCOUNTANTS: HATS Gloucester Ltd
48 Hucclecote Road
Gloucester
Gloucestershire
GL3 3RS



BANKERS: Barclays Bank Plc
Business Direct
Leicester
LE87 2BB

Imperial Global Ltd. (Registered number: 09833008)

Statement of Financial Position
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 605 180

CURRENT ASSETS
Stocks 15,018 22,834
Debtors 5 114 1,342
Cash at bank 1,174 1,454
16,306 25,630
CREDITORS
Amounts falling due within one year 6 17,014 25,546
NET CURRENT (LIABILITIES)/ASSETS (708 ) 84
TOTAL ASSETS LESS CURRENT
LIABILITIES

(103

)

264

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (104 ) 263
SHAREHOLDERS' FUNDS (103 ) 264

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 February 2024 and were signed on its behalf by:





C M Franklin - Director


Imperial Global Ltd. (Registered number: 09833008)

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


1. STATUTORY INFORMATION

Imperial Global 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Going concern
The financial statements have been prepared on a going concern basis despite net current liabilities of £708. The directors have reviewed the future cash flows of the business and deem the going concern basis of preparation to be appropriate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

Imperial Global Ltd. (Registered number: 09833008)

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


4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
Cost
At 1 November 2022 1,803
Additions 772
Disposals (833 )
At 31 October 2023 1,742
Depreciation
At 1 November 2022 1,623
Charge for year 347
Eliminated on disposal (833 )
At 31 October 2023 1,137
Net book value
At 31 October 2023 605
At 31 October 2022 180

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Other debtors 114 1,342

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Taxation and social security 697 2,618
Other creditors 16,317 22,928
17,014 25,546

7. RELATED PARTY DISCLOSURES

The directors, Mr C M Franklin and Mrs J Franklin, have loaned funds to the company. On 31 October 2023 £13,761 remains outstanding (2022 - £21,861).

The loan, included within other creditors, is interest free and repayable on demand.