2022-09-012023-08-312023-08-31false06550315IMAGES TYNE AND WEAR LIMITED2024-04-10iso4217:GBPxbrli:pure065503152022-09-01065503152023-08-31065503152022-09-012023-08-31065503152021-09-01065503152022-08-31065503152021-09-012022-08-3106550315bus:SmallEntities2022-09-012023-08-3106550315bus:AuditExempt-NoAccountantsReport2022-09-012023-08-3106550315bus:FullAccounts2022-09-012023-08-3106550315bus:PrivateLimitedCompanyLtd2022-09-012023-08-3106550315core:WithinOneYear2023-08-3106550315core:AfterOneYear2023-08-3106550315core:WithinOneYear2022-08-3106550315core:AfterOneYear2022-08-3106550315core:ShareCapital2023-08-3106550315core:SharePremium2023-08-3106550315core:RevaluationReserve2023-08-3106550315core:OtherReservesSubtotal2023-08-3106550315core:RetainedEarningsAccumulatedLosses2023-08-3106550315core:ShareCapital2022-08-3106550315core:SharePremium2022-08-3106550315core:RevaluationReserve2022-08-3106550315core:OtherReservesSubtotal2022-08-3106550315core:RetainedEarningsAccumulatedLosses2022-08-3106550315core:LandBuildings2023-08-3106550315core:PlantMachinery2023-08-3106550315core:Vehicles2023-08-3106550315core:FurnitureFittings2023-08-3106550315core:OfficeEquipment2023-08-3106550315core:NetGoodwill2023-08-3106550315core:IntangibleAssetsOtherThanGoodwill2023-08-3106550315core:ListedExchangeTraded2023-08-3106550315core:UnlistedNon-exchangeTraded2023-08-3106550315core:LandBuildings2022-08-3106550315core:PlantMachinery2022-08-3106550315core:Vehicles2022-08-3106550315core:FurnitureFittings2022-08-3106550315core:OfficeEquipment2022-08-3106550315core:NetGoodwill2022-08-3106550315core:IntangibleAssetsOtherThanGoodwill2022-08-3106550315core:ListedExchangeTraded2022-08-3106550315core:UnlistedNon-exchangeTraded2022-08-3106550315core:LandBuildings2022-09-012023-08-3106550315core:PlantMachinery2022-09-012023-08-3106550315core:Vehicles2022-09-012023-08-3106550315core:FurnitureFittings2022-09-012023-08-3106550315core:OfficeEquipment2022-09-012023-08-3106550315core:NetGoodwill2022-09-012023-08-3106550315core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3106550315core:ListedExchangeTraded2022-09-012023-08-3106550315core:UnlistedNon-exchangeTraded2022-09-012023-08-3106550315core:MoreThanFiveYears2022-09-012023-08-3106550315core:Non-currentFinancialInstruments2023-08-3106550315core:Non-currentFinancialInstruments2022-08-3106550315dpl:CostSales2022-09-012023-08-3106550315dpl:DistributionCosts2022-09-012023-08-3106550315core:LandBuildings2022-09-012023-08-3106550315core:PlantMachinery2022-09-012023-08-3106550315core:Vehicles2022-09-012023-08-3106550315core:FurnitureFittings2022-09-012023-08-3106550315core:OfficeEquipment2022-09-012023-08-3106550315dpl:AdministrativeExpenses2022-09-012023-08-3106550315core:NetGoodwill2022-09-012023-08-3106550315core:IntangibleAssetsOtherThanGoodwill2022-09-012023-08-3106550315dpl:GroupUndertakings2022-09-012023-08-3106550315dpl:ParticipatingInterests2022-09-012023-08-3106550315dpl:GroupUndertakingscore:ListedExchangeTraded2022-09-012023-08-3106550315core:ListedExchangeTraded2022-09-012023-08-3106550315dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-09-012023-08-3106550315core:UnlistedNon-exchangeTraded2022-09-012023-08-3106550315dpl:CostSales2021-09-012022-08-3106550315dpl:DistributionCosts2021-09-012022-08-3106550315core:LandBuildings2021-09-012022-08-3106550315core:PlantMachinery2021-09-012022-08-3106550315core:Vehicles2021-09-012022-08-3106550315core:FurnitureFittings2021-09-012022-08-3106550315core:OfficeEquipment2021-09-012022-08-3106550315dpl:AdministrativeExpenses2021-09-012022-08-3106550315core:NetGoodwill2021-09-012022-08-3106550315core:IntangibleAssetsOtherThanGoodwill2021-09-012022-08-3106550315dpl:GroupUndertakings2021-09-012022-08-3106550315dpl:ParticipatingInterests2021-09-012022-08-3106550315dpl:GroupUndertakingscore:ListedExchangeTraded2021-09-012022-08-3106550315core:ListedExchangeTraded2021-09-012022-08-3106550315dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2021-09-012022-08-3106550315core:UnlistedNon-exchangeTraded2021-09-012022-08-3106550315core:NetGoodwill2023-08-3106550315core:IntangibleAssetsOtherThanGoodwill2023-08-3106550315core:LandBuildings2023-08-3106550315core:PlantMachinery2023-08-3106550315core:Vehicles2023-08-3106550315core:FurnitureFittings2023-08-3106550315core:OfficeEquipment2023-08-3106550315core:AfterOneYear2023-08-3106550315core:WithinOneYear2023-08-3106550315core:ListedExchangeTraded2023-08-3106550315core:UnlistedNon-exchangeTraded2023-08-3106550315core:ShareCapital2023-08-3106550315core:SharePremium2023-08-3106550315core:RevaluationReserve2023-08-3106550315core:OtherReservesSubtotal2023-08-3106550315core:RetainedEarningsAccumulatedLosses2023-08-3106550315core:NetGoodwill2022-08-3106550315core:IntangibleAssetsOtherThanGoodwill2022-08-3106550315core:LandBuildings2022-08-3106550315core:PlantMachinery2022-08-3106550315core:Vehicles2022-08-3106550315core:FurnitureFittings2022-08-3106550315core:OfficeEquipment2022-08-3106550315core:AfterOneYear2022-08-3106550315core:WithinOneYear2022-08-3106550315core:ListedExchangeTraded2022-08-3106550315core:UnlistedNon-exchangeTraded2022-08-3106550315core:ShareCapital2022-08-3106550315core:SharePremium2022-08-3106550315core:RevaluationReserve2022-08-3106550315core:OtherReservesSubtotal2022-08-3106550315core:RetainedEarningsAccumulatedLosses2022-08-3106550315core:NetGoodwill2021-09-0106550315core:IntangibleAssetsOtherThanGoodwill2021-09-0106550315core:LandBuildings2021-09-0106550315core:PlantMachinery2021-09-0106550315core:Vehicles2021-09-0106550315core:FurnitureFittings2021-09-0106550315core:OfficeEquipment2021-09-0106550315core:AfterOneYear2021-09-0106550315core:WithinOneYear2021-09-0106550315core:ListedExchangeTraded2021-09-0106550315core:UnlistedNon-exchangeTraded2021-09-0106550315core:ShareCapital2021-09-0106550315core:SharePremium2021-09-0106550315core:RevaluationReserve2021-09-0106550315core:OtherReservesSubtotal2021-09-0106550315core:RetainedEarningsAccumulatedLosses2021-09-0106550315core:AfterOneYear2022-09-012023-08-3106550315core:WithinOneYear2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:CostValuation2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-09-012023-08-3106550315core:Non-currentFinancialInstrumentscore:CostValuation2023-08-3106550315core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2023-08-3106550315core:Non-currentFinancialInstrumentscore:CostValuation2022-08-3106550315core:Non-currentFinancialInstrumentscore:AdditionsToInvestments2022-08-3106550315core:Non-currentFinancialInstrumentscore:RevaluationsIncreaseDecreaseInInvestments2022-08-3106550315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInInvestments2022-08-3106550315core:Non-currentFinancialInstrumentscore:ProvidedReleasedInPeriodProvisionsForImpairmentInvestments2022-08-3106550315core:Non-currentFinancialInstrumentscore:ImpairmentLossReversalProvisionsForImpairmentInvestments2022-08-3106550315core:Non-currentFinancialInstrumentscore:AcquisitionsIncreaseInProvisionsForImpairmentInvestments2022-08-3106550315core:Non-currentFinancialInstrumentscore:DisposalsDecreaseInProvisionsForImpairmentInvestments2022-08-3106550315core:Non-currentFinancialInstrumentscore:OtherIncreaseDecreaseInProvisionsForImpairmentInvestments2022-08-3106550315bus:Director12022-09-012023-08-3106550315bus:Director22022-09-012023-08-31

IMAGES TYNE AND WEAR LIMITED

Registered Number
06550315
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2023

IMAGES TYNE AND WEAR LIMITED
Company Information
for the year from 1 September 2022 to 31 August 2023

Directors

SHANLEY, Michael
SHANLEY, Norma

Company Secretary

SHANLEY, Michael

Registered Address

73 Dominies Close
Rowlands Gill
NE39 1PB

Registered Number

06550315 (England and Wales)
IMAGES TYNE AND WEAR LIMITED
Balance Sheet as at
31 August 2023

Notes

2023

2022

£

£

£

£

Fixed assets
Tangible assets4168335
168335
Current assets
Debtors362362
Cash at bank and on hand6259
424421
Creditors amounts falling due within one year5(4,841)(3,043)
Net current assets (liabilities)(4,417)(2,622)
Total assets less current liabilities(4,249)(2,287)
Creditors amounts falling due after one year6(1,650)(2,250)
Net assets(5,899)(4,537)
Capital and reserves
Called up share capital22
Profit and loss account(5,901)(4,539)
Shareholders' funds(5,899)(4,537)
The financial statements were approved and authorised for issue by the Board of Directors on 10 April 2024, and are signed on its behalf by:
SHANLEY, Michael
Director
Registered Company No. 06550315
IMAGES TYNE AND WEAR LIMITED
Notes to the Financial Statements
for the year ended 31 August 2023

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, the financial reporting standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Revenue from rendering of services
Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Straight line (years)
Plant and machinery5
Fixtures and fittings5
Vehicles5
Office Equipment5
Trade and other 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.
Trade and other 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.
2.Average number of employees

20232022
Average number of employees during the year22
3.Intangible assets

Other

Total

££
Cost or valuation
At 01 September 225,0005,000
At 31 August 235,0005,000
Amortisation and impairment
At 01 September 225,0005,000
At 31 August 235,0005,000
Net book value
At 31 August 23--
At 31 August 22--
4.Tangible fixed assets

Office Equipment

Total

££
Cost or valuation
At 01 September 222,0132,013
At 31 August 232,0132,013
Depreciation and impairment
At 01 September 221,6781,678
Charge for year167167
At 31 August 231,8451,845
Net book value
At 31 August 23168168
At 31 August 22335335
5.Creditors: amounts due within one year

2023

2022

££
Amounts owed to related parties4,5782,744
Accrued liabilities and deferred income263299
Total4,8413,043
6.Creditors: amounts due after one year

2023

2022

££
Bank borrowings and overdrafts1,6502,250
Total1,6502,250
7.Provisions for liabilities
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.