Company registration number 06526746 (England and Wales)
Imp Gaming Limited
Unaudited
financial statements
for the year ended 30 April 2024
PAGES FOR FILING WITH REGISTRAR
Imp Gaming Limited
Contents
Page
Statement of financial position
1
Notes to the financial statements
2 - 3
Imp Gaming Limited
Statement of financial position
as at 30 April 2024
30 April 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
1,069
1,263
Current assets
Stocks
111,051
112,960
Debtors
72,437
52,672
Cash at bank and in hand
92,189
59,997
275,677
225,629
Creditors: amounts falling due within one year
(206,815)
(197,258)
Net current assets
68,862
28,371
Net assets
69,931
29,634
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
69,831
29,534
Total equity
69,931
29,634
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 26 July 2024
D Harvey
Director
Company registration number 06526746 (England and Wales)
Imp Gaming Limited
Notes to the financial statements
for the year ended 30 April 2024
- 2 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
Turnover
Turnover represents the fair value of the consideration received for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
Turnover is recognised on the supply of goods to the customer.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost less depreciation.
Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:
Fixtures, fittings & equipment
25% Straight Line
Stocks
Stock is valued at the lower of cost and net realisable value.
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
1
Imp Gaming Limited
Notes to the financial statements (continued)
for the year ended 30 April 2024
- 3 -
3
Tangible fixed assets
Fixtures, fittings & equipment
£
Cost
At 1 May 2023
6,958
Additions
893
Disposals
(424)
At 30 April 2024
7,427
Depreciation and impairment
At 1 May 2023
5,695
Depreciation charged in the year
791
Eliminated in respect of disposals
(128)
At 30 April 2024
6,358
Carrying amount
At 30 April 2024
1,069
At 30 April 2023
1,263
4
Company information
Imp Gaming Limited is a private company limited by shares incorporated in England and Wales. The registered office is Langham House, 148 Westgate, Wakefield, West Yorkshire, WF2 9SR.