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REGISTERED NUMBER: 04202185 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Imagen Photography Limited

Imagen Photography Limited (Registered number: 04202185)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Imagen Photography Limited

Company Information
for the Year Ended 31 December 2023







DIRECTOR: P J G Guttridge ABIPP





SECRETARY: Mrs K Guttridge





REGISTERED OFFICE: Annie Reed Road
Beverley
East Yorkshire
HU17 0LF





REGISTERED NUMBER: 04202185 (England and Wales)





ACCOUNTANTS: Try Lunn & Co
Chartered Accountants
Roland House
Princes Dock Street
HULL HU1 2LD

Imagen Photography Limited (Registered number: 04202185)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 243,521 246,506

CURRENT ASSETS
Stocks 525 550
Debtors 5 10,274 17,974
Cash at bank and in hand 49,619 87,148
60,418 105,672
CREDITORS
Amounts falling due within one year 6 37,053 42,941
NET CURRENT ASSETS 23,365 62,731
TOTAL ASSETS LESS CURRENT
LIABILITIES

266,886

309,237

CREDITORS
Amounts falling due after more than one
year

7

(89,639

)

(104,099

)

PROVISIONS FOR LIABILITIES (1,618 ) (1,351 )
NET ASSETS 175,629 203,787

CAPITAL AND RESERVES
Called up share capital 9 500 500
Capital redemption reserve 10 611 611
Retained earnings 10 174,518 202,676
SHAREHOLDERS' FUNDS 175,629 203,787

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 director acknowledges his 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.

Imagen Photography Limited (Registered number: 04202185)

Balance Sheet - continued
31 December 2023


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 director and authorised for issue on 7 August 2024 and were signed by:





P J G Guttridge ABIPP - Director


Imagen Photography Limited (Registered number: 04202185)

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

1. STATUTORY INFORMATION

Imagen Photography Limited 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
Income is recognised when services have been delivered to customers such that risks and rewards of ownership have transferred to them.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 2% on cost and not provided
Plant and machinery etc - 25% on cost, 20% on cost and Straight line over 3 years

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 balance sheet date.

Deferred tax
Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

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 4 (2022 - 3 ) .

Imagen Photography Limited (Registered number: 04202185)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 274,244 338,855 613,099
Additions - 9,635 9,635
Disposals - (19,365 ) (19,365 )
At 31 December 2023 274,244 329,125 603,369
DEPRECIATION
At 1 January 2023 34,849 331,744 366,593
Charge for year 3,275 7,976 11,251
Eliminated on disposal - (17,996 ) (17,996 )
At 31 December 2023 38,124 321,724 359,848
NET BOOK VALUE
At 31 December 2023 236,120 7,401 243,521
At 31 December 2022 239,395 7,111 246,506

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 9,628 17,285
Other debtors 646 689
10,274 17,974

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 16,277 17,129
Trade creditors 309 2,127
Taxation and social security 15,926 21,353
Other creditors 4,541 2,332
37,053 42,941

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 89,639 104,099

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 46,828 48,845

Imagen Photography Limited (Registered number: 04202185)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 105,916 121,228

The bank loans are secured by a fixed and floating charge over all the assets and undertaking of Imagen Photography Limited including all present and future freehold and leasehold property, book and other debts, chattels, goodwill and uncalled capital, both present and future.

Mr P Guttridge has given a guarantee to secure all liabilities of Imagen Photography Limited to £25,000.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
500 'A' and 'D' Ordinary £1 500 500

The D shares are non-voting shares and rank pari passu in all other respects with the A shares except for the payment of dividends.

10. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 January 2023 202,676 611 203,287
Profit for the year 18,042 18,042
Dividends (46,200 ) (46,200 )
At 31 December 2023 174,518 611 175,129

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2023 the Company owed P Guttridge £1,102 (2022- £342).

12. CONTROLLING PARTY

The company is controlled by Mr P J G Guttridge ABIPP.