Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30false2022-12-01No description of principal activityThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.11falsetrue 13026536 2022-12-01 2023-11-30 13026536 2021-12-01 2022-11-30 13026536 2023-11-30 13026536 2022-11-30 13026536 2021-12-01 13026536 c:Director1 2022-12-01 2023-11-30 13026536 d:CurrentFinancialInstruments 2023-11-30 13026536 d:CurrentFinancialInstruments 2022-11-30 13026536 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 13026536 d:CurrentFinancialInstruments d:WithinOneYear 2022-11-30 13026536 d:ShareCapital 2023-11-30 13026536 d:ShareCapital 2022-11-30 13026536 d:ShareCapital 2021-12-01 13026536 d:RetainedEarningsAccumulatedLosses 2022-12-01 2023-11-30 13026536 d:RetainedEarningsAccumulatedLosses 2023-11-30 13026536 d:RetainedEarningsAccumulatedLosses 2021-12-01 2022-11-30 13026536 d:RetainedEarningsAccumulatedLosses 2022-11-30 13026536 d:RetainedEarningsAccumulatedLosses 2021-12-01 13026536 c:OrdinaryShareClass1 2022-12-01 2023-11-30 13026536 c:OrdinaryShareClass1 2023-11-30 13026536 c:OrdinaryShareClass1 2022-11-30 13026536 c:FRS102 2022-12-01 2023-11-30 13026536 c:AuditExempt-NoAccountantsReport 2022-12-01 2023-11-30 13026536 c:FullAccounts 2022-12-01 2023-11-30 13026536 c:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 13026536 e:PoundSterling 2022-12-01 2023-11-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 13026536









IMAGE INTERNET LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2023

 
IMAGE INTERNET LIMITED
REGISTERED NUMBER: 13026536

BALANCE SHEET
AS AT 30 NOVEMBER 2023

2023
2022
Note
£
£

Current assets
  

Cash at bank and in hand
 4 
95,174
45,295

Creditors: amounts falling due within one year
 5 
(52,005)
(9,004)

Net assets
  
43,169
36,291


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
43,168
36,290

  
43,169
36,291


The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 8 August 2024.




................................................
Paul Dennis Keefe
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 1

 
IMAGE INTERNET LIMITED
 

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 NOVEMBER 2023


Called up share capital
Profit and loss account
Total equity

£
£
£


At 1 December 2021
1
13,993
13,994


Comprehensive income for the year

Profit for the year
-
25,897
25,897

Dividends: Equity capital
-
(3,600)
(3,600)



At 1 December 2022
1
36,290
36,291


Comprehensive income for the year

Profit for the year
-
11,078
11,078

Dividends: Equity capital
-
(4,200)
(4,200)


At 30 November 2023
1
43,168
43,169


The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
IMAGE INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1.


General information

Image Internet Limited is a private company limited by share capital, incorporated in England and Wales, registration number 13026536. The address of the registered office is 2 Warwick Avenue, Cuffley, Potters Bar, Hertfordshire, United Kingdom, EN6 4RU.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis as the director believes adequate resources exist to enable it to meet its working capital requirements for at least twelve months from approval of these financial statements.

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
IMAGE INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
IMAGE INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.8

Financial instruments

The Company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Basic financial assets

Basic financial assets, which include trade and other receivables, cash and bank balances, are initially measured at their transaction price including transaction costs and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other receivables due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instruments any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other payables, bank loans and other loans are initially measured at their transaction price after transaction costs. When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade payables are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade payables are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade payables are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2022 - 1).

Page 5

 
IMAGE INTERNET LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

4.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
95,174
45,295

Less: bank overdrafts
-
(441)

95,174
44,854



5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank overdrafts
-
441

Trade creditors
47,342
-

Corporation tax
2,628
6,100

Other taxation and social security
35
463

Accruals and deferred income
2,000
2,000

52,005
9,004



6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 (2022 - 1) Ordinary share of £1.00
1
1


 
Page 6