Company Registration No. 10778518 (England and Wales)
IMAGIN LIMITED
accounts
for the period from 1 June 2022 to 30 May 2023
IMAGIN LIMITED
accounts
Contents
IMAGIN LIMITED
Statement of financial position
as at 30 May 2023
Tangible assets
29,226
36,532
Cash at bank and in hand
82,810
1,239
Creditors: amounts falling due within one year
(123,162)
(35,109)
Net current liabilities
(24,579)
(27,870)
Total assets less current liabilities
4,647
8,662
Creditors: amounts falling due after more than one year
(34,441)
(38,737)
Net liabilities
(29,794)
(30,075)
Called up share capital
200
200
Profit and loss account
(29,994)
(30,275)
Shareholders' funds
(29,794)
(30,075)
For the period ending 30 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 17 August 2024 and were signed on its behalf by
ROMAN ASLAM
Director
Company Registration No. 10778518
IMAGIN LIMITED
Notes to the Accounts
for the period from 1 June 2022 to 30 May 2023
IMAGIN LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10778518. The registered office is 7 The Pavement, LONDON, SW4 0HY, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous period, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
20% Reducing Balance
Fixtures & fittings
20% Reducing Balance
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 June 2022
2,040
55,449
57,489
At 30 May 2023
2,040
55,449
57,489
At 1 June 2022
995
19,962
20,957
Charge for the period
209
7,097
7,306
At 30 May 2023
1,204
27,059
28,263
At 30 May 2023
836
28,390
29,226
At 31 May 2022
1,045
35,487
36,532
Amounts falling due within one year
Other debtors
14,093
6,000
IMAGIN LIMITED
Notes to the Accounts
for the period from 1 June 2022 to 30 May 2023
6
Creditors: amounts falling due within one year
2023
2022
Taxes and social security
606
55
Other creditors
94,976
6,274
Loans from directors
27,080
28,780
7
Creditors: amounts falling due after more than one year
2023
2022
8
Average number of employees
During the period the average number of employees was 7 (2022: 3).