1 June 2022 false No description of principal activity Taxfiler 2024.5 10778518business:PrivateLimitedCompanyLtd2022-06-012023-05-30 107785182022-05-31 107785182022-06-012023-05-30 10778518business:AuditExemptWithAccountantsReport2022-06-012023-05-30 10778518business:FilletedAccounts2022-06-012023-05-30 107785182023-05-30 107785182022-05-31 10778518core:WithinOneYear2023-05-30 10778518core:WithinOneYear2022-05-31 10778518core:AfterOneYear2023-05-30 10778518core:AfterOneYear2022-05-31 10778518core:ShareCapitalcore:PreviouslyStatedAmount2023-05-30 10778518core:ShareCapitalcore:PreviouslyStatedAmount2022-05-31 10778518core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-30 10778518core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-05-31 10778518core:PreviouslyStatedAmount2023-05-30 10778518core:PreviouslyStatedAmount2022-05-31 10778518business:SmallEntities2022-06-012023-05-30 10778518business:Director12022-06-012023-05-30 10778518countries:EnglandWales2022-06-012023-05-30 10778518business:RegisteredOffice2022-06-012023-05-30 10778518core:PlantMachinery2022-06-012023-05-30 10778518core:FurnitureFittings2022-06-012023-05-30 10778518core:PlantMachinery2022-05-31 10778518core:FurnitureFittings2022-05-31 10778518core:PlantMachinery2023-05-30 10778518core:FurnitureFittings2023-05-30 107785182021-06-012022-05-31 iso4217:GBP xbrli:pure
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
Page
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IMAGIN LIMITED Statement of financial position as at 30 May 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
29,226 
36,532 
Current assets
Inventories
1,680 
- 
Debtors
14,093 
6,000 
Cash at bank and in hand
82,810 
1,239 
98,583 
7,239 
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)
Capital and reserves
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
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IMAGIN LIMITED Notes to the Accounts for the period from 1 June 2022 to 30 May 2023
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
Depreciation
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 
Net book value
At 30 May 2023
836 
28,390 
29,226 
At 31 May 2022
1,045 
35,487 
36,532 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
14,093 
6,000 
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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 
Accruals
500 
- 
123,162 
35,109 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
34,441 
38,737 
8
Average number of employees
During the period the average number of employees was 7 (2022: 3).
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