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Registration number: 05638797

Imora Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2023

 

Imora Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Imora Ltd

Company Information

Director

S Robinson

Company secretary

S E J Robinson

Registered office

Oakwood House
27 The Ridings
East Horsley
Leatherhead
Surrey
KT24 5BN

Accountants

Johnson Smith & Co Ltd
Centurion House
London Road
Staines-Upon-Thames
Surrey
TW18 4AX

 

Imora Ltd

(Registration number: 05638797)
Balance Sheet as at 30 November 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

5

4,101

1,838

Current assets

 

Debtors

6

1,788

1,769

Cash at bank and in hand

 

119,805

87,216

 

121,593

88,985

Creditors: Amounts falling due within one year

7

(25,980)

(16,925)

Net current assets

 

95,613

72,060

Net assets

 

99,714

73,898

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

99,713

73,897

Shareholders' funds

 

99,714

73,898

For the financial year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 22 August 2024
 

.........................................
S Robinson
Director

 

Imora Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Oakwood House
27 The Ridings
East Horsley
Leatherhead
Surrey
KT24 5BN

These financial statements were authorised for issue by the director on 22 August 2024.

The presentation currency of the financial statements is the Pound Sterling (£).

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company's business activities, performance and position together with its principal risks and uncertainties are likely to affect its future development and performance. The director, having made enquiries and reviewed the forecasts and in light of the opportunities and facilities available, have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, including reflecting on the impact of COVID19. Therefore, it is reasonable to continue to adopt the going concern basis in preparing the directors' report and accounts.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

 

Imora Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and Machinery

25% on cost

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2022 - 4).

 

Imora Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

4

Profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

1,957

1,712

5

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 December 2022

8,881

8,881

Additions

4,220

4,220

At 30 November 2023

13,101

13,101

Depreciation

At 1 December 2022

7,043

7,043

Charge for the year

1,957

1,957

At 30 November 2023

9,000

9,000

Carrying amount

At 30 November 2023

4,101

4,101

At 30 November 2022

1,838

1,838

6

Debtors

Current

2023
£

2022
£

Other debtors

1,788

1,769

 

1,788

1,769

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

15,240

11,475

Accruals and deferred income

1,500

1,250

Other creditors

9,240

4,200

25,980

16,925

 

Imora Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2023

8

Share capital

Allotted, called up and fully paid shares

2023

2022

No.

£

No.

£

Ordinary share of £1 each

1

1

1

1

       

9

Dividends

2023

2022

£

£

Final dividend of £32,000.00 (2022 - £36,000.00) per ordinary share

32,000

36,000

 

 

10

Related party transactions

Loans from related parties

2023

Key management
£

Total
£

At start of period

4,200

4,200

Advanced

37,040

37,040

Repaid

(32,000)

(32,000)

At end of period

9,240

9,240

2022

Key management
£

Total
£

At start of period

4,224

4,224

Advanced

40,200

40,200

Repaid

(40,224)

(40,224)

At end of period

4,200

4,200