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REGISTERED NUMBER: 12761316 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2024

for

IMGS Enterprise Limited

IMGS Enterprise Limited (Registered number: 12761316)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


IMGS Enterprise Limited (Registered number: 12761316)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 34,917 -

CURRENT ASSETS
Debtors 5 26,546 21,600
Cash at bank 26,941 14,103
53,487 35,703
CREDITORS
Amounts falling due within one year 6 5,450 7,182
NET CURRENT ASSETS 48,037 28,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

82,954

28,521

CREDITORS
Amounts falling due after more than
one year

7

(28,567

)

-

PROVISIONS FOR LIABILITIES 9 (6,634 ) -
NET ASSETS 47,753 28,521

CAPITAL AND RESERVES
Called up share capital 10 102 102
Retained earnings 47,651 28,419
SHAREHOLDERS' FUNDS 47,753 28,521

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

IMGS Enterprise Limited (Registered number: 12761316)

Balance Sheet - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2024 and were signed by:





Dr S Yahya - Director


IMGS Enterprise Limited (Registered number: 12761316)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

IMGS Enterprise Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12761316

Registered office: SPACES Manchester
Peter House, Oxford Street
Manchester
M1 5AN

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
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 20% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

IMGS Enterprise Limited (Registered number: 12761316)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
Additions 36,490 318 36,808
At 31 July 2024 36,490 318 36,808
DEPRECIATION
Charge for year 1,825 66 1,891
At 31 July 2024 1,825 66 1,891
NET BOOK VALUE
At 31 July 2024 34,665 252 34,917

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 11,546 -
Other debtors 15,000 15,000
Directors' current accounts - 6,600
26,546 21,600

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 8) 3,946 -
Tax 460 6,385
Social security and other taxes (4 ) 1
Directors' current accounts 268 -
Accrued expenses 780 796
5,450 7,182

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.24 31.7.23
£    £   
Other loans (see note 8) 28,567 -

IMGS Enterprise Limited (Registered number: 12761316)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. LOANS

An analysis of the maturity of loans is given below:

31.7.24 31.7.23
£    £   
Amounts falling due within one year or on demand:
Other loans 3,946 -

Amounts falling due between one and two years:
Other loans - 1-2 years 28,567 -

9. PROVISIONS FOR LIABILITIES
31.7.24 31.7.23
£    £   
Deferred tax 6,634 -

Deferred
tax
£   
Provided during year 6,634
Balance at 31 July 2024 6,634

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary A £1 100 100
1 Ordinary B £1 1 1
1 Ordinary C £1 1 1
102 102

IMGS Enterprise Limited (Registered number: 12761316)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
Dr S Yahya
Balance outstanding at start of year 6,600 2,028
Amounts advanced 9,612 86,448
Amounts repaid (16,480 ) (81,876 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (268 ) 6,600

12. ULTIMATE CONTROLLING PARTY

The controlling party is Dr S Yahya.