1 April 2023 false No description of principal activity Taxfiler 2024.5 11402995business:PrivateLimitedCompanyLtd2023-04-012024-03-31 114029952023-03-31 114029952023-04-012024-03-31 11402995business:AuditExempt-NoAccountantsReport2023-04-012024-03-31 11402995business:FilletedAccounts2023-04-012024-03-31 114029952024-03-31 11402995business:Director12023-04-012024-03-31 11402995business:Director22023-04-012024-03-31 11402995business:CompanySecretary12023-04-012024-03-31 11402995business:RegisteredOffice2023-04-012024-03-31 114029952023-03-31 11402995core:WithinOneYear2024-03-31 11402995core:WithinOneYear2023-03-31 11402995core:ShareCapitalcore:PreviouslyStatedAmount2024-03-31 11402995core:ShareCapitalcore:PreviouslyStatedAmount2023-03-31 11402995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-03-31 11402995core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-03-31 11402995core:PreviouslyStatedAmount2024-03-31 11402995core:PreviouslyStatedAmount2023-03-31 11402995business:SmallEntities2023-04-012024-03-31 11402995countries:EnglandWales2023-04-012024-03-31 11402995core:FurnitureFittings2023-04-012024-03-31 11402995core:ComputerEquipment2023-04-012024-03-31 11402995core:FurnitureFittings2023-03-31 11402995core:ComputerEquipment2023-03-31 11402995core:FurnitureFittings2024-03-31 11402995core:ComputerEquipment2024-03-31 114029952022-04-012023-03-31 iso4217:GBP xbrli:pure
Company Registration No. 11402995 (England and Wales)
IMG Corporation Ltd Unaudited accounts for the year ended 31 March 2024
IMG Corporation Ltd Unaudited accounts Contents
Page
- 2 -
IMG Corporation Ltd Company Information for the year ended 31 March 2024
Directors
Ivaylo Georgiev Svetla Georgieva
Secretary
Svetla Georgieva
Company Number
11402995 (England and Wales)
Registered Office
252 Church Hill Road East Barnet Barnet EN4 8PH
- 3 -
IMG Corporation Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
588 
727 
Current assets
Debtors
6,888 
11,317 
Cash at bank and in hand
5,252 
7,315 
12,140 
18,632 
Creditors: amounts falling due within one year
(4,251)
(12,823)
Net current assets
7,889 
5,809 
Net assets
8,477 
6,536 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
8,476 
6,535 
Shareholders' funds
8,477 
6,536 
For the year ending 31 March 2024 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 8 May 2024 and were signed on its behalf by
Ivaylo Georgiev Director Company Registration No. 11402995
- 4 -
IMG Corporation Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
IMG Corporation Ltd is a private company, limited by shares, registered in England and Wales, registration number 11402995. The registered office is 252 Church Hill Road, East Barnet, Barnet, EN4 8PH.
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 year, 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:
Fixtures & fittings
18% NBV
Computer equipment
20% NBV
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 April 2023
465 
649 
1,114 
At 31 March 2024
465 
649 
1,114 
Depreciation
At 1 April 2023
153 
234 
387 
Charge for the year
56 
83 
139 
At 31 March 2024
209 
317 
526 
Net book value
At 31 March 2024
256 
332 
588 
At 31 March 2023
312 
415 
727 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
- 
1,800 
Amounts due from group undertakings etc.
6,888 
9,517 
6,888 
11,317 
- 5 -
IMG Corporation Ltd Notes to the Accounts for the year ended 31 March 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
158 
7,840 
Taxes and social security
4,093 
3,443 
Loans from directors
- 
1,540 
4,251 
12,823 
7
Average number of employees
During the year the average number of employees was 2 (2023: 2).
- 6 -