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REGISTERED NUMBER: 04399570 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

IMAGE EVOLUTION LIMITED

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMAGE EVOLUTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr P S Dale
Mr P S Jeffcoate
Mr J C Piggot





SECRETARY: Mr P S Jeffcoate





REGISTERED OFFICE: Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF





REGISTERED NUMBER: 04399570 (England and Wales)





ACCOUNTANTS: Stoten Gillam Limited
Chartered Accountants
Alban House
99 High Street South
Dunstable
Bedfordshire
LU6 3SF

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

BALANCE SHEET
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 92,780 111,843

CURRENT ASSETS
Debtors 5 286,767 251,719
Cash at bank and in hand 185,756 108,378
472,523 360,097
CREDITORS
Amounts falling due within one year 6 251,832 177,125
NET CURRENT ASSETS 220,691 182,972
TOTAL ASSETS LESS CURRENT
LIABILITIES

313,471

294,815

PROVISIONS FOR LIABILITIES 23,195 27,961
NET ASSETS 290,276 266,854

CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Capital redemption reserve 1,000 1,000
Retained earnings 287,276 263,854
SHAREHOLDERS' FUNDS 290,276 266,854

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

BALANCE SHEET - continued
31 DECEMBER 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 June 2024 and were signed on its behalf by:




Mr P S Jeffcoate - Director Mr P S Dale - Director




Mr J C Piggot - Director


IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023


1. STATUTORY INFORMATION

Image Evolution Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - at varying rates on cost
Fixtures and fittings - at varying rates on cost
Motor vehicles - at varying rates on cost
Computer equipment - at varying rates on cost

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2022 - 5 ) .

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 936,194
Additions 3,746
At 31 December 2023 939,940
DEPRECIATION
At 1 January 2023 824,351
Charge for year 22,809
At 31 December 2023 847,160
NET BOOK VALUE
At 31 December 2023 92,780
At 31 December 2022 111,843

Fixed assets, included in the above, which are held under hire purchase contracts or finance leases are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023
and 31 December 2023 376,000
DEPRECIATION
At 1 January 2023
and 31 December 2023 375,999
NET BOOK VALUE
At 31 December 2023 1
At 31 December 2022 1

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 263,576 226,881
Factoring account 4,999 4,038
Intl factoring account 296 6,106
Prepayments and accrued income 17,896 14,694
286,767 251,719

IMAGE EVOLUTION LIMITED (REGISTERED NUMBER: 04399570)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023


6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 42,229 32,543
Taxation and social security 205,992 140,790
Other creditors 3,611 3,792
251,832 177,125