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REGISTERED NUMBER: 08506770 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024

FOR

IMPRESSION WORKS LIMITED

IMPRESSION WORKS LIMITED (REGISTERED NUMBER: 08506770)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPRESSION WORKS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MARCH 2024







DIRECTOR: A M Wood



REGISTERED OFFICE: Units 9 And 11
35 Knowsthorpe Way
Cross Green Industrial Estate
Leeds
LS9 0SW



REGISTERED NUMBER: 08506770 (England and Wales)



ACCOUNTANTS: Waite & Hartley
66 North Street
Wetherby
LS22 6NR



BANKERS: HSBC Bank plc
PO Box 105
33 Park Row
Leeds
LS1 1LD

IMPRESSION WORKS LIMITED (REGISTERED NUMBER: 08506770)

BALANCE SHEET
31ST MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,597 4,796

CURRENT ASSETS
Stocks 31,200 25,350
Debtors 5 64,592 36,302
Cash at bank 25,603 35,391
121,395 97,043
CREDITORS
Amounts falling due within one year 6 38,119 44,435
NET CURRENT ASSETS 83,276 52,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

86,873

57,404

CREDITORS
Amounts falling due after more than one
year

7

(31,545

)

(37,100

)

PROVISIONS FOR LIABILITIES (899 ) (911 )
NET ASSETS 54,429 19,393

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 54,329 19,293
SHAREHOLDERS' FUNDS 54,429 19,393

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

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

The director acknowledges his 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.

IMPRESSION WORKS LIMITED (REGISTERED NUMBER: 08506770)

BALANCE SHEET - continued
31ST MARCH 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th August 2024 and were signed by:





A M Wood - Director


IMPRESSION WORKS LIMITED (REGISTERED NUMBER: 08506770)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MARCH 2024

1. STATUTORY INFORMATION

Impression Works 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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

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.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

IMPRESSION WORKS LIMITED (REGISTERED NUMBER: 08506770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

2. ACCOUNTING POLICIES - continued

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 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1st April 2023
and 31st March 2024 25,638
DEPRECIATION
At 1st April 2023 20,842
Charge for year 1,199
At 31st March 2024 22,041
NET BOOK VALUE
At 31st March 2024 3,597
At 31st March 2023 4,796

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 64,242 36,302
Other debtors 350 -
64,592 36,302

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 5,556 5,556
Trade creditors 7,357 26,291
Taxation and social security 23,146 10,982
Other creditors 2,060 1,606
38,119 44,435

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 31,545 37,100

IMPRESSION WORKS LIMITED (REGISTERED NUMBER: 08506770)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 9,322 14,877

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   

9. ULTIMATE CONTROLLING PARTY

The controlling party is A M Wood.

The ultimate controlling party is A M Wood.