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REGISTERED NUMBER: 02515872 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2023

for

The Imaging Warehouse Ltd.

The Imaging Warehouse Ltd. (Registered number: 02515872)






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


The Imaging Warehouse Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: R A Whetton
S Price





SECRETARY: Mrs E E Whetton





REGISTERED OFFICE: Unit 1a Blackhill Industrial Estate
Sand Barn Lane
Stratford upon Avon
Warwickshire
CV37 0FA





REGISTERED NUMBER: 02515872 (England and Wales)





ACCOUNTANTS: Locke Williams Associates LLP
Chartered Accountants
c/o Blackthorn House
St Pauls Square
Birmingham
West Midlands
B3 1RL

The Imaging Warehouse Ltd. (Registered number: 02515872)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 31,290 62,579
Tangible assets 5 85,360 58,933
Investments 6 100 100
116,750 121,612

CURRENT ASSETS
Stocks 877,764 833,302
Debtors 7 114,061 120,459
Cash at bank and in hand 193,302 168,186
1,185,127 1,121,947
CREDITORS
Amounts falling due within one year 8 528,390 447,695
NET CURRENT ASSETS 656,737 674,252
TOTAL ASSETS LESS CURRENT
LIABILITIES

773,487

795,864

CREDITORS
Amounts falling due after more than one
year

9

7,408

33,849
NET ASSETS 766,079 762,015

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 765,979 761,915
SHAREHOLDERS' FUNDS 766,079 762,015

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.

The Imaging Warehouse Ltd. (Registered number: 02515872)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





R A Whetton - Director


The Imaging Warehouse Ltd. (Registered number: 02515872)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

The Imaging Warehouse Ltd. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2020, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost and 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 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.

The Imaging Warehouse Ltd. (Registered number: 02515872)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

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 15 (2022 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 156,448
AMORTISATION
At 1 January 2023 93,869
Charge for year 31,289
At 31 December 2023 125,158
NET BOOK VALUE
At 31 December 2023 31,290
At 31 December 2022 62,579

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 263,137
Additions 76,995
Disposals (55,955 )
At 31 December 2023 284,177
DEPRECIATION
At 1 January 2023 204,204
Charge for year 35,423
Eliminated on disposal (40,810 )
At 31 December 2023 198,817
NET BOOK VALUE
At 31 December 2023 85,360
At 31 December 2022 58,933

The Imaging Warehouse Ltd. (Registered number: 02515872)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 100
NET BOOK VALUE
At 31 December 2023 100
At 31 December 2022 100

The company acquired the entire share capital of On-Line.P@per.co.uk Limited, a company under common control.
The trade was subsequently transferred into the company and the investment, other than the share capital has been reclassified as goodwill as shown in note 4.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 109,780 118,760
Other debtors 4,281 1,699
114,061 120,459

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 22,222 26,550
Hire purchase contracts 4,219 5,062
Trade creditors 378,893 302,456
Amounts owed to group undertakings 100 100
Taxation and social security 45,588 30,796
Other creditors 77,368 82,731
528,390 447,695

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 7,408 29,630
Hire purchase contracts - 4,219
7,408 33,849

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary £1 100 100

The Imaging Warehouse Ltd. (Registered number: 02515872)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. OTHER FINANCIAL COMMITMENTS

Total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £79,613 (2022 - £108,125). The commitment includes business premises and equipment.

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year interest of £6,250 (2022 - £4,916) was paid to the director, in respect of advances to the company.