Registered number
03359505
Impoxer Limited
Filleted Accounts
30 April 2024
Impoxer Limited
Registered number: 03359505
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
As restated
Fixed assets
Intangible assets 3 1,722 2,202
Tangible assets 4 4,702 5,531
6,424 7,733
Current assets
Stocks 455,108 666,312
Debtors 5 30,304 233,559
Cash at bank and in hand 5,131 308
490,543 900,179
Creditors: amounts falling due within one year 6 (201,243) (616,510)
Net current assets 289,300 283,669
Total assets less current liabilities 295,724 291,402
Creditors: amounts falling due after more than one year 7 (24,022) (33,899)
Net assets 271,702 257,503
Capital and reserves
Called up share capital 100 100
Profit and loss account 271,602 257,403
Shareholders' funds 271,702 257,503
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ibrahim Doner
Director
Approved by the board on 17 September 2024
Impoxer Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer.
Intangible fixed assets
Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Intangible Assets 2% straight line
Fixtures, fittings, tools and equipment 15% reducing balance
Motor vehicle 15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Leased assets
Operating lease payments are recognised as an expense on a straight line basis over the lease term.
Functional and presentation currency
The financial statements of the company are measured and presented in the currency of the primary economic environment in which the company operates, the functional currency. The financial statements are presented in Pound sterling (£), which is the company’s functional currency.
Employee benefits
Short-term employee benefits
Short-term employee benefits are recognised as an expense in the period in which they are incurred.

Post-employment defined contribution plans
Amounts in respect of defined contributions plans are recognised as an expense as they are incurred.

Termination benefits
Provisions for termination benefits are recognised only when the company is demonstrably committed to terminate the employment of an employee or of a group of employees before their normal retirement date or to provide termination benefits as a result of an offer made in order to encourage voluntary redundancy.
Going concern
The financial statements have been prepared on the basis that the company will receive continued financial support from bank and director and has adequate resources to continue in operational existence for the foreseeable future.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 4 4
3 Intangible fixed assets £
Goodwill:
Cost
At 1 May 2023 20,912
At 30 April 2024 20,912
Amortisation
At 1 May 2023 18,710
Provided during the year 480
At 30 April 2024 19,190
Net book value
At 30 April 2024 1,722
At 30 April 2023 2,202
Goodwill is being written off on straight line basis.
4 Tangible fixed assets
Fixtures, fittings, tools and equipment Motor vehicles Total
£ £ £
Cost
At 1 May 2023 43,296 13,708 57,004
At 30 April 2024 43,296 13,708 57,004
Depreciation
At 1 May 2023 40,441 11,032 51,473
Charge for the year 428 401 829
At 30 April 2024 40,869 11,433 52,302
Net book value
At 30 April 2024 2,427 2,275 4,702
At 30 April 2023 2,855 2,676 5,531
5 Debtors 2024 2023
£ £
Trade debtors 24,452 227,576
Other debtors 5,852 5,983
30,304 233,559
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 5,812 23,106
Trade creditors 84,429 439,761
Taxation and social security costs 19,195 16,726
Other creditors 91,807 136,917
201,243 616,510
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 24,022 33,899
8 Related party transactions
The other creditors include director loan account of £49,805 (2023 - £66,973).
9 Controlling party
Mr Ibrahim Doner is the ultimate controlling party.
10 Prior year adjustment
The previous year's statement of changes in equity incorrectly added £20,000 in dividends to the P&L reserves, instead of subtracting it. An adjustment has now been made to correct this error by reversing the amount as follows:
Equity
At 01 May 2023 297,403
Prior year adjustment (40,000)
At 01 May 2023 - as restated 257,403
11 Other information
Impoxer Limited is a private company limited by shares and incorporated in England. Its registered office is:
130a Commercial Road
London
E1 1NL
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