Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2022 1 January 2022 false 1 January 2023 31 December 2023 31 December 2023 13392928 Mr Benedict Lister Mr Jonathan Stewart Mr Grant Twine iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13392928 2022-12-31 13392928 2023-12-31 13392928 2023-01-01 2023-12-31 13392928 frs-core:PlantMachinery 2023-01-01 2023-12-31 13392928 frs-core:WithinOneYear 2023-12-31 13392928 frs-core:OtherReservesSubtotal 2023-12-31 13392928 frs-core:SharePremium 2023-12-31 13392928 frs-core:ShareCapital 2023-12-31 13392928 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31 13392928 frs-bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 13392928 frs-bus:AbridgedAccounts 2023-01-01 2023-12-31 13392928 frs-bus:SmallEntities 2023-01-01 2023-12-31 13392928 frs-bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 13392928 frs-bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 13392928 frs-bus:Director1 2023-01-01 2023-12-31 13392928 frs-bus:Director2 2023-01-01 2023-12-31 13392928 frs-bus:Director3 2023-01-01 2023-12-31 13392928 frs-countries:EnglandWales 2023-01-01 2023-12-31 13392928 2021-12-31 13392928 2022-12-31 13392928 2022-01-01 2022-12-31 13392928 frs-core:WithinOneYear 2022-12-31 13392928 frs-core:OtherReservesSubtotal 2022-12-31 13392928 frs-core:SharePremium 2022-12-31 13392928 frs-core:ShareCapital 2022-12-31 13392928 frs-core:RetainedEarningsAccumulatedLosses 2022-12-31
Registered number: 13392928
Imperium Tax And Accounting Limited
Unaudited ABRIDGED Financial Statements
For The Year Ended 31 December 2023
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—5
Page 1
Abridged Balance Sheet
Registered number: 13392928
2023 2022
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 4,955 10,231
4,955 10,231
CURRENT ASSETS
Debtors 1,081,990 819,226
Cash at bank and in hand 61,302 18,220
1,143,292 837,446
Creditors: Amounts Falling Due Within One Year (225,659 ) (266,635 )
NET CURRENT ASSETS (LIABILITIES) 917,633 570,811
TOTAL ASSETS LESS CURRENT LIABILITIES 922,588 581,042
NET ASSETS 922,588 581,042
CAPITAL AND RESERVES
Called up share capital 5 6 6
Share premium account 470,127 470,127
Other reserves 230,421 230,421
Profit and Loss Account 222,034 (119,512 )
SHAREHOLDERS' FUNDS 922,588 581,042
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For the year ending 31 December 2023 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet for the year end 31 December 2023 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr Benedict Lister
Director
09/09/2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Abridged Financial Statements
1. General Information
Imperium Tax And Accounting Limited is a private company, limited by shares, incorporated in England & Wales, registered number 13392928 . The registered office is Unit 2f17, The Square Basing View, Basingstoke, RG21 4EB.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery Straight line over 3 years
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 16 (2022: 12)
16 12
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4. Tangible Assets
Total
£
Cost
As at 1 January 2023 13,821
Additions 586
As at 31 December 2023 14,407
Depreciation
As at 1 January 2023 3,590
Provided during the period 5,862
As at 31 December 2023 9,452
Net Book Value
As at 31 December 2023 4,955
As at 1 January 2023 10,231
5. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 6 6
6. Other Commitments
The total of future minimum lease payments under non-cancellable operating leases are as following:
2023 2022
£ £
Not later than one year 29,983 27,186
29,983 27,186
The office lease is a rolling contract with a six month notice period
7. Related Party Transactions
On 12 June 2023 the company changed its name from Magentum Tax and Accounting Limited to Imperium Tax and Advisory Limited and the entire issued share capital of the company was sold to Imperium Trust Company (UK) Limited.  On 15 June 2023 the company changed its name to Imperium Tax and Accounting Limited.
Imperium Trust Company (UK) LimitedParent CompanyCosts were recharged to Imperium Trust Company (UK) Limited of £29,089 in year regarding salary recharges and sundry expenses (2022 : £nil). A creditor balance was shown in the Company of £5,963 (2022 : £nil) at the year end.

Imperium Trust Company (UK) Limited

Parent Company

Costs were recharged to Imperium Trust Company (UK) Limited of £29,089 in year regarding salary recharges and sundry expenses (2022 : £nil). A creditor balance was shown in the Company of £5,963 (2022 : £nil) at the year end.

Imperium Group Holdings LimitedUltimate Group Holding CompanyCosts were recharged to Imperium Group Holdings Limited of £1,826 in year regarding computer software and consumables (2022 : £nil). A creditor balance was shown in the Company of £280 (2022 : £nil) at the year end.

Imperium Group Holdings Limited

Ultimate Group Holding Company

Costs were recharged to Imperium Group Holdings Limited of £1,826 in year regarding computer software and consumables (2022 : £nil). A creditor balance was shown in the Company of £280 (2022 : £nil) at the year end.

Vicena International LimitedOwned 100% by Parent Company : Imperium Trust Company (UK) LimitedCosts were recharged to Vicena International Limited of £24,523 in year regarding salary recharges (2022 : £nil). A creditor balance was shown in the Company of £29,427 (2022 : £nil) at the year end.

Vicena International Limited

Owned 100% by Parent Company : Imperium Trust Company (UK) Limited

Costs were recharged to Vicena International Limited of £24,523 in year regarding salary recharges (2022 : £nil). A creditor balance was shown in the Company of £29,427 (2022 : £nil) at the year end.

Page Tax Consulting LLPOwned 99% by Parent Company : Imperium Trust Company (UK) LimitedCosts were recharged to Page Tax Consulting LLP of £29,356 in year regarding salary recharges (2022 : £nil). A creditor balance was shown in the Company of £35,228 (2022 : £nil) at the year end.
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Page Tax Consulting LLP

Owned 99% by Parent Company : Imperium Trust Company (UK) Limited

Costs were recharged to Page Tax Consulting LLP of £29,356 in year regarding salary recharges (2022 : £nil). A creditor balance was shown in the Company of £35,228 (2022 : £nil) at the year end.

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