IRIS Accounts Production v24.2.0.383 04635056 director 1.2.23 31.1.24 31.1.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh046350562023-01-31046350562024-01-31046350562023-02-012024-01-31046350562022-01-31046350562022-02-012023-01-31046350562023-01-3104635056ns15:EnglandWales2023-02-012024-01-3104635056ns14:PoundSterling2023-02-012024-01-3104635056ns10:Director12023-02-012024-01-3104635056ns10:PrivateLimitedCompanyLtd2023-02-012024-01-3104635056ns10:SmallEntities2023-02-012024-01-3104635056ns10:AuditExempt-NoAccountantsReport2023-02-012024-01-3104635056ns10:SmallCompaniesRegimeForDirectorsReport2023-02-012024-01-3104635056ns10:SmallCompaniesRegimeForAccounts2023-02-012024-01-3104635056ns10:AbridgedAccounts2023-02-012024-01-3104635056ns10:OrdinaryShareClass12023-02-012024-01-3104635056ns10:CompanySecretary12023-02-012024-01-3104635056ns10:RegisteredOffice2023-02-012024-01-3104635056ns5:CurrentFinancialInstruments2024-01-3104635056ns5:CurrentFinancialInstruments2023-01-3104635056ns5:Non-currentFinancialInstruments2024-01-3104635056ns5:Non-currentFinancialInstruments2023-01-3104635056ns5:ShareCapital2024-01-3104635056ns5:ShareCapital2023-01-3104635056ns5:RetainedEarningsAccumulatedLosses2024-01-3104635056ns5:RetainedEarningsAccumulatedLosses2023-01-3104635056ns5:LeaseholdImprovements2023-02-012024-01-3104635056ns5:FurnitureFittings2023-02-012024-01-3104635056ns5:ComputerEquipment2023-02-012024-01-3104635056ns5:WithinOneYear2024-01-3104635056ns5:WithinOneYear2023-01-3104635056ns5:BetweenOneFiveYears2024-01-3104635056ns5:BetweenOneFiveYears2023-01-3104635056ns5:AllPeriods2024-01-3104635056ns5:AllPeriods2023-01-3104635056ns10:OrdinaryShareClass12024-01-31
REGISTERED NUMBER: 04635056 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY 2024

FOR

IMAGINATE CREATIVE LIMITED

IMAGINATE CREATIVE LIMITED (REGISTERED NUMBER: 04635056)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


IMAGINATE CREATIVE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTOR: Mrs J G Derviller





SECRETARY: Mrs J G Derviller





REGISTERED OFFICE: 44 Oxford Street
Leamington Spa
CV32 4RA





REGISTERED NUMBER: 04635056 (England and Wales)





ACCOUNTANTS: Holder Blackthorn LLP
Blackthorn House
St Pauls Square
Birmingham
B3 1RL

IMAGINATE CREATIVE LIMITED (REGISTERED NUMBER: 04635056)

ABRIDGED BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,169 33,444

CURRENT ASSETS
Debtors 82,128 64,658
Cash at bank and in hand 72,822 74,763
154,950 139,421
CREDITORS
Amounts falling due within one year 60,235 59,854
NET CURRENT ASSETS 94,715 79,567
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,884

113,011

CREDITORS
Amounts falling due after more than one
year

(21,061

)

(33,328

)

PROVISIONS FOR LIABILITIES (4,590 ) (3,800 )
NET ASSETS 93,233 75,883

CAPITAL AND RESERVES
Called up share capital 6 2 2
Retained earnings 93,231 75,881
SHAREHOLDERS' FUNDS 93,233 75,883

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

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

The director acknowledges her 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 financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 January 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 23 October 2024 and were signed by:



Mrs J G Derviller - Director


IMAGINATE CREATIVE LIMITED (REGISTERED NUMBER: 04635056)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

Imaginate Creative 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods
Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on delivery of the goods.

Rendering of services
When the outcome of a transaction can be estimated reliably, turnover from testing, servicing and repair work is recognised by reference to the stage of completion at the balance sheet date. Stage of completion is measured by reference to work performed.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - In accordance with property lease
Fixtures and fittings - 25% on cost
Computer equipment - 33% on cost

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised costs using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or financed at a rate of interest that is not market rate or in case of and out-right short-term loan not at market rate, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.

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.


IMAGINATE CREATIVE LIMITED (REGISTERED NUMBER: 04635056)

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

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

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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 February 2023 148,733
Additions 4,638
At 31 January 2024 153,371
DEPRECIATION
At 1 February 2023 115,289
Charge for year 13,913
At 31 January 2024 129,202
NET BOOK VALUE
At 31 January 2024 24,169
At 31 January 2023 33,444

5. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 11,812 22,500
Between one and five years - 11,812
11,812 34,312

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2