Acorah Software Products - Accounts Production 15.0.600 false true 30 April 2023 1 May 2022 false 1 May 2023 30 April 2024 30 April 2024 03172290 Mr P Ralph Mr A Ralph Ms C Ralph iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 03172290 2023-04-30 03172290 2024-04-30 03172290 2023-05-01 2024-04-30 03172290 frs-core:CurrentFinancialInstruments 2024-04-30 03172290 frs-core:Non-currentFinancialInstruments 2024-04-30 03172290 frs-core:ComputerEquipment 2024-04-30 03172290 frs-core:ComputerEquipment 2023-05-01 2024-04-30 03172290 frs-core:ComputerEquipment 2023-04-30 03172290 frs-core:SharePremium 2024-04-30 03172290 frs-core:ShareCapital 2024-04-30 03172290 frs-core:RetainedEarningsAccumulatedLosses 2024-04-30 03172290 frs-bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 03172290 frs-bus:FilletedAccounts 2023-05-01 2024-04-30 03172290 frs-bus:SmallEntities 2023-05-01 2024-04-30 03172290 frs-bus:AuditExempt-NoAccountantsReport 2023-05-01 2024-04-30 03172290 frs-bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 03172290 frs-bus:Director1 2023-05-01 2024-04-30 03172290 frs-bus:Director2 2023-05-01 2024-04-30 03172290 frs-bus:Director3 2023-05-01 2024-04-30 03172290 frs-countries:EnglandWales 2023-05-01 2024-04-30 03172290 2022-04-30 03172290 2023-04-30 03172290 2022-05-01 2023-04-30 03172290 frs-core:CurrentFinancialInstruments 2023-04-30 03172290 frs-core:Non-currentFinancialInstruments 2023-04-30 03172290 frs-core:SharePremium 2023-04-30 03172290 frs-core:ShareCapital 2023-04-30 03172290 frs-core:RetainedEarningsAccumulatedLosses 2023-04-30
Registered number: 03172290
Imagine Events Limited
Unaudited Financial Statements
For The Year Ended 30 April 2024
Contents
Page
Statement of Financial Position 1—2
Notes to the Financial Statements 3—5
Page 1
Statement of Financial Position
Registered number: 03172290
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 17,484 7,811
17,484 7,811
CURRENT ASSETS
Stocks 5 23,215 6,360
Debtors 6 64,946 319,206
Cash at bank and in hand 186,011 185,524
274,172 511,090
Creditors: Amounts Falling Due Within One Year 7 (197,036 ) (399,024 )
NET CURRENT ASSETS (LIABILITIES) 77,136 112,066
TOTAL ASSETS LESS CURRENT LIABILITIES 94,620 119,877
Creditors: Amounts Falling Due After More Than One Year 8 (60,022 ) (90,227 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (4,371 ) (1,054 )
NET ASSETS 30,227 28,596
CAPITAL AND RESERVES
Called up share capital 9 100 100
Share premium account 24,975 24,975
Income Statement 5,152 3,521
SHAREHOLDERS' FUNDS 30,227 28,596
Page 1
Page 2
For the year ending 30 April 2024 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 Income Statement.
On behalf of the board
Mr A Ralph
Director
24/10/2024
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Imagine Events Limited is a private company, limited by shares, incorporated in England & Wales, registered number 03172290 . The registered office is 3 The Copse, Wargrave, Berkshire, RG10 8AU.
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:
Computer Equipment 3 year straight line
2.4. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.5. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.6. 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.
...CONTINUED
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2.6. Taxation - continued
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: 7 (2023: 6)
7 6
4. Tangible Assets
Computer Equipment
£
Cost
As at 1 May 2023 91,158
Additions 20,607
As at 30 April 2024 111,765
Depreciation
As at 1 May 2023 83,347
Provided during the period 10,934
As at 30 April 2024 94,281
Net Book Value
As at 30 April 2024 17,484
As at 1 May 2023 7,811
5. Stocks
2024 2023
£ £
Materials 23,215 6,360
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 61,359 293,172
Other debtors 3,587 26,034
64,946 319,206
Page 4
Page 5
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors 155,458 163,521
Bank loans and overdrafts 30,205 56,068
Other creditors 1,067 128,819
Taxation and social security 10,306 50,616
197,036 399,024
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 60,022 90,227
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
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