2022-11-01 2023-10-31 false Capium Accounts Production 1.1 10447231 bus:AbridgedAccounts 2022-11-01 2023-10-31 10447231 bus:FRS102 2022-11-01 2023-10-31 10447231 bus:AuditExemptWithAccountantsReport 2022-11-01 2023-10-31 10447231 bus:SmallCompaniesRegimeForAccounts 2022-11-01 2023-10-31 10447231 bus:PrivateLimitedCompanyLtd 2022-11-01 2023-10-31 10447231 2022-11-01 2023-10-31 10447231 2023-10-31 10447231 bus:RegisteredOffice 2022-11-01 2023-10-31 10447231 core:WithinOneYear 2023-10-31 10447231 core:AfterOneYear 2023-10-31 10447231 bus:Director1 2022-11-01 2023-10-31 10447231 bus:Director1 2023-10-31 10447231 bus:Director1 2021-11-01 2022-10-31 10447231 2021-11-01 10447231 bus:LeadAgentIfApplicable 2022-11-01 2023-10-31 10447231 2021-11-01 2022-10-31 10447231 2022-10-31 10447231 core:WithinOneYear 2022-10-31 10447231 core:AfterOneYear 2022-10-31 10447231 bus:EntityAccountantsOrAuditors 2021-11-01 2022-10-31 10447231 bus:OrdinaryShareClass1 2022-11-01 2023-10-31 10447231 bus:OrdinaryShareClass1 2023-10-31 10447231 bus:OrdinaryShareClass1 2021-11-01 2022-10-31 10447231 bus:OrdinaryShareClass1 2022-10-31 10447231 core:ComputerEquipment 2022-11-01 2023-10-31 10447231 core:ComputerEquipment 2023-10-31 10447231 core:ComputerEquipment 2022-10-31 10447231 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2023-10-31 10447231 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2022-10-31 10447231 core:CostValuation core:Non-currentFinancialInstruments 2023-10-31 10447231 core:CostValuation core:Non-currentFinancialInstruments 2022-10-31 10447231 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2023-10-31 10447231 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 10447231 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2023-10-31 10447231 core:Non-currentFinancialInstruments 2023-10-31 10447231 core:Non-currentFinancialInstruments 2022-10-31 10447231 core:ShareCapital 2023-10-31 10447231 core:ShareCapital 2022-10-31 10447231 core:RetainedEarningsAccumulatedLosses 2023-10-31 10447231 core:RetainedEarningsAccumulatedLosses 2022-10-31 10447231 dpl:Item1 2022-11-01 10447231 dpl:Item1 2023-10-31 10447231 dpl:Item1 2021-11-01 10447231 dpl:Item1 2022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10447231
England and Wales

 

 

 

IMPERIAL SUPPLIES LTD


Abridged Accounts
 


Period of accounts

Start date: 01 November 2022

End date: 31 October 2023
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of IMPERIAL SUPPLIES LTD for the year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of IMPERIAL SUPPLIES LTD for the year ended 31 October 2023 which comprise of the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/members/regulations-standards-and-guidance
This report is made solely to the Board of Directors of IMPERIAL SUPPLIES LTD , as a body, in accordance with the terms of our engagement letter dated 01 November 2022. Our work has been undertaken solely to prepare for your approval the accounts of IMPERIAL SUPPLIES LTD and state those matters that we have agreed to state to the Board of Directors of IMPERIAL SUPPLIES LTD , as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than IMPERIAL SUPPLIES LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that IMPERIAL SUPPLIES LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of IMPERIAL SUPPLIES LTD . You consider that IMPERIAL SUPPLIES LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of IMPERIAL SUPPLIES LTD . For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts
31 October 2023



....................................................
PHS Associates Acc Co
223 St Albans Road
Watford
WD24 5BH
25 November 2024
1
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 2,386    2,386 
2,386    2,386 
Current assets      
Stocks 41,700    28,000 
Debtors: amounts falling due within one year 175,210    76,400 
Cash at bank and in hand 142,689    (2,663)
359,599    101,737 
Creditors: amount falling due within one year (326,934)   (60,086)
Net current assets 32,665    41,651 
 
Total assets less current liabilities 35,051    44,037 
Net assets 35,051    44,037 
 

Capital and reserves
     
Called up share capital 4 1    1 
Profit and loss account 35,050    44,036 
Shareholders' funds 35,051    44,037 
 


For the year ended 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 25 November 2024 and were signed by:


-------------------------------
Duminda Ajith WARNAPALA
Director
2
General Information
IMPERIAL SUPPLIES LTD is a private company, limited by shares, registered in England and Wales, registration number 10447231, registration address 71-75 Shelton Street, London, England, WC2H 9JQ.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe that the company is experiencing good levels of sales growth and profitability, and that it is well placed to manage its business risks successfully. Accordingly, they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Government grants
Government grants received are credited to deferred income. Grants towards capital expenditure are released to the income statement over the expected useful life of the assets. Grants received towards revenue expenditure are released to the income statement as the related expenditure is incurred.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Stocks
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads.
2.

Average number of employees

Average number of employees during the year was 3 (2022 : 3).
3.

Tangible fixed assets

Cost or valuation Computer Equipment   Total
  £   £
At 01 November 2022 2,386    2,386 
Additions  
Disposals  
At 31 October 2023 2,386    2,386 
Depreciation
At 01 November 2022  
Charge for year  
On disposals  
At 31 October 2023  
Net book values
Closing balance as at 31 October 2023 2,386    2,386 
Opening balance as at 01 November 2022 2,386    2,386 


4.

Share Capital

Allotted, called up and fully paid
2023
£
  2022
£
1 Class A share of £1.00 each  
 

3