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REGISTERED NUMBER: 09231860 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Imperium Stamps Limited

Imperium Stamps Limited (Registered number: 09231860)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 7

Imperium Stamps Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Mrs D L Vaughan
A Vaughan





REGISTERED OFFICE: 3 Lady Bank
Tamworth
Staffordshire
B79 7NB





REGISTERED NUMBER: 09231860 (England and Wales)





ACCOUNTANTS: Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD

Imperium Stamps Limited (Registered number: 09231860)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,895 2,483

CURRENT ASSETS
Stocks 96,000 44,000
Debtors 5 7,480 28,248
Cash at bank and in hand 439,222 361,121
542,702 433,369
CREDITORS
Amounts falling due within one year 6 (115,001 ) (78,297 )
NET CURRENT ASSETS 427,701 355,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

431,596

357,555

PROVISIONS FOR LIABILITIES (974 ) (269 )
NET ASSETS 430,622 357,286

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 430,620 357,284
SHAREHOLDERS' FUNDS 430,622 357,286

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

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

The directors acknowledge their 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.

Imperium Stamps Limited (Registered number: 09231860)

Balance Sheet - continued
31 July 2024


The 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 October 2024 and were signed on its behalf by:





A Vaughan - Director


Imperium Stamps Limited (Registered number: 09231860)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Imperium Stamps 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 15% on reducing balance
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


Imperium Stamps Limited (Registered number: 09231860)

Notes to the Financial Statements - continued
for the Year Ended 31 July 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 - 8,182 8,182
Additions 2,400 1,070 3,470
At 31 July 2024 2,400 9,252 11,652
DEPRECIATION
At 1 August 2023 - 5,699 5,699
Charge for year 160 1,898 2,058
At 31 July 2024 160 7,597 7,757
NET BOOK VALUE
At 31 July 2024 2,240 1,655 3,895
At 31 July 2023 - 2,483 2,483

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 27,000
Other debtors 7,480 1,248
7,480 28,248

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 18,150 41,684
Amounts owed to group undertakings 46,501 9,410
Taxation and social security 46,881 23,982
Other creditors 3,469 3,221
115,001 78,297

Imperium Stamps Limited (Registered number: 09231860)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 13,660 -
Between one and five years 21,628 -
35,288 -

8. CALLED UP SHARE CAPITAL

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

9. ULTIMATE CONTROLLING PARTY

The entire share capital of Imperium Stamps Limited is owned by Carnbrea Properties Limited, a company registered in England and Wales. Registerd office: 4 Lady Bank, Tamworth, Staffordshire, B79 7NB.

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Imperium Stamps Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Imperium Stamps Limited for the year ended 31 July 2024 which comprise the Profit and Loss Account, Balance Sheet, 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Imperium Stamps Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Imperium Stamps Limited and state those matters that we have agreed to state to the Board of Directors of Imperium Stamps Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imperium Stamps Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Imperium Stamps Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Imperium Stamps Limited. You consider that Imperium Stamps Limited 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 financial statements of Imperium Stamps Limited. 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 financial statements.






Tomkinson Teal (Lichfield) LLP
Hanover Court
5 Queen Street
Lichfield
Staffordshire
WS13 6QD


31 October 2024