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Image Creation Limited
Registered Number:03520870
For the year ended 30 April 2024
England and Wales
Unaudited Financial Statements
2
For the year ended 30 April 2024
Image Creation Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
Registered Number :
03520870
As at 30 April 2024
Image Creation Limited
Statement of Financial Position
£
£
2023
2024
Notes
Fixed assets
Property, plant and equipment
1,161,994
1,184,743
1,161,994
1,184,743
Current assets
Trade and other receivables
1,933,942
1,519,269
2
1,911,535
Cash and cash equivalents
4,906,240
6,425,509
3,845,477
Trade and other payables: amounts falling due within one
year
(1,213,810)
(2,577,126)
3
2,631,667
3,848,383
Net current assets
Total assets less current liabilities
5,010,377
3,816,410
Trade and other payables: amounts falling due after more
than one year
(869,749)
(848,628)
4
4,161,749
Net assets
2,946,661
Capital and reserves
Called up share capital
100
100
Retained earnings
4,161,649
2,946,561
4,161,749
2,946,661
Shareholders' funds
For the year ended 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 of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Andrew Kipping Director
These financial statements were approved and authorised for issue by the Board on 22 January 2025 and were signed by:
The notes form part of these financial statements
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4
For the year ended 30 April 2024
Image Creation Limited
Notes to the Financial Statements
Statutory Information
Image Creation Limited is a private limited company, limited by shares, domiciled in England and Wales, registration
number 03520870.
Registered address:
The Stables
Lillyfee Farm
Broad Lane
Wooburn Common Bucks
HP10 0LL
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
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:
Plant and machinery
25% Straight line
25% Straight line
Computer equipment
25% Straight line
Motor vehicles
25% Straight line
Fixtures and fittings
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis.
2. Trade and other receivables
2023
2024
£
£
Trade debtors
1,425,537
1,722,519
Other debtors
93,732
211,423
1,933,942
1,519,269
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5
For the year ended 30 April 2024
Image Creation Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2023
2024
£
£
Bank loans and overdraft
325,893
9,192
Trade creditors
681,029
782,347
Taxation and social security
720,329
275,568
Other creditors
849,875
146,703
2,577,126
1,213,810
4. Trade and other payables: amounts falling due after more than one year
2023
2024
£
£
Other creditors
848,628
869,749
5. Average number of persons employed
During the year the average number of employees was 40 (2023 : 39)
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