REGISTERED NUMBER: |
IMAGE HOUSE LIMITED |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
REGISTERED NUMBER: |
IMAGE HOUSE LIMITED |
Unaudited Financial Statements for the Year Ended 30 April 2024 |
IMAGE HOUSE LIMITED (REGISTERED NUMBER: 01785174) |
Contents of the Financial Statements |
for the year ended 30 April 2024 |
Page |
Accountants' Report | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 | to | 5 |
Accountants' Report to the Director |
on the Unaudited Financial Statements of |
Image House Limited |
The following reproduces the text of the report prepared for the director 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 Director 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 Image House Limited for the year ended 30 April 2024 which comprise the Profit and loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. |
This report is made solely to the director of Image House Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Image House Limited and state those matters that we have agreed to state to the director of Image House Limited in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report. |
It is your duty to ensure that Image House 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 loss of Image House Limited. You consider that Image House 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 Image House 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. |
CUBO Birmingham |
4th Floor |
Two Chamberlain Square |
Birmingham |
West Midlands |
B3 3AX |
IMAGE HOUSE LIMITED (REGISTERED NUMBER: 01785174) |
Balance Sheet |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 4 |
Investment property | 5 |
Current assets |
Debtors | 6 |
Cash at bank |
Creditors |
Amounts falling due within one year | 7 |
Net current assets |
Total assets less current liabilities |
Capital and reserves |
Called up share capital |
Retained earnings |
Shareholders' funds |
The director acknowledges his 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 were approved by the director and authorised for issue on |
IMAGE HOUSE LIMITED (REGISTERED NUMBER: 01785174) |
Notes to the Financial Statements |
for the year ended 30 April 2024 |
1. | Company information |
Image House Limited is a |
Registered number: |
Registered office: |
2. | Accounting policies |
Accounting convention |
Tangible fixed assets |
Tangible fixed assets are initially recognised at cost less accumulated depreciation and any accumulated impairment losses. |
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. |
Motor Vehicles - 33% on cost |
Investment property |
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. |
Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets |
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. |
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. |
Debtors and creditors receivable/payable within one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at the transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. |
IMAGE HOUSE LIMITED (REGISTERED NUMBER: 01785174) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2024 |
3. | Employees and directors |
The average number of employees during the year was |
4. | Tangible fixed assets |
Motor |
vehicles |
£ |
Cost |
At 1 May 2023 |
and 30 April 2024 |
Depreciation |
At 1 May 2023 |
and 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
5. | Investment property |
Total |
£ |
Fair value |
At 1 May 2023 |
and 30 April 2024 |
Net book value |
At 30 April 2024 |
At 30 April 2023 |
6. | Debtors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other debtors |
Prepayments |
7. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
VAT | 970 | 1,000 |
Other creditors |
Directors' current accounts | 4,086 | 512 |
Accrued expenses |
IMAGE HOUSE LIMITED (REGISTERED NUMBER: 01785174) |
Notes to the Financial Statements - continued |
for the year ended 30 April 2024 |
8. | Related party disclosures |
The following amounts were outstanding at the reporting end date: |
2024 | 2023 |
Amounts owed to related parties | £ | £ |
Key management personnel | 3,636 | 511 |
Other related parties | 67,452 | 67,452 |
The following amounts were outstanding at the reporting end date: |
2024 | 2023 |
Amounts owed by related parties | £ | £ |
Other related parties | - | 99,752 |