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REGISTERED NUMBER: 10740028 (England and Wales)















Imperial Wealth International Ltd

Unaudited Financial Statements

for the Year Ended 30 April 2024






Imperial Wealth International Ltd (Registered number: 10740028)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Imperial Wealth International Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: J L Jones
G T Morgan





REGISTERED OFFICE: 1st Floor, Suite A
Unit E, Copse Walk
Cardiff Gate Business Park
Cardiff
CF23 8RB





REGISTERED NUMBER: 10740028 (England and Wales)





ACCOUNTANTS: Xeinadin South Wales & West Limited
Accountants & Business Advisors
Highdale House
7 Centre Court
Treforest Industrial Estate
Pontypridd
Rhondda Cynon Taff
CF37 5YR

Imperial Wealth International Ltd (Registered number: 10740028)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 14,200 19,500
Tangible assets 5 29,370 23,966
43,570 43,466

CURRENT ASSETS
Debtors 6 70,668 30,668
Cash at bank 79,259 90,992
149,927 121,660
CREDITORS
Amounts falling due within one year 7 28,485 26,997
NET CURRENT ASSETS 121,442 94,663
TOTAL ASSETS LESS CURRENT
LIABILITIES

165,012

138,129

CAPITAL AND RESERVES
Called up share capital 39,002 39,002
Retained earnings 8 126,010 99,127
165,012 138,129

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

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 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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 January 2025 and were signed on its behalf by:





G T Morgan - Director


Imperial Wealth International Ltd (Registered number: 10740028)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Imperial Wealth International Ltd 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 9 (2023 - 11 ) .

Imperial Wealth International Ltd (Registered number: 10740028)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 43,000
AMORTISATION
At 1 May 2023 23,500
Charge for year 5,300
At 30 April 2024 28,800
NET BOOK VALUE
At 30 April 2024 14,200
At 30 April 2023 19,500

5. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 May 2023 4,180 22,735 26,915
Additions 349 5,363 5,712
At 30 April 2024 4,529 28,098 32,627
DEPRECIATION
At 1 May 2023 2,949 - 2,949
Charge for year 308 - 308
At 30 April 2024 3,257 - 3,257
NET BOOK VALUE
At 30 April 2024 1,272 28,098 29,370
At 30 April 2023 1,231 22,735 23,966

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Other debtors 70,668 30,668

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Taxation and social security 3,361 2,392
Other creditors 25,124 24,605
28,485 26,997

Imperial Wealth International Ltd (Registered number: 10740028)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

8. RESERVES
Retained
earnings
£   

At 1 May 2023 99,127
Profit for the year 26,883
At 30 April 2024 126,010