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REGISTERED NUMBER: 10124672 (England and Wales)
















Financial Statements

for the Year Ended 30 April 2024

for

Immersa Limited

Immersa Limited (Registered number: 10124672)

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










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 5


Immersa Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: R G Miles
I R Beath





REGISTERED OFFICE: Suite 4F
Drake House
Dursley
Gloucestershire
GL11 4HH





REGISTERED NUMBER: 10124672 (England and Wales)





ACCOUNTANTS: GCSD Accountants Limited
701 Stonehouse Park
Sperry Way
Stonehouse
Gloucestershire
GL10 3UT

Immersa Limited

Report of the Accountants to the Directors of
Immersa 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 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 Board of Directors as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements and state those matters that we have agreed to state to the Board of Directors, as a body, 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 Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that the Company 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. You consider that the Company 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 the Company. 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.






GCSD Accountants Limited


31 January 2025

Immersa Limited (Registered number: 10124672)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 30,915 37,915
Tangible assets 5 62,798 42,848
Investments 6 1,300 1,300
95,013 82,063

CURRENT ASSETS
Stocks 2,471,993 1,209,077
Debtors 7 3,222,810 3,877,437
Cash at bank 117,026 537,566
5,811,829 5,624,080
CREDITORS
Amounts falling due within one year 8 3,971,946 3,964,580
NET CURRENT ASSETS 1,839,883 1,659,500
TOTAL ASSETS LESS CURRENT LIABILITIES 1,934,896 1,741,563

CREDITORS
Amounts falling due after more than one
year

9

(1,286,305

)

(732,533

)

PROVISIONS FOR LIABILITIES (9,788 ) (9,850 )
NET ASSETS 638,803 999,180

Immersa Limited (Registered number: 10124672)

Balance Sheet - continued
30 April 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2,000 2,000
Share premium 499,500 499,500
Retained earnings 137,303 497,680
SHAREHOLDERS' FUNDS 638,803 999,180

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 31 January 2025 and were signed on its behalf by:





R G Miles - Director


Immersa Limited (Registered number: 10124672)

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


1. STATUTORY INFORMATION

Immersa 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.

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.
Computer equipment - 25% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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


Immersa Limited (Registered number: 10124672)

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

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 23 (2023 - 13 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 70,000
AMORTISATION
At 1 May 2023 32,085
Charge for year 7,000
At 30 April 2024 39,085
NET BOOK VALUE
At 30 April 2024 30,915
At 30 April 2023 37,915

Immersa Limited (Registered number: 10124672)

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


5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 15,076 29,853 - 19,623 64,552
Additions - - 35,495 5,388 40,883
At 30 April 2024 15,076 29,853 35,495 25,011 105,435
DEPRECIATION
At 1 May 2023 3,769 7,812 - 10,123 21,704
Charge for year 2,827 5,510 8,874 3,722 20,933
At 30 April 2024 6,596 13,322 8,874 13,845 42,637
NET BOOK VALUE
At 30 April 2024 8,480 16,531 26,621 11,166 62,798
At 30 April 2023 11,307 22,041 - 9,500 42,848

6. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 May 2023
and 30 April 2024 1,300
NET BOOK VALUE
At 30 April 2024 1,300
At 30 April 2023 1,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 2,447,823 3,093,010
Other debtors 774,987 784,427
3,222,810 3,877,437

Immersa Limited (Registered number: 10124672)

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


8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 3,460,863 3,549,505
Taxation and social security 189,136 66,161
Other creditors 321,947 348,914
3,971,946 3,964,580

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,286,305 732,533

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 133,151 124,575
Between one and five years 130,854 212,652
264,005 337,227

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
R G Miles
Balance outstanding at start of year 147,678 131,962
Amounts advanced 163,322 50,355
Amounts repaid (312 ) (34,639 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 310,688 147,678

Interest is charged at 2.25% on the outstanding balance.