Company Registration No. 11330444 (England and Wales)
IMAGE IN VINYL LTD
Unaudited accounts
for the year ended 31 May 2024
IMAGE IN VINYL LTD
Unaudited accounts
Contents
IMAGE IN VINYL LTD
Company Information
for the year ended 31 May 2024
Company Number
11330444 (England and Wales)
Registered Office
UNIT 3 MANOR TRADING ESTATE
HAWKINS LANE
BURTON-ON-TRENT
DE14 1QX
ENGLAND
IMAGE IN VINYL LTD
Statement of financial position
as at 31 May 2024
Tangible assets
2,231
2,625
Cash at bank and in hand
12,442
7,678
Creditors: amounts falling due within one year
(15,654)
(13,622)
Net current assets
16,581
8,101
Total assets less current liabilities
18,812
10,726
Creditors: amounts falling due after more than one year
(10,482)
(10,560)
Provisions for liabilities
Profit and loss account
7,806
66
Shareholders' funds
7,906
166
For the year ending 31 May 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 in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 16 January 2025 and were signed on its behalf by
Melissa Watson
Director
Company Registration No. 11330444
IMAGE IN VINYL LTD
Notes to the Accounts
for the year ended 31 May 2024
IMAGE IN VINYL LTD is a private company, limited by shares, registered in England and Wales, registration number 11330444. The registered office is UNIT 3 MANOR TRADING ESTATE, HAWKINS LANE, BURTON-ON-TRENT, DE14 1QX, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Amounts falling due within one year
Trade debtors
14,795
7,152
Accrued income and prepayments
240
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IMAGE IN VINYL LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
1,950
3,800
Taxes and social security
3,470
1,088
Loans from directors
2,278
3,351
7
Creditors: amounts falling due after more than one year
2024
2023
The long term loan is a government backed bounce back loan
8
Average number of employees
During the year the average number of employees was 3 (2023: 3).