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REGISTERED NUMBER: 11741010 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

IMG Connect Ltd

IMG Connect Ltd (Registered number: 11741010)






Contents of the Financial Statements
for the Year Ended 31 December 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


IMG Connect Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTORS: M Garrett Anderson
R Mackay





REGISTERED OFFICE: Shoreditch Exchange
Senna Building
Gorsuch Place
London
E2 8JF





REGISTERED NUMBER: 11741010 (England and Wales)





ACCOUNTANTS: Dragon Argent Limited
63 Bermondsey Street
London
SE1 3XF

IMG Connect Ltd (Registered number: 11741010)

Statement of Financial Position
31 December 2024

31.12.24 31.12.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,826 6,165

CURRENT ASSETS
Debtors 5 51,399 202,758
Cash at bank 87,868 111,452
139,267 314,210
CREDITORS
Amounts falling due within one year 6 86,493 135,676
NET CURRENT ASSETS 52,774 178,534
TOTAL ASSETS LESS CURRENT
LIABILITIES

55,600

184,699

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 55,599 184,698
55,600 184,699

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 26 March 2025 and were signed on its behalf by:





M Garrett Anderson - Director


IMG Connect Ltd (Registered number: 11741010)

Notes to the Financial Statements
for the Year Ended 31 December 2024

1. STATUTORY INFORMATION

IMG Connect 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.

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.

Revenue is recognised for permanent placements at the point in time the candidate commences employment. Revenue is recognised for temporary placements at the point in time that temporary workers are provided and continues through the duration of the placement.

Tangible fixed assets
Tangible fixed assets are are measured 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.
Fixtures and Fittings - 33% on cost
Computer Equipment - 33% on cost

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 statement of financial position date.

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 10 (2023 - 10 ) .

IMG Connect Ltd (Registered number: 11741010)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2024
and 31 December 2024 1,097 11,577 12,674
DEPRECIATION
At 1 January 2024 334 6,175 6,509
Charge for year 219 3,120 3,339
At 31 December 2024 553 9,295 9,848
NET BOOK VALUE
At 31 December 2024 544 2,282 2,826
At 31 December 2023 763 5,402 6,165

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 43,200 190,785
Other debtors 8,199 11,973
51,399 202,758

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade creditors 10,339 2,444
Taxation and social security 72,765 120,060
Other creditors 3,389 13,172
86,493 135,676

7. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.12.24 31.12.23
£    £   
Within one year - 19,992

8. RELATED PARTY DISCLOSURES

As at the balance sheet date, included in creditors due within one year is £Nil (2023: £10,963) due and payable from directors. The loan is interest free and repayable on demand.