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REGISTERED NUMBER: 08674259 (England and Wales)















Financial Statements for the Year Ended 31st August 2024

for

Information In Images Limited

Information In Images Limited (Registered number: 08674259)






Contents of the Financial Statements
for the Year Ended 31st August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Information In Images Limited

Company Information
for the Year Ended 31st August 2024







DIRECTOR: M Broderick





SECRETARY: Best4Business Limited





REGISTERED OFFICE: 9 Caxton House
Broad Street
Great Cambourne
Cambridge
CB23 6JN





REGISTERED NUMBER: 08674259 (England and Wales)





ACCOUNTANTS: Best4business Accountants & Company Ltd
9 Caxton House
Broad Street
Cambourne
Cambridge
Cambridgeshire
CB23 6JN

Information In Images Limited (Registered number: 08674259)

Balance Sheet
31st August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 14

CURRENT ASSETS
Debtors 5 41 -
Cash at bank 1,007 27,397
1,048 27,397
CREDITORS
Amounts falling due within one year 6 (38,879 ) (28,202 )
NET CURRENT LIABILITIES (37,831 ) (805 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(37,831

)

(791

)

PROVISIONS FOR LIABILITIES - (3 )
NET LIABILITIES (37,831 ) (794 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 7 (37,832 ) (795 )
(37,831 ) (794 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st August 2024 in accordance with Section 476 of the Companies Act 2006.

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 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 director and authorised for issue on 8th April 2025 and were signed by:





M Broderick - Director


Information In Images Limited (Registered number: 08674259)

Notes to the Financial Statements
for the Year Ended 31st August 2024

1. STATUTORY INFORMATION

Information In Images 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.

Depreciation
Depreciation has been provided at the following rates in order to write-off the assets over their estimated useful lives.

Computer and office equipment - over 2 years (straight line)

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.

Research and development
Research expenditure is written off as incurred. Development expenditure is also written off, except where the company is satisfied as to the technical, commercial and financial viability of individual projects. In such cases, the identifiable expenditure is deferred and amortised over the period during which the group is expected to benefit.

Foreign currencies
Transactions in foreign currencies are recorded using the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated using the rate of exchange ruling at the balance sheet date and the gains and losses on translation are included in the profit and loss account.

Government grants
Capital based government grants are included within accruals and deferred income in the balance sheet and credited to trading profit over the estimated useful economics lives of the assets to which they relate.

Information In Images Limited (Registered number: 08674259)

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

2. ACCOUNTING POLICIES - continued

Leases
Where the Company enters into a lease which entails taking substantially all the risks and rewards of the ownership of an asset, the lease is treated as a ‘finance lease’. The asset is recorded in the balance sheet as a tangible fixed asset and is depreciated over its estimated useful life or the term of the lease, whichever is shorter. Future instalments under such lease, net of finance charges, are included within creditors. Rentals payable are apportioned between the finance element which is charged to the Income and Expenditure account, and the capital element which reduces the outstanding obligation for future instalments.

All other leases are accounted for as ‘operating leases’ and the rental charges are charged to the Income and Expenditure account on a straight line basis over the life of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1st September 2023
and 31st August 2024 5,385
DEPRECIATION
At 1st September 2023 5,371
Charge for year 14
At 31st August 2024 5,385
NET BOOK VALUE
At 31st August 2024 -
At 31st August 2023 14

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT 41 -

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
VAT - 323
Directors' current accounts 38,879 27,879
38,879 28,202

Information In Images Limited (Registered number: 08674259)

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

7. RESERVES
Retained
earnings
£   

At 1st September 2023 (795 )
Deficit for the year (37,037 )
At 31st August 2024 (37,832 )

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits from a director subsisted during the years ended 31st August 2024 and 31st August 2023:

2024 2023
£    £   
M Broderick
Balance outstanding at start of year 27,879 16,364
Amounts advanced 13,119 22,038
Amounts repaid (2,119 ) (10,523 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 38,879 27,879

9. RELATED PARTY DISCLOSURES

At the balance sheet date the total balance due to Mr M Broderick was £38,879 (2023: £27,879). No interest is payable on this loan and it is repayable on demand.

10. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr M Broderick, who owns and controls 100% of the issued ordinary share capital of the company.