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REGISTERED NUMBER: 06895438 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Imagination Technology Limited

Imagination Technology Limited (Registered number: 06895438)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Imagination Technology Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: Mr M J Lloyd





SECRETARY: Mr M J Lloyd





REGISTERED OFFICE: Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA





BUSINESS ADDRESS: 113 St George's Road
Cheltenham
Gloucestershire
GL50 3ED





REGISTERED NUMBER: 06895438 (England and Wales)





ACCOUNTANTS: ARC & Co. Accountants Limited
Northfield House
Shurdington Road
Bentham
Cheltenham
Gloucestershire
GL51 4UA

Imagination Technology Limited (Registered number: 06895438)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 663 965

CURRENT ASSETS
Debtors 5 10,560 11,616
Cash at bank 94,600 66,258
105,160 77,874
CREDITORS
Amounts falling due within one year 6 25,388 24,008
NET CURRENT ASSETS 79,772 53,866
TOTAL ASSETS LESS CURRENT
LIABILITIES

80,435

54,831

CAPITAL AND RESERVES
Called up share capital 7 1,001 1,001
Retained earnings 8 79,434 53,830
SHAREHOLDERS' FUNDS 80,435 54,831

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 10 April 2025 and were signed by:





Mr M J Lloyd - Director


Imagination Technology Limited (Registered number: 06895438)

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

1. STATUTORY INFORMATION

Imagination Technology 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 33% 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.

3. EMPLOYEES AND DIRECTORS

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

Imagination Technology Limited (Registered number: 06895438)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 483 1,889 2,372
DEPRECIATION
At 1 August 2023 279 1,128 1,407
Charge for year 51 251 302
At 31 July 2024 330 1,379 1,709
NET BOOK VALUE
At 31 July 2024 153 510 663
At 31 July 2023 204 761 965

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 10,560 11,616

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Corporation tax 20,102 18,248
Social security and other taxes 162 403
VAT 2,973 3,845
Directors' current accounts 891 252
Accrued expenses 1,260 1,260
25,388 24,008

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
148 Ordinary A £6.76 1,000 1,000
1 Ordinary B £1 1 1
1,001 1,001

Imagination Technology Limited (Registered number: 06895438)

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

8. RESERVES
Retained
earnings
£   

At 1 August 2023 53,830
Profit for the year 69,604
Dividends (44,000 )
At 31 July 2024 79,434

9. RELATED PARTY DISCLOSURES

During the year the director, Mr M J Lloyd, made net deposits to his account of £639. The balance on his account at 31 July 2024 was £891 in credit (2023 - £252).

Also during the year, Mr M J Lloyd received dividends from the company of £19,000 (2023 - £23,000).

10. ULTIMATE CONTROLLING PARTY

The director acknowledges that there is no ultimate controlling party as no individual holds a majority of the company's issued, voting share capital.