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REGISTERED NUMBER: 04304375 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2024

FOR

IMPERIAL CARRIAGES LIMITED

IMPERIAL CARRIAGES LIMITED (REGISTERED NUMBER: 04304375)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMPERIAL CARRIAGES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: S J Wright





SECRETARY: M Swales





REGISTERED OFFICE: Ongar Road
Cooksmill Green
Chelmsford
Essex
CM1 3SR





REGISTERED NUMBER: 04304375 (England and Wales)





ACCOUNTANTS: Tish Press & Company
Create Business Hub
Ground Floor
5 Rayleigh Road
Hutton, Brentwood.
Essex
CM13 1AB

IMPERIAL CARRIAGES LIMITED (REGISTERED NUMBER: 04304375)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 487,947 279,186
487,947 279,186

CURRENT ASSETS
Stocks 3,495,472 4,860,051
Debtors 6 553,740 370,405
Cash at bank and in hand 469,321 1,239
4,518,533 5,231,695
CREDITORS
Amounts falling due within one year 7 2,194,531 2,630,084
NET CURRENT ASSETS 2,324,002 2,601,611
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,811,949

2,880,797

CREDITORS
Amounts falling due after more than one
year

8

58,332

100,000
NET ASSETS 2,753,617 2,780,797

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 2,753,517 2,780,697
SHAREHOLDERS' FUNDS 2,753,617 2,780,797

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

IMPERIAL CARRIAGES LIMITED (REGISTERED NUMBER: 04304375)

BALANCE SHEET - continued
30 JUNE 2024


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 17 April 2025 and were signed by:





S J Wright - Director


IMPERIAL CARRIAGES LIMITED (REGISTERED NUMBER: 04304375)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1. STATUTORY INFORMATION

Imperial Carriages 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 2003, is being amortised evenly over its estimated useful life of ten years.

This was determined by a review of its value to the company on purchase.

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.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

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

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.

IMPERIAL CARRIAGES LIMITED (REGISTERED NUMBER: 04304375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 - 8 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 500,000
AMORTISATION
At 1 July 2023
and 30 June 2024 500,000
NET BOOK VALUE
At 30 June 2024 -
At 30 June 2023 -

Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.

5. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 July 2023 10,291 425,114 23,047 458,452
Additions - 295,621 - 295,621
At 30 June 2024 10,291 720,735 23,047 754,073
DEPRECIATION
At 1 July 2023 3,904 152,315 23,047 179,266
Charge for year 1,598 85,262 - 86,860
At 30 June 2024 5,502 237,577 23,047 266,126
NET BOOK VALUE
At 30 June 2024 4,789 483,158 - 487,947
At 30 June 2023 6,387 272,799 - 279,186

IMPERIAL CARRIAGES LIMITED (REGISTERED NUMBER: 04304375)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 256,452 147,950
Other debtors 297,288 222,455
553,740 370,405

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 50,000 248,069
Stock Loan 1,397,600 1,688,778
Trade creditors 659,974 486,940
Tax 213 106,522
Social security and other taxes 2,168 2,781
VAT 28,601 14,396
Other creditors 21,240 48,106
Directors' current accounts 135 242
Accruals and deferred income 34,600 34,250
2,194,531 2,630,084

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 50,000 50,000
Bank loans - 2-5 years 8,332 50,000
58,332 100,000

9. SECURED INDEBTEDNESS

The bank loans, stock loan and overdraft are secured by a charge on all the company's assets.

10. CONTROL

The company is controlled by SJ Wright, the director.