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REGISTERED NUMBER: 10883912 (England and Wales)










Financial Statements

for the Year Ended 31 July 2024

for

Igloo Imaging Limited

Igloo Imaging Limited (Registered number: 10883912)






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


Igloo Imaging Limited

Company Information
for the Year Ended 31 July 2024







DIRECTOR: D Macgill





REGISTERED OFFICE: 29 Brookvale Avenue
Newcastle Upon Tyne
NE3 4PU





REGISTERED NUMBER: 10883912 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
52-56 Coatsworth Road
Gateshead
NE8 1QN

Igloo Imaging Limited (Registered number: 10883912)

Balance Sheet
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 6,271 5,590

CURRENT ASSETS
Debtors 4 252 17,968
Cash at bank 29,865 26,013
30,117 43,981
CREDITORS
Amounts falling due within one year 5 (11,950 ) (20,664 )
NET CURRENT ASSETS 18,167 23,317
TOTAL ASSETS LESS CURRENT
LIABILITIES

24,438

28,907

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 24,338 28,807
24,438 28,907

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 25 April 2025 and were signed by:





D Macgill - Director


Igloo Imaging Limited (Registered number: 10883912)

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

1. 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.
Plant and machinery - 15% on reducing balance
Computer equipment - 33.33% 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 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.

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.

2. EMPLOYEES AND DIRECTORS

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

Igloo Imaging Limited (Registered number: 10883912)

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

3. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2023 8,643 791 9,434
Additions 278 2,053 2,331
At 31 July 2024 8,921 2,844 11,765
DEPRECIATION
At 1 August 2023 3,687 157 3,844
Charge for year 754 896 1,650
At 31 July 2024 4,441 1,053 5,494
NET BOOK VALUE
At 31 July 2024 4,480 1,791 6,271
At 31 July 2023 4,956 634 5,590

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 252 17,172
VAT - 796
252 17,968

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 6) 3,719 6,467
Trade creditors 1,921 1,198
Corporation tax 3,061 12,814
VAT 2,912 -
Directors' current accounts 337 185
11,950 20,664

6. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 3,719 6,467

Igloo Imaging Limited (Registered number: 10883912)

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

7. RESERVES
Retained
earnings
£   

At 1 August 2023 28,807
Profit for the year 13,731
Dividends (18,200 )
At 31 July 2024 24,338