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Registered number: 03424008
Ethos Imaging Ltd
Unaudited Financial Statements
For The Year Ended 30 September 2024
Saul Fairholm Limited
Chartered Accountants
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB
Contents
Page
Company Information 1
Balance Sheet 2
Notes to the Financial Statements 3—5
Page 1
Company Information
Director Mr N Swindin
Company Number 03424008
Registered Office Unit 15 Halifax Court
Fernwood Business Park, Cross Lane
Newark
NG24 3JP
Accountants Saul Fairholm Limited
Chartered Accountants
12 Tentercroft Street
Lincoln
Lincolnshire
LN5 7DB
Page 1
Page 2
Balance Sheet
Registered number: 03424008
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 5 - 36,185
Cash at bank and in hand 341 476
341 36,661
Creditors: Amounts Falling Due Within One Year 6 (20,086 ) (36,296 )
NET CURRENT ASSETS (LIABILITIES) (19,745 ) 365
TOTAL ASSETS LESS CURRENT LIABILITIES (19,745 ) 365
Creditors: Amounts Falling Due After More Than One Year 7 (13,526 ) (32,927 )
NET LIABILITIES (33,271 ) (32,562 )
CAPITAL AND RESERVES
Called up share capital 8 2 2
Profit and Loss Account (33,273 ) (32,564 )
SHAREHOLDERS' FUNDS (33,271) (32,562)
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors for Ethos Imaging Limited (Company No: 03424008) on 10 April 2025 and were signed on its behalf by:
Mr N Swindin
Director
10/04/2025
The notes on pages 3 to 5 form part of these financial statements.
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Page 3
Notes to the Financial Statements
1. General Information
Ethos Imaging Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 03424008 . The registered office is Unit 15 Halifax Court, Fernwood Business Park, Cross Lane, Newark, NG24 3JP.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 25% Straight line
2.3. Stocks and Work in Progress
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first-in, first-out (FIFO) method.
The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the inventories to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
2.4. Taxation
The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
2.5. Pensions
A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods. 
Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.
2.6. Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
2.7. Trade Debtors
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
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2.8. Trade Creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 4 (2023: 4)
4 4
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 October 2023 35,682
As at 30 September 2024 35,682
Depreciation
As at 1 October 2023 35,682
As at 30 September 2024 35,682
Net Book Value
As at 30 September 2024 -
As at 1 October 2023 -
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings - 36,185
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Trade creditors - (1,266 )
Bank loans and overdrafts 9,700 30
Amounts owed to group undertakings 8,886 24,700
Other creditors 1,500 3,330
Taxation and social security - 9,502
20,086 36,296
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 13,526 32,927
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8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
9. Related Party Transactions
Active8 Managed Technologies Limited
This company is 100% owned by the parent company, A8MT Holdings Limited. At the balance sheet date the amount due (to)/from Active8 Managed Technologies Limited was (£8,886). (2023 - £12,573).
Ridings Reprographics Limited
This company is 100% owned by the parent company, A8MT Holdings Limited. At the balance sheet date the
amount due from Ridings Reprographics Limited was £nil (2023 - £22,581).
10. Ultimate Controlling Party
The company's immediate parent is A8MT Holdings Limited , incorporated in England.
The ultimate controlling party is the directors.
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