Company Registration No. 08601509 (England and Wales)
Imperial Wealth Advisory Ltd
Unaudited accounts
for the year ended 31 July 2024
Imperial Wealth Advisory Ltd
Unaudited accounts
Contents
Imperial Wealth Advisory Ltd
Company Information
for the year ended 31 July 2024
Company Number
08601509 (England and Wales)
Registered Office
11 Harcourt Way
Meridian Business Park
Leicester
LE19 1WP
Accountants
CJK Accountants
4 Marsh Drive
Husbands Bosworth
Lutterworth
Leicestershire
LE17 6PU
Imperial Wealth Advisory Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
112,366
26,908
Cash at bank and in hand
79,400
91,158
Creditors: amounts falling due within one year
(21,713)
(37,460)
Net current assets
84,350
124,642
Total assets less current liabilities
196,716
151,550
Creditors: amounts falling due after more than one year
(81,605)
(23,978)
Provisions for liabilities
Deferred tax
(6,727)
(6,727)
Net assets
108,384
120,845
Called up share capital
10
10
Profit and loss account
108,374
120,835
Shareholders' funds
108,384
120,845
For the year ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 11 September 2024 and were signed on its behalf by
Chirag Thankey
Director
Company Registration No. 08601509
Imperial Wealth Advisory Ltd
Notes to the Accounts
for the year ended 31 July 2024
Imperial Wealth Advisory Ltd is a private company, limited by shares, registered in England and Wales, registration number 08601509. The registered office is 11 Harcourt Way, Meridian Business Park, Leicester, LE19 1WP.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% reducing balance
Computer equipment
25% reducing balance
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 August 2023
-
32,230
15,790
48,020
Additions
75,506
17,020
6,476
99,002
At 31 July 2024
75,506
49,250
22,266
147,022
At 1 August 2023
-
12,310
8,802
21,112
Charge for the year
943
9,235
3,366
13,544
At 31 July 2024
943
21,545
12,168
34,656
At 31 July 2024
74,563
27,705
10,098
112,366
At 31 July 2023
-
19,920
6,988
26,908
Imperial Wealth Advisory Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
20,907
40,721
Accrued income and prepayments
4,425
11,282
Other debtors
1,331
18,941
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
6,000
6,000
Obligations under finance leases and hire purchase contracts
8,880
-
Trade creditors
3,914
8,538
Taxes and social security
1,718
21,875
7
Creditors: amounts falling due after more than one year
2024
2023
Obligations under finance leases and hire purchase contracts
63,635
-
Loans from directors
10,470
10,478
8
Average number of employees
During the year the average number of employees was 9 (2023: 6).