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REGISTERED NUMBER: SC207847 (Scotland)















Financial Statements for the Year Ended 31 August 2024

for

IMPRESS INTERNATIONAL MEDIA LTD.

IMPRESS INTERNATIONAL MEDIA LTD. (REGISTERED NUMBER: SC207847)

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










Page

Balance Sheet 1

Notes to the Financial Statements 2


IMPRESS INTERNATIONAL MEDIA LTD. (REGISTERED NUMBER: SC207847)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
Fixed assets
Tangible assets 4 5,110 8,805

Current assets
Debtors 5 17,471 23,569
Cash at bank 76,184 117,992
93,655 141,561
Creditors
Amounts falling due within one year 6 (11,823 ) (24,775 )
Net current assets 81,832 116,786
Total assets less current liabilities 86,942 125,591

Provisions for liabilities (1,354 ) (2,334 )
Net assets 85,588 123,257

Capital and reserves
Called up share capital 8 2 2
Retained earnings 85,586 123,255
Shareholders' funds 85,588 123,257

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:





M J O'Kane - Director


IMPRESS INTERNATIONAL MEDIA LTD. (REGISTERED NUMBER: SC207847)

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


1. Statutory information

Impress International Media Ltd. is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC207847

Registered office: The Hayloft
Dalhousie Mains
Dalkeith
Midlothian
EH22 3LZ

The presentation currency of the financial statements is the Pound Sterling (£).


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 net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from media representation services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Interest

Interest income is recognised using the effective interest method.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Tenant's improvements - 10% straight line
Office furniture & equipment - 15% reducing balance
Computer equipment - 33% reducing balance

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the assets capable of operating as intended.

Impairment
Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.


IMPRESS INTERNATIONAL MEDIA LTD. (REGISTERED NUMBER: SC207847)

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


2. Accounting policies - continued
Taxation
Current taxation represents the amount of taxation payable or receivable in respect of the taxable profit (or loss) for the current or past reporting periods. It is measured at the amount expected to be paid or recovered using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred taxation represents the future taxation consequences of transactions and events recognised in the
financial statements of current and previous periods. It is recognised in respect of all timing differences, with
certain exceptions. Timing differences are differences between taxable profits and total comprehensive income as stated in the financial statements that arise from the inclusion of income and expense in tax assessments in periods different from those in which they are recognised in the financial statements. Unrelieved taxation losses and other deferred taxation assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred taxation liabilities or other future taxable profits.

Deferred taxation is measured using the taxation rates and laws that have been enacted or substantively enacted by the balance sheet date that are expected to apply to the reversal of timing differences.

Pension costs and other post-retirement benefits
The company operates money purchase (defined contribution) pension scheme. Contributions are charged against profits on the amounts payable for the year.

Operating leases
Rentals payable under operating leases are charged to the profit and loss account on a straight line basis over the period of the lease.

Debtors and creditors receivable / payable within one year
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

Bank and cash
Cash at bank and in hand includes cash and short term highly liquid investments with a short
maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

Foreign currency translation
Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. Assets and liabilities denominated in foreign currencies are translated into Sterling at the rate of exchange ruling at the balance sheet date. All exchange differences are taken into account in arriving at the operating profit.

3. Employees and directors

The average number of employees during the year was 4 (2023 - 5 ) .

IMPRESS INTERNATIONAL MEDIA LTD. (REGISTERED NUMBER: SC207847)

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


4. Tangible fixed assets
Office
Tenant's furniture Computer
improvement & equipment equipment Totals
£    £    £    £   
Cost
At 1 September 2023 12,437 29,549 5,586 47,572
Additions - 2,073 437 2,510
Disposals (12,437 ) (24,297 ) (2,341 ) (39,075 )
At 31 August 2024 - 7,325 3,682 11,007
Depreciation
At 1 September 2023 9,452 25,120 4,195 38,767
Charge for year - 577 571 1,148
Written back on disposals (9,452 ) (22,325 ) (2,241 ) (34,018 )
At 31 August 2024 - 3,372 2,525 5,897
Net book value
At 31 August 2024 - 3,953 1,157 5,110
At 31 August 2023 2,985 4,429 1,391 8,805

5. Debtors: amounts falling due within one year
2024 2023
£    £   
Trade debtors 14,545 17,636
Amounts owed by group undertakings - 363
Other debtors & prepayments 2,926 5,570
17,471 23,569

6. Creditors: amounts falling due within one year
2024 2023
£    £   
Trade creditors - 262
Corporation tax 3,537 20,505
Taxation and social security 3,470 340
Accruals 4,816 3,668
11,823 24,775

7. Leasing agreements

Minimum lease payments under non-cancellable operating leases fall due as follows:
2024 2023
£    £   
Within one year 10,800 20,021

8. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary shares 1 2 2