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Impression Graphics & Installations Ltd
Unaudited Financial Statements
For The Year Ended 31 October 2024
Fast Accounting Services Ltd
15 Marston Business Park
Lower Hazeldines
Marston Moretaine
Bedfordshire
MK43 0XT
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 10449958
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 61,646 53,463
61,646 53,463
CURRENT ASSETS
Stocks 5 15,289 11,317
Debtors 6 93,440 72,283
Cash at bank and in hand 72,052 93,424
180,781 177,024
Creditors: Amounts Falling Due Within One Year 7 (97,148 ) (78,683 )
NET CURRENT ASSETS (LIABILITIES) 83,633 98,341
TOTAL ASSETS LESS CURRENT LIABILITIES 145,279 151,804
Creditors: Amounts Falling Due After More Than One Year 8 (17,340 ) (38,085 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (10,158 ) (10,158 )
NET ASSETS 117,781 103,561
CAPITAL AND RESERVES
Called up share capital 10 2 2
Profit and Loss Account 117,779 103,559
SHAREHOLDERS' FUNDS 117,781 103,561
Page 1
Page 2
For the year ending 31 October 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.
On behalf of the board
Mr Stuart Barker
Director
2nd June 2025
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Impression Graphics & Installations Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 10449958 . The registered office is 33 Ashley Lane, Moulton, Northampton, NN3 7TH.
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. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. 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 18.75% reducing balance
Motor Vehicles 15% reducing balance
Fixtures & Fittings 25% reducing balance
2.4. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to profit and loss account as incurred.
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2.5. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
2.6. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other year and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and asset reflects the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3 (2023: 2)
3 2
4. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Total
£ £ £ £
Cost
As at 1 November 2023 26,451 39,147 16,658 82,256
Additions 21,999 - 133 22,132
As at 31 October 2024 48,450 39,147 16,791 104,388
...CONTINUED
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Page 5
Depreciation
As at 1 November 2023 5,148 16,714 6,931 28,793
Provided during the period 8,119 3,365 2,465 13,949
As at 31 October 2024 13,267 20,079 9,396 42,742
Net Book Value
As at 31 October 2024 35,183 19,068 7,395 61,646
As at 1 November 2023 21,303 22,433 9,727 53,463
5. Stocks
2024 2023
£ £
Materials 15,289 11,317
6. Debtors
2024 2023
£ £
Due within one year
Trade debtors 89,340 72,283
Other debtors 4,100 -
93,440 72,283
7. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 21,565 13,669
Trade creditors 6,800 5,970
Corporation tax 15,922 19,966
Other taxes and social security 629 864
VAT 46,493 37,477
Other creditors 2,744 437
Accruals and deferred income 300 300
Director's loan account 2,695 -
97,148 78,683
8. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Net obligations under finance lease and hire purchase contracts 4,365 17,566
Bank loans 12,975 20,519
17,340 38,085
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9. Obligations Under Finance Leases and Hire Purchase
2024 2023
£ £
The future minimum finance lease payments are as follows:
Not later than one year 21,565 13,669
Later than one year and not later than five years 4,365 17,566
25,930 31,235
25,930 31,235
10. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 2 2
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