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REGISTERED NUMBER: 04019831 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 December 2024

for

Imageco Visual Imaging Limited

Imageco Visual Imaging Limited (Registered number: 04019831)






Contents of the Financial Statements
for the year ended 31 December 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 8

Imageco Visual Imaging Limited

Company Information
for the year ended 31 December 2024







DIRECTORS: N Swinson-Bullough
S Harrison
Miss S Bentley
Mrs D Swinson-Bullough





REGISTERED OFFICE: Britannia House
Beza Road
Leeds
West Yorkshire
LS10 2BR





REGISTERED NUMBER: 04019831 (England and Wales)





ACCOUNTANTS: Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ

Imageco Visual Imaging Limited (Registered number: 04019831)

Balance Sheet
31 December 2024

31.12.24 31.12.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 530,711 581,503

CURRENT ASSETS
Stocks 52,620 71,018
Debtors 5 1,308,317 1,163,067
Cash at bank and in hand 295,953 73,716
1,656,890 1,307,801
CREDITORS
Amounts falling due within one year 6 652,767 463,827
NET CURRENT ASSETS 1,004,123 843,974
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,534,834

1,425,477

CREDITORS
Amounts falling due after more than one
year

7

(336,108

)

(347,709

)

PROVISIONS FOR LIABILITIES (51,526 ) -
NET ASSETS 1,147,200 1,077,768

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,146,200 1,076,768
1,147,200 1,077,768

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

Imageco Visual Imaging Limited (Registered number: 04019831)

Balance Sheet - continued
31 December 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 10 July 2025 and were signed on its behalf by:




S Harrison - Director



N Swinson-Bullough - Director


Imageco Visual Imaging Limited (Registered number: 04019831)

Notes to the Financial Statements
for the year ended 31 December 2024

1. STATUTORY INFORMATION

Imageco Visual Imaging Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 relates to printing services and 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.
Improvements to property - 15% on cost
Plant and machinery - 15% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
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 items.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Imageco Visual Imaging Limited (Registered number: 04019831)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

2. ACCOUNTING POLICIES - continued

Dividends
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.

Dividends on shares wholly recognised as liabilities are recognised as expenses and classified within interest payable.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 29 (2023 - 29 ) .

4. TANGIBLE FIXED ASSETS
Improvements Fixtures
to Plant and and
property machinery fittings
£    £    £   
COST
At 1 January 2024 134,931 1,064,908 86,920
Additions 53,232 - 13,820
Disposals - - -
At 31 December 2024 188,163 1,064,908 100,740
DEPRECIATION
At 1 January 2024 134,931 550,825 82,573
Charge for year 3,357 132,366 2,082
Eliminated on disposal - - -
At 31 December 2024 138,288 683,191 84,655
NET BOOK VALUE
At 31 December 2024 49,875 381,717 16,085
At 31 December 2023 - 514,083 4,347

Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 January 2024 87,480 290,785 1,665,024
Additions 53,976 3,379 124,407
Disposals (47,990 ) - (47,990 )
At 31 December 2024 93,466 294,164 1,741,441
DEPRECIATION
At 1 January 2024 33,946 281,246 1,083,521
Charge for year 15,401 6,967 160,173
Eliminated on disposal (32,964 ) - (32,964 )
At 31 December 2024 16,383 288,213 1,210,730
NET BOOK VALUE
At 31 December 2024 77,083 5,951 530,711
At 31 December 2023 53,534 9,539 581,503

Imageco Visual Imaging Limited (Registered number: 04019831)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Trade debtors 596,506 411,559
Amounts owed by group undertakings 620,000 599,500
Other debtors 91,811 152,008
1,308,317 1,163,067

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.24 31.12.23
£    £   
Bank loans and overdrafts 41,667 62,500
Hire purchase contracts 65,786 82,395
Trade creditors 272,021 159,559
Taxation and social security 157,681 17,698
Other creditors 115,612 141,675
652,767 463,827

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.24 31.12.23
£    £   
Hire purchase contracts 336,108 306,042
Other creditors - 41,667
336,108 347,709

8. SECURED DEBTS

The following secured debts are included within creditors:

31.12.24 31.12.23
£    £   
Hire purchase contracts 401,894 388,437
CBILS loan - 104,167
401,894 492,604

Hire purchase contracts are secured against the assets to which they relate.

The invoice discounting facility is secured by way of a fixed and floating charge over the company's assets.

Other loans are secured by way of personal guarantees supplied by the directors to the lender.

The CBILS loan is government guaranteed.

9. OTHER FINANCIAL COMMITMENTS

The total financial commitments, guarantees and contingencies which are not included in the balance sheet amount to £17,160 (2023 - £110,097).

Imageco Visual Imaging Limited (Registered number: 04019831)

Notes to the Financial Statements - continued
for the year ended 31 December 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2024 and 31 December 2023:

31.12.24 31.12.23
£    £   
N Swinson-Bullough
Balance outstanding at start of year 7,556 6,795
Amounts advanced 27,903 18,761
Amounts repaid (33,438 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 2,021 7,556

S Harrison
Balance outstanding at start of year 10,307 18,215
Amounts advanced 34,082 10,092
Amounts repaid (32,388 ) (18,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 12,001 10,307

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Imageco Visual Imaging Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Imageco Visual Imaging Limited for the year ended 31 December 2024 which comprise the Statement of Income and Retained Earnings, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Imageco Visual Imaging Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Imageco Visual Imaging Limited and state those matters that we have agreed to state to the Board of Directors of Imageco Visual Imaging Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Imageco Visual Imaging Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Imageco Visual Imaging Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Imageco Visual Imaging Limited. You consider that Imageco Visual Imaging Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Imageco Visual Imaging Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Beaumonts
8 Navigation Court
Calder Park
Wakefield
West Yorkshire
WF2 7BJ


10 July 2025