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REGISTERED NUMBER: 03434495 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

FOR

IMAGE DISPLAY & GRAPHICS LTD

IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IMAGE DISPLAY & GRAPHICS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2025







DIRECTORS: Mr I Cosham
Mr A R Cosham





REGISTERED OFFICE: 4 Fletcher Way
Weston Road
Norwich
Norfolk
NR3 3ST





REGISTERED NUMBER: 03434495 (England and Wales)






IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)

BALANCE SHEET
31 JANUARY 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 132,869 101,400

CURRENT ASSETS
Stocks 13,647 27,802
Debtors 5 88,589 42,560
Cash at bank and in hand 156,830 146,928
259,066 217,290
CREDITORS
Amounts falling due within one year 6 128,060 112,218
NET CURRENT ASSETS 131,006 105,072
TOTAL ASSETS LESS CURRENT
LIABILITIES

263,875

206,472

PROVISIONS FOR LIABILITIES 33,217 25,350
NET ASSETS 230,658 181,122

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 230,558 181,022
SHAREHOLDERS' FUNDS 230,658 181,122

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 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.

IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)

BALANCE SHEET - continued
31 JANUARY 2025


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 21 July 2025 and were signed on its behalf by:





Mr A R Cosham - Director


IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2025

1. STATUTORY INFORMATION

Image Display & Graphics Ltd 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 and previously under Financial Reporting Standard 105, the company has taken advantage of the transitional exemptions with the only effect being the introduction of the provision for deferred tax. The financial statements have been prepared under the historical cost convention.

Going concern
The directors have considered the company's position at the time of signing the financial statements. After reviewing the company's forecasts and projections, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. The company therefore continues to adopt the going concern basis of accounting in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 accepted delivery of the goods.

Rendering of services
Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract.

IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives.

Depreciation is provided on the following basis:

Long leasehold - 10% straight line
Hire stocks - 25% reducing balance
Plant and machinery - 5% reducing balance
Fixtures and fittings - 10% reducing balance
Motor vehicles - 25% reducing balance
Equipment - 15% reducing balance

Depreciation is not charged on property and improvements to property as the directors are of the opinion that the property is maintained to a standard whereby the useful economic life exceeds the cost.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of Income and retained earnings.

Stocks
Cost is calculated using the first in, first out method.

Financial instruments
The company only enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other debtors and creditors and loans from banks and other third parties.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

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.

IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

2. ACCOUNTING POLICIES - continued

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.

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 at an annual general meeting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 8 (2024 - 8 ) .

4. TANGIBLE FIXED ASSETS
Long Hire Plant and
leasehold stocks machinery
£    £    £   
COST
At 1 February 2024 10,885 8,178 135,680
Additions - - 1,324
At 31 January 2025 10,885 8,178 137,004
DEPRECIATION
At 1 February 2024 7,620 7,354 57,813
Charge for year 1,089 206 3,941
At 31 January 2025 8,709 7,560 61,754
NET BOOK VALUE
At 31 January 2025 2,176 618 75,250
At 31 January 2024 3,265 824 77,867

IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor
fittings vehicles Equipment Totals
£    £    £    £   
COST
At 1 February 2024 21,031 21,986 33,048 230,808
Additions 1,143 36,990 3,282 42,739
At 31 January 2025 22,174 58,976 36,330 273,547
DEPRECIATION
At 1 February 2024 11,632 19,356 25,633 129,408
Charge for year 1,055 2,970 2,009 11,270
At 31 January 2025 12,687 22,326 27,642 140,678
NET BOOK VALUE
At 31 January 2025 9,487 36,650 8,688 132,869
At 31 January 2024 9,399 2,630 7,415 101,400

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 79,787 33,280
Other debtors 8,802 9,280
88,589 42,560

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Hire purchase contracts - 8,000
Payments on account 60,114 28,330
Trade creditors 6,981 11,533
Taxation and social security 52,296 54,641
Other creditors 8,669 9,714
128,060 112,218

7. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.

IMAGE DISPLAY & GRAPHICS LTD (REGISTERED NUMBER: 03434495)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2025

8. RECONCILIATION OF EQUITY



Note

At 1 Feb 2023
At 31 Jan
2024
£    £   
Capital and reserves (as previously restated) 160,940 206,472
Recognition of deferred tax liability (21,432 ) (25,350 )
Capital and reserves (as restated) 139,508 181,122



31 Jan 2024
£   
Profit for the year (as previously restated) 140,982
Recognition of deferred tax liability 1 (3,918 )
Profit for the year (as restated) 137,064

Note 1

The company applied FRS 105 and was not previously required to recognise deferred tax liability on the balance sheet. Deferred tax liability in FRS 102 and are recognised as a financial assets or a financial liability. Consequently, financial liabilities of £21,432 have been recognised in the opening balance sheet at 1 February 2023. Financial liabilities of £25,350 have been recognised in the balance sheet at 31 January 2024. Changes in the deferred tax liability are recognised in the profit or loss with the effect on profit for the year ended 31 January 2024 being a decrease of £3,918.