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Registration number: SC466704

Imperial Laundry Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 January 2025

 

Imperial Laundry Limited

Contents

Company Information

1

Director's Report

2

Accountants' Report

3

Profit and Loss Account

4

Statement of Comprehensive Income

5

Balance Sheet

6

Statement of Changes in Equity

7

Notes to the Unaudited Financial Statements

8 to 12

 

Imperial Laundry Limited

Company Information

Director

Mr Roderick James Scott

Registered office

Units 10&11 Glengallan Industrial Estate
Glengallan Road
Oban
Argyll
PA34 4HG

Accountants

Jack MacDonald & Co Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

 

Imperial Laundry Limited

Director's Report for the Year Ended 31 January 2025

The director presents his report and the financial statements for the year ended 31 January 2025.

Director of the company

The director who held office during the year was as follows:

Mr Roderick James Scott

Principal activity

The principal activity of the company is running a laundry

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 24 July 2025
 

.........................................
Mr Roderick James Scott
Director

 

Chartered Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Imperial Laundry Limited
for the Year Ended 31 January 2025

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Imperial Laundry Limited for the year ended 31 January 2025 as set out on pages 4 to 12 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 at
http://www.icaew.com/regulation.

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

It is your duty to ensure that Imperial Laundry Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Imperial Laundry Limited. You consider that Imperial Laundry 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 accounts of Imperial Laundry 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 accounts.

......................................

Jack MacDonald & Co
Cuan Aille
1 Aldersyde
Taynuilt
Argyll
PA35 1AG

24 July 2025

 

Imperial Laundry Limited

Profit and Loss Account for the Year Ended 31 January 2025

Note

2025
£

2024
£

Turnover

 

126,879

125,534

Cost of sales

 

(40,129)

(68,094)

Gross profit

 

86,750

57,440

Administrative expenses

 

(53,321)

(52,712)

Operating profit

 

33,429

4,728

Interest payable and similar expenses

 

(9,422)

(10,059)

Profit/(loss) before tax

3

24,007

(5,331)

Tax on profit/(loss)

 

(2,442)

(13)

Profit/(loss) for the financial year

 

21,565

(5,344)

The above results were derived from continuing operations.

The company has no recognised gains or losses for the year other than the results above.

 

Imperial Laundry Limited

Statement of Comprehensive Income for the Year Ended 31 January 2025

2025
£

2024
£

Profit/(loss) for the year

21,565

(5,344)

Total comprehensive income for the year

21,565

(5,344)

 

Imperial Laundry Limited

(Registration number: SC466704)
Balance Sheet as at 31 January 2025

Note

2025
£

2024
£

Fixed assets

 

Tangible assets

4

327,334

315,714

Current assets

 

Debtors

5

8,941

7,354

Cash at bank and in hand

 

3,576

2,588

 

12,517

9,942

Creditors: Amounts falling due within one year

6

(104,842)

(106,920)

Net current liabilities

 

(92,325)

(96,978)

Total assets less current liabilities

 

235,009

218,736

Creditors: Amounts falling due after more than one year

6

(164,353)

(169,145)

Net assets

 

70,656

49,591

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

70,654

49,589

Shareholders' funds

 

70,656

49,591

For the financial year ending 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and FRS 102 ‘The Financial Reporting Standard Applicable in the UK and Republic of Ireland’.

Approved and authorised by the director on 24 July 2025
 

.........................................
Mr Roderick James Scott
Director

 

Imperial Laundry Limited

Statement of Changes in Equity for the Year Ended 31 January 2025

Share capital
£

Retained earnings
£

Total
£

At 1 February 2024

2

49,589

49,591

Profit for the year

-

21,565

21,565

Dividends

-

(500)

(500)

At 31 January 2025

2

70,654

70,656

Share capital
£

Retained earnings
£

Total
£

At 1 February 2023

2

55,933

55,935

Loss for the year

-

(5,344)

(5,344)

Dividends

-

(1,000)

(1,000)

At 31 January 2024

2

49,589

49,591

 

Imperial Laundry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

1

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant & machinery

20% reducing balance

 

Imperial Laundry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Freehold property

in accordance with the property

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Imperial Laundry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2024 - 1).

3

Profit/loss before tax

Arrived at after charging/(crediting)

2025
£

2024
£

Depreciation expense

7,291

10,903

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 February 2024

272,103

176,362

448,465

Additions

26,067

2,844

28,911

Disposals

-

(10,000)

(10,000)

At 31 January 2025

298,170

169,206

467,376

Depreciation

At 1 February 2024

-

132,751

132,751

Charge for the year

-

7,291

7,291

At 31 January 2025

-

140,042

140,042

Carrying amount

At 31 January 2025

298,170

29,164

327,334

At 31 January 2024

272,103

43,611

315,714

Included within the net book value of land and buildings above is £298,170 (2024 - £272,103) in respect of freehold land and buildings.
 

 

Imperial Laundry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

5

Debtors

Current

2025
£

2024
£

Trade debtors

5,056

3,977

Other debtors

3,885

3,377

 

8,941

7,354

6

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Due within one year

Taxation and social security

2,442

-

Other creditors

102,400

106,920

104,842

106,920

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Due after one year

 

Loans and borrowings

8

164,353

169,145

Creditors include bank loans which are secured of £158,320 (2022 - £158,320).

7

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       
 

Imperial Laundry Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025

8

Loans and borrowings

Non-current loans and borrowings

2025
£

2024
£

Bank borrowings

164,353

169,145

9

Dividends

2025

2024

£

£

Interim dividend of £250.00 (2024 - £500.00) per ordinary share

500

1,000