REGISTERED NUMBER: 04399570 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

IMAGE EVOLUTION LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr P S Dale

Mr P S Jeffcoate

Mr J C Piggot

SECRETARY:

Mr P S Jeffcoate

REGISTERED OFFICE:

Alban House

99 High Street South

Dunstable

Bedfordshire

LU6 3SF

REGISTERED NUMBER:

04399570 (England and Wales)

ACCOUNTANTS:

Stoten Gillam Limited

Chartered Accountants

Alban House

99 High Street South

Dunstable

Bedfordshire

LU6 3SF

FIXED ASSETS

Tangible assets

4

151,858

92,780

CURRENT ASSETS

Debtors

5

249,473

286,767

Cash at bank and in hand

142,506

185,756

391,979

472,523

CREDITORS

Amounts falling due within one year

6

152,088

251,832

NET CURRENT ASSETS

239,891

220,691

TOTAL ASSETS LESS CURRENT LIABILITIES

391,749

313,471

CREDITORS

Amounts falling due after more than one year

7

(44,887

)

-

PROVISIONS FOR LIABILITIES

(37,965

)

(23,195

)

NET ASSETS

308,897

290,276

CAPITAL AND RESERVES

Called up share capital

2,000

2,000

Capital redemption reserve

1,000

1,000

Retained earnings

305,897

287,276

SHAREHOLDERS' FUNDS

308,897

290,276

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 26 June 2025 and were signed on its behalf by:

Mr P S Jeffcoate - Director

Mr P S Dale - Director

Mr J C Piggot - Director

1.	STATUTORY INFORMATION

Image Evolution 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 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 or, if held under a finance lease, over the lease term, whichever is the shorter.

Plant and machinery

-

at varying rates on cost

Fixtures and fittings

-

at varying rates on cost

Motor vehicles

-

at varying rates on cost

Computer equipment

-

at varying rates on cost

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 7 (2023 - 7 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 January 2024

939,940

Additions

132,680

Disposals

(46,000

)

At 31 December 2024

1,026,620

DEPRECIATION

At 1 January 2024

847,160

Charge for year

63,415

Eliminated on disposal

(35,813

)

At 31 December 2024

874,762

NET BOOK VALUE

At 31 December 2024

151,858

At 31 December 2023

92,780

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and

machinery

etc

£

COST

At 1 January 2024

376,000

Additions

63,280

At 31 December 2024

439,280

DEPRECIATION

At 1 January 2024

375,999

Charge for year

21,093

At 31 December 2024

397,092

NET BOOK VALUE

At 31 December 2024

42,188

At 31 December 2023

1

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

146,842

263,576

Factoring account

80,254

4,999

Other debtors

1,000

-

Intl factoring account

1,430

296

Prepayments and accrued income

19,947

17,896

249,473

286,767

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Hire purchase contracts

9,090

-

Trade creditors

30,539

42,229

Taxation and social security

109,175

205,992

Other creditors

3,284

3,611

152,088

251,832

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Hire purchase contracts

44,887

-