REGISTERED NUMBER: 03189310 (England and Wales)

IMAGE I.T. LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2025

Page

Company Information

1

Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

6

DIRECTOR:

G M Hill

REGISTERED OFFICE:

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

REGISTERED NUMBER:

03189310 (England and Wales)

ACCOUNTANTS:

Phipps Henson McAllister

Chartered Accountants

22-24 Harborough Road

Kingsthorpe

Northampton

NN2 7AZ

FIXED ASSETS

Tangible assets

4

32,000

58,161

CURRENT ASSETS

Stocks

10,500

12,000

Debtors

5

43,288

28,510

Cash at bank and in hand

45,635

74,031

99,423

114,541

CREDITORS

Amounts falling due within one year

6

116,115

149,207

NET CURRENT LIABILITIES

(16,692

)

(34,666

)

TOTAL ASSETS LESS CURRENT LIABILITIES

15,308

23,495

PROVISIONS FOR LIABILITIES

6,016

12,133

NET ASSETS

9,292

11,362

CAPITAL AND RESERVES

Called up share capital

7

902

902

Share premium

8,100

8,100

Retained earnings

290

2,360

SHAREHOLDERS' FUNDS

9,292

11,362

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 November 2025 and were signed by:

G M Hill - Director

1.	STATUTORY INFORMATION

Image I.T. 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Plant and machinery

-

25% on cost

Motor vehicles

-

25% on cost

Office and computer equipment

-

33.33% on cost

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

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

Leasing

Rentals payable under operating leases are charged against income on a straight line basis over the lease term.

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.

Debtors and creditors

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

4.	TANGIBLE FIXED ASSETS

Office

and

Plant and

Motor

computer

machinery

vehicles

equipment

Totals

£

£

£

£

COST

At 1 July 2024

155,097

41,795

46,914

243,806

Additions

7,245

-

-

7,245

At 30 June 2025

162,342

41,795

46,914

251,051

DEPRECIATION

At 1 July 2024

116,025

32,484

37,136

185,645

Charge for year

24,028

7,449

1,929

33,406

At 30 June 2025

140,053

39,933

39,065

219,051

NET BOOK VALUE

At 30 June 2025

22,289

1,862

7,849

32,000

At 30 June 2024

39,072

9,311

9,778

58,161

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

43,079

28,004

Other debtors

-

317

Prepayments

209

189

43,288

28,510

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

11,957

21,093

Hire purchase contracts

39,080

53,457

Trade creditors

32,554

32,814

Corporation tax

13,610

13,134

Social security and other taxes

1

-

PAYE/NI

858

419

VAT

8,534

6,471

Other creditors

7,023

13,964

Directors' current accounts

1,098

947

Accruals and deferred income

1,400

6,908

116,115

149,207

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

902

Ordinary

£1

902

902