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Company Registration No. 10278710 (England and Wales)
IMPSGAMING LTD. Unaudited accounts for the year ended 31 July 2025
IMPSGAMING LTD. Unaudited accounts Contents
Page
Company information
3
Statement of financial position
4
Notes to the accounts
5
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IMPSGAMING LTD. Company Information for the year ended 31 July 2025
Directors
Ian Thomas Brooks Philip James Brooks
Company Number
10278710 (England and Wales)
Registered Office
15 CROFTON CLOSE LINCOLN LN3 4NT ENGLAND
Accountants
M D Darby FCPA, CPAA, FIAB, ACCA/Cert:IFR, IFRS, IPSAS, IA Templar Accounting & Business Support Services Limited (Incorp: Blake and Co ) 112 - 113 High Street, Lincoln, Lincolnshire LN5 7PY
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IMPSGAMING LTD. Statement of financial position as at 31 July 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
3,623
4,529
Current assets
Inventories
126,564
124,810
Debtors
5
3,000
-
Cash at bank and in hand
24,520
29,255
154,084
154,065
Creditors: amounts falling due within one year
6
(42,867)
(53,437)
Net current assets
111,217
100,628
Total assets less current liabilities
114,840
105,157
Creditors: amounts falling due after more than one year
7
(9,770)
(13,121)
Net assets
105,070
92,036
Capital and reserves
Called up share capital
8
12,000
12,000
Capital contribution reserve
40,000
40,000
Profit and loss account
53,070
40,036
Shareholders' funds
105,070
92,036
For the year ending 31 July 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 31 December 2025 and were signed on its behalf by
Ian Thomas Brooks Director Company Registration No. 10278710
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IMPSGAMING LTD. Notes to the Accounts for the year ended 31 July 2025
1
Statutory information
IMPSGAMING LTD. is a private company, limited by shares, registered in England and Wales, registration number 10278710. The registered office is 15 CROFTON CLOSE, LINCOLN, LN3 4NT, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Fixtures & fittings
25% Reducing balance
Computer equipment
30% Reducing balance
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
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IMPSGAMING LTD. Notes to the Accounts for the year ended 31 July 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Computer equipment
Total
£
£
£
£
Cost or valuation
At cost
At cost
At cost
At 1 August 2024
2,243
5,223
4,054
11,520
At 31 July 2025
2,243
5,223
4,054
11,520
Depreciation
At 1 August 2024
1,498
3,182
2,311
6,991
Charge for the year
149
408
349
906
At 31 July 2025
1,647
3,590
2,660
7,897
Net book value
At 31 July 2025
596
1,633
1,394
3,623
At 31 July 2024
745
2,041
1,743
4,529
5
Debtors
2025
2024
£
£
Amounts falling due within one year
VAT
3,000
-
6
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
3,352
3,352
VAT
-
1,416
Trade creditors
-
15,153
Taxes and social security
3,808
8,388
Loans from directors
34,757
24,178
Accruals
950
950
42,867
53,437
7
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans
9,770
13,121
A BB Loan due after 12 months accruing interest at 2.5% per annum. Year 2. £3,352 Year 3. £3,352 Year 4. £3,066 The BB Loan has a government guarantee to the high street bank in place.
8
Share capital
2025
2024
£
£
Allotted, called up and fully paid:
6,000 Ordinary shares of £2 each
12,000
12,000
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IMPSGAMING LTD. Notes to the Accounts for the year ended 31 July 2025
9
Average number of employees
During the year the average number of employees was 1 (2024: 1).
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