Company registration number 04304375 (England and Wales)
IMPERIAL CARRIAGES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
PAGES FOR FILING WITH REGISTRAR
IMPERIAL CARRIAGES LIMITED
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 5
IMPERIAL CARRIAGES LIMITED
BALANCE SHEET
AS AT
30 JUNE 2025
30 June 2025
- 1 -
2025
2024
Notes
£
£
£
£
Fixed assets
Tangible assets
5
432,318
487,947
Current assets
Stocks
4,185,224
3,495,472
Debtors
6
905,223
553,740
Cash at bank and in hand
1,024
469,321
5,091,471
4,518,533
Creditors: amounts falling due within one year
7
(2,828,820)
(2,194,531)
Net current assets
2,262,651
2,324,002
Total assets less current liabilities
2,694,969
2,811,949
Creditors: amounts falling due after more than one year
8
(49,999)
(58,332)
Net assets
2,644,970
2,753,617
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
2,644,870
2,753,517
Total equity
2,644,970
2,753,617

For the financial year ended 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved and signed by the director and authorised for issue on 31 March 2026
Mr S Wright
Director
Company registration number 04304375 (England and Wales)
IMPERIAL CARRIAGES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025
- 2 -
1
Accounting policies
Company information

Imperial Carriages Limited is a private company limited by shares incorporated in England and Wales. The registered office is Imperials, Ongar Road, Cooksmill Green, Chelmsford, Essex, CM1 3SR.

1.1
Basis of preparation

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.2
Turnover

Revenue comprises sales of goods or services provided to customers net of value added tax and other sales taxes, less an appropriate deduction for actual and expected returns and discounts. Revenue is recognised when performance obligations are satisfied and the control of goods or services is transferred to the buyer. Where the performance obligation is satisfied over time, revenue is recognised in accordance with its progress towards complete satisfaction of that performance obligation.

When cash inflows are deferred and represent a financing arrangement, the promised consideration is adjusted for the effects of the time value of money, which is recognised as interest income.

1.3
Intangible fixed assets - goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2003, is being amortised evenly over its estimated useful life of ten years.

This was determined by a review of its value to the company on purchase.

1.4
Tangible fixed assets

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment
25% on reducing balance
Fixtures and fittings
15% on reducing balance
Computers
25% on cost
1.5
Stocks

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

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

IMPERIAL CARRIAGES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
1
Accounting policies
(Continued)
- 3 -
Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
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

1.8
Leases
As lessee

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the lease s asset are consumed.

1.9
Foreign exchange

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date o transaction. Exchange differences are taken into account in arriving at the operating result

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
9
10
IMPERIAL CARRIAGES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 4 -
3
Dividends
2025
2024
£
£
Interim paid
55,000
20,000
4
Intangible fixed assets
Goodwill
£
Cost
At 1 July 2024 and 30 June 2025
500,000
Amortisation and impairment
At 1 July 2024 and 30 June 2025
500,000
Carrying amount
At 30 June 2025
-
0
At 30 June 2024
-
0
5
Tangible fixed assets
Plant and equipment
Fixtures and fittings
Computers
Total
£
£
£
£
Cost
At 1 July 2024
10,291
720,735
23,047
754,073
Additions
-
0
21,226
-
0
21,226
At 30 June 2025
10,291
741,961
23,047
775,299
Depreciation and impairment
At 1 July 2024
5,502
237,577
23,047
266,126
Depreciation charged in the year
1,198
75,657
-
0
76,855
At 30 June 2025
6,700
313,234
23,047
342,981
Carrying amount
At 30 June 2025
3,591
428,727
-
0
432,318
At 30 June 2024
4,789
483,158
-
0
487,947
IMPERIAL CARRIAGES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2025
- 5 -
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Trade debtors
452,782
256,452
Other debtors
395,641
297,288
Prepayments and accrued income
56,800
-
0
905,223
553,740
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
627,201
50,000
Other borrowings
1,421,770
1,397,600
Trade creditors
645,077
659,974
Corporation tax
212
213
Other taxation and social security
4,626
30,769
Other creditors
125,334
21,375
Accruals and deferred income
4,600
34,600
2,828,820
2,194,531
8
Creditors: amounts falling due after more than one year
2025
2024
Notes
£
£
Bank loans and overdrafts
49,999
58,332
9
SECURED INDEBTEDNESS

The bank loans, stock loan and overdraft are secured by a charge on all the company's assets.

10
Parent company

The company is controlled by SJ Wright, the director.

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