REGISTERED NUMBER: 10883912 (England and Wales)

Financial Statements

for the Year Ended 31 July 2025

for

Igloo Imaging Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTOR:

D Macgill

REGISTERED OFFICE:

29 Brookvale Avenue

Newcastle Upon Tyne

NE3 4PU

REGISTERED NUMBER:

10883912 (England and Wales)

Fixed assets

Tangible assets

3

11,056

6,271

Current assets

Debtors

4

2,837

252

Cash at bank

28,767

29,865

31,604

30,117

Creditors

Amounts falling due within one year

5

(11,926

)

(11,950

)

Net current assets

19,678

18,167

Total assets less current liabilities

30,734

24,438

Capital and reserves

Called up share capital

100

100

Retained earnings

7

30,634

24,338

30,734

24,438

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 April 2026 and were signed by:

D Macgill - Director

1.	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

-

15% on reducing balance

Computer equipment

-

33.33% on cost

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.

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.

2.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

3.	TANGIBLE FIXED ASSETS

Plant and

Computer

machinery

equipment

Totals

£

£

£

COST

At 1 August 2024

8,921

2,844

11,765

Additions

3,269

3,595

6,864

At 31 July 2025

12,190

6,439

18,629

DEPRECIATION

At 1 August 2024

4,441

1,053

5,494

Charge for year

858

1,221

2,079

At 31 July 2025

5,299

2,274

7,573

NET BOOK VALUE

At 31 July 2025

6,891

4,165

11,056

At 31 July 2024

4,480

1,791

6,271

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

2,445

252

Directors' current accounts

392

-

2,837

252

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts (see note 6)

2,279

3,719

Trade creditors

2,102

1,921

Corporation tax

4,108

3,061

VAT

3,437

2,912

Directors' current accounts

-

337

11,926

11,950

6.

LOANS

An analysis of the maturity of loans is given below:

2025

2024

£

£

Amounts falling due within one year or on demand:

Bank loans

2,279

3,719

7.

RESERVES

Retained

earnings

£

At 1 August 2024

24,338

Profit for the year

22,296

Dividends

(16,000

)

At 31 July 2025

30,634

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Dividends totaling £16,000 were paid to the director throughout the year ended 31st July 2025.(18,200-2024). The director owed the Company £392 as at 31st July 2025.(The Company owed the director £337 as at 31st July 2024.)