REGISTERED NUMBER: 07713549 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2026

FOR

IMPERIAL LEISURE VEHICLES LTD

Page

Balance sheet

1

Notes to the financial statements

2

Fixed assets

Tangible assets

4

-

889

Current assets

Stocks

-

75,392

Debtors

5

94,486

15,893

Cash at bank

69

50,041

94,555

141,326

Creditors

Amounts falling due within one year

6

2,400

4,615

Net current assets

92,155

136,711

Total assets less current liabilities

92,155

137,600

Provisions for liabilities

7

-

169

Net assets

92,155

137,431

Capital and reserves

Called up share capital

8

60

60

Capital redemption reserve

40

40

Retained earnings

92,055

137,331

Shareholders' funds

92,155

137,431

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2026.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2026 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 28 August 2026 and were signed by:

Mr M Gough - Director

1.	Statutory information

Imperial Leisure Vehicles Limited is a private company, limited by shares, registered in England and Wales. The company's registered number is 07713549. The registered office is Faulkner House, 31 West Street, Wimborne, Dorset, England, BH21 1JS and business address 76b Surrey Road, Bournemouth, Dorset, BH4 9HX.

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 represents amounts receivable for sales and repairs to leisure motor vehicles, net of VAT and trade discounts.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on reducing balance

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all purchase, costs of conversion and other costs incurred in bringing stock to its present location and condition. Cost is calculated using the first-in, first-out formula. Provision is made for damaged, obsolete and slow-moving stock where appropriate.

Taxation

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

Financial instruments

Basic financial instruments are initially recognised at transaction price and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

At each balance sheet date, financial instruments are measured at amortised cost using the effective interest method. Any losses arising from impairment are recognised in the profit and loss account in the period to which they relate.

3.	Employees and directors

The average number of employees during the year was 2 (2025 - 2 ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 April 2025

2,453

Disposals

(2,453

)

At 31 March 2026

-

Depreciation

At 1 April 2025

1,564

Eliminated on disposal

(1,564

)

At 31 March 2026

-

Net book value

At 31 March 2026

-

At 31 March 2025

889

5.

Debtors: amounts falling due within one year

2026

2025

£

£

Directors' current accounts

89,086

14,553

Tax

5,398

-

VAT

2

512

Prepayments and accrued income

-

828

94,486

15,893

6.

Creditors: amounts falling due within one year

2026

2025

£

£

Trade creditors

-

1,481

Tax

-

760

Other creditors

-

274

Accruals and deferred income

2,400

2,100

2,400

4,615

7.	Provisions for liabilities

2026

2025

£

£

Deferred tax

Accelerated capital allowances

-

169

Deferred

tax

£

Balance at 1 April 2025

169

Provided during year

(169

)

Balance at 31 March 2026

-

8.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

2026

2025

value:

£

£

60

Ordinary

£1

60

60

9.	Director's advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 March 2026 and 31 March 2025:

2026

2025

£

£

Mr M Gough

Balance outstanding at start of year

14,553

-

Amounts advanced

89,086

14,553

Amounts repaid

(14,553

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

89,086

14,553

At the balance sheet date the Director, Mr M Gough, owed the company £89,086 (2025: £14,553). The amount outstanding at the balance sheet date was repaid in full within 9 months of the year end.

10.	Ultimate controlling party

The Company is controlled by the director, Mr M Gough, who owns 100% of the issued share capital.