Imagine Results Limited - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 05831966 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

IMAGINE RESULTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr M W A Goddard -Shillabeer

Mrs J Goddard-Shillabeer

SECRETARY:

Mr M W A Goddard -Shillabeer

REGISTERED OFFICE:

c/o Ground Floor

St Paul's House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

REGISTERED NUMBER:

05831966 (England and Wales)

ACCOUNTANTS:

Sedulo Leeds Limited

St Paul's House

23 Park Square

Leeds

West Yorkshire

LS1 2ND

FIXED ASSETS

Intangible assets

4

-

-

Tangible assets

5

2,498

4,304

2,498

4,304

CURRENT ASSETS

Debtors

6

6,364

5,105

Cash at bank and in hand

25,931

14,057

32,295

19,162

CREDITORS

Amounts falling due within one year

7

21,975

14,017

NET CURRENT ASSETS

10,320

5,145

TOTAL ASSETS LESS CURRENT LIABILITIES

12,818

9,449

PROVISIONS FOR LIABILITIES

475

818

NET ASSETS

12,343

8,631

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

12,243

8,531

SHAREHOLDERS' FUNDS

12,343

8,631

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 27 October 2022 and were signed on its behalf by:

Mr M W A Goddard -Shillabeer - Director

1.	STATUTORY INFORMATION

Imagine Results 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 principal activity of the company is that of management consultancy.

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.

The presentation currency of the financial statements is the Pound Sterling, which is the functional currency of the company, rounded to the nearest £1.

At the time of signing these accounts, having considered the economic climate, the Directors expectations and intentions for the next twelve months, and the availability of working capital, the Directors are of the opinion that the Company will remain viable for the foreseeable future and therefore these Financial Statements have been prepared on the Going Concern basis.

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.

Computer equipment

-

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2021 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 April 2021

and 31 March 2022

30,000

AMORTISATION

At 1 April 2021

and 31 March 2022

30,000

NET BOOK VALUE

At 31 March 2022

-

At 31 March 2021

-

5.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2021

and 31 March 2022

8,632

DEPRECIATION

At 1 April 2021

4,328

Charge for year

1,806

At 31 March 2022

6,134

NET BOOK VALUE

At 31 March 2022

2,498

At 31 March 2021

4,304

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Trade debtors

6,173

4,880

Other debtors

191

225

6,364

5,105

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.22

31.3.21

£

£

Taxation and social security

20,434

12,463

Other creditors

1,541

1,554

21,975

14,017

8.	RELATED PARTY DISCLOSURES

Included in 'Other creditors' at note 9 above is an amount due to Mr & Mrs Goddard-Shillabeer, directors of the company, amounting to £171 (2021: £274). Director loans are interest free with no set terms of repayment.