Illumanize Ltd - Accounts to registrar (filleted) - small 23.1.2

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REGISTERED NUMBER: 06511911 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 March 2023

for

Illumanize Ltd

Page

Company Information

Abridged Balance Sheet

Notes to the Financial Statements

DIRECTOR:

Mr P Wilkins

REGISTERED OFFICE:

12 Station Parade

Harrogate

HG1 1UE

REGISTERED NUMBER:

06511911 (England and Wales)

ACCOUNTANTS:

Wild & Co Chartered Accountants

Windsor House

Cornwall Road

Harrogate

HG1 2PW

FIXED ASSETS

Intangible assets

1,800

Tangible assets

4,261

5,457

4,261

7,257

CURRENT ASSETS

Debtors

5,987

5,254

Cash at bank

14,737

16,789

20,724

22,043

CREDITORS

Amounts falling due within one year

9,815

7,836

NET CURRENT ASSETS

10,909

14,207

TOTAL ASSETS LESS CURRENT
LIABILITIES

15,170

21,464

CREDITORS

Amounts falling due after more than one year

(10,043

)

(11,671

)

PROVISIONS FOR LIABILITIES

(810

)

(1,037

)

NET ASSETS

4,317

8,756

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

4,217

8,656

SHAREHOLDERS' FUNDS

4,317

8,756

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

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 6 September 2023 and were signed by:

Mr P Wilkins - Director

1.	STATUTORY INFORMATION

Illumanize Ltd 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.

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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of five years.

Tangible fixed assets

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

Fixtures and fittings

25% on reducing balance

Computer equipment

25% on reducing balance

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4.	INTANGIBLE FIXED ASSETS

Totals

COST

At 1 April 2022

and 31 March 2023

9,000

AMORTISATION

At 1 April 2022

7,200

Amortisation for year

1,800

At 31 March 2023

9,000

NET BOOK VALUE

At 31 March 2023

At 31 March 2022

1,800

5.	TANGIBLE FIXED ASSETS

Totals

COST

At 1 April 2022

11,312

Additions

243

At 31 March 2023

11,555

DEPRECIATION

At 1 April 2022

5,855

Charge for year

1,439

At 31 March 2023

7,294

NET BOOK VALUE

At 31 March 2023

4,261

At 31 March 2022

5,457

6.	PROVISIONS FOR LIABILITIES

31.3.23

31.3.22

Deferred tax

810

1,037

Deferred

tax

Balance at 1 April 2022

1,037

Credit to Income Statement during year

(227

)

Balance at 31 March 2023

810

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.23

31.3.22

value:

100

Ordinary Shares

£1

100

8.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2023 and 31 March 2022:

31.3.23

31.3.22

Mr P Wilkins

Balance outstanding at start of year

(4,427

)

Amounts advanced

312

(584

)

Amounts repaid

5,011

Amounts written off

Amounts waived

Balance outstanding at end of year

312

9.	RELATED PARTY DISCLOSURES

Director loan of £312 is money advanced to the Company by the Director as at 31 March 2023. The loan is unsecured and interest free. The loan is repayable on demand.

10.	ULTIMATE CONTROLLING PARTY

The controlling party is Mr P Wilkins.