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Financial Statements for the Period 1 May 2016 to 6 April 2017 |
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Imaxa Ltd |
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REGISTERED NUMBER:
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Financial Statements for the Period 1 May 2016 to 6 April 2017 |
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for |
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Imaxa Ltd |
Imaxa Ltd (Registered number: 07088663) |
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Contents of the Financial Statements |
for the Period 1 May 2016 to 6 April 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Imaxa Ltd |
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Company Information |
for the Period 1 May 2016 to 6 April 2017 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
Suites 5 & 6 The Printworks |
Hey Road |
Barrow |
Clitheroe |
Lancashire |
BB7 9WB |
Imaxa Ltd (Registered number: 07088663) |
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Balance Sheet |
6 April 2017 |
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6.4.17 | 30.4.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 7 |
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Retained earnings |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
Imaxa Ltd (Registered number: 07088663) |
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Balance Sheet - continued |
6 April 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the Board of Directors on
signed on its behalf by: |
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Imaxa Ltd (Registered number: 07088663) |
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Notes to the Financial Statements |
for the Period 1 May 2016 to 6 April 2017 |
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1. | STATUTORY INFORMATION |
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Imaxa Ltd is a
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company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Computer equipment | - |
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Taxation |
Taxation for the period 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. |
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Current or deferred taxation assets and liabilities are not discounted. |
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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. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not |
reversed at the balance sheet date. |
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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 period end and that are expected to apply to the reversal of the timing difference. |
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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. |
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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. |
Imaxa Ltd (Registered number: 07088663) |
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Notes to the Financial Statements - continued |
for the Period 1 May 2016 to 6 April 2017 |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was
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4. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
At 1 May 2016 |
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Additions |
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At 6 April 2017 |
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DEPRECIATION |
At 1 May 2016 |
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Charge for period |
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At 6 April 2017 |
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NET BOOK VALUE |
At 6 April 2017 |
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At 30 April 2016 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
6.4.17 | 30.4.16 |
£ | £ |
Trade debtors |
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Prepayments |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
6.4.17 | 30.4.16 |
£ | £ |
Corporation tax |
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Social security and other taxes |
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Directors' current accounts | 1,243 | 34,871 |
Accrued expenses |
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Imaxa Ltd (Registered number: 07088663) |
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Notes to the Financial Statements - continued |
for the Period 1 May 2016 to 6 April 2017 |
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7. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 6.4.17 | 30.4.16 |
value: | £ | £ |
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Ordinary | £1 | 100 | 100 |
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8. | RELATED PARTY DISCLOSURES |
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During the period, total dividends of £60,000 (2016 - £88,000) were paid to the directors . |
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9. | ULTIMATE CONTROLLING PARTY |
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There is no ultimate controlling party but A & M Fawad acting in concert control the company by virtue of their 75% shareholding in the company. |