Imageco Visual Imaging Limited - Accounts to registrar (filleted) - small 18.2
Imageco Visual Imaging Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 DECEMBER 2018 |
| FOR |
| IMAGECO VISUAL IMAGING LIMITED |
| IMAGECO VISUAL IMAGING LIMITED (REGISTERED NUMBER: 04019831) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2018 |
| Page |
| Balance Sheet | 1 |
| Notes to the Financial Statements | 3 |
| IMAGECO VISUAL IMAGING LIMITED (REGISTERED NUMBER: 04019831) |
| BALANCE SHEET |
| 31 December 2018 |
| 31.12.18 | 31.12.17 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 4 |
| CURRENT ASSETS |
| Stocks |
| Debtors | 5 |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
7 |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings |
| 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. |
| IMAGECO VISUAL IMAGING LIMITED (REGISTERED NUMBER: 04019831) |
| BALANCE SHEET - continued |
| 31 December 2018 |
| 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 on behalf by: |
| IMAGECO VISUAL IMAGING LIMITED (REGISTERED NUMBER: 04019831) |
| NOTES TO THE FINANCIAL STATEMENTS |
| for the year ended 31 December 2018 |
| 1. | STATUTORY INFORMATION |
| Imageco Visual Imaging Limited is a |
| The company's registered number and registered office address are as below: |
| Registered number: | 04019831 |
| Registered office: | Britannia House |
| Beza Road |
| Leeds |
| West Yorkshire |
| LS10 2BR |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover relates to printing services and 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 |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Stocks |
| Stocks and work in progress are valued at the lower of cost and net realisable value, after making due |
| allowance for obsolete and slow moving items. |
| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs |
| in bringing stocks to their present location and condition. |
| 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. |
| IMAGECO VISUAL IMAGING LIMITED (REGISTERED NUMBER: 04019831) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2018 |
| 2. | ACCOUNTING POLICIES - continued |
| 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. |
| Hire purchase and leasing commitments |
| Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of |
| the lease. |
| 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 |
| 4. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 January 2018 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 December 2018 |
| DEPRECIATION |
| At 1 January 2018 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 December 2018 |
| NET BOOK VALUE |
| At 31 December 2018 |
| At 31 December 2017 |
| IMAGECO VISUAL IMAGING LIMITED (REGISTERED NUMBER: 04019831) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2018 |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Trade debtors |
| Amounts owed by group undertakings |
| Other debtors |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Hire purchase contracts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Hire purchase contracts |
| Other creditors |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Hire purchase contracts | 189,127 | 279,004 |
| Invoice discounting | 278,217 | 196,748 |
| Other loans | 29,812 | - |
| Hire purchase contracts are secured against the assets to which they relate. |
| The invoice discounting facility is secured by way of a fixed and floating charge dated 6 March 2015 over |
| all the companies assets. |
| Other loans are secured by way of personal guarantees supplied by the directors to the lender. |
| 9. | OTHER FINANCIAL COMMITMENTS |
| The total financial commitments, guarantees and contingencies which are not included in the balance sheet |
| amount to £161,818 (2017 - £163,949). |
| IMAGECO VISUAL IMAGING LIMITED (REGISTERED NUMBER: 04019831) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| for the year ended 31 December 2018 |
| 10. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| The following advances and credits to directors subsisted during the years ended 31 December 2018 and |
| 31 December 2017: |
| 31.12.18 | 31.12.17 |
| £ | £ |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid | ( |
) |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| Balance outstanding at start of year |
| Amounts advanced |
| Amounts repaid |
| Amounts written off | - | - |
| Amounts waived | - | - |
| Balance outstanding at end of year |
| 11. | ULTIMATE CONTROLLING PARTY |
| The ultimate controlling party is |