Imagine Draughting Services Limited,Ltd - AccountsLtd - Accounts

Imagine Draughting Services Limited,Ltd - AccountsLtd - Accounts

IMAGINE DRAUGHTING SERVICES LIMITED - Company Information

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2018-03-01 08912204 2019-02-28 08912204 2018-03-01 2019-02-28 08912204 2018-02-28 08912204 2017-03-01 2018-02-28 08912204 uk-core:WithinOneYear 2018-02-28 08912204 uk-core:WithinOneYear 2019-02-28 08912204 uk-core:ShareCapital 2019-02-28 08912204 uk-core:ShareCapital 2018-02-28 08912204 uk-core:RetainedEarningsAccumulatedLosses 2019-02-28 08912204 uk-core:RetainedEarningsAccumulatedLosses 2018-02-28 08912204 uk-bus:Director1 2018-03-01 2019-02-28 08912204 uk-core:ToolsEquipment 2018-03-01 2019-02-28 08912204 uk-core:FurnitureFittings 2018-03-01 2019-02-28 08912204 uk-core:ToolsEquipment 2018-02-28 08912204 uk-core:FurnitureFittings 2018-02-28 08912204 uk-core:FurnitureFittings 2019-02-28 08912204 uk-core:ToolsEquipment 2019-02-28 iso4217:GBP 08912204 uk-bus:AuditExemptWithAccountantsReport 2018-03-01 2019-02-28 08912204 uk-bus:FRS102 2018-03-01 2019-02-28 08912204 uk-bus:FullAccounts 2018-03-01 2019-02-28 08912204 uk-bus:PrivateLimitedCompanyLtd 2018-03-01 2019-02-28
Imagine Draughting Services Limited
Registered Number:08912204
For the year ended 28 February 2019
England and Wales
Unaudited Financial Statements
2
For the year ended 28 February 2019
Imagine Draughting Services Limited
Contents Page
1
Statement of Financial Position
2 to 3
Notes to the Financial Statements
3
As at 28 February 2019
Imagine Draughting Services Limited
Statement of Financial Position
Registered Number :
08912204
£
£
2018
2019
Notes
Fixed assets
Property, plant and equipment
7,653
6,662
2
7,653
6,662
Current assets
-
Cash and cash equivalents
17,025
17,025
-
Trade and other payables: amounts falling due within one
year
(2,628)
(13,882)
3
(2,628)
3,143
Net current assets
Total assets less current liabilities
10,796
4,034
10,796
Net assets
4,034
Capital and reserves
Called up share capital
10
10
Retained earnings
10,786
4,024
10,796
4,034
Shareholders' funds
For the year ended 28 February 2019 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2019 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section
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.
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
Mr Ryan Long Director
These financial statements were approved and authorised for issue by the Board on 11 September 2019 and were signed by:
The notes form part of these financial statements
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4
For the year ended 28 February 2019
Imagine Draughting Services Limited
Notes to the Financial Statements
Statutory Information
Imagine Draughting Services Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 08912204.
Registered address:
5 Yew Gardends
Blackpool
Lancashire
FY4 5FR
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A of Financial
Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the
Companies Act 2006. The financial statements have been prepared under the historical costs convention as
modified by the revaluation of certain assets.
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
25% Reducing balance
Computer equipment
25% Reducing balance
Fixtures and fittings
2. Property, plant and equipment
Total
Computer
equipment
Fixtures and
fittings
£
£
£
Cost or
valuation
At 01 March 2018
9,800
4,900
4,900
2,500
2,500
-
Additions
At 28 February 2019
4,900
7,400
12,300
Provision for depreciation and impairment
At 01 March 2018
3,138
1,771
1,367
Charge for year
1,509
626
883
At 28 February 2019
4,647
2,397
2,250
At 28 February 2019
Net book value
2,650
5,003
7,653
At 28 February 2018
3,533
3,129
6,662
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5
For the year ended 28 February 2019
Imagine Draughting Services Limited
Notes to the Financial Statements Continued
3. Trade and other payables: amounts falling due within one year
2018
2019
£
£
Taxation and social security
978
-
Other creditors
12,904
2,628
13,882
2,628
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