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REGISTERED NUMBER: 07088663 (England and Wales)















Financial Statements for the Period 1 May 2016 to 6 April 2017

for

Imaxa Ltd

Imaxa Ltd (Registered number: 07088663)

Contents of the Financial Statements
for the Period 1 May 2016 to 6 April 2017










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Imaxa Ltd

Company Information
for the Period 1 May 2016 to 6 April 2017







DIRECTORS: A Fawad
A S Fawad





REGISTERED OFFICE: Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB





REGISTERED NUMBER: 07088663 (England and Wales)





ACCOUNTANTS: Towers & Gornall
Chartered Certified Accountants
Suites 5 & 6 The Printworks
Hey Road
Barrow
Clitheroe
Lancashire
BB7 9WB

Imaxa Ltd (Registered number: 07088663)

Balance Sheet
6 April 2017

6.4.17 30.4.16
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,000 1,594

CURRENT ASSETS
Debtors 5 - 4,899
Cash at bank 133,086 178,175
133,086 183,074
CREDITORS
Amounts falling due within one year 6 20,002 77,583
NET CURRENT ASSETS 113,084 105,491
TOTAL ASSETS LESS CURRENT
LIABILITIES

115,084

107,085

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 114,984 106,985
SHAREHOLDERS' FUNDS 115,084 107,085

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 6 April 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 6 April 2017 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.

Imaxa Ltd (Registered number: 07088663)

Balance Sheet - continued
6 April 2017


The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 22 August 2017 and were
signed on its behalf by:





A Fawad - Director


Imaxa Ltd (Registered number: 07088663)

Notes to the Financial Statements
for the Period 1 May 2016 to 6 April 2017


1. STATUTORY INFORMATION

Imaxa 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 the provisions of Section 1A "Small Entities" 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 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.

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 reducing balance

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.

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 period 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.

Imaxa Ltd (Registered number: 07088663)

Notes to the Financial Statements - continued
for the Period 1 May 2016 to 6 April 2017


3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 (2016 - 2 ) .

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 May 2016 4,883
Additions 1,500
At 6 April 2017 6,383
DEPRECIATION
At 1 May 2016 3,289
Charge for period 1,094
At 6 April 2017 4,383
NET BOOK VALUE
At 6 April 2017 2,000
At 30 April 2016 1,594

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6.4.17 30.4.16
£    £   
Trade debtors - 4,800
Prepayments - 99
- 4,899

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
6.4.17 30.4.16
£    £   
Corporation tax 17,379 27,902
Social security and other taxes - 17
Directors' current accounts 1,243 34,871
Accrued expenses 1,380 14,793
20,002 77,583

Imaxa Ltd (Registered number: 07088663)

Notes to the Financial Statements - continued
for the Period 1 May 2016 to 6 April 2017


7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 6.4.17 30.4.16
value: £    £   
100 Ordinary £1 100 100

8. RELATED PARTY DISCLOSURES

During the period, total dividends of £60,000 (2016 - £88,000) were paid to the directors .

9. ULTIMATE CONTROLLING PARTY

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.