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Company Registration No. 07824913 (England and Wales)
INJ Associates Ltd Unaudited accounts for the year ended 31 March 2024
INJ Associates Ltd Unaudited accounts Contents
Page
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INJ Associates Ltd Company Information for the year ended 31 March 2024
Directors
Jack Deverson Stuart Kime
Company Number
07824913 (England and Wales)
Registered Office
1 Grange Crescent Sunderland SR2 7BN England
Accountants
Abacus Jack Ltd New Century House Crowther Road Washington Tyne and Wear NE38 0QA
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INJ Associates Ltd Statement of financial position as at 31 March 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
194,224 
116,886 
Tangible assets
247,220 
244,989 
441,444 
361,875 
Current assets
Debtors
280,842 
86,848 
Investments
40,000 
40,000 
Cash at bank and in hand
196,752 
126,619 
517,594 
253,467 
Creditors: amounts falling due within one year
(744,877)
(460,990)
Net current liabilities
(227,283)
(207,523)
Total assets less current liabilities
214,161 
154,352 
Creditors: amounts falling due after more than one year
- 
(151,862)
Net assets
214,161 
2,490 
Capital and reserves
Called up share capital
190 
190 
Profit and loss account
213,971 
2,300 
Shareholders' funds
214,161 
2,490 
For the year ending 31 March 2024 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by
Jack Deverson Director Company Registration No. 07824913
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INJ Associates Ltd Notes to the Accounts for the year ended 31 March 2024
1
Statutory information
INJ Associates Ltd is a private company, limited by shares, registered in England and Wales, registration number 07824913. The registered office is 1 Grange Crescent, Sunderland, SR2 7BN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
over 5 years
Fixtures & fittings
over 5 years
Computer equipment
over 5 years
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
4
Intangible fixed assets
Other 
£ 
Cost
At 1 April 2023
139,018 
Additions
101,377 
At 31 March 2024
240,395 
Amortisation
At 1 April 2023
22,132 
Charge for the year
24,039 
At 31 March 2024
46,171 
Net book value
At 31 March 2024
194,224 
At 31 March 2023
116,886 
Computer software R&D capitalised. Amortised over 10 years.
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INJ Associates Ltd Notes to the Accounts for the year ended 31 March 2024
5
Tangible fixed assets
Land & buildings 
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 1 April 2023
241,320 
27,701 
3,064 
272,085 
Additions
- 
9,286 
1,025 
10,311 
At 31 March 2024
241,320 
36,987 
4,089 
282,396 
Depreciation
At 1 April 2023
- 
25,530 
1,566 
27,096 
Charge for the year
- 
7,075 
1,005 
8,080 
At 31 March 2024
- 
32,605 
2,571 
35,176 
Net book value
At 31 March 2024
241,320 
4,382 
1,518 
247,220 
At 31 March 2023
241,320 
2,171 
1,498 
244,989 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
286,970 
84,778 
Accrued income and prepayments
(8,198)
- 
Other debtors
2,070 
2,070 
280,842 
86,848 
7
Investments held as current assets
2024 
2023 
£ 
£ 
Unlisted investments
40,000 
40,000 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
(508)
14,856 
VAT
4,484 
35,623 
Trade creditors
5,655 
(204)
Taxes and social security
118,202 
35,218 
Other creditors
5,517 
- 
Loans from directors
- 
19,300 
Accruals
- 
1,500 
Deferred income
611,527 
354,697 
744,877 
460,990 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
- 
151,862 
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INJ Associates Ltd Notes to the Accounts for the year ended 31 March 2024
10
Average number of employees
During the year the average number of employees was 18 (2023: 15).
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