Acorah Software Products - Accounts Production 16.0.110 false true false 9 October 2024 1 February 2023 31 January 2024 31 January 2024 11746667 Sarah Eddo Sharon Jaisingh Emily Clarke Elizabeth LYNCH Arveena Juthan Belinda Brown Eion Heffernan George REID Iami Ltd iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11746667 2023-01-31 11746667 2024-01-31 11746667 2023-02-01 2024-01-31 11746667 frs-core:CurrentFinancialInstruments 2024-01-31 11746667 frs-core:ComputerEquipment 2024-01-31 11746667 frs-core:ComputerEquipment 2023-02-01 2024-01-31 11746667 frs-core:ComputerEquipment 2023-01-31 11746667 frs-core:FurnitureFittings 2024-01-31 11746667 frs-core:FurnitureFittings 2023-02-01 2024-01-31 11746667 frs-core:FurnitureFittings 2023-01-31 11746667 frs-core:RevaluationReserve 2023-01-31 11746667 frs-core:RevaluationReserve 2024-01-31 11746667 frs-bus:CompanyLimitedByGuarantee 2023-02-01 2024-01-31 11746667 frs-bus:FilletedAccounts 2023-02-01 2024-01-31 11746667 frs-bus:SmallEntities 2023-02-01 2024-01-31 11746667 frs-bus:Audited 2023-02-01 2024-01-31 11746667 frs-bus:SmallCompaniesRegimeForAccounts 2023-02-01 2024-01-31 11746667 frs-bus:Director1 2023-02-01 2024-01-31 11746667 frs-bus:Director2 2023-02-01 2024-01-31 11746667 frs-bus:Director3 2023-02-01 2024-01-31 11746667 frs-bus:Director4 2023-02-01 2024-01-31 11746667 frs-bus:Director5 2023-02-01 2024-01-31 11746667 frs-bus:Director6 2023-02-01 2024-01-31 11746667 frs-bus:Director7 2023-02-01 2024-01-31 11746667 frs-bus:Director8 2023-02-01 2024-01-31 11746667 frs-bus:Director9 2023-02-01 2024-01-31 11746667 frs-countries:EnglandWales 2023-02-01 2024-01-31
Registered number: 11746667
IAMI LTD
Financial Statements
For The Year Ended 31 January 2024
First Accounting Group
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 11746667
2024
Notes £ £
FIXED ASSETS
Tangible Assets 4 5,761
5,761
CURRENT ASSETS
Cash at bank and in hand 19,983
19,983
Creditors: Amounts Falling Due Within One Year 5 (20,997 )
NET CURRENT ASSETS (LIABILITIES) (1,014 )
TOTAL ASSETS LESS CURRENT LIABILITIES 4,747
NET ASSETS 4,747
RESERVES
Revaluation reserve 6 4,747
MEMBERS' FUNDS 4,747
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Income and Expenditure Account.
On behalf of the board
09/10/2024
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
IAMI LTD is a private company, limited by guarantee, incorporated in England & Wales, registered number 11746667 . The registered office is 79b Torriano Ave Torriano Avenue, London, NW5 2SG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 25%
Computer Equipment 25%
2.3. Government Grant
Government grants are recognised in the income and expenditure account in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.
Grants for immediate financial support or to cover costs already incurred are recognised immediately in the income and expenditure account. Grants towards general activities of the entity over a specific period are recognised in the income and expenditure account over that period.
Grants towards fixed assets are recognised over the expected useful lives of the related assets and are treated as deferred income and released to the income and expenditure account over the useful life of the asset concerned.
All grants in the income and expenditure account are recognised when all conditions for receipt have been complied with.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 3
3
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 February 2023 - 6,610 6,610
Additions 1,071 - 1,071
As at 31 January 2024 1,071 6,610 7,681
Depreciation
As at 1 February 2023 - - -
Provided during the period 268 1,652 1,920
As at 31 January 2024 268 1,652 1,920
Net Book Value
As at 31 January 2024 803 4,958 5,761
As at 1 February 2023 - 6,610 6,610
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Page 3
5. Creditors: Amounts Falling Due Within One Year
2024
£
Trade creditors 20,997
6. Reserves
Revaluation Reserve
£
As at 1 February 2023 4,747
As at 31 January 2024 4,747
7. Company limited by guarantee
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
8. FRC's Ethical Standard - Provision Available for Small Entities
In common with other businesses of our size and nature we use our auditors to prepare and submit returns to the tax authorities and assist with the preparation of the financial statements.
9. Audit Information
The auditors report on the account of IAMI LTD for the year ended 31 January 2024 was unqualified
The auditor's report was signed by Mr C Samuel (Senior Statutory Auditor) for and on behalf of First Accounting Group , Statutory Auditor
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