2023-07-012024-06-302024-06-30false05408195IMJ EDMUNDS 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IMJ EDMUNDS LIMITED

Registered Number
05408195
(England and Wales)

Unaudited Financial Statements for the Year ended
30 June 2024

IMJ EDMUNDS LIMITED
Company Information
for the year from 1 July 2023 to 30 June 2024

Directors

Charlie Ann Edmunds
Ivor Michael Edmunds

Company Secretary

Charlie Ann Edmunds

Registered Address

The Croft, Higher Downgate
Callington
Cornwall
PL17 8HL

Registered Number

05408195 (England and Wales)
IMJ EDMUNDS LIMITED
Balance Sheet as at
30 June 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets464,10448,456
64,10448,456
Current assets
Stocks523,98053,500
Debtors6166,67437,806
Cash at bank and on hand156,357267,193
347,011358,499
Creditors amounts falling due within one year7(280,594)(292,653)
Net current assets (liabilities)66,41765,846
Total assets less current liabilities130,521114,302
Provisions for liabilities8(16,988)(9,207)
Net assets113,533105,095
Capital and reserves
Called up share capital110100
Profit and loss account113,423104,995
Shareholders' funds113,533105,095
The financial statements were approved and authorised for issue by the Board of Directors on 9 October 2024, and are signed on its behalf by:
Ivor Michael Edmunds
Director
Registered Company No. 05408195
IMJ EDMUNDS LIMITED
Notes to the Financial Statements
for the year ended 30 June 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)Straight line (years)
Plant and machinery25-
Fixtures and fittings15-
Vehicles25-
Office Equipment-3
Stocks and work in progress
Stocks are valued at the lower of cost and estimated selling price (less any associated costs to enable such sales to complete).
2.Average number of employees

20242023
Average number of employees during the year54
3.Intangible assets

Goodwill

Total

££
Cost or valuation
At 01 July 2360,00060,000
At 30 June 2460,00060,000
Amortisation and impairment
At 01 July 2360,00060,000
At 30 June 2460,00060,000
Net book value
At 30 June 24--
At 30 June 23--
4.Tangible fixed assets

Plant & machinery

Vehicles

Office Equipment

Total

££££
Cost or valuation
At 01 July 2325,47159,9205,57090,961
Additions9,45219,8011,29730,550
Disposals(600)(8,595)-(9,195)
At 30 June 2434,32371,1266,867112,316
Depreciation and impairment
At 01 July 2314,48625,3232,69642,505
Charge for year3,0429,99668313,721
On disposals(566)(7,448)-(8,014)
At 30 June 2416,96227,8713,37948,212
Net book value
At 30 June 2417,36143,2553,48864,104
At 30 June 2310,98534,5972,87448,456
5.Stocks

2024

2023

££
Work in progress21,02046,000
Other stocks2,9607,500
Total23,98053,500
6.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables144,87431,803
Other debtors14,697-
Prepayments and accrued income7,1036,003
Total166,67437,806
7.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables27,44244,990
Taxation and social security63,57065,338
Other creditors189,582182,325
Total280,594292,653
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)16,9889,207
Total16,9889,207
9.Related party transactions
At the year end the company owed I Edmunds and C Edmunds, Directors, £159,842 (2023 - £159,945.)