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REGISTERED NUMBER: 07284575 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

IGM LEGAL LTD

IGM LEGAL LTD (REGISTERED NUMBER: 07284575)






Contents of the Financial Statements
for the year ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IGM LEGAL LTD

Company Information
for the year ended 31 March 2024







DIRECTOR: I Guthrie





REGISTERED OFFICE: 139 Loder Road
Brighton
East Sussex
BN1 6PN





REGISTERED NUMBER: 07284575 (England and Wales)





ACCOUNTANTS: Plus Accounting
Chartered Accountants
Preston Park House
South Road
Brighton
East Sussex
BN1 6SB

IGM LEGAL LTD (REGISTERED NUMBER: 07284575)

Balance Sheet
31 March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 7 240

CURRENT ASSETS
Debtors 5 96,662 96,083
Cash at bank - 3,929
96,662 100,012
CREDITORS
Amounts falling due within one year 6 (79,288 ) (62,580 )
NET CURRENT ASSETS 17,374 37,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,381

37,672

CREDITORS
Amounts falling due after more than one
year

7

(10,790

)

(12,775

)
NET ASSETS 6,591 24,897

CAPITAL AND RESERVES
Called up share capital 8 10 10
Retained earnings 6,581 24,887
SHAREHOLDERS' FUNDS 6,591 24,897

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IGM LEGAL LTD (REGISTERED NUMBER: 07284575)

Balance Sheet - continued
31 March 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 2 January 2025 and were signed by:





I Guthrie - Director


IGM LEGAL LTD (REGISTERED NUMBER: 07284575)

Notes to the Financial Statements
for the year ended 31 March 2024

1. STATUTORY INFORMATION

IGM Legal 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents the fair value of consideration received or receivable net of VAT. Revenue, from the sale of recruitment services, is recognised at the point of sale.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Computer equipment - 33% on cost

Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.

Taxation
Taxation for the year 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.

Going concern
The accounts are prepared on a basis other than that of a going concern.

Impairment
At each balance sheet date, the company reviews the carrying amount of its assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of an asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

IGM LEGAL LTD (REGISTERED NUMBER: 07284575)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 April 2023
and 31 March 2024 707
DEPRECIATION
At 1 April 2023 233
Charge for year 467
At 31 March 2024 700
NET BOOK VALUE
At 31 March 2024 7
At 31 March 2023 474

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 96,662 96,083

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 7,160 1,095
Trade creditors 232 286
Taxation and social security 63,971 52,264
Other creditors 7,925 8,935
79,288 62,580

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 10,790 12,775

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,487 4,725

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1,000 Ordinary 1p 10 10

IGM LEGAL LTD (REGISTERED NUMBER: 07284575)

Notes to the Financial Statements - continued
for the year ended 31 March 2024

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
I Guthrie
Balance outstanding at start of year 78,490 40,046
Amounts advanced 1,760 41,711
Amounts repaid (1,327 ) (3,267 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 78,923 78,490

Interest has been charged at the HMRC advisory rate on the above in all instances where the balance exceeded £10,000.