BrightAccountsProduction v1.0.0 v1.0.0 2023-06-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity is the sale of foreign properties and online picture classified advertising. 28 January 2025 0 0 NI044708 2024-05-31 NI044708 2023-05-31 NI044708 2022-05-31 NI044708 2023-06-01 2024-05-31 NI044708 2022-06-01 2023-05-31 NI044708 uk-bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 NI044708 uk-curr:PoundSterling 2023-06-01 2024-05-31 NI044708 uk-bus:SmallCompaniesRegimeForAccounts 2023-06-01 2024-05-31 NI044708 uk-bus:FullAccounts 2023-06-01 2024-05-31 NI044708 uk-core:ShareCapital 2024-05-31 NI044708 uk-core:ShareCapital 2023-05-31 NI044708 uk-core:RetainedEarningsAccumulatedLosses 2024-05-31 NI044708 uk-core:RetainedEarningsAccumulatedLosses 2023-05-31 NI044708 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-05-31 NI044708 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-05-31 NI044708 uk-bus:FRS102 2023-06-01 2024-05-31 NI044708 uk-core:PlantMachinery 2023-06-01 2024-05-31 NI044708 uk-core:FurnitureFittingsToolsEquipment 2023-06-01 2024-05-31 NI044708 uk-core:OtherPropertyPlantEquipment 2023-06-01 2024-05-31 NI044708 uk-core:WithinOneYear 2024-05-31 NI044708 uk-core:WithinOneYear 2023-05-31 NI044708 uk-core:OtherMiscellaneousReserve 2023-05-31 NI044708 uk-core:OtherMiscellaneousReserve 2023-06-01 2024-05-31 NI044708 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-05-31 NI044708 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-05-31 NI044708 uk-core:OtherDeferredTax 2024-05-31 NI044708 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-05-31 NI044708 uk-core:OtherMiscellaneousReserve 2024-05-31 NI044708 2023-06-01 2024-05-31 NI044708 uk-bus:Director1 2023-06-01 2024-05-31 NI044708 uk-bus:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
Company Registration Number: NI044708
 
 
Amjam Limited
 
Unaudited Financial Statements
 
for the financial year ended 31 May 2024
Amjam Limited
Company Registration Number: NI044708
BALANCE SHEET
as at 31 May 2024

2024 2023
Notes £ £
 
Fixed Assets
Tangible assets 4 201 259
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Current Assets
Cash and cash equivalents 10,070 6,633
Creditors: amounts falling due within one year 5 (8,632) (7,253)
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Net Current Assets/(Liabilities) 1,438 (620)
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Total Assets less Current Liabilities 1,639 (361)
 
Provisions for liabilities 6 146 132
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Net Assets/(Liabilities) 1,785 (229)
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Capital and Reserves
Called up share capital 2 2
Retained earnings 1,783 (231)
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Equity attributable to owners of the company 1,785 (229)
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The financial statements have been prepared 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 company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Director's Report.
           
For the financial year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges his responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 28 January 2025
           
           
________________________________          
Mr Seamus McConville          
Director          
           



Amjam Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 31 May 2024

   
1. General Information
 
Amjam Limited is a company limited by shares incorporated in Northern Ireland. 40 Cabin Hill Gardens, Belfast, Co Antrim, BT5 7AQ, Northern Ireland is the registered office, which is also the principal place of business of the company. The nature of the company’s operations and its principal activities are set out in the Director's Report. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 31 May 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the year.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Office Fixtures and Fittings - 20% Reducing Balance
  Computer Equipment - 25% Reducing Balance
  Website Software - 25% Straight Line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Balance Sheet date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Profit and Loss Account.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 3, (2023 - 1).
           
4. Tangible assets
  Office Computer Website Total
  Fixtures Equipment Software  
  and Fittings      
  £ £ £ £
Cost
At 1 June 2023 5,482 13,423 5,842 24,747
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At 31 May 2024 5,482 13,423 5,842 24,747
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Depreciation
At 1 June 2023 5,360 13,286 5,842 24,488
Charge for the financial year 24 34 - 58
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At 31 May 2024 5,384 13,320 5,842 24,546
  ───────── ───────── ───────── ─────────
Net book value
At 31 May 2024 98 103 - 201
  ═════════ ═════════ ═════════ ═════════
At 31 May 2023 122 137 - 259
  ═════════ ═════════ ═════════ ═════════
       
5. Creditors 2024 2023
Amounts falling due within one year £ £
 
Trade creditors 4,164 2,140
Taxation 2,546 3,697
Director's current account 52 216
Other creditors 670 -
Accruals 1,200 1,200
  ───────── ─────────
  8,632 7,253
  ═════════ ═════════
         
6. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start (132) (132) (157)
Charged to profit and loss (14) (14) 25
  ───────── ───────── ─────────
At financial year end (146) (146) (132)
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7. Related party transactions
 
At the start of the year Amjam Limited owed the director £216. During the year, Amjam Limited borrowed £14,590 and repaid £14,754 to the director, leaving a closing balance of £52 owed to the director (2023: £216). This is included in the creditors  section of the balance sheet.