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REGISTERED NUMBER: 06933652 (England and Wales)















INITIAL ACCIDENT MANAGEMENT SERVICES LTD

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2024






INITIAL ACCIDENT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 06933652)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Report of the Accountants 2

Balance Sheet 3

Notes to the Financial Statements 4 to 5


INITIAL ACCIDENT MANAGEMENT SERVICES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: Mr Azar Rashid





REGISTERED OFFICE: 4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE





BUSINESS ADDRESS: 23 Strathdene Road
Sellyoak
Birmingham
West Midlands
B29 6QL





REGISTERED NUMBER: 06933652 (England and Wales)





ACCOUNTANTS: Shareef
Chartered Accountants
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE

INITIAL ACCIDENT MANAGEMENT SERVICES LTD

REPORT OF THE ACCOUNTANTS TO THE DIRECTOR OF
INITIAL ACCIDENT MANAGEMENT SERVICES LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 30 June 2024 set out on pages four to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Shareef
Chartered Accountants
4 Highlands Court
Cranmore Avenue
Solihull
West Midlands
B90 4LE


28 February 2025

INITIAL ACCIDENT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 06933652)

BALANCE SHEET
30 JUNE 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Debtors 4 813,942 799,943
Cash at bank and in hand 2,137 16,253
816,079 816,196
CREDITORS
Amounts falling due within one year 5 840,393 839,711
NET CURRENT LIABILITIES (24,314 ) (23,515 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(24,314

)

(23,515

)

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (24,315 ) (23,516 )
SHAREHOLDERS' FUNDS (24,314 ) (23,515 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

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 28 February 2025 and were signed by:





Mr Azar Rashid - Director


INITIAL ACCIDENT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 06933652)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024


1. STATUTORY INFORMATION

Initial Accident Management Services 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.

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.

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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by participating interests 583,072 583,072
Other debtors 230,870 216,871
813,942 799,943

INITIAL ACCIDENT MANAGEMENT SERVICES LTD (REGISTERED NUMBER: 06933652)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to participating interests 13,497 13,497
Taxation and social security 316,587 316,589
Other creditors 510,309 509,625
840,393 839,711

6. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 June 2024 and 30 June 2023:

2024 2023
£    £   
Mr Azar Rashid
Balance outstanding at start of year 216,830 182,035
Amounts advanced 14,000 34,795
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 230,830 216,830