Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-312023-04-01falseNo description of principal activity23truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 06167914 2023-04-01 2024-03-31 06167914 2022-04-01 2023-03-31 06167914 2024-03-31 06167914 2023-03-31 06167914 2022-04-01 06167914 c:Director1 2023-04-01 2024-03-31 06167914 d:PlantMachinery 2023-04-01 2024-03-31 06167914 d:FurnitureFittings 2023-04-01 2024-03-31 06167914 d:FurnitureFittings 2024-03-31 06167914 d:FurnitureFittings 2023-03-31 06167914 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06167914 d:ComputerEquipment 2023-04-01 2024-03-31 06167914 d:ComputerEquipment 2024-03-31 06167914 d:ComputerEquipment 2023-03-31 06167914 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06167914 d:OtherPropertyPlantEquipment 2024-03-31 06167914 d:OtherPropertyPlantEquipment 2023-03-31 06167914 d:OtherPropertyPlantEquipment d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06167914 d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 06167914 d:CurrentFinancialInstruments 2024-03-31 06167914 d:CurrentFinancialInstruments 2023-03-31 06167914 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 06167914 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 06167914 d:ShareCapital 2024-03-31 06167914 d:ShareCapital 2023-03-31 06167914 d:RetainedEarningsAccumulatedLosses 2024-03-31 06167914 d:RetainedEarningsAccumulatedLosses 2023-03-31 06167914 c:FRS102 2023-04-01 2024-03-31 06167914 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 06167914 c:FullAccounts 2023-04-01 2024-03-31 06167914 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06167914 d:AcceleratedTaxDepreciationDeferredTax 2024-03-31 06167914 d:AcceleratedTaxDepreciationDeferredTax 2023-03-31 06167914 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 06167914









INM ASSOCIATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

 
INM ASSOCIATES LIMITED
REGISTERED NUMBER: 06167914

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
776
2,092

  
776
2,092

Current assets
  

Debtors: amounts falling due within one year
 6 
17,480
24,320

Cash at bank and in hand
  
53,134
13,848

  
70,614
38,168

Creditors: amounts falling due within one year
  
(59,480)
(39,281)

Net current assets/(liabilities)
  
 
 
11,134
 
 
(1,113)

Total assets less current liabilities
  
11,910
979

Provisions for liabilities
  

Deferred tax
 7 
(147)
(397)

  
 
 
(147)
 
 
(397)

Net assets
  
11,763
582


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
11,663
482

  
11,763
582


Page 1

 
INM ASSOCIATES LIMITED
REGISTERED NUMBER: 06167914
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 22 January 2025.




T Baal
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
INM ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

INM Associates Limited is a private company limited by shares and registered in England and Wales. The address of its registered office is 124 Finchley Road, London, NW3 5JS. The address of its principal place of business is 3 John Street, London, WC1N 2ES. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency
The Company's functional and presentational currency is GBP.
Transactions and balances
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at rates of exchange ruling at the balance sheet date.
Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction.
Exchange gains and losses are recognised in the profit and loss account.

 
2.3

Revenue recognition

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. 
Turnover comprises revenue recognised by the company in respect of business and management consultancy services.  

 
2.4

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the statement of financial position. The assets of the plan are held separately from the Company in independently administered funds.

Page 3

 
INM ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, see table below.

Depreciation is provided on the following basis:

Plant & machinery
-
25.00%
straight line
Fixtures & fittings
-
25.00%
reducing balance
Computer equipment
-
33.33%
straight line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
INM ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.7

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.8

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Judgments in applying accounting policies and key sources of estimation uncertainty

The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the reporting date and the amounts reported for revenues and expenses during the year. However, the nature of estimation means   that actual outcomes could differ from those estimates.
Tangible assets
Tangible assets are depreciated over their useful lives taking into account residual values where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending upon a number of factors. In re-assessing the assets' lives, factors such as technological innovation, product life cycles and maintenance programmes are taken into account.
Accruals
The company makes an estimate of accruals at the year end based on invoices received after the year end and work undertaken which has not been invoiced based on quotations or estimates of amounts that may be due for payment.


4.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 5

 
INM ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Tangible fixed assets





Fixtures & fittings
Computer equipment
Other fixed assets
Total

£
£
£
£



Cost or valuation


At 1 April 2023
4,742
9,070
2,264
16,076



At 31 March 2024

4,742
9,070
2,264
16,076



Depreciation


At 1 April 2023
4,623
7,946
1,415
13,984


Charge for the year on owned assets
30
720
566
1,316



At 31 March 2024

4,653
8,666
1,981
15,300



Net book value



At 31 March 2024
89
404
283
776



At 31 March 2023
119
1,124
849
2,092

Page 6

 
INM ASSOCIATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
12,480
19,320

Other debtors
5,000
5,000

17,480
24,320



7.


Deferred taxation




2024
2023


£

£






At beginning of year
(397)
(558)


Charged to profit or loss
250
161



At end of year
(147)
(397)

The provision for deferred taxation is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(147)
(397)

(147)
(397)


8.


Related party transactions

During the year, T Baal and D A Baal received dividends amounting to £16,275 (2023: £12,000) and £10,850 (2023: £8,000) respectively. At the reporting date, the company owed £37,085 (2023: £24,634) to T Baal and D A Baal, the company directors.

Page 7