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REGISTERED NUMBER: 12555287 (England and Wales)






























REPORT OF THE DIRECTOR AND

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

IMJ VENTURES LIMITED

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

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










Page

Company Information 1

Report of the Director 2

Income Statement 3

Balance Sheet 4

Statement of Changes in Equity 6

Notes to the Financial Statements 7


IMJ VENTURES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: Miss I Mitchell-Jarvis





REGISTERED OFFICE: Granville Hall
Granville Road
Leicester
Leicestershire
LE1 7RU





REGISTERED NUMBER: 12555287 (England and Wales)

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

REPORT OF THE DIRECTOR
FOR THE YEAR ENDED 30 APRIL 2024


The director presents her report with the financial statements of the company for the year ended 30 April 2024.

DIRECTOR
Miss I Mitchell-Jarvis held office during the whole of the period from 1 May 2023 to the date of this report.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





Miss I Mitchell-Jarvis - Director


23 April 2025

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

INCOME STATEMENT
FOR THE YEAR ENDED 30 APRIL 2024

2024 2023
as restated
Notes £    £   

TURNOVER 288,170 366,911

Cost of sales 42,461 26,706
GROSS PROFIT 245,709 340,205

Administrative expenses 75,037 95,994
OPERATING PROFIT and
PROFIT BEFORE TAXATION 170,672 244,211

Tax on profit 43,910 49,390
PROFIT FOR THE FINANCIAL YEAR 126,762 194,821

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

BALANCE SHEET
30 APRIL 2024

2024 2023
as restated
Notes £    £    £   
FIXED ASSETS
Intangible assets 6 7,323 8,553
Tangible assets 7 3,276 1,035
10,599 9,588

CURRENT ASSETS
Stocks 8,233 10,720
Debtors 8 18,611 28,396
Cash at bank 355,750 314,877
382,594 353,993
CREDITORS
Amounts falling due within one year 9 61,236 67,042
NET CURRENT ASSETS 321,358 286,951
TOTAL ASSETS LESS CURRENT
LIABILITIES

331,957

296,539

PROVISIONS FOR LIABILITIES 819 259
NET ASSETS 331,138 296,280

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 331,037 296,179
331,138 296,280

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

BALANCE SHEET - continued
30 APRIL 2024


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

The financial statements were approved by the director and authorised for issue on 23 April 2025 and were signed by:





Miss I Mitchell-Jarvis - Director


IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 30 APRIL 2024

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 May 2022 100 194,112 194,212

Changes in equity
Issue of share capital 1 - 1
Dividends - (92,754 ) (92,754 )
Total comprehensive income - 196,821 196,821
Balance at 30 April 2023 101 298,179 298,280
Prior year adjustment - (2,000 ) (2,000 )
As restated 101 296,179 296,280

Changes in equity
Dividends - (91,904 ) (91,904 )
Total comprehensive income - 126,762 126,762
Balance at 30 April 2024 101 331,037 331,138

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

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


1. STATUTORY INFORMATION

IMJ Ventures Limited 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
Revenue comprises the fair value for the sale of goods and services excluding value added taxes and represents net invoice value. The company provides services and supplies goods to customers under standard terms and conditions. In all cases revenue is recognised when the risks and rewards of ownership are transferred and this is defined to be on the dispatch of goods and completion of services.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, has been amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.


IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

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


2. ACCOUNTING POLICIES - continued
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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

2024 2023
as restated
£    £   
Depreciation - owned assets 767 919
Goodwill amortisation 1,230 1,230

5. PRIOR YEAR ADJUSTMENT

The prior year adjustment relates to the share issue of 1 Ordinary A share and subsequent dividend of £2,000 voted on 5.4.23.

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

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


6. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 12,300
AMORTISATION
At 1 May 2023 3,747
Charge for year 1,230
At 30 April 2024 4,977
NET BOOK VALUE
At 30 April 2024 7,323
At 30 April 2023 8,553

7. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 May 2023 1,391 1,954 3,345
Additions - 3,390 3,390
Disposals - (1,124 ) (1,124 )
At 30 April 2024 1,391 4,220 5,611
DEPRECIATION
At 1 May 2023 738 1,572 2,310
Charge for year 278 489 767
Eliminated on disposal - (742 ) (742 )
At 30 April 2024 1,016 1,319 2,335
NET BOOK VALUE
At 30 April 2024 375 2,901 3,276
At 30 April 2023 653 382 1,035

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Other debtors 18,611 28,396

IMJ VENTURES LIMITED (REGISTERED NUMBER: 12555287)

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


9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
as restated
£    £   
Trade creditors 1,074 354
Taxation and social security 43,350 49,131
Other creditors 16,812 17,557
61,236 67,042

10. RELATED PARTY DISCLOSURES

Included within other creditors is an amount owed to the director of £8,671 (2023: £4,219).