Registered number
09670819
IamYIam Limited
Filleted Accounts
31 December 2024
IamYIam Limited
Registered number: 09670819
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Intangible assets 3 483,454 482,083
Tangible assets 4 - 3,295
483,454 485,378
Current assets
Debtors 5 722,454 7,541
Cash at bank and in hand 60,581 306,495
783,035 314,036
Creditors: amounts falling due within one year 6 (10,725) (32,237)
Net current assets 772,310 281,799
Total assets less current liabilities 1,255,764 767,177
Creditors: amounts falling due after more than one year 7 (1,210,273) (379,759)
Net assets 45,491 387,418
Capital and reserves
Called up share capital 157 157
Share premium 5,194,164 5,153,417
Profit and loss account (5,148,830) (4,766,156)
Shareholders' funds 45,491 387,418
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Lorena Puica
Director
Approved by the board on 18 March 2025
IamYIam Limited
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Intangible fixed assets
Amortisationis provided on intangible assets as to write off the cost, less any estimated residual value, over their useful life. Internally generated software development costs amortised over estimated useful life of 10 years.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery 20% on cost
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 7 6
3 Intangible fixed assets £
Internally generated software:
Cost
At 1 January 2024 602,603
Additions 68,480
At 31 December 2024 671,083
Amortisation
At 1 January 2024 120,520
Provided during the year 67,109
At 31 December 2024 187,629
Net book value
At 31 December 2024 483,454
At 31 December 2023 482,083
Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.
4 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 20,098
At 31 December 2024 20,098
Depreciation
At 1 January 2024 16,803
Charge for the year 3,295
At 31 December 2024 20,098
Net book value
At 31 December 2024 -
At 31 December 2023 3,295
5 Debtors 2024 2023
£ £
Trade debtors 11,666 7,541
Other debtors 710,788 -
722,454 7,541
6 Creditors: amounts falling due within one year 2024 2023
£ £
Non-equity preference shares 157,642 153,820
Bank loans and overdrafts 17,530 18,960
Trade creditors 10,436 16,785
Amounts owed to group undertakings and undertakings in which the company has a participating interest 3,939 -
Taxation and social security costs (182,306) (178,079)
Other creditors 3,484 20,751
10,725 32,237
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 4,123 14,359
Other creditors 1,206,150 365,400
1,210,273 379,759
8 Loans 2024 2023
£ £
Creditors include:
A loan from the director, Ms L Puica, to the company. This loan is not accruing interest and is repayable on demand. 1,181,996 365,400
9 Loans from directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Lorena Puica 365,400 816,596 1,181,996
365,400 - 816,596 1,181,996
10 Controlling party
The controlling party is the director, Ms L Puica, who holds the majority shares.
11 Other information
IamYIam Limited is a private company limited by shares and incorporated in England. Its registered office is:
207 Regent Street
Floor 3
London
England
W1B 3HH
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