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REGISTERED NUMBER: 04935480 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD

INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD (REGISTERED NUMBER: 04935480)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 OCTOBER 2024







DIRECTORS: N Taylor
Mrs F E Taylor





SECRETARY: Mrs F E Taylor





REGISTERED OFFICE: Cuilin
Little Moss Lane
Pinner
Middlesex
HA5 3BA





REGISTERED NUMBER: 04935480 (England and Wales)





ACCOUNTANTS: Barber & Company
A trading name of PCM Accounting Limited
2 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD (REGISTERED NUMBER: 04935480)

STATEMENT OF FINANCIAL POSITION
31 OCTOBER 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Property, plant and equipment 4 2,717 3,624
Investments 5 1,250 1,250
3,967 4,874

CURRENT ASSETS
Debtors 6 10,143 16,597
Cash at bank 101,613 152,784
111,756 169,381
CREDITORS
Amounts falling due within one year 7 87,760 131,092
NET CURRENT ASSETS 23,996 38,289
TOTAL ASSETS LESS CURRENT
LIABILITIES

27,963

43,163

CREDITORS
Amounts falling due after more than one
year

8

(6,667

)

(16,667

)

PROVISIONS FOR LIABILITIES 9 (516 ) (689 )
NET ASSETS 20,780 25,807

CAPITAL AND RESERVES
Called up share capital 10 2 2
Retained earnings 20,778 25,805
SHAREHOLDERS' FUNDS 20,780 25,807

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD (REGISTERED NUMBER: 04935480)

STATEMENT OF FINANCIAL POSITION - continued
31 OCTOBER 2024


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 8 May 2025 and were signed on its behalf by:




N Taylor - Director



Mrs F E Taylor - Director


INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD (REGISTERED NUMBER: 04935480)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2024

1. STATUTORY INFORMATION

International Management Answers (IMA) 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.

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.

The financial statements have been prepared in accordance with applicable accounting standards. The particular accounting policies adopted are described below.

TURNOVER
Turnover represents net invoiced fees receivable, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 statement of financial position date.

DEFERRED TAX
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

FOREIGN CURRENCIES
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD (REGISTERED NUMBER: 04935480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

2. ACCOUNTING POLICIES - continued

PENSION COSTS AND OTHER POST-RETIREMENT BENEFITS
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

FIXED ASSET INVESTMENTS
Fixed asset investments are stated at the lower of cost and net realisable value, less provision for impairment in value.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 25 (2023 - 25 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
Plant and and
machinery fittings Totals
£    £    £   
COST
At 1 November 2023
and 31 October 2024 24,116 5,544 29,660
DEPRECIATION
At 1 November 2023 21,235 4,801 26,036
Charge for year 721 186 907
At 31 October 2024 21,956 4,987 26,943
NET BOOK VALUE
At 31 October 2024 2,160 557 2,717
At 31 October 2023 2,881 743 3,624

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2023
and 31 October 2024 1,250
NET BOOK VALUE
At 31 October 2024 1,250
At 31 October 2023 1,250

INTERNATIONAL MANAGEMENT
ANSWERS (IMA) LTD (REGISTERED NUMBER: 04935480)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 OCTOBER 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 3,874 6,430
Other debtors 980 6,610
Prepayments and accrued income 5,289 3,557
10,143 16,597

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 4,599 12,083
Corporation tax - 2,895
Social security and other taxes 55,547 87,251
Other creditors 12,174 12,986
Directors' current accounts 2,190 189
Accruals and deferred income 3,250 5,688
87,760 131,092

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans - 1-2 years 6,667 10,000
Bank loans - 2-5 years - 6,667
6,667 16,667

9. PROVISIONS FOR LIABILITIES
31.10.24 31.10.23
£    £   
Deferred tax 516 689

Deferred
tax
£   
Balance at 1 November 2023 689
Provided during year (173 )
Balance at 31 October 2024 516

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.24 31.10.23
value: £    £   
2 Ordinary shares 1 2 2