Ijim Consulting Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 12347118

Ijim Consulting Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Ijim Consulting Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	4		112,388	108,840

Current assets

Debtors	5	154,305	89,398
Cash at bank and in hand		34,808	11,791
		---------	---------
		189,113	101,189

Creditors: amounts falling due within one year	6	92,895		66,615
		---------		---------
Net current assets			96,218	34,574
			---------	---------
Total assets less current liabilities			208,606	143,414

Provisions

Taxation including deferred tax	5,409	986
	---------	---------
Net assets	203,197	142,428
	---------	---------

Ijim Consulting Limited

Statement of Financial Position (continued)

31 December 2024

	2024		2023
Note	£	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	203,097	142,328
	---------	---------
Shareholders funds	203,197	142,428
	---------	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

J Clovis
Director

Company registration number: 12347118

Ijim Consulting Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Income tax

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

Foreign currencies

Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Land and buildings	-	10% straight line
Equipment	-	25% reducing balance

Provisions

Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.

Financial instruments

The company holds basic financial instruments as defined in FRS102. The financial assets and financial liabilities of the company and their measurement basis are as follows: Financial assets - trade and other debtors are basic financial instruments and are debt instruments measured atamortised cost. Prepayments are not financial instruments. Cash at bank is classified as a basic financialinstrument and is measured at amortised cost. Financial liabilities - trade creditors, accruals and other creditors are financial instruments, and are measured at amortised cost. Taxation and social security are not included in the financial instruments disclosure definition

4. Tangible assets

	Land and buildings	Equipment	Total
	£	£	£
Cost
At 1 January 2024	105,279	16,386	121,665
Additions	600	19,437	20,037
	---------	--------	---------
At 31 December 2024	105,879	35,823	141,702
	---------	--------	---------
Depreciation
At 1 January 2024	7,019	5,806	12,825
Charge for the year	10,588	5,901	16,489
	---------	--------	---------
At 31 December 2024	17,607	11,707	29,314
	---------	--------	---------
Carrying amount
At 31 December 2024	88,272	24,116	112,388
	---------	--------	---------
At 31 December 2023	98,260	10,580	108,840
	---------	--------	---------

5. Debtors

	2024	2023
	£	£
Trade debtors	31,001	36,515
Other debtors	123,304	52,883
	---------	--------
	154,305	89,398
	---------	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	9,791	204
Social security and other taxes	43,035	8,587
Other creditors	40,069	57,824
	--------	--------
	92,895	66,615
	--------	--------

7. Director's advances, credits and guarantees

The director operates a loan account with the company. The opening balance was £23,729 (2023: £25,327), directors took advances of £37,033 (2023: £86,877) and made repayments of £60,872 (2023:£88,475). As at the balance sheet date, £110 (2023: £23,729 was owed to the company) was owed to the director. Interest is charged at 2.25% on the average balance and the loan is repayable on demand.