2024-10-01 2025-09-30 false Capium Accounts Production 1.1 10379091 2024-10-01 2025-09-30 10379091 bus:AbridgedAccounts 2024-10-01 2025-09-30 10379091 bus:FRS102 2024-10-01 2025-09-30 10379091 bus:AuditExemptWithAccountantsReport 2024-10-01 2025-09-30 10379091 bus:SmallCompaniesRegimeForAccounts 2024-10-01 2025-09-30 10379091 bus:PrivateLimitedCompanyLtd 2024-10-01 2025-09-30 10379091 2024-10-01 2025-09-30 10379091 2025-09-30 10379091 bus:RegisteredOffice 2024-10-01 2025-09-30 10379091 core:WithinOneYear 2025-09-30 10379091 core:AfterOneYear 2025-09-30 10379091 1 2024-10-01 2025-09-30 10379091 bus:Director1 2024-10-01 2025-09-30 10379091 bus:Director1 2025-09-30 10379091 bus:Director1 2023-10-01 2024-09-30 10379091 2023-10-01 10379091 bus:CompanySecretary1 2024-10-01 2025-09-30 10379091 bus:LeadAgentIfApplicable 2024-10-01 2025-09-30 10379091 2023-10-01 2024-09-30 10379091 2024-09-30 10379091 core:WithinOneYear 2024-09-30 10379091 core:AfterOneYear 2024-09-30 10379091 bus:EntityAccountantsOrAuditors 2023-10-01 2024-09-30 10379091 bus:OrdinaryShareClass1 2024-10-01 2025-09-30 10379091 bus:OrdinaryShareClass1 2025-09-30 10379091 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 10379091 bus:OrdinaryShareClass1 2024-09-30 10379091 core:FurnitureFittings 2024-10-01 2025-09-30 10379091 core:FurnitureFittings 2025-09-30 10379091 core:FurnitureFittings 2024-09-30 10379091 core:ComputerEquipment 2024-10-01 2025-09-30 10379091 core:ComputerEquipment 2025-09-30 10379091 core:ComputerEquipment 2024-09-30 10379091 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2025-09-30 10379091 core:LeasedAssetsHeldAsLessee core:PlantMachinery 2024-09-30 10379091 core:CostValuation core:Non-currentFinancialInstruments 2025-09-30 10379091 core:CostValuation core:Non-currentFinancialInstruments 2024-09-30 10379091 core:AdditionsToInvestments core:Non-currentFinancialInstruments 2025-09-30 10379091 core:DisposalsDecreaseInInvestments core:Non-currentFinancialInstruments 2025-09-30 10379091 core:RevaluationsIncreaseDecreaseInInvestments core:Non-currentFinancialInstruments 2025-09-30 10379091 core:Non-currentFinancialInstruments 2025-09-30 10379091 core:Non-currentFinancialInstruments 2024-09-30 10379091 core:CapitalRedemptionReserve 2025-09-30 10379091 core:CapitalRedemptionReserve 2024-09-30 10379091 core:RetainedEarningsAccumulatedLosses 2025-09-30 10379091 core:RetainedEarningsAccumulatedLosses 2024-09-30 10379091 dpl:Item1 2024-10-01 10379091 dpl:Item1 2025-09-30 10379091 dpl:Item1 2023-10-01 10379091 dpl:Item1 2024-09-30 iso4217:GBP xbrli:shares xbrli:pure
Registered Number: 10379091
England and Wales

 

 

 

INITJAMES LTD



Abridged Accounts
 


Period of accounts

Start date: 01 October 2024

End date: 30 September 2025

INITJAMES LTD
Contents Page
For the year ended 30 September 2025
Accountants report
You consider that the company is exempt from an audit for the year ended 30 September 2025. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.



Paul E Ono
Chartered Accountant 
AMLS/ ACSP/ CIM/ Professional Manager  - Chartered 



....................................................

CPPT & ACCOUNTANCY SERVICES LIMITED
UNIT 203A
ISLAND BUSINESS CENTRE
18 - 36 WELLINGTON STREET
LONDON
SE18 6PF
14 July 2026
1
 
 		 Notes
 		 2025
£		   2024
£
Fixed assets      
Tangible fixed assets 6 10,500    12,000 
10,500    12,000 
Current assets      
Net current assets 0    0 
 
Total assets less current liabilities 10,500    12,000 
Net assets 10,500    12,000 
 

Capital and reserves 		     
Capital Redemption Reserve 10,000    10,980 
Profit and loss account 500    1,020 
Shareholders' funds 10,500    12,000 
 


For the accounting period ended 30 September 2025, the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the financial year period ended 30 September 2025 in question and in accordance with section 476.
  2. 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 for the financial year ended 30 September 2025.
These 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 income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 13 July 2026 and were signed by:


-------------------------------
INIOBONG AJIBOLA
Director
2
General Information
INITJAMES LTD is a private limited and incorporated on 16 September 2016. The company is registered in England and Wales and the company registration number is 10379091. The registered office address is 5 Alma Place, Strood, Rochester, Kent, England, ME2 2AE

1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements for the financial year period ended 30 September 2025, have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
The Company Turnover for the financial year ended 30 September 2025, comprises the invoiced value of goods and services supplied by the company to third parties, exclusive of Value Added Tax and trade discounts.
Cost of sales
Cost of Sales for the financial year ended 30 September 2025, included the goods and tools purchased in order to meet third parties statutory requirements. 
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Computer software development costs
Additional development costs of £14,550 computer software and equipments is invested at the start of the financial year begining 01 October 2022 to puchase computer equipments for the new office at 20% and has been established and are amortised on a straight line basis over 10 years.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: : Fixtures & fittings, computer, printer and laptop at the additional cost of £14,550 and 10% Straight Line for over 10 years - reducing Balance.
Fixtures and Fittings 10% /10 years Reducing Balance
Fixtures & fittings, Computer Equipment, Laptop and Printer 10% / 10 Years Reducing Balance
2.

Directors' Emoluments

2025   2024
0    0 
 
Number of directors to whom retirement benefits accrued Number   Number
Defined contribution plans 1    1 
Defined benefit plans 1    1 
At the end of the financial year period ended 30 September 2025, the director of the company did not receive any pay or remunerations because of low revenue.   

3.

Staff Costs

2025
£		   2024
£
Wages and salaries 8,215    10,976 
Other staff costs 500    500 
8,715    11,476 
 
Average number of employees during the year Number   Number
Administration 2    2 
Sales 1    1 
Marketing 4    4 
7    7 
The Staff cost and the director's salary are accounted for in the financial year ended 30 September 2025.

4.

Average number of employees

The average number of employees of the company for the financial year ended 30 September 2025 were seven.
Average number of employees during the year was 7 (2024 : 7).
5.

Financial Commitments, Guarantees and Contingencies

The Director is totally committed professionally and financially to ensuring the company continued to be a big success. 

6.

Tangible fixed assets

Cost or valuation Fixtures and Fittings   Fixtures & fittings, Computer Equipment, Laptop and Printer   Total
  £   £   £
At 01 October 2024 4,000    8,000    12,000 
Additions -    -    - 
Disposals -    -    - 
At 30 September 2025 4,000    8,000    12,000 
Depreciation
At 01 October 2024 -    -    - 
Charge for year 500    1,000    1,500 
On disposals -    -    - 
At 30 September 2025 500    1,000    1,500 
Net book values
Closing balance as at 30 September 2025 3,500    7,000    10,500 
Opening balance as at 01 October 2024 4,000    8,000    12,000 


7.

Share Capital

Authorised
100 Class A shares of £1.00 each
Allotted, called up and fully paid
2025
£		   2024
£
100 Class A shares of £1.00 each 100    100 
100    100 

8.

Advances and Credits



BOUNCE BACK LOAN
A £37,000 - BOUNCE BACK LOAN was taken from the bank in 2021 to grow the business and will be paid back to the bank for over a 10 year period. Repayment terms was renegotiated with the lender as a result of a drop in business activity. At the end of the financial year period 30 September 2025, £10, 712 has been paid back with a balance of £15,576.00 left to pay.

Current year (2025)
Brought Forward
£		Amount
£		Interest
£		Repaid
£		Written Off
£		Waived
£		Carry Forward
£
BOUNCE BACK LOAN15,576 0 0 0 0 0 15,576 
15,576 0 0 0 0 0 15,576 
Previous year (2024)
Brought Forward
£		Amount
£		Interest
£		Repaid
£		Written Off
£		Waived
£		Carry Forward
£
BOUNCE BACK LOAN26,288 0 0 10,712 0 0 15,576 
26,288 0 0 10,712 0 0 15,576 
9.

Director’s loan

Director'sLoan to the Company - INITJAMES LTD

The sole director of INITJAMES LTD has loaned the business a £12000 interest free loan. The loan has no formal terms attached to it but will be regarded as a long-term liability to the company and it will be paid back to the director at no distress to the company - when the business starts making good profits in future years. Because of the big drop in business activity during the financial year ended 30 September 2024 , the director did not pay self from the earnings as declared. 
3