I J M Associates Limited - Limited company - abbreviated - 11.6

I J M Associates Limited - Limited company - abbreviated - 11.6

I.J.M. ASSOCIATES LIMITED - Company Information

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REGISTERED NUMBER: 05404520 (England and Wales)













ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

FOR

I J M ASSOCIATES LIMITED

I J M ASSOCIATES LIMITED (REGISTERED NUMBER: 05404520)






CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3

Chartered Accountants' Report 5

I J M ASSOCIATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2014







DIRECTOR: Dr I J McCafferty





REGISTERED OFFICE: Lodge Farm
Gypsy Lane
Wolverley
Kidderminster
DY11 5XT





REGISTERED NUMBER: 05404520 (England and Wales)





ACCOUNTANTS: Crowfoot Accountants Limited
Lonsdale
High Street
Lutterworth
Leicestershire
LE17 4AD
Page 1
I J M ASSOCIATES LIMITED (REGISTERED NUMBER: 05404520)

ABBREVIATED BALANCE SHEET
31 MARCH 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 2 1,400 2,800
Tangible assets 3 27,995 29,365
29,395 32,165

CURRENT ASSETS
Debtors 40,373 30,152
Cash at bank 127,144 162,372
167,517 192,524
CREDITORS
Amounts falling due within one year 17,674 18,285
NET CURRENT ASSETS 149,843 174,239
TOTAL ASSETS LESS CURRENT
LIABILITIES
179,238
206,404

PROVISIONS FOR LIABILITIES 4,885 3,045
NET ASSETS 174,353 203,359

CAPITAL AND RESERVES
Called up share capital 4 100 100
Profit and loss account 174,253 203,259
SHAREHOLDERS' FUNDS 174,353 203,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the director on 10 December 2014 and were signed by:





Dr I J McCafferty - Director


The notes form part of these abbreviated accounts

Page 2
I J M ASSOCIATES LIMITED (REGISTERED NUMBER: 05404520)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 MARCH 2014

1. ACCOUNTING POLICIES

Accounting convention
The financial statements have been prepared under the historical cost convention and in
accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2005, is being 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.

Equipment - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed
at the balance sheet date.

2. INTANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013
and 31 March 2014 14,000
AMORTISATION
At 1 April 2013 11,200
Amortisation for year 1,400
At 31 March 2014 12,600
NET BOOK VALUE

At 31 March 2014 1,400
At 31 March 2013 2,800

Page 3 continued...
I J M ASSOCIATES LIMITED (REGISTERED NUMBER: 05404520)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 31 MARCH 2014

3. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 April 2013 63,853
Additions 9,636
Disposals (14,371 )
At 31 March 2014 59,118
DEPRECIATION
At 1 April 2013 34,488
Charge for year 4,941
Eliminated on disposal (8,306 )
At 31 March 2014 31,123
NET BOOK VALUE
At 31 March 2014 27,995
At 31 March 2013 29,365

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
I J M ASSOCIATES LIMITED

The following reproduces the text of the report prepared for the director in respect of the
company's annual unaudited financial statements, from which the unaudited abbreviated
accounts (set out on pages two to four) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your
approval the financial statements of I J M Associates Limited for the year ended 31 March 2014 which
comprise the Profit and Loss Account, the Balance Sheet and the related notes from the company's
accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we
are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook.

This report is made solely to the director of I J M Associates Limited in accordance with our terms of
engagement. Our work has been undertaken solely to prepare for your approval the financial statements
of I J M Associates Limited and state those matters that we have agreed to state to the director of I J M
Associates Limited in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To
the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the
company and its director for our work or for this report.

It is your duty to ensure that I J M Associates Limited has kept adequate accounting records and to
prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial
position and profit of I J M Associates Limited. You consider that I J M Associates Limited is exempt from
the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of I J M
Associates Limited. For this reason, we have not verified the accuracy or completeness of the accounting
records or information and explanations you have given to us and we do not, therefore, express any
opinion on the statutory financial statements.






Crowfoot Accountants Limited
Lonsdale
High Street
Lutterworth
Leicestershire
LE17 4AD


10 December 2014

This page does not form part of the abbreviated accounts

Page 5