Company Registration No. 08527971 (England and Wales)
IDL-BG LTD
Unaudited accounts
for the year ended 31 May 2022
IDL-BG LTD
Unaudited accounts
Contents
IDL-BG LTD
Company Information
for the year ended 31 May 2022
Directors
Svetoslava Lazarova
Vladislava Stoitsova
Company Number
08527971 (England and Wales)
Registered Office
2 BLUNDELL CLOSE
ST. MARY CRAY
ORPINGTON
BR5 4FA
UNITED KINGDOM
IDL-BG LTD
Statement of financial position
as at 31 May 2022
Tangible assets
13,153
15,232
Cash at bank and in hand
4,772
22,661
Creditors: amounts falling due within one year
(17,047)
(25,730)
Net current liabilities
(3,542)
(1,454)
Called up share capital
100
100
Profit and loss account
9,511
13,678
Shareholders' funds
9,611
13,778
For the year ending 31 May 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 14 September 2022 and were signed on its behalf by
Svetoslava Lazarova
Director
Company Registration No. 08527971
IDL-BG LTD
Notes to the Accounts
for the year ended 31 May 2022
IDL-BG LTD is a private company, limited by shares, registered in England and Wales, registration number 08527971. The registered office is 2 BLUNDELL CLOSE, ST. MARY CRAY, ORPINGTON, BR5 4FA, UNITED KINGDOM.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Equipment - straight line 18%
Plant and Machinery - straight line 25%
Computer Equipment - straight line 25%
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
The financial statements have been prepared on a going concern basis which is dependent upon the company's directors continuing to provide the necessary financial support to enable the company to continue in operation for the foreseeable future.
IDL-BG LTD
Notes to the Accounts
for the year ended 31 May 2022
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2021
12,964
7,654
20,618
At 31 May 2022
13,321
9,567
22,888
At 1 June 2021
3,628
1,758
5,386
Charge for the year
2,169
2,180
4,349
At 31 May 2022
5,797
3,938
9,735
At 31 May 2022
7,524
5,629
13,153
At 31 May 2021
9,336
5,896
15,232
5
Debtors: amounts falling due within one year
2022
2021
Accrued income and prepayments
83
295
6
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
35
26
Loans from directors
17,012
25,704
7
Average number of employees
During the year the average number of employees was 7 (2021: 6).