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REGISTERED NUMBER: 07257391 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

IDC Rail Projects Limited

IDC Rail Projects Limited (Registered number: 07257391)






Contents of the Financial Statements
for the Year Ended 31 May 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDC Rail Projects Limited

Company Information
for the Year Ended 31 May 2023







DIRECTOR: I D Collinson





SECRETARY: Mrs J C Collinson





REGISTERED OFFICE: 9 Haxey Lane
Haxey
Doncaster
DN9 2ND





REGISTERED NUMBER: 07257391 (England and Wales)





ACCOUNTANTS: ASAP Accountants & Business Advisors Ltd
Room 206, Mercury House
Willoughton Drive
Foxby Lane Business Park
Gainsborough
Lincolnshire
DN21 1DY

IDC Rail Projects Limited (Registered number: 07257391)

Balance Sheet
31 May 2023

31.5.23 31.5.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,744 2,655

CURRENT ASSETS
Debtors 5 8,526 4,586
Cash at bank 8,394 22,235
16,920 26,821
CREDITORS
Amounts falling due within one year 6 19,086 22,809
NET CURRENT (LIABILITIES)/ASSETS (2,166 ) 4,012
TOTAL ASSETS LESS CURRENT
LIABILITIES

(422

)

6,667

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (522 ) 6,567
SHAREHOLDERS' FUNDS (422 ) 6,667

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 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.

IDC Rail Projects Limited (Registered number: 07257391)

Balance Sheet - continued
31 May 2023


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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 17 October 2023 and were signed by:





I D Collinson - Director


IDC Rail Projects Limited (Registered number: 07257391)

Notes to the Financial Statements
for the Year Ended 31 May 2023

1. STATUTORY INFORMATION

IDC Rail Projects Limited 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Equipment - 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 balance sheet date.

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

IDC Rail Projects Limited (Registered number: 07257391)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Equipment
£   
COST
At 1 June 2022 11,147
Additions 475
Disposals (8,066 )
At 31 May 2023 3,556
DEPRECIATION
At 1 June 2022 8,492
Charge for year 511
Eliminated on disposal (7,191 )
At 31 May 2023 1,812
NET BOOK VALUE
At 31 May 2023 1,744
At 31 May 2022 2,655

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Other debtors 8,526 4,586

IDC Rail Projects Limited (Registered number: 07257391)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
31.5.23 31.5.22
£    £   
Trade creditors - 239
Tax 10,746 13,703
VAT 6,854 7,316
Directors' current accounts - 543
Accruals and deferred income 1,486 1,008
19,086 22,809