Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31false2022-01-01No description of principal activity21truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 06954589 2022-01-01 2022-12-31 06954589 2021-01-01 2021-12-31 06954589 2022-12-31 06954589 2021-12-31 06954589 c:Director1 2022-01-01 2022-12-31 06954589 d:ComputerEquipment 2022-01-01 2022-12-31 06954589 d:ComputerEquipment 2022-12-31 06954589 d:ComputerEquipment 2021-12-31 06954589 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 06954589 d:CurrentFinancialInstruments 2022-12-31 06954589 d:CurrentFinancialInstruments 2021-12-31 06954589 d:Non-currentFinancialInstruments 2022-12-31 06954589 d:Non-currentFinancialInstruments 2021-12-31 06954589 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 06954589 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 06954589 d:Non-currentFinancialInstruments d:AfterOneYear 2022-12-31 06954589 d:Non-currentFinancialInstruments d:AfterOneYear 2021-12-31 06954589 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2022-12-31 06954589 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2021-12-31 06954589 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2022-12-31 06954589 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2021-12-31 06954589 d:ShareCapital 2022-12-31 06954589 d:ShareCapital 2021-12-31 06954589 d:RetainedEarningsAccumulatedLosses 2022-12-31 06954589 d:RetainedEarningsAccumulatedLosses 2021-12-31 06954589 c:FRS102 2022-01-01 2022-12-31 06954589 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 06954589 c:FullAccounts 2022-01-01 2022-12-31 06954589 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 iso4217:GBP xbrli:pure

Registered number: 06954589









IDM DISPENSER UK LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2022

 
IDM DISPENSER UK LIMITED
REGISTERED NUMBER: 06954589

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
Note
£
£

Fixed assets
  

Tangible assets
 4 
232
309

  
232
309

Current assets
  

Stocks
 5 
28,823
43,831

Debtors: amounts falling due within one year
 6 
96,614
56,919

Cash at bank and in hand
  
48,182
27,216

  
173,619
127,966

Creditors: amounts falling due within one year
 7 
(100,040)
(56,420)

Net current assets
  
 
 
73,579
 
 
71,546

Total assets less current liabilities
  
73,811
71,855

Creditors: amounts falling due after more than one year
 8 
(19,853)
(27,451)

  

Net assets
  
53,958
44,404


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
53,956
44,402

  
53,958
44,404


Page 1

 
IDM DISPENSER UK LIMITED
REGISTERED NUMBER: 06954589
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 16 November 2023.




O Landau
Director

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
IDM DISPENSER UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

1.


General information

IDM Dispenser UK Limited is a private company limited by shares and incorporated in England. The registered office is 101 New Cavendish Street, London, W1W 6XH. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Sale of goods

Turnover from the sale of goods is recognised when all of the following conditions are satisfied:
the Company has transferred the significant risks and rewards of ownership to the buyer;
the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Computer equipment
-
25%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 3

 
IDM DISPENSER UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.4

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

 
2.5

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of comprehensive income within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

 
2.6

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.7

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 4

 
IDM DISPENSER UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.8

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2022
1,736



At 31 December 2022

1,736



Depreciation


At 1 January 2022
1,427


Charge for the year on owned assets
77



At 31 December 2022

1,504



Net book value



At 31 December 2022
232



At 31 December 2021
309

Page 5

 
IDM DISPENSER UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

5.


Stocks

2022
2021
£
£

Finished goods and goods for resale
28,823
43,831

28,823
43,831



6.


Debtors

2022
2021
£
£


Trade debtors
96,614
56,919

96,614
56,919



7.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank loans
7,600
7,412

Corporation tax
2,259
370

Other taxation and social security
5,976
3,948

Other creditors
77,838
40,823

Accruals and deferred income
6,367
3,867

100,040
56,420



8.


Creditors: Amounts falling due after more than one year

2022
2021
£
£

Bank loans
19,853
27,451

19,853
27,451


Page 6

 
IDM DISPENSER UK LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2022

9.


Loans


Analysis of the maturity of loans is given below:


2022
2021
£
£

Amounts falling due within one year

Bank loans
7,600
7,412


7,600
7,412

Amounts falling due 1-2 years

Bank loans
7,792
7,600


7,792
7,600

Amounts falling due 2-5 years

Bank loans
12,061
19,851


27,453
34,863



10.


Related party transactions

Included within debtors is a balance of £96,614 (2021:£56,920) due from a related company.

 
Page 7