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REGISTERED NUMBER: 06374706 (England and Wales)















Unaudited Financial Statements For The Year Ended 30th March 2023

for

Intelligent Digital Solutions Limited

Intelligent Digital Solutions Limited (Registered number: 06374706)






Contents of the Financial Statements
For The Year Ended 30th March 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Intelligent Digital Solutions Limited

Company Information
For The Year Ended 30th March 2023







DIRECTORS: Mr G Kyriacou
Mr T Kyriacou





REGISTERED OFFICE: Southgate Office Village Block F
Ground Floor
288 Chase Road
London
N14 6HF





REGISTERED NUMBER: 06374706 (England and Wales)





ACCOUNTANTS: GKA Chartered Certified Accountants
30 Lovering Road
Cheshunt
EN7 6WU

Intelligent Digital Solutions Limited (Registered number: 06374706)

Balance Sheet
30th March 2023

30.3.23 30.3.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 15,944 5,588
15,944 5,588

CURRENT ASSETS
Stocks 39,000 30,000
Debtors 6 554,783 406,080
Cash at bank 107,453 154,355
701,236 590,435
CREDITORS
Amounts falling due within one year 7 375,258 331,474
NET CURRENT ASSETS 325,978 258,961
TOTAL ASSETS LESS CURRENT
LIABILITIES

341,922

264,549

CREDITORS
Amounts falling due after more than
one year

8

21,740

32,094
NET ASSETS 320,182 232,455

Intelligent Digital Solutions Limited (Registered number: 06374706)

Balance Sheet - continued
30th March 2023

30.3.23 30.3.22
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 320,180 232,453
320,182 232,455

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th March 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 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 Board of Directors and authorised for issue on 26th November 2023 and were signed on its behalf by:




Mr G Kyriacou - Director



Mr T Kyriacou - Director


Intelligent Digital Solutions Limited (Registered number: 06374706)

Notes to the Financial Statements
For The Year Ended 30th March 2023

1. STATUTORY INFORMATION

Intelligent Digital Solutions 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on reducing balance and 25% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Financial instruments
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted as a market rate of interest. Financial liabilities classified as payable within one year are not amortised.


Intelligent Digital Solutions Limited (Registered number: 06374706)

Notes to the Financial Statements - continued
For The Year Ended 30th March 2023

2. ACCOUNTING POLICIES - continued
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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 10 (2022 - 6 ) .

Intelligent Digital Solutions Limited (Registered number: 06374706)

Notes to the Financial Statements - continued
For The Year Ended 30th March 2023

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 31st March 2022
and 30th March 2023 22,500
AMORTISATION
At 31st March 2022
and 30th March 2023 22,500
NET BOOK VALUE
At 30th March 2023 -
At 30th March 2022 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 31st March 2022 12,496
Additions 24,568
Disposals (8,596 )
At 30th March 2023 28,468
DEPRECIATION
At 31st March 2022 6,908
Charge for year 5,616
At 30th March 2023 12,524
NET BOOK VALUE
At 30th March 2023 15,944
At 30th March 2022 5,588

Intelligent Digital Solutions Limited (Registered number: 06374706)

Notes to the Financial Statements - continued
For The Year Ended 30th March 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.3.23 30.3.22
£    £   
Trade debtors 317,910 387,892
Other debtors 236,873 18,188
554,783 406,080

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
30.3.23 30.3.22
£    £   
Bank loans and overdrafts 10,814 10,071
Trade creditors 144,058 154,013
Taxation and social security 92,906 48,814
Other creditors 127,480 118,576
375,258 331,474

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE
THAN ONE YEAR
30.3.23 30.3.22
£    £   
Bank loans 21,740 32,094

9. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.3.23 30.3.22
£    £   
Within one year 18,731 18,731