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REGISTERED NUMBER: 14670318 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 17 FEBRUARY 2023 TO 28 FEBRUARY 2024

FOR

IDAK LTD

IDAK LTD (REGISTERED NUMBER: 14670318)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Period 17 February 2023 to 28 February 2024










Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


IDAK LTD

COMPANY INFORMATION
for the Period 17 February 2023 to 28 February 2024







DIRECTORS: A Chelaru
Mrs I Diggins





REGISTERED OFFICE: 71-75 Shelton Street
Covent Garden
LONDON
WC2H 9JQ





REGISTERED NUMBER: 14670318 (England and Wales)





ACCOUNTANTS: Bernard Rogers & Co
Payton House
Guild Street
Stratford-upon-Avon
Warwickshire
CV37 6RP

IDAK LTD (REGISTERED NUMBER: 14670318)

STATEMENT OF FINANCIAL POSITION
28 February 2024

Notes £    £   
FIXED ASSETS
Tangible assets 4 1,147

CURRENT ASSETS
Debtors 5 11,651
Cash at bank 15,178
26,829
CREDITORS
Amounts falling due within one year 6 27,797
NET CURRENT LIABILITIES (968 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

179

PROVISIONS FOR LIABILITIES 218
NET LIABILITIES (39 )

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (139 )
(39 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2024 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.

IDAK LTD (REGISTERED NUMBER: 14670318)

STATEMENT OF FINANCIAL POSITION - continued
28 February 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3 April 2024 and were signed on its behalf by:





A Chelaru - Director


IDAK LTD (REGISTERED NUMBER: 14670318)

NOTES TO THE FINANCIAL STATEMENTS
for the Period 17 February 2023 to 28 February 2024


1. STATUTORY INFORMATION

IDAK Ltd 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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 period 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 2 .

IDAK LTD (REGISTERED NUMBER: 14670318)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Period 17 February 2023 to 28 February 2024


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,529
At 28 February 2024 1,529
DEPRECIATION
Charge for period 382
At 28 February 2024 382
NET BOOK VALUE
At 28 February 2024 1,147

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade debtors 11,651

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Trade creditors 49
Taxation and social security 21,532
Other creditors 6,216
27,797

7. RELATED PARTY DISCLOSURES

At 28 February 2024 other creditors included loans made to the company by the directors of £4,131. The loans are interest free and have no fixed date for repayment.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is A Chelaru.