Caseware UK (AP4) 2022.0.179 2022.0.179 falseprivate dental servicestrue2022-08-0197trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 05893145 2022-08-01 2023-07-31 05893145 2023-07-31 05893145 2021-08-01 2022-07-31 05893145 2022-07-31 05893145 c:Director1 2022-08-01 2023-07-31 05893145 d:PlantMachinery 2022-08-01 2023-07-31 05893145 d:PlantMachinery 2023-07-31 05893145 d:PlantMachinery 2022-07-31 05893145 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05893145 d:FurnitureFittings 2022-08-01 2023-07-31 05893145 d:FurnitureFittings 2023-07-31 05893145 d:FurnitureFittings 2022-07-31 05893145 d:FurnitureFittings d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05893145 d:ComputerEquipment 2022-08-01 2023-07-31 05893145 d:ComputerEquipment 2023-07-31 05893145 d:ComputerEquipment 2022-07-31 05893145 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05893145 d:OwnedOrFreeholdAssets 2022-08-01 2023-07-31 05893145 d:Goodwill 2023-07-31 05893145 d:Goodwill 2022-07-31 05893145 d:CurrentFinancialInstruments 2023-07-31 05893145 d:CurrentFinancialInstruments 2022-07-31 05893145 d:Non-currentFinancialInstruments 2023-07-31 05893145 d:Non-currentFinancialInstruments 2022-07-31 05893145 d:CurrentFinancialInstruments d:WithinOneYear 2023-07-31 05893145 d:CurrentFinancialInstruments d:WithinOneYear 2022-07-31 05893145 d:Non-currentFinancialInstruments d:AfterOneYear 2023-07-31 05893145 d:Non-currentFinancialInstruments d:AfterOneYear 2022-07-31 05893145 d:ShareCapital 2023-07-31 05893145 d:ShareCapital 2022-07-31 05893145 d:RetainedEarningsAccumulatedLosses 2023-07-31 05893145 d:RetainedEarningsAccumulatedLosses 2022-07-31 05893145 c:FRS102 2022-08-01 2023-07-31 05893145 c:AuditExempt-NoAccountantsReport 2022-08-01 2023-07-31 05893145 c:FullAccounts 2022-08-01 2023-07-31 05893145 c:PrivateLimitedCompanyLtd 2022-08-01 2023-07-31 05893145 2 2022-08-01 2023-07-31 iso4217:GBP xbrli:pure
Registered number: 05893145













IGDP Limited

Financial statements
Information for filing with the registrar

31 July 2023




 
IGDP Limited


Balance sheet
At 31 July 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 5 
46,150
33,136

  
46,150
33,136

Current assets
  

Stocks
  
11,564
14,907

Debtors: amounts falling due within one year
 6 
528,324
440,216

Bank and cash balances
  
180,368
248,108

  
720,256
703,231

Creditors: amounts falling due within one year
 7 
(217,990)
(176,880)

Net current assets
  
 
 
502,266
 
 
526,351

Total assets less current liabilities
  
548,416
559,487

Creditors: amounts falling due after more than one year
 8 
(301,551)
(397,902)

Provisions for liabilities
  

Deferred tax
  
(11,274)
(8,007)

  
 
 
(11,274)
 
 
(8,007)

Net assets
  
235,591
153,578


Capital and reserves
  

Called up share capital 
  
102
102

Profit and loss account
  
235,489
153,476

Shareholders' funds
  
235,591
153,578


1

 
IGDP Limited

    
Balance sheet (continued)
At 31 July 2023

The director considers 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 director acknowledges his 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 12 April 2024.




S J Jansen van Vuuren
Director

Registered number: 05893145
The notes on pages 3 to 8 form part of these financial statements. 

2

 
IGDP Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

1.


General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 66 Upper Street, Islington Green, London, N1 0NY.

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

Revenue

The turnover shown in the profit and loss account represents income receivable during the period.

 
2.3

Operating leases: the company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

Benefits received and receivable as an incentive to sign an operating lease are recognised on a straight-line basis over the lease term, unless another systematic basis is representative of the time pattern of the lessee's benefit from the use of the leased asset.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

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.

 
2.6

Borrowing costs

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

3

 
IGDP Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. 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 balance sheet date in the countries where the company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

 
2.8

Intangible assets

Intangible assets are initially recognised at cost. After recognition, under the cost model, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

All intangible assets are considered to have a finite useful life. If a reliable estimate of the useful life cannot be made, the useful life shall not exceed ten years.

 
2.9

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.

4

 
IGDP Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)


2.9
Tangible fixed assets (continued)

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:

Plant and machinery
-
25%
reducing balance
Fixtures and fittings
-
15%
reducing balance
Computer equipment
-
20%
reducing balance

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.

 
2.10

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 balance sheet 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.

 
2.11

Provisions for liabilities

Provisions are made where an event has taken place that gives the company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the balance sheet.

 
2.12

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at present value of the future cash flows and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, like the payment of a trade debt deferred beyond normal business terms or in case of an out-right short-term loan that is not at market rate, the financial asset or liability is measured, initially
5

 
IGDP Limited
 

 
Notes to the financial statements
Year ended 31 July 2023

2.Accounting policies (continued)


2.12
Financial instruments (continued)

at the present value of future cash flows discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost, unless it qualifies as a loan from a director in the case of a small company, or a public benefit entity concessionary loan.

 
2.13

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2022 - 7).


4.


Intangible assets




Goodwill

£



Cost


At 1 August 2022
295,500



At 31 July 2023

295,500



Amortisation


At 1 August 2022
295,500



At 31 July 2023

295,500



Net book value



At 31 July 2023
-



At 31 July 2022
-



6

 
IGDP Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

5.


Tangible fixed assets





Plant and machinery
Fixtures and fittings
Computer equipment
Total

£
£
£
£



Cost or valuation


At 1 August 2022
295,487
9,543
3,478
308,508


Additions
19,914
-
5,653
25,567



At 31 July 2023

315,401
9,543
9,131
334,075



Depreciation


At 1 August 2022
272,998
1,564
811
275,373


Charge for the year
10,260
1,197
1,095
12,552



At 31 July 2023

283,258
2,761
1,906
287,925



Net book value



At 31 July 2023
32,143
6,782
7,225
46,150



At 31 July 2022
22,490
7,979
2,667
33,136


6.


Debtors

2023
2022
£
£


Other debtors
523,724
438,424

Prepayments and accrued income
4,600
1,792

528,324
440,216


7

 
IGDP Limited
 
 

Notes to the financial statements
Year ended 31 July 2023

7.


Creditors: amounts falling due within one year

2023
2022
£
£

Bank loans
58,414
13,285

Trade creditors
25,758
30,080

Corporation tax
63,620
66,271

Other taxation and social security
13,517
4,300

Obligations under finance lease and hire purchase contracts
6,638
-

Other creditors
1,320
616

Accruals and deferred income
48,723
62,328

217,990
176,880



8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
294,360
397,902

Net obligations under finance leases and hire purchase contracts
7,191
-

301,551
397,902


 
8