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REGISTERED NUMBER: 05543236 (England and Wales)











Financial Statements

for the Year Ended 31 December 2023

for

IDCC SERVICES LIMITED

IDCC SERVICES LIMITED (REGISTERED NUMBER: 05543236)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IDCC SERVICES LIMITED

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr C Insley
Mrs L Insley





SECRETARY: Mrs L Insley





REGISTERED OFFICE: 42 Lytton Road
Barnet
Hertfordshire
EN5 5BY





REGISTERED NUMBER: 05543236 (England and Wales)





ACCOUNTANTS: Jeff Lermer & Associates
Chartered Accountants
42 Lytton Road
Barnet
Hertfordshire
EN5 5BY

IDCC SERVICES LIMITED (REGISTERED NUMBER: 05543236)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 107,204 124,254

CURRENT ASSETS
Debtors 5 910,403 823,025
Cash at bank 29,053 21,082
939,456 844,107
CREDITORS
Amounts falling due within one year 6 653,728 577,354
NET CURRENT ASSETS 285,728 266,753
TOTAL ASSETS LESS CURRENT
LIABILITIES

392,932

391,007

PROVISIONS FOR LIABILITIES 27,005 27,005
NET ASSETS 365,927 364,002

CAPITAL AND RESERVES
Called up share capital 7 100,120 100,120
Retained earnings 265,807 263,882
SHAREHOLDERS' FUNDS 365,927 364,002

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 19 April 2024 and were signed on its behalf by:





Mr C Insley - Director


IDCC SERVICES LIMITED (REGISTERED NUMBER: 05543236)

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

1. STATUTORY INFORMATION

IDCC Services 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 - 33% on cost and 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.

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 15 (2022 - 19 ) .

IDCC SERVICES LIMITED (REGISTERED NUMBER: 05543236)

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

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023 129,751 104,258 234,009
Additions - 2,442 2,442
At 31 December 2023 129,751 106,700 236,451
DEPRECIATION
At 1 January 2023 24,327 85,428 109,755
Charge for year 13,178 6,314 19,492
At 31 December 2023 37,505 91,742 129,247
NET BOOK VALUE
At 31 December 2023 92,246 14,958 107,204
At 31 December 2022 105,424 18,830 124,254

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 307,095 187,040
Other debtors 603,308 635,985
910,403 823,025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 443,524 182,494
Taxation and social security 62,785 51,553
Other creditors 147,419 343,307
653,728 577,354

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
49 A Ordinary £1 49 49
50 B Ordinary £1 50 50
5 C1 Ordinary £1 5 5
5 C2 Ordinary £1 5 5
5 C3 Ordinary £1 5 5
5 C4 Ordinary £1 5 5
1 D Ordinary £1 1 1
100,000 E Redeemable £1 100,000 100,000
100,120 100,120

IDCC SERVICES LIMITED (REGISTERED NUMBER: 05543236)

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

8. RELATED PARTY DISCLOSURES

The company owed the director £104,079 (2022: £143,862). The amount is interest free and repayable on demand.

At the balance sheet date, the company was owed £274,449 (2022: £330,960) by IDCC Properties Ltd. They are related parties by virtue of the fact that they are under common control.