Caseware UK (AP4) 2023.0.135 2023.0.135 2023-11-302023-11-30falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.2023-01-014No description of principal activityfalse4truetrue 07101940 2023-01-01 2023-11-30 07101940 2022-01-01 2022-12-31 07101940 2023-11-30 07101940 2022-12-31 07101940 c:Director1 2023-01-01 2023-11-30 07101940 d:CurrentFinancialInstruments 2023-11-30 07101940 d:CurrentFinancialInstruments 2022-12-31 07101940 d:CurrentFinancialInstruments d:WithinOneYear 2023-11-30 07101940 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 07101940 d:ShareCapital 2023-11-30 07101940 d:ShareCapital 2022-12-31 07101940 d:RetainedEarningsAccumulatedLosses 2023-11-30 07101940 d:RetainedEarningsAccumulatedLosses 2022-12-31 07101940 c:FRS102 2023-01-01 2023-11-30 07101940 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-11-30 07101940 c:FullAccounts 2023-01-01 2023-11-30 07101940 c:PrivateLimitedCompanyLtd 2023-01-01 2023-11-30 07101940 e:PoundSterling 2023-01-01 2023-11-30 iso4217:GBP xbrli:pure

Registered number: 07101940









IN DEMAND ASSOCIATES LTD







UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 NOVEMBER 2023

 
IN DEMAND ASSOCIATES LTD
REGISTERED NUMBER: 07101940

STATEMENT OF FINANCIAL POSITION
AS AT 30 NOVEMBER 2023

30 November
31 December
2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
28,478
9,350

Cash at bank and in hand
  
36,443
105,562

  
64,921
114,912

Creditors: amounts falling due within one year
 5 
(168,565)
(285,140)

Net current liabilities
  
 
 
(103,644)
 
 
(170,228)

Total assets less current liabilities
  
(103,644)
(170,228)

  

Net liabilities
  
(103,644)
(170,228)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(103,645)
(170,229)

  
(103,644)
(170,228)


Page 1

 
IN DEMAND ASSOCIATES LTD
REGISTERED NUMBER: 07101940
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 NOVEMBER 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges her 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 by: 




L Rich
Director

Date: 23 August 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
IN DEMAND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

1.


General information

In Demand Associates Ltd is a private company limited by shares and incorporated in England & Wales. Its registered office is 101 New Cavendish Street, 1st Floor South, London, United Kingdom W1W 6XH and its principal place of business is Blackburn House, 22-26 Eastern Rd, Romford, RM1 3PJ. 
The financial statements are presented in Sterling, which is the functional currency of the Company.

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 FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the company to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the company. Given that the company is in a net deficit position the director consider it appropriate to prepare the financial statements on a going concern basis as the director has confirmed that they will continue to support the company for at least a period of 12 months after the balance sheet date. 

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue 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 revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.4

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 3

 
IN DEMAND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

2.Accounting policies (continued)

 
2.5

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.


3.


Employees

The average monthly number of employees, including directors, during the period was 4 (2022 - 4).


4.


Debtors

30 November
31 December
2023
2022
£
£


Other debtors
27,413
9,502

Prepayments and accrued income
1,065
(152)

28,478
9,350



5.


Creditors: Amounts falling due within one year

30 November
31 December
2023
2022
£
£

Trade creditors
-
1,521

Other taxation and social security
2,316
3,006

Other creditors
151,549
265,913

Accruals and deferred income
14,700
14,700

168,565
285,140


Page 4

 
IN DEMAND ASSOCIATES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 NOVEMBER 2023

6.


Controlling party

The ultimate parent company is In Demand Opportunities Group Limited, a company incorporated in England & Wales. The ultimate controlling interest is held by Justin Rich. 

 
Page 5