I D M SAFETY TRAINING SERVICES LIMITED

Company Registration Number:
07974265 (England and Wales)

Unaudited abridged accounts for the year ended 31 March 2024

Period of accounts

Start date: 01 April 2023

End date: 31 March 2024

I D M SAFETY TRAINING SERVICES LIMITED

Contents of the Financial Statements

for the Period Ended 31 March 2024

Balance sheet
Notes

I D M SAFETY TRAINING SERVICES LIMITED

Balance sheet

As at 31 March 2024


Notes

2024

2023


£

£
Called up share capital not paid: 0 0
Fixed assets
Intangible assets: 3 12,000 13,500
Tangible assets: 4 2,364 3,290
Investments:   0 0
Total fixed assets: 14,364 16,790
Current assets
Stocks: 0 0
Debtors:   27,083 34,941
Cash at bank and in hand: 12,354 1,791
Investments:   0 0
Total current assets: 39,437 36,732
Creditors: amounts falling due within one year:   (17,495) (14,082)
Net current assets (liabilities): 21,942 22,650
Total assets less current liabilities: 36,306 39,440
Creditors: amounts falling due after more than one year: 5 (2,185) (3,685)
Provision for liabilities: (449) (625)
Total net assets (liabilities): 33,672 35,130
Capital and reserves
Called up share capital: 200 200
Share premium account: 33,066 33,066
Revaluation reserve: 00
Other reserves: 0 0
Profit and loss account: 406 1,864
Shareholders funds: 33,672 35,130

The notes form part of these financial statements

I D M SAFETY TRAINING SERVICES LIMITED

Balance sheet statements

For the year ending 31 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 15 July 2024
and signed on behalf of the board by:

Name: Iain Dewar Michie
Status: Director

The notes form part of these financial statements

I D M SAFETY TRAINING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Turnover consists of the invoiced value (excluding VAT) receivable by the company in the ordinary course of business for goods supplied and for services supplied as a principal. The figure is adjusted to include sundry eventualities such as under or over payments, or recording anomalies.

Tangible fixed assets and depreciation policy

Depreciation is calculated to write off the cost, less the estimated residual values, of tangible fixed assets over their estimated useful lives to the business. Where there is evidence of impairment, fixed assets are written down to the receivable amount. Any such write down is charged to operating profit. Plant & machinery - 25% reducing balance basis

Intangible fixed assets and amortisation policy

Intangible fixed assets (including purchased goodwill) are amortised at rates calculated to write off the assets on a straight line basis over their estimated economic lives. Impairment of intangible fixed assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.

Other accounting policies

Deferred taxation Deferred tax arises as a result of including items of income and expenditure in taxation computations, in periods different from those in which they feature in the accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates expected to apply when the timing differences reverse, based upon current tax rates and laws. Going concern basis The accounts have been prepared on the assumption that the company is able to carry on business as a going concern.

I D M SAFETY TRAINING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

2. Employees

2024 2023
Average number of employees during the period 1 1

I D M SAFETY TRAINING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

3. Intangible Assets

Total
Cost £
At 01 April 2023 30,000
Additions 0
Disposals 0
Revaluations 0
Transfers 0
At 31 March 2024 30,000
Amortisation
At 01 April 2023 16,500
Charge for year 1,500
On disposals 0
Other adjustments 0
At 31 March 2024 18,000
Net book value
At 31 March 2024 12,000
At 31 March 2023 13,500

I D M SAFETY TRAINING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

4. Tangible Assets

Total
Cost £
At 01 April 2023 11,303
Additions 0
Disposals (184)
Revaluations 0
Transfers 0
At 31 March 2024 11,119
Depreciation
At 01 April 2023 8,013
Charge for year 788
On disposals (46)
Other adjustments 0
At 31 March 2024 8,755
Net book value
At 31 March 2024 2,364
At 31 March 2023 3,290

I D M SAFETY TRAINING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

5. Creditors: amounts falling due after more than one year note

Creditors due between one and five years: 2024 - £2185 2023 - £3685

I D M SAFETY TRAINING SERVICES LIMITED

Notes to the Financial Statements

for the Period Ended 31 March 2024

6. Loans to directors

Name of director receiving advance or credit: I D Michie
Description of the loan: Directors current account balance
£
Balance at 01 April 2023 27,200
Advances or credits made: 25,509
Advances or credits repaid: 42,577
Balance at 31 March 2024 10,132

The Company, in common with most small owner managed entities, from time to time defrays sums to, for, or on behalf of the director and the director likewise defrays sums to, for, or on behalf of the company. Such transactions are recorded in the director's current account and the balance at the accounting date is treated as a loan either to or from the director.