Company Registration No. 11787908 (England and Wales)
IDIAS PRIVATE LTD
Unaudited accounts
for the year ended 31 January 2024
IDIAS PRIVATE LTD
Unaudited accounts
Contents
IDIAS PRIVATE LTD
Company Information
for the year ended 31 January 2024
Directors
Dr Subasinha Nissanka Padmal Surinda Dias
Dr Vijayalakshmi Mani
Company Number
11787908 (England and Wales)
Registered Office
104 Woolram Wagate
Spalding
Lincolnshire
PE11 1PE
Accountants
NJ Accountants Ltd
CIMA Member In Practice, FCMA, CGMA
53 Edgefield Avenue
Barking
Essex
IG11 9JL
IDIAS PRIVATE LTD
Statement of financial position
as at 31 January 2024
Tangible assets
799,996
173,592
Cash at bank and in hand
17,122
34,090
Creditors: amounts falling due within one year
(785,478)
(177,207)
Net current liabilities
(768,356)
(143,117)
Called up share capital
100
100
Profit and loss account
31,540
30,375
Shareholders' funds
31,640
30,475
For the year ending 31 January 2024 the company was entitled to exemption from audit 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.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by
Dr Subasinha Nissanka Padmal Surinda Dias
Director
Company Registration No. 11787908
IDIAS PRIVATE LTD
Notes to the Accounts
for the year ended 31 January 2024
IDIAS PRIVATE LTD is a private company, limited by shares, registered in England and Wales, registration number 11787908. The registered office is 104 Woolram Wagate, Spalding, Lincolnshire, PE11 1PE.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
Straight-line at 2%
4
Tangible fixed assets
Land & buildings
Motor vehicles
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 February 2023
173,174
-
652
173,826
Additions
575,000
62,831
-
637,831
At 31 January 2024
748,174
62,831
652
811,657
At 1 February 2023
-
-
234
234
Charge for the year
-
11,310
117
11,427
At 31 January 2024
-
11,310
351
11,661
At 31 January 2024
748,174
51,521
301
799,996
At 31 January 2023
173,174
-
418
173,592
5
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
770
402
Loans from directors
784,108
176,205
IDIAS PRIVATE LTD
Notes to the Accounts
for the year ended 31 January 2024
6
Average number of employees
During the year the average number of employees was 5 (2023: 5).