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REGISTERED NUMBER: 06319363 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST JANUARY 2024

FOR

INTELLIGENT DATA COLLECTION LIMITED

INTELLIGENT DATA COLLECTION LIMITED (REGISTERED NUMBER: 06319363)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTELLIGENT DATA COLLECTION LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST JANUARY 2024







DIRECTORS: Mr P O'Neill
Mrs S L O'Neill





SECRETARY: Commercial Secretariat Limited





REGISTERED OFFICE: Unit 2, Cordwallis House
Cordwallis Street
Maidenhead
Berkshire
SL6 7BE





REGISTERED NUMBER: 06319363 (England and Wales)





ACCOUNTANTS: Richardson Jones
Chartered Accountants
Mercury House
19-21 Chapel Street
Marlow
Buckinghamshire
SL7 3HN

INTELLIGENT DATA COLLECTION LIMITED (REGISTERED NUMBER: 06319363)

BALANCE SHEET
31ST JANUARY 2024

31.1.24 31.1.23
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 613,187 312,600

CURRENT ASSETS
Stocks 4,717 8,987
Debtors 5 577,874 1,105,734
Cash at bank and in hand 409,154 385,547
991,745 1,500,268
CREDITORS
Amounts falling due within one year 6 635,335 742,394
NET CURRENT ASSETS 356,410 757,874
TOTAL ASSETS LESS CURRENT
LIABILITIES

969,597

1,070,474

CREDITORS
Amounts falling due after more than one
year

7

(257,868

)

(188,526

)

PROVISIONS FOR LIABILITIES (153,297 ) (59,394 )
NET ASSETS 558,432 822,554

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 557,432 821,554
SHAREHOLDERS' FUNDS 558,432 822,554

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st January 2024 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 5th March 2024 and were signed on its behalf by:



Mr P O'Neill - Director


INTELLIGENT DATA COLLECTION LIMITED (REGISTERED NUMBER: 06319363)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST JANUARY 2024

1. STATUTORY INFORMATION

Intelligent Data Collection 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.

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 represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost includes all direct expenditure.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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

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 49 (2023 - 43 ) .

INTELLIGENT DATA COLLECTION LIMITED (REGISTERED NUMBER: 06319363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor Computer
machinery fittings vehicles equipment Totals
£ £ £ £ £
COST
At 1st February 2023 945,840 44,155 490,983 186,414 1,667,392
Additions 465,006 - 84,667 25,492 575,165
Disposals (36,479 ) - (23,121 ) - (59,600 )
At 31st January 2024 1,374,367 44,155 552,529 211,906 2,182,957
DEPRECIATION
At 1st February 2023 860,078 38,100 294,517 162,097 1,354,792
Charge for year 177,460 3,060 75,982 18,076 274,578
Eliminated on disposal (36,479 ) - (23,121 ) - (59,600 )
At 31st January 2024 1,001,059 41,160 347,378 180,173 1,569,770
NET BOOK VALUE
At 31st January 2024 373,308 2,995 205,151 31,733 613,187
At 31st January 2023 85,762 6,055 196,466 24,317 312,600

Fixed assets, included in the above, which are held under hire purchase contracts and finance leases are as follows:
Plant and Motor Computer
machinery vehicles equipment Totals
£ £ £ £
COST
At 1st February 2023 33,546 357,350 35,889 426,785
Additions 305,750 76,881 - 382,631
Disposals (3,123 ) - - (3,123 )
Transfer to ownership - (187,476 ) - (187,476 )
At 31st January 2024 336,173 246,755 35,889 618,817
DEPRECIATION
At 1st February 2023 16,773 185,791 22,131 224,695
Charge for year 96,111 66,653 7,178 169,942
Eliminated on disposal (3,123 ) - - (3,123 )
Transfer to ownership - (187,476 ) - (187,476 )
At 31st January 2024 109,761 64,968 29,309 204,038
NET BOOK VALUE
At 31st January 2024 226,412 181,787 6,580 414,779
At 31st January 2023 16,773 171,559 13,758 202,090

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Trade debtors 426,964 785,855
Other debtors 870 -
Amounts due from connected companies 107,112 148,400
Corporation tax 1,599 -
Prepayments and accrued income 41,329 171,479
577,874 1,105,734

INTELLIGENT DATA COLLECTION LIMITED (REGISTERED NUMBER: 06319363)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST JANUARY 2024

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans and overdrafts 62,500 62,500
Hire purchase contracts and finance leases 156,887 99,099
Trade creditors 138,646 218,163
Corporation tax - 89,550
Social security and other taxes 183,489 191,659
Other creditors 80,692 79,658
Accrued expenses 13,121 1,765
635,335 742,394

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.1.24 31.1.23
£ £
Bank loans - 1-2 years 15,625 62,500
Bank loans - 2-5 years - 15,625
Hire purchase contracts and finance leases 242,243 110,401
257,868 188,526

8. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£ £
Bank loans 78,125 140,625

Bank loans advanced in relation to plant and machinery purchases are secured on the assets to which they relate.