Caseware UK (AP4) 2023.0.135 2023.0.135 2024-01-312024-01-31false2023-02-01No description of principal activity11truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07914658 2023-02-01 2024-01-31 07914658 2022-02-01 2023-01-31 07914658 2024-01-31 07914658 2023-01-31 07914658 c:Director1 2023-02-01 2024-01-31 07914658 d:PlantMachinery 2023-02-01 2024-01-31 07914658 d:PlantMachinery 2024-01-31 07914658 d:PlantMachinery 2023-01-31 07914658 d:ComputerEquipment 2023-02-01 2024-01-31 07914658 d:ComputerEquipment 2024-01-31 07914658 d:ComputerEquipment 2023-01-31 07914658 d:CurrentFinancialInstruments 2024-01-31 07914658 d:CurrentFinancialInstruments 2023-01-31 07914658 d:Non-currentFinancialInstruments 2024-01-31 07914658 d:Non-currentFinancialInstruments 2023-01-31 07914658 d:CurrentFinancialInstruments d:WithinOneYear 2024-01-31 07914658 d:CurrentFinancialInstruments d:WithinOneYear 2023-01-31 07914658 d:Non-currentFinancialInstruments d:AfterOneYear 2024-01-31 07914658 d:Non-currentFinancialInstruments d:AfterOneYear 2023-01-31 07914658 d:ShareCapital 2024-01-31 07914658 d:ShareCapital 2023-01-31 07914658 d:RetainedEarningsAccumulatedLosses 2024-01-31 07914658 d:RetainedEarningsAccumulatedLosses 2023-01-31 07914658 c:FRS102 2023-02-01 2024-01-31 07914658 c:AuditExempt-NoAccountantsReport 2023-02-01 2024-01-31 07914658 c:FullAccounts 2023-02-01 2024-01-31 07914658 c:PrivateLimitedCompanyLtd 2023-02-01 2024-01-31 07914658 d:WithinOneYear 2024-01-31 07914658 d:WithinOneYear 2023-01-31 07914658 d:BetweenOneFiveYears 2024-01-31 07914658 d:BetweenOneFiveYears 2023-01-31 07914658 e:PoundSterling 2023-02-01 2024-01-31 iso4217:GBP xbrli:pure
Company registration number: 07914658







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 JANUARY 2024


IEMD LIMITED






































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IEMD LIMITED
REGISTERED NUMBER:07914658



STATEMENT OF FINANCIAL POSITION
AS AT 31 JANUARY 2024

2024
2023
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 5 
3,898
-

Cash at bank and in hand
  
22,352
32,605

  
26,250
32,605

Creditors: amounts falling due within one year
 6 
(17,633)
(22,582)

Net current assets
  
 
 
8,617
 
 
10,023

Total assets less current liabilities
  
8,617
10,023

Creditors: amounts falling due after more than one year
  
(8,195)
(9,318)

  

Net assets
  
422
705


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
421
704

  
422
705


Page 1

 


IEMD LIMITED
REGISTERED NUMBER:07914658


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 JANUARY 2024

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 year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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 income and retained earnings 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: 




................................................
J S P Rivers
Director

Date: 29 October 2024

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

Page 2

 


IEMD LIMITED
 


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

1.


General information

IEMD 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

 
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

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.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 


IEMD LIMITED
 


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

2.Accounting policies (continued)


2.3
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Plant and machinery
-
25%
Computer equipment
-
33%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Financial instruments

Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.


3.


Employees

The average monthly number of employees, including directors, during the year was 1 (2023 - 1).


4.


Tangible fixed assets





Plant and machinery
Computer equipment
Total

£
£
£



Cost or valuation


At 1 February 2023
10,125
1,080
11,205



At 31 January 2024

10,125
1,080
11,205



Depreciation


At 1 February 2023
10,125
1,080
11,205



At 31 January 2024

10,125
1,080
11,205



Net book value



At 31 January 2024
-
-
-



At 31 January 2023
-
-
-

Page 4

 


IEMD LIMITED
 


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

5.


Debtors

2024
2023
£
£


Other debtors
3,898
-

3,898
-



6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank loans
1,236
1,347

Corporation tax
15,061
10,297

Other creditors
736
10,338

Accruals and deferred income
600
600

17,633
22,582



7.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
8,195
9,318

8,195
9,318



8.


Commitments under operating leases

At 31 January 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2024
2023
£
£


Not later than 1 year
9,273
-

Later than 1 year and not later than 5 years
33,434
-

42,707
-

 
Page 5