IRIS Accounts Production v24.3.0.553 06859365 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false £1 'A' Full Voting Ordinary Shares 1.00000 £1 Non-Voting 'B' Ordinary Shares 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh068593652023-03-31068593652024-03-31068593652023-04-012024-03-31068593652022-03-31068593652022-04-012023-03-31068593652023-03-3106859365ns15:EnglandWales2023-04-012024-03-3106859365ns14:PoundSterling2023-04-012024-03-3106859365ns10:Director12023-04-012024-03-3106859365ns10:CompanySecretary12023-04-012024-03-3106859365ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3106859365ns10:SmallEntities2023-04-012024-03-3106859365ns10:AuditExemptWithAccountantsReport2023-04-012024-03-3106859365ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3106859365ns10:FullAccounts2023-04-012024-03-3106859365ns10:OrdinaryShareClass12023-04-012024-03-3106859365ns10:OrdinaryShareClass22023-04-012024-03-3106859365ns10:Director22023-04-012024-03-3106859365ns10:RegisteredOffice2023-04-012024-03-3106859365ns5:RetainedEarningsAccumulatedLosses2023-03-3106859365ns5:RetainedEarningsAccumulatedLosses2022-03-3106859365ns5:RetainedEarningsAccumulatedLosses2023-04-012024-03-3106859365ns5:RetainedEarningsAccumulatedLosses2022-04-012023-03-3106859365ns5:RetainedEarningsAccumulatedLosses2024-03-3106859365ns5:RetainedEarningsAccumulatedLosses2023-03-3106859365ns5:CurrentFinancialInstruments2024-03-3106859365ns5:CurrentFinancialInstruments2023-03-3106859365ns5:Non-currentFinancialInstruments2024-03-3106859365ns5:Non-currentFinancialInstruments2023-03-3106859365ns5:ShareCapital2024-03-3106859365ns5:ShareCapital2023-03-3106859365ns5:ComputerEquipment2023-04-012024-03-3106859365ns5:OwnedAssets2023-04-012024-03-3106859365ns5:OwnedAssets2022-04-012023-03-3106859365ns5:Exceptional2023-04-012024-03-3106859365ns5:Exceptional2022-04-012023-03-3106859365ns10:OrdinaryShareClass12022-04-012023-03-3106859365ns10:OrdinaryShareClass22022-04-012023-03-3106859365ns5:MotorVehicles2023-03-3106859365ns5:ComputerEquipment2023-03-3106859365ns5:MotorVehicles2023-04-012024-03-3106859365ns5:MotorVehicles2024-03-3106859365ns5:ComputerEquipment2024-03-3106859365ns5:MotorVehicles2023-03-3106859365ns5:ComputerEquipment2023-03-3106859365ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3106859365ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3106859365ns5:DeferredTaxation2023-03-3106859365ns5:DeferredTaxation2024-03-3106859365ns10:OrdinaryShareClass12024-03-3106859365ns10:OrdinaryShareClass22024-03-31
REGISTERED NUMBER: 06859365 (England and Wales)















REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

IDCE LTD

IDCE LTD (Registered number: 06859365)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024




Page

Company Information 1

Report of the Directors 2

Statement of Income and Retained Earnings 3

Statement of Financial Position 4

Notes to the Financial Statements 6


IDCE LTD

COMPANY INFORMATION
for the Year Ended 31 MARCH 2024







DIRECTORS: I. G. Drummond
B Drummond



SECRETARY: Mr. I. G. Drummond



REGISTERED OFFICE: The Annexe, Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



REGISTERED NUMBER: 06859365 (England and Wales)



ACCOUNTANTS: Bennett & Co
The Annexe, Minerva House
Bordyke
Tonbridge
Kent
TN9 1NR



BANKERS: Barclays Bank PLC

IDCE LTD (Registered number: 06859365)

REPORT OF THE DIRECTORS
for the Year Ended 31 MARCH 2024

The directors present their report with the financial statements of the company for the year ended 31 March 2024.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of structural consulting engineers.

DIVIDENDS
An interim dividend of £5 per share on the £1 Non-Voting 'B' Ordinary Shares £1 shares was paid on 31 March 2024. The directors recommend that no final dividend be paid on these shares.

No interim dividend was paid on the £1 'A' Full Voting Ordinary Shares £1 shares. The directors recommend that no final dividend be paid on these shares.

The total distribution of dividends for the year ended 31 March 2024 will be £ 1,000 .

DIRECTORS
The directors shown below have held office during the whole of the period from 1 April 2023 to the date of this report.

I. G. Drummond
B Drummond

ON BEHALF OF THE BOARD:





Mr. I. G. Drummond - Secretary


19 November 2024

IDCE LTD (Registered number: 06859365)

STATEMENT OF INCOME AND
RETAINED EARNINGS
for the Year Ended 31 MARCH 2024

31.3.24 31.3.23
Notes £    £   

TURNOVER 94,500 175,856

Administrative expenses 103,167 117,787
OPERATING (LOSS)/PROFIT and
(LOSS)/PROFIT BEFORE TAXATION (8,667 ) 58,069

Tax on (loss)/profit 7 (24,869 ) 3,137
PROFIT FOR THE FINANCIAL YEAR 16,202 54,932

Retained earnings at beginning of year 102,085 62,953

Dividends 8 (1,000 ) (15,800 )

RETAINED EARNINGS AT END OF
YEAR

117,287

102,085

IDCE LTD (Registered number: 06859365)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 9 24,300 29,600

CURRENT ASSETS
Debtors 10 10,825 20,611
Cash at bank and in hand 148,856 122,013
159,681 142,624
CREDITORS
Amounts falling due within one year 11 11,549 18,094
NET CURRENT ASSETS 148,132 124,530
TOTAL ASSETS LESS CURRENT
LIABILITIES

172,432

154,130

CREDITORS
Amounts falling due after more than one
year

12

(50,745

)

(47,645

)

PROVISIONS FOR LIABILITIES 13 (3,000 ) (3,000 )
NET ASSETS 118,687 103,485

CAPITAL AND RESERVES
Called up share capital 14 1,400 1,400
Retained earnings 15 117,287 102,085
SHAREHOLDERS' FUNDS 118,687 103,485

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

IDCE LTD (Registered number: 06859365)

STATEMENT OF FINANCIAL POSITION - continued
31 MARCH 2024


The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 19 November 2024 and were signed on its behalf by:





I. G. Drummond - Director


IDCE LTD (Registered number: 06859365)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MARCH 2024

1. STATUTORY INFORMATION

IDCE LTD 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office & Computer Equipment - 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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
31.3.24 31.3.23
£    £   
Wages and salaries 55,805 58,306
Social security costs 504 -
Other pension costs 3,164 3,154
59,473 61,460

IDCE LTD (Registered number: 06859365)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

3. EMPLOYEES AND DIRECTORS - continued

The average number of employees during the year was as follows:
31.3.24 31.3.23

Office Salaries 2 3

4. DIRECTORS' EMOLUMENTS
31.3.24 31.3.23
£    £   
Directors' remuneration 55,805 45,067

5. OPERATING (LOSS)/PROFIT

The operating loss (2023 - operating profit) is stated after charging:

31.3.24 31.3.23
£    £   
Depreciation - owned assets 6,024 7,895

6. EXCEPTIONAL ITEMS
31.3.24 31.3.23
£    £   
Research & development credit 24,858 -

7. TAXATION

Analysis of the tax (credit)/charge
The tax (credit)/charge on the loss for the year was as follows:
31.3.24 31.3.23
£    £   
Current tax:
UK corporation tax - 3,137
Adjustment in respect of
previous year (11 ) -
Total current tax (11 ) 3,137

Exceptional tax:
Research & development credit (24,858 ) -
Tax on (loss)/profit (24,869 ) 3,137

8. DIVIDENDS
31.3.24 31.3.23
£    £   
£1 'A' Full Voting Ordinary Shares shares of £1 each
Interim - 13,800
£1 Non-Voting 'B' Ordinary Shares shares of £1 each
Interim 1,000 2,000
1,000 15,800

IDCE LTD (Registered number: 06859365)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

9. TANGIBLE FIXED ASSETS
Office &
Motor Computer
vehicles Equipment Totals
£    £    £   
COST
At 1 April 2023 27,995 43,357 71,352
Additions - 724 724
At 31 March 2024 27,995 44,081 72,076
DEPRECIATION
At 1 April 2023 5,995 35,757 41,752
Charge for year 4,400 1,624 6,024
At 31 March 2024 10,395 37,381 47,776
NET BOOK VALUE
At 31 March 2024 17,600 6,700 24,300
At 31 March 2023 22,000 7,600 29,600

10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade Debtors 7,275 16,650
Prepayments 3,550 3,961
10,825 20,611

11. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Corporation Tax - 3,137
PAYE and Social Security 1,037 841
Value Added Tax 7,590 9,372
Accrued Expenses 2,922 4,744
11,549 18,094

12. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Directors Loan Accounts 50,745 47,645

13. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 3,000 3,000

IDCE LTD (Registered number: 06859365)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MARCH 2024

13. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 April 2023 3,000
Balance at 31 March 2024 3,000

14. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
1,200 £1 'A' Full Voting Ordinary
Shares £1 1,200 1,200
200 £1 Non-Voting 'B' Ordinary
Shares £1 200 200
1,400 1,400

15. RESERVES
Retained
earnings
£   

At 1 April 2023 102,085
Profit for the year 16,202
Dividends (1,000 )
At 31 March 2024 117,287