Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.truetrue2023-01-01falseNo description of principal activity11false 11096320 2023-01-01 2023-12-31 11096320 2022-01-01 2022-12-31 11096320 2023-12-31 11096320 2022-12-31 11096320 c:Director1 2023-01-01 2023-12-31 11096320 d:CurrentFinancialInstruments 2023-12-31 11096320 d:CurrentFinancialInstruments 2022-12-31 11096320 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 11096320 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 11096320 d:ShareCapital 2023-12-31 11096320 d:ShareCapital 2022-12-31 11096320 d:RetainedEarningsAccumulatedLosses 2023-12-31 11096320 d:RetainedEarningsAccumulatedLosses 2022-12-31 11096320 c:FRS102 2023-01-01 2023-12-31 11096320 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 11096320 c:FullAccounts 2023-01-01 2023-12-31 11096320 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 11096320 2 2023-01-01 2023-12-31 11096320 e:PoundSterling 2023-01-01 2023-12-31 iso4217:GBP xbrli:pure

Registered number: 11096320










IDA TECHNOLOGY LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
IDA TECHNOLOGY LIMITED
REGISTERED NUMBER:11096320

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
111,975
112,373

Cash at bank and in hand
 5 
439
732

  
112,414
113,105

Creditors: amounts falling due within one year
 6 
(2,494)
(4,768)

Net current assets
  
 
 
109,920
 
 
108,337

Total assets less current liabilities
  
109,920
108,337

  

Net assets
  
109,920
108,337


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
109,820
108,237

  
109,920
108,337


Page 1

 
IDA TECHNOLOGY LIMITED
REGISTERED NUMBER:11096320
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2023

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

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 income statement 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: 




................................................
Franco Fratton
Director

Date: 27 December 2024

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

Page 2

 
IDA TECHNOLOGY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1.


General information

IDA Technology Limited is a private company limited by shares and incorporated in England and Wales, registration number 11096320. The registered office is 1st Floor, Prospect House, Rouen Road, Norwich, Norfolk, United Kingdom, NR1 1RE.

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 Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover 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 turnover is recognised:

Rendering of services

Turnover 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 turnover 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

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
IDA TECHNOLOGY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.


 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 4

 
IDA TECHNOLOGY LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

3.


Employees




The average monthly number of employees, including the director, during the year was as follows:


        2023
        2022
            No.
            No.







Avg no. of employees
1
1


4.


Debtors

2023
2022
£
£


Trade debtors
110,559
110,539

Other debtors
1,071
1,383

Tax recoverable
345
451

111,975
112,373



5.


Cash and cash equivalents

2023
2022
£
£

Cash at bank and in hand
439
732

439
732



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Corporation tax
777
3,146

Accruals and deferred income
1,717
1,622

2,494
4,768



7.


Transactions with directors

At the year end the director owed the company £1,071 (2022: £1,383) which is interest free and repayable on demand.
 
Page 5