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REGISTERED NUMBER: 03613839 (England and Wales)





















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED

INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTORS: M J Keen
J R Gayfer
M T Crump
N York
E Mitchell Packington
N Abdelkhaliq Zamora
E J McCormick
S E Watson





REGISTERED OFFICE: Omega Court
362 Cemetery Road
Sheffield
Yorkshire
S11 8FT





REGISTERED NUMBER: 03613839 (England and Wales)





AUDITORS: E R Grove & Co Limited
Chartered Accountants and Statutory Auditors
Grove House
Coombs Wood Court
Steel Park Road
Halesowen
West Midlands
B62 8BF

INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 1,048,249 1,043,749
Investments 6 5,737 5,737
1,053,986 1,049,486

CURRENT ASSETS
Debtors 7 1,408,512 1,462,360
Cash at bank and in hand 245,612 285,602
1,654,124 1,747,962
CREDITORS
Amounts falling due within one year 8 1,575,560 1,444,596
NET CURRENT ASSETS 78,564 303,366
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,132,550

1,352,852

CREDITORS
Amounts falling due after more than one
year

9

(680,872

)

(822,875

)

PROVISIONS FOR LIABILITIES (25,909 ) (22,139 )
NET ASSETS 425,769 507,838

CAPITAL AND RESERVES
Called up share capital 863 863
Capital redemption reserve 12 137 137
Retained earnings 12 424,769 506,838
SHAREHOLDERS' FUNDS 15 425,769 507,838

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2024 and were signed on its behalf by:





S E Watson - Director


INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

International Organisation Development 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.

Preparation of consolidated financial statements
The financial statements contain information about International Organisation Development Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax. In respect of long-term contracts and contracts for on-going services, turnover is recognised by reference to the stage of completion and when a right to consideration exists. Stage of completion is measured with reference to the work completed on the contracts. Work in progress is included within Trade Debtors and Payments in Advance are included in Other Creditors.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2010, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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.
Freehold property - 1% on cost
Long leasehold - 1% on cost
Fixtures and fittings - 25% on reducing balance and 10% on cost
Computer equipment - 25% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 balance sheet date.


INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

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 57 (2023 - 47 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023
and 30 April 2024 23,000
AMORTISATION
At 1 May 2023
and 30 April 2024 23,000
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Freehold Long and Computer
property leasehold fittings equipment Totals
£    £    £    £    £   
COST
At 1 May 2023 607,020 451,157 89,191 71,726 1,219,094
Additions - - 29,112 20,514 49,626
At 30 April 2024 607,020 451,157 118,303 92,240 1,268,720
DEPRECIATION
At 1 May 2023 37,939 65,042 27,445 44,919 175,345
Charge for year 6,070 4,512 22,714 11,830 45,126
At 30 April 2024 44,009 69,554 50,159 56,749 220,471
NET BOOK VALUE
At 30 April 2024 563,011 381,603 68,144 35,491 1,048,249
At 30 April 2023 569,081 386,115 61,746 26,807 1,043,749

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 62,355
DEPRECIATION
At 1 May 2023 6,236
Charge for year 14,029
At 30 April 2024 20,265
NET BOOK VALUE
At 30 April 2024 42,090
At 30 April 2023 56,119

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023
and 30 April 2024 5,737
NET BOOK VALUE
At 30 April 2024 5,737
At 30 April 2023 5,737

INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Consultancy Works Limited
Registered office: United Kingdom
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

IOD PARC Australasia Pty Ltd
Registered office: Australia
Nature of business: Consultancy
%
Class of shares: holding
Ordinary 100.00

IOD PARC Limited
Registered office: Malawi
Nature of business: Dormant
%
Class of shares: holding
Ordinary 99.98

IOD PARC Europe Limited
Registered office: Ireland
Nature of business: Dormant
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,276,493 1,423,935
Amounts owed by group undertakings 83,491 -
Other debtors 48,528 38,425
1,408,512 1,462,360

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 138,617 134,887
Hire purchase contracts (see note 10) 11,224 11,224
Trade creditors 538,352 398,366
Amounts owed to group undertakings 103 12,757
Taxation and social security 196,208 153,439
Other creditors 691,056 733,923
1,575,560 1,444,596

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 651,877 782,656
Hire purchase contracts (see note 10) 28,995 40,219
680,872 822,875

INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2024 2023
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 364,778 385,820

10. LEASING AGREEMENTS

Minimum lease payments fall due as follows:

Hire purchase contracts
2024 2023
£    £   
Gross obligations repayable:
Within one year 14,254 14,254
Between one and five years 36,822 51,076
51,076 65,330

Finance charges repayable:
Within one year 3,030 3,030
Between one and five years 7,827 10,857
10,857 13,887

Net obligations repayable:
Within one year 11,224 11,224
Between one and five years 28,995 40,219
40,219 51,443

Non-cancellable operating leases
2024 2023
£    £   
Within one year 2,410 13,759
Between one and five years - 6,553
2,410 20,312

11. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 790,494 917,543

The bank loan and overdraft are secured by fixed and floating charges over the company's assets.

INTERNATIONAL ORGANISATION DEVELOPMENT
LIMITED (REGISTERED NUMBER: 03613839)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

12. RESERVES
Capital
Retained redemption
earnings reserve Totals
£    £    £   

At 1 May 2023 506,838 137 506,975
Profit for the year 15,851 15,851
Capital contribution to EOT (97,920 ) - (97,920 )
At 30 April 2024 424,769 137 424,906

13. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Mr Jonathan Stafford FCA (Senior Statutory Auditor)
for and on behalf of E R Grove & Co Limited

14. RELATED PARTY DISCLOSURES

On 31 August 2021, the company's employee ownership trust (EOT) acquired shares in the company and holds them in a trust for employees. During the year £97,920 (2023: £85,841) was gifted to the EOT from the company.

15. RECONCILIATION OF MOVEMENTS IN SHAREHOLDERS' FUNDS
2024 2023
£    £   
Profit for the financial year 15,851 273,000
Dividends - (50,000 )
15,851 223,000
Capital contribution to EOT (97,920 ) (85,841 )
Net (reduction)/addition to shareholders' funds (82,069 ) 137,159
Opening shareholders' funds 507,838 370,679
Closing shareholders' funds 425,769 507,838