Company Registration No. 11973568 (England and Wales)
IDSC Limited
Unaudited accounts
for the year ended 31 May 2024
IDSC Limited
Unaudited accounts
Contents
IDSC Limited
Company Information
for the year ended 31 May 2024
Directors
I Schnitzer
D M Schnitzer
Company Number
11973568 (England and Wales)
Registered Office
117 Princes Park Avenue
London
NW11 0JS
Accountants
Clearfin Accountants Limited
Churchill House
137-139 Brent Street
London
NW4 4DJ
IDSC Limited
Statement of financial position
as at 31 May 2024
Cash at bank and in hand
37,734
31,568
Creditors: amounts falling due within one year
(64,280)
(52,957)
Net current assets
3,396
671
Called up share capital
200
200
Profit and loss account
4,252
912
Shareholders' funds
4,452
1,112
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 30 January 2025 and were signed on its behalf by
I Schnitzer
Director
Company Registration No. 11973568
IDSC Limited
Notes to the Accounts
for the year ended 31 May 2024
IDSC Limited is a private company, limited by shares, registered in England and Wales, registration number 11973568. The registered office is 117 Princes Park Avenue, London, NW11 0JS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% reducing balance
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
IDSC Limited
Notes to the Accounts
for the year ended 31 May 2024
4
Tangible fixed assets
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 June 2023
123
883
1,006
At 31 May 2024
123
1,766
1,889
Charge for the year
13
255
268
At 31 May 2024
39
1,017
1,056
Amounts falling due within one year
Trade debtors
24,775
18,960
Accrued income and prepayments
5,167
3,100
6
Creditors: amounts falling due within one year
2024
2023
Taxes and social security
3,699
3,010
Loans from directors
55,436
45,432
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).