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Company Registration No. 11973568 (England and Wales)
IDSC Limited Unaudited accounts for the year ended 31 May 2024
IDSC Limited Unaudited accounts Contents
Page
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IDSC Limited Company Information for the year ended 31 May 2024
Directors
I Schnitzer D M Schnitzer
Secretary
I 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
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IDSC Limited Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,056 
441 
Current assets
Debtors
29,942 
22,060 
Cash at bank and in hand
37,734 
31,568 
67,676 
53,628 
Creditors: amounts falling due within one year
(64,280)
(52,957)
Net current assets
3,396 
671 
Net assets
4,452 
1,112 
Capital and reserves
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
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IDSC Limited Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
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
Pension costs
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.
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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 
Additions
- 
883 
883 
At 31 May 2024
123 
1,766 
1,889 
Depreciation
At 1 June 2023
71 
494 
565 
Charge for the year
13 
255 
268 
At 31 May 2024
84 
749 
833 
Net book value
At 31 May 2024
39 
1,017 
1,056 
At 31 May 2023
52 
389 
441 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Trade debtors
24,775 
18,960 
Accrued income and prepayments
5,167 
3,100 
29,942 
22,060 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
VAT
3,873 
3,261 
Trade creditors
238 
220 
Taxes and social security
3,699 
3,010 
Other creditors
34 
34 
Loans from directors
55,436 
45,432 
Accruals
1,000 
1,000 
64,280 
52,957 
7
Average number of employees
During the year the average number of employees was 3 (2023: 3).
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