IRIS Accounts Production v24.3.2.46 09082556 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh090825562023-03-31090825562024-03-31090825562023-04-012024-03-31090825562022-03-31090825562022-04-012023-03-31090825562023-03-3109082556ns15:EnglandWales2023-04-012024-03-3109082556ns14:PoundSterling2023-04-012024-03-3109082556ns10:Director12023-04-012024-03-3109082556ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3109082556ns10:SmallEntities2023-04-012024-03-3109082556ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3109082556ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3109082556ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3109082556ns10:FullAccounts2023-04-012024-03-3109082556ns10:OrdinaryShareClass12023-04-012024-03-3109082556ns10:Director22023-04-012024-03-3109082556ns10:Director32023-04-012024-03-3109082556ns10:RegisteredOffice2023-04-012024-03-3109082556ns5:CurrentFinancialInstruments2024-03-3109082556ns5:CurrentFinancialInstruments2023-03-3109082556ns5:ShareCapital2024-03-3109082556ns5:ShareCapital2023-03-3109082556ns5:RetainedEarningsAccumulatedLosses2024-03-3109082556ns5:RetainedEarningsAccumulatedLosses2023-03-3109082556ns5:PlantMachinery2023-03-3109082556ns5:PlantMachinery2023-04-012024-03-3109082556ns5:PlantMachinery2024-03-3109082556ns5:PlantMachinery2023-03-3109082556ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3109082556ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3109082556ns5:CurrentFinancialInstruments2023-04-012024-03-3109082556ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 09082556 (England and Wales)











Unaudited Financial Statements

for the Year Ended 31 March 2024

for

Independent Development Consulting
Limited

Independent Development Consulting
Limited (Registered number: 09082556)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Independent Development Consulting
Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mrs E Green
S Palmer
D J Palmer





REGISTERED OFFICE: Eldo House
Kempson Way
Bury St Edmunds
Suffolk
IP32 7AR





REGISTERED NUMBER: 09082556 (England and Wales)





ACCOUNTANTS: Knights Lowe Chartered Accountants
Eldo House
Kempson Way
Suffolk Business Park
Bury St Edmunds
Suffolk
IP32 7AR

Independent Development Consulting
Limited (Registered number: 09082556)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 529 1,192

CURRENT ASSETS
Stocks 6 14,000 30,000
Debtors 7 7,599 12,267
Cash at bank and in hand 1,687 6,124
23,286 48,391
CREDITORS
Amounts falling due within one year 8 103,187 58,554
NET CURRENT LIABILITIES (79,901 ) (10,163 )
TOTAL ASSETS LESS CURRENT LIABILITIES (79,372 ) (8,971 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (79,472 ) (9,071 )
SHAREHOLDERS' FUNDS (79,372 ) (8,971 )

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.

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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 March 2025 and were signed on its behalf by:



D J Palmer - Director


Independent Development Consulting
Limited (Registered number: 09082556)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Independent Development Consulting 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.

The presentation currency of the financial statements is the Pound Sterling (£).


2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

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

Independent Development Consulting
Limited (Registered number: 09082556)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. ACCOUNTING POLICIES - continued

Tangible fixed assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated
depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at
the fair value at the date of revaluation less any subsequent accumulated depreciation and
subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other
comprehensive income and accumulated in equity, except to the extent it reverses a revaluation
decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount
of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of
any previously recognised revaluation increase accumulated in equity in respect of that asset. Where
a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect
of that asset, the excess shall be recognised in profit or loss.

Depreciation
Depreciation is calculated so as to write off the cost or valuation

Plant and machinery - 25% straight line

Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable
amount being estimated where such indicators exist. Where the carrying value exceeds the
recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for
possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of
an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to
which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that
includes the asset and generates cash inflows that largely independent of the cash inflows from other
assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the
acquisition date, allocated to each of the cash-generating units that are expected to benefit from the
synergies of the combination, irrespective of whether other assets or liabilities of the company are
assigned to those units.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Independent Development Consulting
Limited (Registered number: 09082556)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

3. 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.

Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the
related service is provided. Prepaid contributions are recognised as an asset to the extent that the
prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting
date in which the employees render the related service, the liability is measured on a discounted
present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in
the period in which it arises.

Going concern
The company has net current liabilities which include amounts due to a director who will not seek repayment of the loan if to do so will mean the company cannot meet its liabilities as they fall due. The directors are satisfied that, with this continued support for a period of at least twelve months from the approval of these financial statements, it is appropriate to prepare these accounts on the going concern basis.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2023 - 3 ) .

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 April 2023
and 31 March 2024 2,652
DEPRECIATION
At 1 April 2023 1,460
Charge for year 663
At 31 March 2024 2,123
NET BOOK VALUE
At 31 March 2024 529
At 31 March 2023 1,192

Independent Development Consulting
Limited (Registered number: 09082556)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

6. STOCKS
2024 2023
£    £   
Stocks 14,000 30,000

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 3,235 420
Other debtors 4,364 11,847
7,599 12,267

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 13,035 13,264
Taxation and social security 1,349 4,544
Other creditors 88,803 40,746
103,187 58,554

Included within other creditors is an amount owed to a director.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

10. RELATED PARTY DISCLOSURES

The company has received a loan amounting to £19,799 (2023 £19,799) from a director which is unsecured, interest free and repayable on demand.