IRIS Accounts Production v24.1.0.578 07324859 Board of Directors 1.8.23 31.7.24 31.7.24 false true false false true false 99120 87670 105882 95950 131880 84500 73122 99120 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh073248592023-07-31073248592024-07-31073248592023-08-012024-07-31073248592022-07-31073248592022-08-012023-07-31073248592023-07-3107324859ns15:EnglandWales2023-08-012024-07-3107324859ns14:PoundSterling2023-08-012024-07-3107324859ns10:Director12023-08-012024-07-3107324859ns10:PrivateLimitedCompanyLtd2023-08-012024-07-3107324859ns10:SmallEntities2023-08-012024-07-3107324859ns10:AuditExempt-NoAccountantsReport2023-08-012024-07-3107324859ns10:SmallCompaniesRegimeForDirectorsReport2023-08-012024-07-3107324859ns10:SmallCompaniesRegimeForAccounts2023-08-012024-07-3107324859ns10:FullAccounts2023-08-012024-07-310732485942ns10:Director22023-07-310732485942ns10:Director22022-07-310732485942ns10:Director22023-08-012024-07-310732485942ns10:Director22022-08-012023-07-310732485942ns10:Director22024-07-310732485942ns10:Director22023-07-3107324859ns10:Director22023-08-012024-07-3107324859ns10:CompanySecretary12023-08-012024-07-3107324859ns10:RegisteredOffice2023-08-012024-07-3107324859ns5:CurrentFinancialInstruments2024-07-3107324859ns5:CurrentFinancialInstruments2023-07-3107324859ns5:Non-currentFinancialInstruments2024-07-3107324859ns5:Non-currentFinancialInstruments2023-07-3107324859ns5:ShareCapital2024-07-3107324859ns5:ShareCapital2023-07-3107324859ns5:SharePremium2024-07-3107324859ns5:SharePremium2023-07-3107324859ns5:RetainedEarningsAccumulatedLosses2024-07-3107324859ns5:RetainedEarningsAccumulatedLosses2023-07-3107324859ns5:PlantMachinery2023-08-012024-07-3107324859ns5:PlantMachinery2023-07-3107324859ns5:PlantMachinery2024-07-3107324859ns5:PlantMachinery2023-07-3107324859ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3107324859ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-08-012024-07-3107324859ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2024-07-3107324859ns5:PlantMachineryns5:LeasedAssetsHeldAsLessee2023-07-3107324859ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-07-3107324859ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-07-3107324859ns5:Secured2024-07-3107324859ns5:Secured2023-07-31073248591ns10:Director12023-07-31073248591ns10:Director12022-07-31073248591ns10:Director12023-08-012024-07-31073248591ns10:Director12022-08-012023-07-31073248591ns10:Director12024-07-31073248591ns10:Director12023-07-31
REGISTERED NUMBER: 07324859 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

I D B SYSTEMS LIMITED

I D B SYSTEMS LIMITED (REGISTERED NUMBER: 07324859)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I D B SYSTEMS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: K C Armitage Esq
J K Armitage





SECRETARY:





REGISTERED OFFICE: 10 Mostyn Street
Llandudno
LL30 2PS





REGISTERED NUMBER: 07324859 (England and Wales)





ACCOUNTANT: sianroberts
Chartered Accountant
10 Mostyn Street
Llandudno
Conwy
LL30 2PS

I D B SYSTEMS LIMITED (REGISTERED NUMBER: 07324859)

BALANCE SHEET
31 JULY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 125,823 161,045

CURRENT ASSETS
Stocks 27,006 38,732
Debtors 5 87,976 109,464
Cash at bank 1,095 28,568
116,077 176,764
CREDITORS
Amounts falling due within one year 6 35,917 49,765
NET CURRENT ASSETS 80,160 126,999
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,983

288,044

CREDITORS
Amounts falling due after more than one year 7 (79,054 ) (53,149 )

PROVISIONS FOR LIABILITIES (12,438 ) (18,389 )
NET ASSETS 114,491 216,506

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Share premium 9,899 9,899
Retained earnings 103,592 205,607
SHAREHOLDERS' FUNDS 114,491 216,506

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

I D B SYSTEMS LIMITED (REGISTERED NUMBER: 07324859)

BALANCE SHEET - continued
31 JULY 2024


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 18 November 2024 and were signed on its behalf by:





K C Armitage Esq - Director


I D B SYSTEMS LIMITED (REGISTERED NUMBER: 07324859)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

I D B Systems 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.

Turnover
Turnover represents net invoiced sales of goods and services, excluding value added tax.

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.
Plant and machinery etc - 15% on reducing balance and 10% on cost

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

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.

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.

Research and development
Expenditure on research and development is written off in the year in which it is incurred.


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.

I D B SYSTEMS LIMITED (REGISTERED NUMBER: 07324859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

2. ACCOUNTING POLICIES - continued

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.

Government grants
Expenditure-based government grants follow the treatment accorded to the expenditure to which they relate. They are treated as receivable at the point in time when the underlying economic transaction has occurred. Grants of a revenue nature are credited to income in the period to which they relate. Grants of a capital nature are credited to income at the depreciation rate attributable to the assets concerned.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2023 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 390,536
Additions 225
At 31 July 2024 390,761
DEPRECIATION
At 1 August 2023 229,491
Charge for year 35,447
At 31 July 2024 264,938
NET BOOK VALUE
At 31 July 2024 125,823
At 31 July 2023 161,045

I D B SYSTEMS LIMITED (REGISTERED NUMBER: 07324859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 August 2023
and 31 July 2024 54,929
DEPRECIATION
At 1 August 2023 15,561
Charge for year 5,905
At 31 July 2024 21,466
NET BOOK VALUE
At 31 July 2024 33,463
At 31 July 2023 39,368

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 4,062 8,274
Other debtors 83,914 101,190
87,976 109,464

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 17,692 12,490
Hire purchase contracts 6,117 6,117
Trade creditors 2,994 14,961
Taxation and social security 8,039 13,197
Other creditors 1,075 3,000
35,917 49,765

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 52,933 20,910
Hire purchase contracts 26,121 32,239
79,054 53,149

I D B SYSTEMS LIMITED (REGISTERED NUMBER: 07324859)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 70,625 33,400
Hire purchase contracts 32,238 38,356
102,863 71,756

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
K C Armitage Esq and J K Armitage
Balance outstanding at start of year 99,120 87,670
Amounts advanced 105,882 95,950
Amounts repaid (131,880 ) (84,500 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 73,122 99,120

10. ULTIMATE CONTROLLING PARTY

The controlling party is K C Armitage Esq.