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REGISTERED NUMBER: 08438828 (England and Wales)















I3D ROBOTICS LTD

Unaudited Financial Statements

For The Year Ended 30 April 2024






I3D ROBOTICS LTD (REGISTERED NUMBER: 08438828)

Contents of the Financial Statements
For The Year Ended 30 April 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


I3D ROBOTICS LTD

Company Information
For The Year Ended 30 April 2024







DIRECTORS: N A Bantin
J Storey
Dr M Foster





REGISTERED OFFICE: Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH





REGISTERED NUMBER: 08438828 (England and Wales)





ACCOUNTANTS: Hilden Park Accountants Limited
Hilden Park House
79 Tonbridge Road
Hildenborough
Tonbridge
Kent
TN11 9BH

I3D ROBOTICS LTD (REGISTERED NUMBER: 08438828)

Abridged Balance Sheet
30 April 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 10,332 14,475

CURRENT ASSETS
Stocks - 24,750
Debtors 66,084 96,557
Cash at bank 98 73,187
66,182 194,494
CREDITORS
Amounts falling due within one year 144,639 119,993
NET CURRENT (LIABILITIES)/ASSETS (78,457 ) 74,501
TOTAL ASSETS LESS CURRENT
LIABILITIES

(68,125

)

88,976

PROVISIONS FOR LIABILITIES 1,963 2,750
NET (LIABILITIES)/ASSETS (70,088 ) 86,226

CAPITAL AND RESERVES
Called up share capital 320 320
Retained earnings (70,408 ) 85,906
SHAREHOLDERS' FUNDS (70,088 ) 86,226

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

I3D ROBOTICS LTD (REGISTERED NUMBER: 08438828)

Abridged Balance Sheet - continued
30 April 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 29 April 2025 and were signed on its behalf by:





N A Bantin - Director


I3D ROBOTICS LTD (REGISTERED NUMBER: 08438828)

Notes to the Financial Statements
For The Year Ended 30 April 2024


1. STATUTORY INFORMATION

I3D Robotics Ltd 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.

Going concern
These financial statements have been prepared on a going concern basis, notwithstanding the deficiency of net assets, on the basis that the directors have confirmed that the necessary funds will be made available to the company to enable it to meet its liabilities as and when they fall due.

Turnover
Turnover is measured at the value of the consideration received or receivable, net of discounts and value added taxes, from the rendering of the research and development of industrial 3D robotic vision systems. Turnover is recognised according to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the duration of the contract with the period in the year that the service was provided.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Equipment - 20% on cost or revaluation.

When measurement with respect to historical cost is not deemed to give a true and fair view of the value of the company's fixed assets, fixed assets are revalued to a level which reflects their value to the company. The amount of the revaluation is determined by the director.

Gains/losses on revaluation of fixed assets are reported in the company's income statement.

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.


I3D ROBOTICS LTD (REGISTERED NUMBER: 08438828)

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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 6 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 101,412
Additions 1,890
Disposals (76,212 )
At 30 April 2024 27,090
DEPRECIATION
At 1 May 2023 86,937
Charge for year 5,418
Eliminated on disposal (75,597 )
At 30 April 2024 16,758
NET BOOK VALUE
At 30 April 2024 10,332
At 30 April 2023 14,475