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REGISTERED NUMBER: 09981466 (England and Wales)















IDEL Group Ltd

Unaudited Financial Statements for the Year Ended 28 February 2025






IDEL Group Ltd (Registered number: 09981466)






Contents of the Financial Statements
for the year ended 28 February 2025




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


IDEL Group Ltd

Company Information
for the year ended 28 February 2025







DIRECTOR: L Cornish





REGISTERED OFFICE: One New Street
Wells
Somerset
BA5 2LA





REGISTERED NUMBER: 09981466 (England and Wales)





ACCOUNTANTS: Webb & Co Ltd
Accountants and Business Advisers
One New Street
Wells
Somerset
BA5 2LA

IDEL Group Ltd (Registered number: 09981466)

Balance Sheet
28 February 2025

2025 2024
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 26,831 32,914

CURRENT ASSETS
Stocks 119,105 126,682
Debtors 5 315,180 473,250
Cash at bank 282,787 -
717,072 599,932
CREDITORS
Amounts falling due within one year 6 426,722 483,835
NET CURRENT ASSETS 290,350 116,097
TOTAL ASSETS LESS CURRENT
LIABILITIES

317,181

149,011

CREDITORS
Amounts falling due after more than one
year

7

(26,754

)

(31,863

)

PROVISIONS FOR LIABILITIES (6,708 ) (8,229 )
NET ASSETS 283,719 108,919

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 283,718 108,918
SHAREHOLDERS' FUNDS 283,719 108,919

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

IDEL Group Ltd (Registered number: 09981466)

Balance Sheet - continued
28 February 2025


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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 April 2025 and were signed by:





L Cornish - Director


IDEL Group Ltd (Registered number: 09981466)

Notes to the Financial Statements
for the year ended 28 February 2025

1. STATUTORY INFORMATION

IDEL Group 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.

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


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 is measured at the fair value of the consideration received or receivable net of VAT and trade discounts. The policies adopted for the recognition of turnover are as follows:

Sale of goods

Turnover from the sale of goods is recognised when significant risks and rewards of ownership of the goods have transferred to the buyer, the amount of turnover can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transaction can be measured reliably. This is usually on dispatch of goods.

Rendering of services

When the outcome of a transaction can be estimated reliably, turnover from services is recognised by reference to the stage of completion at the balance sheet date.

Where the outcome cannot be measured reliably, turnover is recognised only to the extent of the expenses recognised that are recoverable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - straight line over 3 years
Motor vehicles - 20% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.


IDEL Group Ltd (Registered number: 09981466)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

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.

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 8 (2024 - 7 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor
machinery vehicles Totals
£    £    £   
COST
At 29 February 2024 10,072 41,000 51,072
Additions 3,345 - 3,345
At 28 February 2025 13,417 41,000 54,417
DEPRECIATION
At 29 February 2024 9,958 8,200 18,158
Charge for year 1,228 8,200 9,428
At 28 February 2025 11,186 16,400 27,586
NET BOOK VALUE
At 28 February 2025 2,231 24,600 26,831
At 28 February 2024 114 32,800 32,914

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade debtors 157,331 373,451
Other debtors 157,849 99,799
315,180 473,250

IDEL Group Ltd (Registered number: 09981466)

Notes to the Financial Statements - continued
for the year ended 28 February 2025

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Bank loans and overdrafts - 66
Hire purchase contracts 5,109 5,109
Trade creditors - 3,467
Taxation and social security 97,031 40,100
Other creditors 324,582 435,093
426,722 483,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2025 2024
£    £   
Hire purchase contracts 26,754 31,863

8. SECURED DEBTS

The following secured debts are included within creditors:

2025 2024
£    £   
Hire purchase contracts 31,863 36,972

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2025 2024
value: £    £   
1 Ordinary £1.00 1 1

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 28 February 2025 and 28 February 2024:

2025 2024
£    £   
L Cornish
Balance outstanding at start of year 69,929 54,852
Amounts advanced 125,233 69,929
Amounts repaid (69,929 ) (54,852 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 125,233 69,929

Interest has been charged at HMRC rates. The loan was repaid post year end.