Registered number
10403953
IDM&A Limited
Filleted Accounts
30 September 2024
IDM&A Limited
Registered number: 10403953
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 3,578 2,515
Current assets
Debtors 4 48,062 26,614
Cash at bank and in hand 93,687 74,498
141,749 101,112
Creditors: amounts falling due within one year 5 (45,845) (27,168)
Net current assets 95,904 73,944
Total assets less current liabilities 99,482 76,459
Provisions for liabilities (680) (478)
Net assets 98,802 75,981
Capital and reserves
Called up share capital 94 94
Profit and loss account 98,708 75,887
Shareholders' funds 98,802 75,981
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D Taylor
Director
Approved by the board on 28 February 2025
IDM&A Limited
Notes to the Accounts
for the year ended 30 September 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the rendering of services. 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
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2023 6,740
Additions 2,425
At 30 September 2024 9,165
Depreciation
At 1 October 2023 4,225
Charge for the year 1,362
At 30 September 2024 5,587
Net book value
At 30 September 2024 3,578
At 30 September 2023 2,515
4 Debtors 2024 2023
£ £
Trade debtors 42,168 26,614
Other debtors 5,894 -
48,062 26,614
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 13,590 49
Taxation and social security costs 24,967 27,020
Other creditors 7,288 99
45,845 27,168
6 Related party transactions
Included within other creditors is the amount of £88 (£99 - 2023) owed to the Director by the company. The amount is undated, unsecured and repayable upon demand.
7 Controlling party
The controlling party is Mr D Taylor, as the Director and shareholder.
8 Other information
IDM&A Limited is a private company limited by shares and incorporated in England. Its registered office is:
1 The Briars
Waterberry Drive
Waterlooville
Hampshire
PO7 7YH
IDM&A Limited 10403953 false 2023-10-01 2024-09-30 2024-09-30 VT Final Accounts July 2024 D Taylor No description of principal activity 10403953 2022-10-01 2023-09-30 10403953 core:WithinOneYear 2023-09-30 10403953 core:ShareCapital 2023-09-30 10403953 core:RetainedEarningsAccumulatedLosses 2023-09-30 10403953 2023-10-01 2024-09-30 10403953 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 10403953 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 10403953 bus:Director40 2023-10-01 2024-09-30 10403953 1 2023-10-01 2024-09-30 10403953 2 2023-10-01 2024-09-30 10403953 core:PlantMachinery 2023-10-01 2024-09-30 10403953 countries:England 2023-10-01 2024-09-30 10403953 bus:FRS102 2023-10-01 2024-09-30 10403953 bus:FilletedAccounts 2023-10-01 2024-09-30 10403953 2024-09-30 10403953 core:WithinOneYear 2024-09-30 10403953 core:ShareCapital 2024-09-30 10403953 core:RetainedEarningsAccumulatedLosses 2024-09-30 10403953 core:PlantMachinery 2024-09-30 10403953 2023-09-30 10403953 core:PlantMachinery 2023-09-30 iso4217:GBP xbrli:pure