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COMPANY REGISTRATION NUMBER: 15593902
I DESIGNED LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2025
I DESIGNED LIMITED
STATEMENT OF FINANCIAL POSITION
31 March 2025
2025
Note
£
£
FIXED ASSETS
Tangible assets
5
2,700
CURRENT ASSETS
Debtors
6
2,825
Cash at bank and in hand
30,651
--------
33,476
CREDITORS: amounts falling due within one year
7
18,003
--------
NET CURRENT ASSETS
15,473
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
18,173
--------
NET ASSETS
18,173
--------
CAPITAL AND RESERVES
Called up share capital fully paid
100
Profit and loss account
18,073
--------
SHAREHOLDERS FUNDS
18,173
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the period ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 23 June 2025 , and are signed on behalf of the board by:
Miss I Murugiah
Director
Company registration number: 15593902
I DESIGNED LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD ENDED 31 MARCH 2025
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 32 Watling View, St Albans, Hertfordshire, AL1 2PA.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. ACCOUNTING POLICIES
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% reducing balance
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.
4. EMPLOYEE NUMBERS
The average number of persons employed by the company during the period amounted to 1 .
5. TANGIBLE ASSETS
Equipment
£
Cost
At 1 April 2024
Additions
3,600
-------
At 31 March 2025
3,600
-------
Depreciation
At 1 April 2024
Charge for the period
900
-------
At 31 March 2025
900
-------
Carrying amount
At 31 March 2025
2,700
-------
6. DEBTORS
2025
£
Trade debtors
2,825
-------
7. CREDITORS: amounts falling due within one year
2025
£
Corporation tax
10,374
Other creditors
7,629
--------
18,003
--------