Idappcom Ltd. - Accounts to registrar (filleted) - small 18.2
Idappcom Ltd. - Accounts to registrar (filleted) - small 18.2
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| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 28 February 2018 |
| for |
| Idappcom Ltd. |
| Idappcom Ltd. (Registered number: 06829932) |
| Contents of the Financial Statements |
| for the Year Ended 28 February 2018 |
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| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| Idappcom Ltd. |
| Company Information |
| for the Year Ended 28 February 2018 |
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| DIRECTOR: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Accountants |
| 25 Castle Terrace |
| Edinburgh |
| EH1 2ER |
| Idappcom Ltd. (Registered number: 06829932) |
| Balance Sheet |
| 28 February 2018 |
| 2018 | 2017 |
| Notes | £ | £ | £ | £ |
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| FIXED ASSETS |
| Intangible assets | 4 |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Stocks | 6 |
| Debtors | 7 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 8 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
| CAPITAL AND RESERVES |
| Called up share capital |
| Retained earnings | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the director on |
| Idappcom Ltd. (Registered number: 06829932) |
| Notes to the Financial Statements |
| for the Year Ended 28 February 2018 |
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| 1. | STATUTORY INFORMATION |
| Idappcom Ltd. is a |
| 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 |
| Significant judgements and estimates |
| Preparing the financial statements may require the directors to make significant judgements and estimates. There |
| were no items in the financial statements where these judgements and estimates were required. |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable and represents amounts |
| receivable for goods supplied and services rendered, stated net of discounts and of VAT. |
| Income is recognised when goods and services have been delivered to customers. |
| Intangible assets |
| Intangible assets, which consist of purchased IP and other rights and development costs, are capitalised at cost |
| and depreciated on a straight line basis over their useful economic lives which are now estimated to be 20 years. |
| Tangible fixed assets |
| Depreciation is provided at the following annual rates in order to write off the cost or valuation of each asset, |
| less its residual value over its estimated useful life. |
| Plant and machinery etc - 33% on cost |
| Impairment of assets |
| At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets |
| have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any |
| affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the |
| carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised |
| immediately in profit or loss. |
| If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate |
| of its recoverable amount, but not in excess of the amount that could have been determined had no impairment |
| loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in |
| profit or loss. |
| 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. |
| Idappcom Ltd. (Registered number: 06829932) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2018 |
| 2. | ACCOUNTING POLICIES - continued |
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| Research and development |
| Expenditure on research and development is written off in the year in which it is incurred except where the |
| expenditure relates to identifiable projects where there is reasonable certainty that future revenues will exceed |
| the development costs, in which cases the costs are capitalised as intangible assets and written off over the period |
| in which the revenues from such projects are receivable. |
| 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. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial |
| assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third |
| parties, loans to related parties and investments in non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for |
| objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised |
| in profit or loss. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 4. | INTANGIBLE FIXED ASSETS |
| Other |
| intangible |
| assets |
| £ |
| COST |
| At 1 March 2017 |
| and 28 February 2018 |
| AMORTISATION |
| At 1 March 2017 |
| Charge for year |
| At 28 February 2018 |
| NET BOOK VALUE |
| At 28 February 2018 |
| At 28 February 2017 |
| Idappcom Ltd. (Registered number: 06829932) |
| Notes to the Financial Statements - continued |
| for the Year Ended 28 February 2018 |
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| 5. | TANGIBLE FIXED ASSETS |
| Plant and |
| machinery |
| etc |
| £ |
| COST |
| At 1 March 2017 |
| Additions |
| At 28 February 2018 |
| DEPRECIATION |
| At 1 March 2017 |
| Charge for year |
| At 28 February 2018 |
| NET BOOK VALUE |
| At 28 February 2018 |
| At 28 February 2017 |
| 6. | STOCKS |
| 2018 | 2017 |
| £ | £ |
| Stocks |
| Work-in-progress |
| 7. | DEBTORS |
| 2018 | 2017 |
| £ | £ |
| Amounts falling due within one year: |
| Trade debtors |
| Other debtors |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2018 | 2017 |
| £ | £ |
| Trade creditors |
| Taxation and social security |
| Other creditors |