General Information
Idevelop Group Ltd is a private company, limited by shares, registered in England and Wales, registration number 09558090, registration address 222a High Street, Leyton, London, E10 5PS.
The presentation currency is £ sterling
| 1. |
Accounting Policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets over their expected useful lives on the following basis:
| Motor Vehicles |
15% Reducing Balance
|
|
| 2. |
Tangible fixed assets
| Cost |
Motor Vehicles |
|
Total |
| |
£ |
|
£ |
| At 01 May 2018 |
10,000 |
|
10,000 |
| Additions |
27,846 |
|
27,846 |
| Disposals |
(4,400) |
|
(4,400) |
| At 30 April 2019 |
33,446 |
|
33,446 |
| Depreciation |
| At 01 May 2018 |
3,859 |
|
3,859 |
| Charge for year |
6,962 |
|
6,962 |
| On disposals |
1,741 |
|
1,741 |
| At 30 April 2019 |
12,562 |
|
12,562 |
| Net book values |
| Closing balance as at 30 April 2019 |
20,884 |
|
20,884 |
| Opening balance as at 01 May 2018 |
6,141 |
|
6,141 |
|
| 3. |
Debtors: amounts falling due within one year
|
2019
£ |
|
2018
£ |
| Prepayments & Accrued Income |
0 |
|
832 |
|
0 |
|
832 |
|
| 4. |
Creditors: amount falling due within one year
|
2019
£ |
|
2018
£ |
| PAYE & Social Security |
4,660 |
|
609 |
| Other Creditors |
20,856 |
|
670 |
|
25,516 |
|
1,279 |
|
| 5. |
Share Capital
Allotted
|
2019
£ |
|
2018
£ |
|
100
Class A shares of £1.00 each |
100 |
|
100 |
|
100 |
|
100 |
|
2
|
