IDEM SAFETY SWITCHES LIMITED

IDEM SAFETY SWITCHES LIMITED

IDEM SAFETY SWITCHES LIMITED - Company Information

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IDEM SAFETY SWITCHES LIMITED

Company Registration Number:
04822458 (England and Wales)

Unaudited abridged accounts for the year ended 30 September 2019

Period of accounts

Start date: 01 October 2018

End date: 30 September 2019

IDEM SAFETY SWITCHES LIMITED

Contents of the Financial Statements

for the Period Ended 30 September 2019

Balance sheet
Notes

IDEM SAFETY SWITCHES LIMITED

Balance sheet

As at 30 September 2019


Notes
2019
2018


£
£
Fixed assets
Intangible assets: 3 0 13,769
Tangible assets: 4 1,167,055 1,209,259
Total fixed assets: 1,167,055 1,223,028
Current assets
Stocks: 1,786,000 1,236,000
Debtors:   2,045,752 3,150,921
Cash at bank and in hand: 65,970 2,292,436
Total current assets: 3,897,722 6,679,357
Creditors: amounts falling due within one year:   (698,465) (962,365)
Net current assets (liabilities): 3,199,257 5,716,992
Total assets less current liabilities: 4,366,312 6,940,020
Creditors: amounts falling due after more than one year:   (495,601) (560,165)
Total net assets (liabilities): 3,870,711 6,379,855
Capital and reserves
Called up share capital: 896 976
Revaluation reserve:5554,033554,033
Other reserves: 155 75
Profit and loss account: 3,315,627 5,824,771
Shareholders funds: 3,870,711 6,379,855

The notes form part of these financial statements

IDEM SAFETY SWITCHES LIMITED

Balance sheet statements

For the year ending 30 September 2019 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 26 June 2020
and signed on behalf of the board by:

Name: M Mohtasham
Status: Director

The notes form part of these financial statements

IDEM SAFETY SWITCHES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

IDEM SAFETY SWITCHES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

2. Employees

2019 2018
Average number of employees during the period 38 43

IDEM SAFETY SWITCHES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

3. Intangible Assets

Total
Cost £
At 01 October 2018 210,166
Additions 24,894
At 30 September 2019 235,060
Amortisation
At 01 October 2018 196,397
Charge for year 38,663
At 30 September 2019 235,060
Net book value
At 30 September 2019 0
At 30 September 2018 13,769

IDEM SAFETY SWITCHES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

4. Tangible Assets

Total
Cost £
At 01 October 2018 1,636,183
Additions 55,003
Disposals (24,456)
At 30 September 2019 1,666,730
Depreciation
At 01 October 2018 426,924
Charge for year 93,938
On disposals (21,187)
At 30 September 2019 499,675
Net book value
At 30 September 2019 1,167,055
At 30 September 2018 1,209,259

IDEM SAFETY SWITCHES LIMITED

Notes to the Financial Statements

for the Period Ended 30 September 2019

5. Revaluation reserve

2019
£
Balance at 01 October 2018 554,033
Surplus or deficit after revaluation 0
Balance at 30 September 2019 554,033