Influential Digital Services Limited - Period Ending 2020-11-30

Influential Digital Services Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 4

Influential Digital Services Limited

Company Information

Director

Mr DP Guest

Registered office

I-Centrum 6 Holt Street Birmingham B7 4BP

Accountants

Hill Lillis & Company Ltd Chartered Tax Advisers 98 Sheffield Road Sutton Coldfield West Midlands B73 5HW

Influential Digital Services Limited

(Registration number: 12309807)
Balance Sheet as at 30 November 2020

	Note	2020 £
Fixed assets
Tangible assets	4		1,372
Current assets
Cash at bank and in hand		96
Creditors: Amounts falling due within one year	5	(4,934)
Net current liabilities			(4,838)
Net liabilities			(3,466)
Capital and reserves
Called up share capital		1
Profit and loss account		(3,467)
Total equity			(3,466)

For the financial period ending 30 November 2020 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 accounts for the period in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 April 2021
 

.........................................

Mr DP Guest
Director

Influential Digital Services Limited

Notes to the Unaudited Financial Statements for the Period from 12 November 2019 to 30 November 2020

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
I-Centrum
6 Holt Street
Birmingham
B7 4BP
England

These financial statements were authorised for issue by the director on 13 April 2021.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis as the director and shareholder continues to financially support the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Computer equipment	3 years straight line

Influential Digital Services Limited

Notes to the Unaudited Financial Statements for the Period from 12 November 2019 to 30 November 2020

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments.

3	Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4	Tangible assets

	Furniture, fittings and equipment  £	Total £
Cost or valuation
Additions	1,900	1,900
At 30 November 2020	1,900	1,900
Depreciation
Charge for the period	528	528
At 30 November 2020	528	528
Carrying amount
At 30 November 2020	1,372	1,372

5

Creditors

Creditors: amounts falling due within one year

	2020 £
Due within one year
Other creditors	4,934