iDaCS (Holdings) Limited - Period Ending 2020-12-31

iDaCS (Holdings) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Financial Statements	4 to 6

iDaCS (Holdings) Limited

Company Information

Director

P Cattell

Registered office

Hitchcock House Hilltop Park Devizes Road Salisbury Wiltshire SP3 4UF

Accountants

Francis Clark LLP Hitchcock House Hilltop Park Devizes Road Salisbury Wiltshire SP3 4UF

iDaCS (Holdings) Limited

Balance Sheet

31 December 2020

	Note	2020 £	2019 £
Fixed assets
Investments	4	126,142	126,142
Current assets
Debtors	5	15,591	22,871
Cash at bank and in hand		14	10
		15,605	22,881
Creditors: Amounts falling due within one year	6	(141,303)	(148,949)
Net current liabilities		(125,698)	(126,068)
Net assets		444	74
Capital and reserves
Called up share capital		100	100
Profit and loss account		344	(26)
Total equity		444	74

iDaCS (Holdings) Limited

Balance Sheet

31 December 2020

For the financial year ending 31 December 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 year 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 and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 13 April 2021
 

......................................... P Cattell Director

Company Registration Number: 08766905

iDaCS (Holdings) Limited

Notes to the Financial Statements

Year Ended 31 December 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:
Hitchcock House
Hilltop Park
Devizes Road
Salisbury
Wiltshire
SP3 4UF

The principal place of business is:
Unit B
Omega Enterprise Park
Electron Way
Chandler's Ford
Eastleigh
SO53 4SE

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 - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' including Section 1A, 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.

iDaCS (Holdings) Limited and its subsidiary form a small group and are therefore not required to prepare consolidated accounts.

Tax

Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

iDaCS (Holdings) Limited

Notes to the Financial Statements

Year Ended 31 December 2020

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Financial instruments

Classification
The company holds the following financial instruments:

• Short term trade and other debtors and creditors;
• Cash and bank balances.

All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.


 

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 0 (2019 - 0).

iDaCS (Holdings) Limited

Notes to the Financial Statements

Year Ended 31 December 2020

4	Investments

	2020 £	2019 £
Investments in subsidiaries	126,142	126,142

Subsidiaries	£
Cost or valuation
At 1 January 2020	126,142
Carrying amount
At 31 December 2020	126,142
At 31 December 2019	126,142

5

Debtors

	2020 £	2019 £
Other debtors	15,591	22,871
	15,591	22,871

6

Creditors

Creditors: amounts falling due within one year

	2020 £	2019  £
Due within one year
Amounts due to group undertakings	141,282	148,949
Corporation tax	21	-
	141,303	148,949