ACCOUNTS - Final Accounts

INFRASTRUCTURE DESIGN SOLUTIONS LTD - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-04-302022-04-302021-05-01falseNo description of principal activity139truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 07591032 2021-05-01 2022-04-30 07591032 2020-05-01 2021-04-30 07591032 2022-04-30 07591032 2021-04-30 07591032 2020-05-01 07591032 c:Director1 2021-05-01 2022-04-30 07591032 c:Director2 2021-05-01 2022-04-30 07591032 d:OfficeEquipment 2021-05-01 2022-04-30 07591032 d:OfficeEquipment 2022-04-30 07591032 d:OfficeEquipment 2021-04-30 07591032 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-05-01 2022-04-30 07591032 d:CurrentFinancialInstruments 2022-04-30 07591032 d:CurrentFinancialInstruments 2021-04-30 07591032 d:CurrentFinancialInstruments d:WithinOneYear 2022-04-30 07591032 d:CurrentFinancialInstruments d:WithinOneYear 2021-04-30 07591032 d:ShareCapital 2022-04-30 07591032 d:ShareCapital 2021-04-30 07591032 d:RetainedEarningsAccumulatedLosses 2022-04-30 07591032 d:RetainedEarningsAccumulatedLosses 2021-04-30 07591032 c:FRS102 2021-05-01 2022-04-30 07591032 c:AuditExempt-NoAccountantsReport 2021-05-01 2022-04-30 07591032 c:FullAccounts 2021-05-01 2022-04-30 07591032 c:PrivateLimitedCompanyLtd 2021-05-01 2022-04-30 07591032 d:AcceleratedTaxDepreciationDeferredTax 2022-04-30 07591032 d:AcceleratedTaxDepreciationDeferredTax 2021-04-30 iso4217:GBP xbrli:pure

Registered number: 07591032

INFRASTRUCTURE DESIGN SOLUTIONS LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2022

INFRASTRUCTURE DESIGN SOLUTIONS LTD

REGISTERED NUMBER: 07591032

BALANCE SHEET

AS AT 30 APRIL 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		25,901		29,233
			25,901		29,233
Current assets
Debtors: amounts falling due within one year	5	794,470		513,415
Cash at bank and in hand	6	435,294		514,526
		1,229,764		1,027,941
Creditors: amounts falling due within one year	7	(314,260)		(228,155)
Net current assets			915,504		799,786
Total assets less current liabilities			941,405		829,019
Provisions for liabilities
Deferred tax	8	(6,475)		(5,554)
			(6,475)		(5,554)
Net assets			934,930		823,465

Capital and reserves
Called up share capital	125	125
Profit and loss account	934,805	823,340
	934,930	823,465

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

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INFRASTRUCTURE DESIGN SOLUTIONS LTD

REGISTERED NUMBER: 07591032

BALANCE SHEET (CONTINUED)

AS AT 30 APRIL 2022

The financial statements were approved and authorised for issue by the board and were signed on its behalf by:

................................................ S J Roberts	................................................ P Hanover
Director	Director
Date: 4 August 2022	Date:4 August 2022

The notes on pages 3 to 8 form part of these financial statements.

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INFRASTRUCTURE DESIGN SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

1.	General information

Infrastructure Design Solutions Ltd is a private company, limited by shares, registered in England and Wales. The address of the Company’s registered office is 249 Silbury Boulevard, Milton Keynes, Bucks, MK9 1NA.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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INFRASTRUCTURE DESIGN SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

2.4

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

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

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:

∙The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and

∙Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

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INFRASTRUCTURE DESIGN SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

2.Accounting policies (continued)

2.7

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

33%

straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.8

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Balance sheet.

2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

Employees

The average monthly number of employees, including directors, during the year was 13 (2021 - 9).

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INFRASTRUCTURE DESIGN SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 May 2021	69,092
	Additions	12,756
	At 30 April 2022	81,848
	Depreciation
	At 1 May 2021	39,859
	Charge for the year on owned assets	16,088
	At 30 April 2022	55,947
	Net book value
	At 30 April 2022	25,901
	At 30 April 2021	29,233

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INFRASTRUCTURE DESIGN SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

Debtors

					2022	2021
					£	£


Trade debtors	771,470	484,360
Prepayments and accrued income	23,000	29,055
	794,470	513,415

6.	Cash and cash equivalents
		2022	2021
		£	£

	Cash at bank and in hand	435,294	514,526

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Trade creditors	59,499	45,591
Corporation tax	154,080	148,522
Other taxation and social security	71,187	11,267
Other creditors	17,999	19,275
Accruals and deferred income	11,495	3,500
	314,260	228,155

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INFRASTRUCTURE DESIGN SOLUTIONS LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2022

8.	Deferred taxation

	2022	2021
	£	£

At beginning of year	5,554	2,390
Charged to profit or loss	921	3,164
At end of year	6,475	5,554

The provision for deferred taxation is made up as follows:
	2022	2021
	£	£

Accelerated capital allowances

6,475

5,554

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