IDM Consulting Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 03611134 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 January 2013

for

IDM Consulting Limited

Trading as

The Institute of Direct Marketing

Consulting

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

S J McCarthy

REGISTERED OFFICE:

2nd Floor, Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

REGISTERED NUMBER:

03611134 (England and Wales)

ACCOUNTANTS:

Lawrence Grant

Chartered Accountants

and Reporting Accountants

2nd Floor

Hygeia House

66 College Road

Harrow

Middlesex

HA1 1BE

FIXED ASSETS

Tangible assets

2

1,072

747

CURRENT ASSETS

Debtors

858

2,046

Cash at bank

10,985

15,542

11,843

17,588

CREDITORS

Amounts falling due within one year

84,599

100,745

NET CURRENT LIABILITIES

(72,756

)

(83,157

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(71,684

)

(82,410

)

PROVISIONS FOR LIABILITIES

172

98

NET LIABILITIES

(71,856

)

(82,508

)

CAPITAL AND RESERVES

Called up share capital

3

150

150

Profit and loss account

(72,006

)

(82,658

)

SHAREHOLDERS' FUNDS

(71,856

)

(82,508

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2013.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2013 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 8 October 2014 and were signed by:

S J McCarthy - Director

1.	ACCOUNTING POLICIES

Going concern basis

The financial statements have been prepared on a going concern basis, which is dependent upon the company's creditors

continuing to provide the necessary financial facilities, to enable the company to continue in operation for the foreseeable

future.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the Financial

Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services provided, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

15% reducing balance

Computer equipment

-

33% on cost

Deferred tax

The charge for taxation takes into account taxation deferred as a result of timing differences between the treatment of

certain items for taxation and accounting purposes. In general, deferred taxation is recognised in respect of all timing

differences that have originated but not reversed at the balance sheet date. However, deferred tax assets are recognised only

to the extent that the director considers that it is more likely than not that there will be suitable taxable profits from which

the future reversal of the underlying timing differences can be deducted. In accordance with FRSSE April 2008, deferred

tax is not recognised on revaluation gains. Deferred taxation is measured on a non-discounted basis at the tax rates that are

expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either

financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual

interest in the assets of the company after deducting all of its liabilities.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 February 2012

8,894

Additions

594

At 31 January 2013

9,488

DEPRECIATION

At 1 February 2012

8,147

Charge for year

269

At 31 January 2013

8,416

NET BOOK VALUE

At 31 January 2013

1,072

At 31 January 2012

747

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2013

2012

value:

£

£

150

Ordinary

£1

150

150

4.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The director, S J McCarthy, had a credit balance of £812 (2012: £17,374) on his director's current account as at the balance

sheet date. This amount is included in 'other creditors'. This was an interest free loan to the company.