Company registration number:
SC307468
IDTC Limited
Unaudited filleted financial statements
31 March 2020
IDTC Limited
Contents
Directors and other information
Accountant's report
Statement of financial position and notes to the financial statements
IDTC Limited
Directors and other information
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Directors
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Mr John McGinley
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Mrs Evelyn Duncan
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Secretary
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Mr John McGinley
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Company number
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SC307468
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Registered office
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1 Hunter Street
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Kirkcaldy
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Fife
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KY1 1ED
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Business address
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1 Hunter Street
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Kirkcaldy
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Fife
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KY1 1ED
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Accountant
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John Lynch & Co.
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Torridon House
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Torridon Lane
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Rosyth
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Fife
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KY11 2EU
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IDTC Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of IDTC Limited
Year ended 31 March 2020
In order to assist you to fulfil your duties under the Companies Act 2006, I have prepared for your approval the financial statements of IDTC Limited for the year ended 31 March 2020 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given me.
As a practising member of ICAS , I am subject to its ethical and other professional requirements which are detailed at http://www.icas.com/accountspreparationguidance.
This report is made solely to the board of directors of IDTC Limited, as a body, in accordance with the terms of my engagement letter dated 3 July 2017. My work has been undertaken solely to prepare for your approval the financial statements of IDTC Limited and state those matters that we have agreed to state to the board of directors of IDTC Limited as a body, in this report in accordance with the requirements of ICAS as detailed at http://www.icas.com/accountspreparationguidance. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than IDTC Limited and its board of directors as a body for my work or for this report.
It is your duty to ensure that IDTC Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of IDTC Limited. You consider that IDTC Limited is exempt from the statutory audit requirement for the year.
I have not been instructed to carry out an audit or a review of the financial statements of IDTC Limited. For this reason, I have not verified the accuracy or completeness of the accounting records or information and explanations you have given to me and I do not, therefore, express any opinion on the statutory financial statements.
John Lynch & Co.
Chartered Accountants
Torridon House
Torridon Lane
Rosyth
Fife
KY11 2EU
1 July 2020
IDTC Limited
Statement of financial position
31 March 2020
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2020
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2019
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£
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£
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£
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£
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Fixed assets
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160,849
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198,852
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_______
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_______
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Current assets
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164,480
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149,145
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Prepayments and accrued income
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540
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981
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_______
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165,020
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150,126
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Creditors: amounts falling due within one year
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(
42,007)
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47,620)
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_______
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_______
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Net current assets
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123,013
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102,506
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Total assets less current liabilities
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283,862
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301,358
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Creditors: amounts falling due after more than one year
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-
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33,423)
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Accruals and deferred income
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(
6,228)
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(
6,881)
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_______
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Net assets
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277,634
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261,054
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Capital and reserves
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277,634
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261,054
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IDTC Limited
Year ended 31 March 2020
Notes to the financial statements
1.
Employee numbers
The average number of persons employed by the company during the year amounted to
6
(2019:
6
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2.
Directors advances, credits and guarantees
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During the year the directors entered into the following advances and credits with the company:
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2020
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
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£
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£
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£
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Mr John McGinley
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7,050
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(
10,630)
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(
3,580)
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Mrs Evelyn Duncan
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10,410
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(
10,624)
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(
214)
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_______
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17,460
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(
21,254)
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(
3,794)
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_______
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2019
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Balance brought forward
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Advances /(credits) to the directors
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Balance o/standing
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£
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£
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£
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Mr John McGinley
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3,000
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4,050
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7,050
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Mrs Evelyn Duncan
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20,000
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(
9,590)
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10,410
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_______
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23,000
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(
5,540)
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17,460
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_______
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For the year ending 31 March 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsiblities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the micro-entity provisions and have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.
These financial statements were approved by the
board of directors
and authorised for issue on
01 July 2020
, and are signed on behalf of the board by:
Mr John McGinley
Mrs Evelyn Duncan
Director
Director
Company registration number:
SC307468
The company is a private company limited by shares, registered in Scotland.