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Unaudited Financial Statements for the Year Ended 31 July 2019 |
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Ideas At Work Limited |
REGISTERED NUMBER:
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Unaudited Financial Statements for the Year Ended 31 July 2019 |
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for |
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Ideas At Work Limited |
Ideas At Work Limited (Registered number: 06643140) |
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Contents of the Financial Statements |
for the Year Ended 31 July 2019 |
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Page |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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Ideas At Work Limited |
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Company Information |
for the Year Ended 31 July 2019 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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39 Long Acre |
London |
WC2E 9LG |
Ideas At Work Limited (Registered number: 06643140) |
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Balance Sheet |
31 July 2019 |
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31.7.19 | 31.7.18 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
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Tangible assets | 5 |
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Investments | 6 |
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CURRENT ASSETS |
Stocks | 7 |
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Debtors | 8 |
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Cash in hand |
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CREDITORS |
Amounts falling due within one year | 9 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital |
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Share premium |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS |
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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. |
Ideas At Work Limited (Registered number: 06643140) |
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Balance Sheet - continued |
31 July 2019 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director and authorised for issue on
and were signed by: |
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Ideas At Work Limited (Registered number: 06643140) |
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Notes to the Financial Statements |
for the Year Ended 31 July 2019 |
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1. | STATUTORY INFORMATION |
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Ideas At Work Limited is a
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Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
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Intangible assets |
Trademarks and patents owned by the company have been capitalised as intangible fixed |
assets. These trademarks and patents are stated at cost. Intangible assets are amortised |
over their useful economic life, which in the case of the company's trademarks is deemed to |
be 10 years. |
Website is stated at cost and amortised over its useful econimic life of 3 years. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance |
for obsolete and slow moving items. |
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Creditors |
Short term creditors are measured at transaction price (which is usually the invoice price). |
Loans and other financial liabilities are initially recognised at transaction price net of any |
transaction costs and subsequently measured at amortised cost determined using the |
effective interest method. Where amounts are payable within one year, they are measured |
at the undiscounted amount payable. |
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Investments in subsidiaries and associates |
Investments in shares are included at a cost less impairment loss in profit or loss. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the year was
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Ideas At Work Limited (Registered number: 06643140) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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4. | INTANGIBLE FIXED ASSETS |
Patents |
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licences | Website | Totals |
£ | £ | £ |
COST |
At 1 August 2018 |
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Additions |
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At 31 July 2019 |
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AMORTISATION |
At 1 August 2018 |
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Amortisation for year |
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At 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
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COST |
At 1 August 2018 |
and 31 July 2019 |
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DEPRECIATION |
At 1 August 2018 |
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Charge for year |
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At 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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Ideas At Work Limited (Registered number: 06643140) |
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Notes to the Financial Statements - continued |
for the Year Ended 31 July 2019 |
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6. | FIXED ASSET INVESTMENTS |
Other |
investment |
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COST |
At 1 August 2018 |
and 31 July 2019 |
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NET BOOK VALUE |
At 31 July 2019 |
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At 31 July 2018 |
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7. | STOCKS |
31.7.19 | 31.7.18 |
£ | £ |
Finished goods |
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8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Trade debtors |
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Other debtors |
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Prepayments |
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9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.19 | 31.7.18 |
£ | £ |
Trade creditors |
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VAT | 6,940 | 8,459 |
Other creditors |
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Directors' loan accounts | 26,082 | 13,543 |
Accrued expenses |
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