|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 July 2017 |
|
for |
|
Ideas At Work Limited |
|
|
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unaudited Financial Statements for the Year Ended 31 July 2017 |
|
for |
|
Ideas At Work Limited |
Ideas At Work Limited (Registered number: 06643140) |
|
|
|
|
|
|
Contents of the Financial Statements |
for the Year Ended 31 July 2017 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Balance Sheet | 2 |
|
Notes to the Financial Statements | 4 |
|
Ideas At Work Limited |
|
Company Information |
for the Year Ended 31 July 2017 |
|
|
|
|
|
|
|
DIRECTOR: |
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
39 Long Acre |
London |
WC2E 9LG |
Ideas At Work Limited (Registered number: 06643140) |
|
Balance Sheet |
31 July 2017 |
|
31.7.17 | 31.7.16 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
|
|
Tangible assets | 5 |
|
|
Investments | 6 |
|
|
|
|
|
CURRENT ASSETS |
Debtors | 7 |
|
|
Cash in hand |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 8 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
( |
) |
( |
) |
|
CAPITAL AND RESERVES |
Called up share capital |
|
|
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
|
|
|
|
|
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) |
|
Balance Sheet - continued |
31 July 2017 |
|
|
|
|
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
|
The financial statements were approved by the director on
|
|
|
|
|
|
|
|
Ideas At Work Limited (Registered number: 06643140) |
|
Notes to the Financial Statements |
for the Year Ended 31 July 2017 |
|
1. | STATUTORY INFORMATION |
|
Ideas At Work Limited is a
|
Wales. The company's registered number and registered office address can be found on the |
Company Information page. |
|
The presentation currency of the financial statements is the Pound Sterling (£). |
|
|
2. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
|
|
These financial statements for the year ended 31 July 2017 are the first financial statements |
that comply with FRS 102 Section 1A small entities. The date of transition is 1 August 2015. |
|
The transition to FRS 102 Section 1A small entities has resulted in a change in accounting |
estimates to those used previously. |
|
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding |
discounts, rebates, value added tax and other sales taxes. |
|
Intangible assets |
Trademarks owned by the company have been capitalised as intangible fixed assets. These |
trademarks 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. |
|
Tangible fixed assets |
|
Plant and machinery etc | - |
|
|
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. |
|
Investments in subsidiaries and associates |
Investments in shares are included at a cost less impairment loss in profit or loss. |
|
3. | EMPLOYEES AND DIRECTORS |
|
The average number of employees during the year was
|
Ideas At Work Limited (Registered number: 06643140) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
|
4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences |
£ |
COST |
At 1 August 2016 |
and 31 July 2017 |
|
AMORTISATION |
At 1 August 2016 |
|
Amortisation for year |
|
At 31 July 2017 |
|
NET BOOK VALUE |
At 31 July 2017 |
|
At 31 July 2016 |
|
|
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 August 2016 |
|
Additions |
|
At 31 July 2017 |
|
DEPRECIATION |
At 1 August 2016 |
|
Charge for year |
|
At 31 July 2017 |
|
NET BOOK VALUE |
At 31 July 2017 |
|
At 31 July 2016 |
|
Ideas At Work Limited (Registered number: 06643140) |
|
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2017 |
|
6. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 August 2016 |
and 31 July 2017 |
|
NET BOOK VALUE |
At 31 July 2017 |
|
At 31 July 2016 |
|
|
7. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade debtors |
|
|
Other debtors |
|
|
VAT |
|
|
|
|
|
8. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.17 | 31.7.16 |
£ | £ |
Trade creditors |
|
|
VAT | 1,143 | - |
Other creditors |
|
|
Directors' loan accounts | 31,786 | 36,712 |
Accrued expenses |
|
|
|
|
|
9. | RELATED PARTY DISCLOSURES |
|
At 1 August 2016, the company had a loan of £71,358 outstanding to a related company. |
During the period, the company repaid an amount of £16,381. The balance outstanding at |
the end of the period was £54,977. |
|
During the year, the company as well received a loan from a participating interest, with the |
aggregate value of £30,110. |
|
The loans are repayable on demand, hence they are measured at an undiscounted value. |