REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2022 |
for |
Ideas At Work Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31 July 2022 |
for |
Ideas At Work Limited |
Ideas At Work Limited (Registered number: 06643140) |
Contents of the Financial Statements |
for the Year Ended 31 July 2022 |
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 2022 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
39 Long Acre |
London |
WC2E 9LG |
Ideas At Work Limited (Registered number: 06643140) |
Balance Sheet |
31 July 2022 |
31.7.22 | 31.7.21 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 4 |
Tangible assets | 5 |
Investments | 6 |
CURRENT ASSETS |
Stocks | 7 |
Debtors | 8 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 9 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
10 |
NET LIABILITIES | ( |
) | ( |
) |
Ideas At Work Limited (Registered number: 06643140) |
Balance Sheet - continued |
31 July 2022 |
31.7.22 | 31.7.21 |
Notes | £ | £ | £ | £ |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
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. |
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 and authorised for issue on |
Ideas At Work Limited (Registered number: 06643140) |
Notes to the Financial Statements |
for the Year Ended 31 July 2022 |
1. | STATUTORY INFORMATION |
Ideas At Work Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 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. |
Tangible fixed assets |
Plant and machinery etc | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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 2022 |
4. | INTANGIBLE FIXED ASSETS |
Patents |
and |
licences | Website | Totals |
£ | £ | £ |
COST |
At 1 August 2021 |
and 31 July 2022 |
AMORTISATION |
At 1 August 2021 |
Amortisation for year |
At 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
5. | TANGIBLE FIXED ASSETS |
Computer |
equipment |
£ |
COST |
At 1 August 2021 |
and 31 July 2022 |
DEPRECIATION |
At 1 August 2021 |
and 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
Ideas At Work Limited (Registered number: 06643140) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
6. | FIXED ASSET INVESTMENTS |
Other |
investment |
£ |
COST |
At 1 August 2021 |
and 31 July 2022 |
NET BOOK VALUE |
At 31 July 2022 |
At 31 July 2021 |
7. | STOCKS |
31.7.22 | 31.7.21 |
£ | £ |
Finished goods |
8. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Trade debtors |
Other debtors |
Prepayments and accrued income |
9. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
VAT | 2,193 | 3,599 |
Other creditors |
Directors' loan accounts | 70,973 | 60,974 |
Accrued expenses |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.7.22 | 31.7.21 |
£ | £ |
Bank loans more 5 yr by instal |
Ideas At Work Limited (Registered number: 06643140) |
Notes to the Financial Statements - continued |
for the Year Ended 31 July 2022 |
10. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued |
31.7.22 | 31.7.21 |
£ | £ |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 13,063 | 12,529 |
11. | RELATED PARTY DISCLOSURES |
During the year, the company received a loan from a participating interest, with the aggregate value of £8,000. The balance at the end of the year was £25,500. It is included within other creditors. |
The loan is repayable on demand, hence it is measured at an undiscounted value. |