Company Registration No. 08861376 (England and Wales)
Ideazeit Limited
Unaudited accounts
for the year ended 31 January 2024
Ideazeit Limited
Unaudited accounts
Contents
Ideazeit Limited
Company Information
for the year ended 31 January 2024
Company Number
08861376 (England and Wales)
Registered Office
4 Bolsover Road
Grantham
Lincolnshire
NG31 7FS
Accountants
Heartwood Accountants Limited
103 High Street
Waltham Cross
Herts
EN87AN
Chartered Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of Ideazeit Limited for the year ended 31 January 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
Ideazeit Limited for the year ended
31 January 2024 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.
This report is made solely to the Board of Directors of Ideazeit Limited, as a body, in accordance with the terms of our engagement letter dated 21 May 2020. Our work has been undertaken solely to prepare for your approval the accounts of Ideazeit Limited and state those matters that we have agreed to state to the Board of Directors of Ideazeit Limited, as a body, in this report in accordance with AAF 07/16 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Ideazeit Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Ideazeit Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Ideazeit Limited. You consider that Ideazeit Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Ideazeit Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Heartwood Accountants Limited
Chartered Accountants
103 High Street
Waltham Cross
Herts
EN87AN
6 February 2024
Ideazeit Limited
Statement of financial position
as at 31 January 2024
Cash at bank and in hand
500
18,271
Creditors: amounts falling due within one year
(8,507)
(17,094)
Net current (liabilities)/assets
(8,007)
1,177
Net (liabilities)/assets
(8,007)
1,177
Called up share capital
100
100
Profit and loss account
(8,107)
1,077
Shareholders' funds
(8,007)
1,177
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 6 February 2024 and were signed on its behalf by
David Orchard
Director
Company Registration No. 08861376
Ideazeit Limited
Notes to the Accounts
for the year ended 31 January 2024
Ideazeit Limited is a private company, limited by shares, registered in England and Wales, registration number 08861376. The registered office is 4 Bolsover Road, Grantham, Lincolnshire, NG31 7FS.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% straight line
4
Tangible fixed assets
Plant & machinery
5
Creditors: amounts falling due within one year
2024
2023
Loans from directors
8,507
17,094
6
Average number of employees
During the year the average number of employees was 1 (2023: 1).