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REGISTERED NUMBER: 05675021 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2022

for

Ideas Marketing Limited

Ideas Marketing Limited (Registered number: 05675021)






Contents of the Financial Statements
for the Year Ended 30 June 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ideas Marketing Limited

Company Information
for the Year Ended 30 June 2022







DIRECTOR: D B Cohen





REGISTERED OFFICE: 15 Buxton Old Road
Disley
Stockport
Cheshire
SK12 2BB





REGISTERED NUMBER: 05675021 (England and Wales)





ACCOUNTANTS: DHP Acountants Ltd
15 Buxton Old Road
Disley
Cheshire
SK12 2BB

Ideas Marketing Limited (Registered number: 05675021)

Balance Sheet
30 June 2022

30.6.22 30.6.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,310 7,500
Tangible assets 5 - -
6,310 7,500

CURRENT ASSETS
Stocks 222,579 211,232
Debtors 6 153,196 45,047
Cash at bank 290,266 836,162
666,041 1,092,441
CREDITORS
Amounts falling due within one year 7 459,892 765,663
NET CURRENT ASSETS 206,149 326,778
TOTAL ASSETS LESS CURRENT
LIABILITIES

212,459

334,278

PROVISIONS FOR LIABILITIES 1,199 1,425
NET ASSETS 211,260 332,853

CAPITAL AND RESERVES
Called up share capital 10,999 10,999
Share premium 59,310 59,310
Retained earnings 140,951 262,544
211,260 332,853

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2022 in accordance with Section 476 of the Companies Act 2006.

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 Marketing Limited (Registered number: 05675021)

Balance Sheet - continued
30 June 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 10 October 2023 and were signed by:





D B Cohen - Director


Ideas Marketing Limited (Registered number: 05675021)

Notes to the Financial Statements
for the Year Ended 30 June 2022

1. STATUTORY INFORMATION

Ideas Marketing Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

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
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - 25% on cost
Plant and machinery etc - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


Ideas Marketing Limited (Registered number: 05675021)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2021
and 30 June 2022 8,333
AMORTISATION
At 1 July 2021 833
Charge for year 1,190
At 30 June 2022 2,023
NET BOOK VALUE
At 30 June 2022 6,310
At 30 June 2021 7,500

Ideas Marketing Limited (Registered number: 05675021)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2022

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2021
and 30 June 2022 5,789 37,436 43,225
DEPRECIATION
At 1 July 2021
and 30 June 2022 5,789 37,436 43,225
NET BOOK VALUE
At 30 June 2022 - - -

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade debtors 3,206 45,047
Other debtors 149,990 -
153,196 45,047

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.22 30.6.21
£    £   
Trade creditors 387,398 351,797
Taxation and social security 32,202 296,811
Other creditors 40,292 117,055
459,892 765,663

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the year end one director had a loan from the company of £19,213 (2021: £13,145 creditor) and one director was owed £41,922 (2021: £102,610) from the company.