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Registered Number: 13883446
England and Wales

 

 

 

IDLE CREATIVE LIMITED


Abridged Accounts
 


Period of accounts

Start date: 31 January 2022

End date: 31 January 2023
In order to assist you to fulfill your duties under the Companies Act 2006, we have compiled for your approval the financial statements of Idle Creative Limited for the year ended 31 January 2023 which comprise the Income Statement, Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given us.

This report is made solely to the director of Idle Creative Limited in accordance with our terms of engagement. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.
It is your duty to ensure that Idle Creative Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Idle Creative Limited.


You consider that Idle Creative Limited is exempt from the statutory audit requirement for the period and we have not been instructed to carry out an audit or a review of the financial statements of Idle Creative 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 financial statements.


Burton Varley Ltd
Suite 3, 2nd Floor, Didsbury House
748 - 754 Wilmslow Road
Manchester
M20 2DW
20 October 2023
1
 
 
Notes
 
2023
£
Fixed assets    
Intangible fixed assets 3 9,000 
9,000 
Current assets    
Cash at bank and in hand 17,534 
Creditors: amount falling due within one year (8,868)
Net current assets 8,666 
 
Total assets less current liabilities 17,666 
Net assets 17,666 
 

Capital and reserves
   
Called up share capital 4 100 
Profit and loss account 17,566 
Shareholder's funds 17,666 
 


For the year ended 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These financial statements 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 Part 15 of the Companies Act 2006. In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered to the Registrar of Companies.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with section 444(2A).
The financial statements were approved by the director on 20 October 2023 and were signed by:


-------------------------------
James Dean Guy
Director
2
General Information
Idle Creative Limited is a private company, limited by shares, registered in England and Wales, registration number 13883446, registration address C/O Burton Varley Ltd, Suite 3, 2nd Floor, Didsbury House,, 748 - 754 Wilmslow Road, Manchester, M20 2DW.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Current and deferred tax assets and liabilities are not discounted
Dividends
Proposed dividends are only included as liabilities in the statement of financial position when their payment has been approved by the shareholders prior to the statement of financial position date.
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable.
Goodwill
Acquired goodwill is stated at cost less amortisation. Amortisation is calculated on a straight line basis over the estimated expected useful economic life of the goodwill of 10 years.
2.

Average number of employees

Average number of employees during the year was 1.
3.

Intangible fixed assets

Cost Goodwill   Total
  £   £
At 31 January 2022  
Additions 10,000    10,000 
Disposals  
At 31 January 2023 10,000    10,000 
Amortisation
At 31 January 2022  
Charge for year 1,000    1,000 
On disposals  
At 31 January 2023 1,000    1,000 
Net book values
At 31 January 2023 9,000    9,000 
At 30 January 2022  


4.

Share Capital

Allotted, called up and fully paid
2023
£
100 Class A shares of £1.00 each 100 
100 

3