IDEAS ON INFO LTD

Company limited by guarantee

Company Registration Number:
12081289 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

IDEAS ON INFO LTD

Company limited by guarantee

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Report of the Directors - 4
Income and Expenditure Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

IDEAS ON INFO LTD

Company limited by guarantee

Company Information

for the Period Ended 31 July 2023




Director: Leon Davies
Silas Welsh
Registered office: Tossels House
Fore Street
Chulmleigh
England
EX18 7BR
Company Registration Number: 12081289 (England and Wales)

IDEAS ON INFO LTD

Company limited by guarantee

Directors' Report Period Ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Additional information

STATEMENT OF DIRECTORS' RESPONSIBILITIES The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and accounting estimates that are reasonable and prudent; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. History & Mission We are a small, independent website offering information and ideas on the world around us. We aim to produce our content in such a way as to provide a clear divide between what is fact and what is opinion. We are set up as company limited by guarantee with no share capital. This there means that there are no dividends. We are not a registered charity, but we like to think of ourselves as having a charitable objective. We are also looking to curate a broad collection of writers from diverse backgrounds and opinions. As a publication we do not ask for exclusivity over contributor’s content. We hope that as a platform our role is to make sure that the content on the platform is: resourced, factual, and insightful. The biggest objective of the organisation is to inform the world in the most intelligible way possible. In is in this spirit that we have set up the platform with four sections: Information An Info On is an objective piece of writing that is designed to inform. An Ideas On is an analytical piece of writing which contains clear opinions. Entertainment A Record On are factual accounts of events and experiences. A Fable On are fictitious stories, poetry and comedic writing. We hope that, with these categories, you will always understand the context in which an article was written. We believe that persuasive and polemic arguments have a role in society, but they are most productive when they are honest about their constitution. FINANCIAL PERFORMANCE The entity has been largely dormant throughout the financial period and has incurred costs mainly relating to the preservation of its existing publications. The company is currently entirely supported by its guarantors.

Directors

The directors shown below have held office during the whole of the period from 01 August 2022 to 31 July 2023
Leon Davies
Silas Welsh

This report was approved by the board of directors on 9 November 2023
And Signed On Behalf Of The Board By:

Name: Leon Davies
Status: Director

Name: Silas Welsh
Status: Director

IDEAS ON INFO LTD

Company limited by guarantee

Income and Expenditure Account

for the Period Ended 31 July 2023


Notes

2023
£

2022
£
Turnover 52 -
Gross surplus or (deficit) 52 -
Administrative Expenses ( 25 ) -
Operating surplus or (deficit) 27 -
Interest Payable and Similar Charges ( 10 ) -
Surplus or (deficit) before tax 17 -
Tax on surplus ( 3 ) -
Surplus or (deficit) for the period 14 -

The notes form part of these financial statements

IDEAS ON INFO LTD

Company limited by guarantee

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Total fixed assets: - -
Current assets
Debtors: 4 17
Cash at bank and in hand: 10 10
Total current assets: 27 10
Creditors: amounts falling due within one year: 5 ( 3 )
Net current assets (liabilities): 24 10
Total assets less current liabilities: 24 10
Total net assets (liabilities): 24 10

The notes form part of these financial statements

IDEAS ON INFO LTD

Company limited by guarantee

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Reserves
Income and expenditure account 24 10
Members funds 24 10

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 9 November 2023
And Signed On Behalf Of The Board By:

Name: Leon Davies
Status: Director

Name: Silas Welsh
Status: Director

The notes form part of these financial statements

IDEAS ON INFO LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents income generated through donations.

    Other accounting policies

    Basis of preparing the financial statements The financial statements have been prepared under the historical cost convention. Going concern The corporation's guarantors are committed to supporting the operations of the entity. It is on this basis that the Directors are satisfied that the going concern basis of preparation is appropriate. Taxation Taxation for the year represents current tax. Current tax is recognised as the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Tangible Fixed Assets Assets are capitalised in accordance with FRS102 and applicable legislation, with trivial items being expensed.

IDEAS ON INFO LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 2 2

IDEAS ON INFO LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

IDEAS ON INFO LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Debtors


2023
£

2022
£
Prepayments and accrued income 17
Total 17

IDEAS ON INFO LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

5.Creditors: amounts falling due within one year note


2023
£

2022
£
Taxation and social security 3
Total 3

IDEAS ON INFO LTD

Company limited by guarantee

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.1.Related party disclosures

Name of related party: Leon Davies
Description of relationship:
Director of the Corporation.
Description of the transaction:
Leon W. Davies made £52 (2022: £nil) in donations during the financial year.