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REGISTERED NUMBER: 05089320 (England and Wales)







Unaudited Financial Statements

for the Year Ended 30 June 2023

for

Interesting Concept Limited

Interesting Concept Limited (Registered number: 05089320)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Interesting Concept Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs C A Langley
T D Langley





REGISTERED OFFICE: 31 Nottingham Road
Stapleford
Nottingham
NG9 8AB





REGISTERED NUMBER: 05089320 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Interesting Concept Limited (Registered number: 05089320)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 2,200 3,225

CURRENT ASSETS
Debtors 5 58,690 30,255
Cash at bank and in hand 941 2,789
59,631 33,044
CREDITORS
Amounts falling due within one year 6 (35,243 ) (23,937 )
NET CURRENT ASSETS 24,388 9,107
TOTAL ASSETS LESS CURRENT
LIABILITIES

26,588

12,332

CREDITORS
Amounts falling due after more than one
year

7

(2,760

)

(4,200

)
NET ASSETS 23,828 8,132

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 23,826 8,130
SHAREHOLDERS' FUNDS 23,828 8,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Interesting Concept Limited (Registered number: 05089320)

Balance Sheet - continued
30 June 2023


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 Board of Directors and authorised for issue on 27 October 2023 and were signed on its behalf by:





T D Langley - Director


Interesting Concept Limited (Registered number: 05089320)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Interesting Concept 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 20% on cost
Computer equipment - 25% on reducing balance

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Interesting Concept Limited (Registered number: 05089320)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2022
and 30 June 2023 5,424 2,505 7,929
DEPRECIATION
At 1 July 2022 2,793 1,911 4,704
Charge for year 877 148 1,025
At 30 June 2023 3,670 2,059 5,729
NET BOOK VALUE
At 30 June 2023 1,754 446 2,200
At 30 June 2022 2,631 594 3,225

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 11,550 18,035
Amounts owed by associates 44,500 9,592
Other debtors 2,640 2,628
58,690 30,255

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Bank loans and overdrafts 1,440 1,440
Trade creditors 12 252
Taxation and social security 11,741 5,334
Other creditors 22,050 16,911
35,243 23,937

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.23 30.6.22
£    £   
Bank loans 2,760 4,200

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
2 Ordinary £1 2 2