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Company Registration No. 08861376 (England and Wales)
Ideazeit Limited Unaudited accounts for the year ended 31 January 2024
Ideazeit Limited Unaudited accounts Contents
Page
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Ideazeit Limited Company Information for the year ended 31 January 2024
Director
David Orchard
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
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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
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Ideazeit Limited Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Current assets
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 
Capital and reserves
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
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Ideazeit Limited Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
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.
3
Accounting policies
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.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
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 
£ 
Cost or valuation
At cost 
At 1 February 2023
800 
At 31 January 2024
800 
Depreciation
At 1 February 2023
800 
At 31 January 2024
800 
Net book value
At 31 January 2024
- 
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).
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