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REGISTERED NUMBER: 02878917 (England and Wales)















Idaho Design Limited

Unaudited Financial Statements for the Year Ended 31st December 2023






Idaho Design Limited (Registered number: 02878917)






Contents of the Financial Statements
for the year ended 31st December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Idaho Design Limited

Company Information
for the year ended 31st December 2023







DIRECTOR: P H Mather



REGISTERED OFFICE: Unit 2D
Clapham North Arts Centre
26-32, Voltaire Road
London
SW4 6DH



REGISTERED NUMBER: 02878917 (England and Wales)



ACCOUNTANTS: The Decimal Place
8 Blandfield Road
London
SW12 8BG



BANKERS: Lloyds TSB
Chelmsford Legg St OSC
1 Legg St
Essex
CM1 1JS

Idaho Design Limited (Registered number: 02878917)

Balance Sheet
31st December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2 386

CURRENT ASSETS
Stocks 5 55,684 177,799
Debtors 6 153,089 240,562
Cash at bank 2,030,784 1,682,317
2,239,557 2,100,678
CREDITORS
Amounts falling due within one
year

7

273,182

251,400
NET CURRENT ASSETS 1,966,375 1,849,278
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,966,377

1,849,664

PROVISIONS FOR LIABILITIES 8 - 73
NET ASSETS 1,966,377 1,849,591

Idaho Design Limited (Registered number: 02878917)

Balance Sheet - continued
31st December 2023

2023 2022
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Retained earnings 10 1,965,377 1,848,591
SHAREHOLDERS' FUNDS 1,966,377 1,849,591

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 2023 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.

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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 29th February 2024 and were signed by:





P H Mather - Director


Idaho Design Limited (Registered number: 02878917)

Notes to the Financial Statements
for the year ended 31st December 2023

1. STATUTORY INFORMATION

Idaho Design 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.
Plant and machinery - 25% on cost
Office equipmt - 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 Income Statement, 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.


Idaho Design Limited (Registered number: 02878917)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

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 4 (2022 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Office
machinery equipmt Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 1,537 19,540 21,077
DEPRECIATION
At 1st January 2023 1,152 19,539 20,691
Charge for year 384 - 384
At 31st December 2023 1,536 19,539 21,075
NET BOOK VALUE
At 31st December 2023 1 1 2
At 31st December 2022 385 1 386

Idaho Design Limited (Registered number: 02878917)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

5. STOCKS
2023 2022
£    £   
Stocks 55,684 177,799

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade debtors 111,739 240,552
Other debtors 37,795 10
VAT 3,555 -
153,089 240,562

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE
YEAR
2023 2022
£    £   
Trade creditors 8,822 15,789
Tax 57,560 56,188
Social security and other taxes 36,884 25,290
VAT - 12,034
Other creditors 82,430 139,385
Director's current account 80,301 301
Accruals and deferred income 7,185 2,413
273,182 251,400

8. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax - 73

Deferred
tax
£   
Balance at 1st January 2023 73
Credit to Income Statement during year (73 )
re : accelerated capital
allowances claim
Balance at 31st December 2023 -

Idaho Design Limited (Registered number: 02878917)

Notes to the Financial Statements - continued
for the year ended 31st December 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
1,000 Ordinary £1 1,000 1,000

10. RESERVES
Retained
earnings
£   

At 1st January 2023 1,848,591
Profit for the year 196,786
Dividends (80,000 )
At 31st December 2023 1,965,377

11. ULTIMATE CONTROLLING PARTY

The controlling party is P H Mather.