Idea International Projects Limited 06523023 Design consultants false 1 April 2023 06523023 2023-04-01 2024-03-31 06523023 2023-03-31 06523023 2024-03-31 06523023 2022-04-01 2023-03-31 06523023 2022-03-31 06523023 2023-03-31 06523023 frs102-bus:FRS102 2023-04-01 2024-03-31 06523023 frs102-bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 06523023 frs102-bus:FullAccounts 2023-04-01 2024-03-31 06523023 frs102-bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 06523023 frs102-core:CurrentFinancialInstruments 2024-03-31 06523023 frs102-core:CurrentFinancialInstruments 2023-03-31 06523023 frs102-core:ShareCapital 2024-03-31 06523023 frs102-core:ShareCapital 2023-03-31 06523023 frs102-core:RetainedEarningsAccumulatedLosses 2024-03-31 06523023 frs102-core:RetainedEarningsAccumulatedLosses 2023-03-31 06523023 frs102-bus:Director1 2023-04-01 2024-03-31 06523023 frs102-core:OfficeEquipment 2023-04-01 2024-03-31 06523023 frs102-core:OfficeEquipment 2023-03-31 06523023 frs102-core:OfficeEquipment 2024-03-31 06523023 frs102-core:OfficeEquipment 2023-03-31 06523023 frs102-bus:OrdinaryShareClass1 2024-03-31 06523023 frs102-bus:OrdinaryShareClass1 2023-03-31 06523023 frs102-bus:OrdinaryShareClass1 2023-04-01 2024-03-31 xbrli:pure iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares
Registered number
06523023
Idea International Projects Limited
Unaudited Accounts
for the year ended
31 March 2024
Idea International Projects Limited
Balance Sheet
as at 31 March 2024
Notes
2024
£
2023
£
Fixed assets
Tangible assets 3 182 832
182 832
Current assets
Debtors 0 5,707
Cash at bank and in hand 3,509 7,859
3,509 13,566
Creditors: amounts falling due within one year (2,870) (13,602)
Net current assets / (liabilities) 639 (36)
Total assets less current liabilities 821 796
Provisions for liabilities (0) (0)
Total net assets (liabilities) 821 796
Capital and reserves
Called up share capital 4 2 2
Profit and loss account 819 794
Shareholders' funds 821 796

Idea International Projects Limited
Balance Sheet
as at 31 March 2024



These accounts have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

The directors have not delivered a copy of the company's Profit and Loss account as permitted by s444(5A) of the Companies Act 2006.

For the year ending 31 March 2024 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.

Signed on behalf of the board of directors

...............................

Mr R Coles

Director


Approved by the board on 25 September 2024

Company Number: 06523023 (a Private Company Limited by Shares registered in England and Wales)

Registered Office:

Well Cottage Cucumber Lane
Essendon
Hatfield
AL9 6JB
England

Idea International Projects Limited
Notes to the Accounts
for the year ended 31 March 2024

1. Accounting policies

Basis of preparation of financial statements
These financial statements have been prepared under the historic cost convention in accordance with the accounting policies set out below and with section 1A of FRS 102, the Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Companies Act 2006. The presentation currency is sterling.
Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable. Revenue is reduced for estimated customer returns, rebates and other similar allowances.
Tangible fixed assets depreciation policy
Tangible fixed assets are stated at cost less accumulated depreciation and impairment losses. Depreciation is provided, after taking account of any grants receivable, at rates calculated to write off the cost of fixed assets, less the estimated residual value, over their estimated useful lives.
Office equipment 20% Straight Line
Stocks
Work in progress is stated at the lower of cost and estimated fees receivable less costs to complete. Costs comprise direct production costs. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated fees receivable less any estimated completion or selling costs.
Deferred taxation
Taxation represents the sum of tax currently payable and deferred tax.
The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.
Foreign currencies
Transactions in currencies, other than the functional currency of the company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account.
2. Employees
2024 2023
Average number of employees during the period 1 1

3. Tangible fixed assets
Office equipment Total
Cost or valuation £ £
At 1 April 2023 4,033 4,033
Additions 157 157
At 31 March 2024 4,190 4,190
Depreciation
At 1 April 2023 3,201 3,201
Charge for the period 807 807
At 31 March 2024 4,008 4,008
Net book value
At 31 March 2024 182 182
At 31 March 2023 832 832

4. Share capital
2024 2023
£ £
Allotted, called up and fully paid:
2 (2023: 2) Ordinary shares of £1.00 each 2 2
2 2

Commitments, guarantees and contingencies

Notes

Capital pension lease and other financial commitments, guarantees and contingencies The company did not have any capital, pension, lease or other financial commitments, guarantees and contingencies at 31 March 2024 (2023 - None).

6. Other information

Idea International Projects Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is Well Cottage, Cucumber Lane, Essendon, Hertfordshire AL9 6JB.

The financial statements are presented in Sterling, which is the functional currency of the company.

During the two years ending on the 31 March 2024 Robert C. Coles the sole director of the company, controlled the company as he owned all the issued ordinary share capital.

The principal activity of the company in the year under review was that of design consultants.