2023-03-082024-03-312024-03-31false14715224WILD IDEAS & CO. LTD2024-11-0547760iso4217:GBPxbrli:pure147152242023-03-08147152242024-03-31147152242023-03-082024-03-31147152242023-03-07147152242023-03-07147152242023-03-072023-03-0714715224bus:SmallEntities2023-03-082024-03-3114715224bus:AuditExempt-NoAccountantsReport2023-03-082024-03-3114715224bus:FullAccounts2023-03-082024-03-3114715224bus:PrivateLimitedCompanyLtd2023-03-082024-03-3114715224core:WithinOneYear2024-03-3114715224core:AfterOneYear2024-03-3114715224core:WithinOneYear2023-03-0714715224core:AfterOneYear2023-03-0714715224core:ShareCapital2024-03-3114715224core:SharePremium2024-03-3114715224core:RevaluationReserve2024-03-3114715224core:OtherReservesSubtotal2024-03-3114715224core:RetainedEarningsAccumulatedLosses2024-03-3114715224core:ShareCapital2023-03-0714715224core:SharePremium2023-03-0714715224core:RevaluationReserve2023-03-0714715224core:OtherReservesSubtotal2023-03-0714715224core:RetainedEarningsAccumulatedLosses2023-03-0714715224core:LandBuildings2024-03-3114715224core:PlantMachinery2024-03-3114715224core:Vehicles2024-03-3114715224core:FurnitureFittings2024-03-3114715224core:OfficeEquipment2024-03-3114715224core:NetGoodwill2024-03-3114715224core:IntangibleAssetsOtherThanGoodwill2024-03-3114715224core:ListedExchangeTraded2024-03-3114715224core:UnlistedNon-exchangeTraded2024-03-3114715224core:LandBuildings2023-03-0714715224core:PlantMachinery2023-03-0714715224core:Vehicles2023-03-0714715224core:FurnitureFittings2023-03-0714715224core:OfficeEquipment2023-03-0714715224core:NetGoodwill2023-03-0714715224core:IntangibleAssetsOtherThanGoodwill2023-03-0714715224core:ListedExchangeTraded2023-03-0714715224core:UnlistedNon-exchangeTraded2023-03-0714715224core:LandBuildings2023-03-082024-03-3114715224core:PlantMachinery2023-03-082024-03-3114715224core:Vehicles2023-03-082024-03-3114715224core:FurnitureFittings2023-03-082024-03-3114715224core:OfficeEquipment2023-03-082024-03-3114715224core:NetGoodwill2023-03-082024-03-3114715224core:IntangibleAssetsOtherThanGoodwill2023-03-082024-03-3114715224core:ListedExchangeTraded2023-03-082024-03-3114715224core:UnlistedNon-exchangeTraded2023-03-082024-03-3114715224core:MoreThanFiveYears2023-03-082024-03-3114715224core:Non-currentFinancialInstruments2024-03-3114715224core:Non-currentFinancialInstruments2023-03-0714715224dpl:CostSales2023-03-082024-03-3114715224dpl:DistributionCosts2023-03-082024-03-3114715224core:LandBuildings2023-03-082024-03-3114715224core:PlantMachinery2023-03-082024-03-3114715224core:Vehicles2023-03-082024-03-3114715224core:FurnitureFittings2023-03-082024-03-3114715224core:OfficeEquipment2023-03-082024-03-3114715224dpl:AdministrativeExpenses2023-03-082024-03-3114715224core:NetGoodwill2023-03-082024-03-3114715224core:IntangibleAssetsOtherThanGoodwill2023-03-082024-03-3114715224dpl:GroupUndertakings2023-03-082024-03-3114715224dpl:ParticipatingInterests2023-03-082024-03-3114715224dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-082024-03-3114715224core:ListedExchangeTraded2023-03-082024-03-3114715224dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-082024-03-3114715224core:UnlistedNon-exchangeTraded2023-03-082024-03-3114715224dpl:CostSales2023-03-072023-03-0714715224dpl:DistributionCosts2023-03-072023-03-0714715224core:LandBuildings2023-03-072023-03-0714715224core:PlantMachinery2023-03-072023-03-0714715224core:Vehicles2023-03-072023-03-0714715224core:FurnitureFittings2023-03-072023-03-0714715224core:OfficeEquipment2023-03-072023-03-0714715224dpl:AdministrativeExpenses2023-03-072023-03-0714715224core:NetGoodwill2023-03-072023-03-0714715224core:IntangibleAssetsOtherThanGoodwill2023-03-072023-03-0714715224dpl:GroupUndertakings2023-03-072023-03-0714715224dpl:ParticipatingInterests2023-03-072023-03-0714715224dpl:GroupUndertakingscore:ListedExchangeTraded2023-03-072023-03-0714715224core:ListedExchangeTraded2023-03-072023-03-0714715224dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-03-072023-03-0714715224core:UnlistedNon-exchangeTraded2023-03-072023-03-0714715224core:NetGoodwill2024-03-3114715224core:IntangibleAssetsOtherThanGoodwill2024-03-3114715224core:LandBuildings2024-03-3114715224core:PlantMachinery2024-03-3114715224core:Vehicles2024-03-3114715224core:FurnitureFittings2024-03-3114715224core:OfficeEquipment2024-03-3114715224core:AfterOneYear2024-03-3114715224core:WithinOneYear2024-03-3114715224core:ListedExchangeTraded2024-03-3114715224core:UnlistedNon-exchangeTraded2024-03-3114715224core:ShareCapital2024-03-3114715224core:SharePremium2024-03-3114715224core:RevaluationReserve2024-03-3114715224core:OtherReservesSubtotal2024-03-3114715224core:RetainedEarningsAccumulatedLosses2024-03-3114715224core:NetGoodwill2023-03-0714715224core:IntangibleAssetsOtherThanGoodwill2023-03-0714715224core:LandBuildings2023-03-0714715224core:PlantMachinery2023-03-0714715224core:Vehicles2023-03-0714715224core:FurnitureFittings2023-03-0714715224core:OfficeEquipment2023-03-0714715224core:AfterOneYear2023-03-0714715224core:WithinOneYear2023-03-0714715224core:ListedExc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WILD IDEAS & CO. LTD

Registered Number
14715224
(England and Wales)

Unaudited Financial Statements for the Period ended
31 March 2024

WILD IDEAS & CO. LTD
Company Information
for the period from 8 March 2023 to 31 March 2024

Director

GOLDING, Lois Jane

Registered Address

11a Kimberley Park Road
Falmouth
TR11 2DA

Registered Number

14715224 (England and Wales)
WILD IDEAS & CO. LTD
Balance Sheet as at
31 March 2024

Notes

2024

£

£

Fixed assets
Intangible assets35,400
Tangible assets46,962
12,362
Current assets
Stocks56,800
Debtors612,232
Cash at bank and on hand2,549
21,581
Creditors amounts falling due within one year7(10,289)
Net current assets (liabilities)11,292
Total assets less current liabilities23,654
Creditors amounts falling due after one year8(23,323)
Provisions for liabilities9(367)
Net assets(36)
Capital and reserves
Called up share capital1
Profit and loss account(37)
Shareholders' funds(36)
The financial statements were approved and authorised for issue by the Director on 5 November 2024, and are signed on its behalf by:
GOLDING, Lois Jane
Director
Registered Company No. 14715224
WILD IDEAS & CO. LTD
Notes to the Financial Statements
for the period ended 31 March 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Current taxation
Current tax is recognised in profit or loss, except for taxes related to revaluations of land and buildings which are recognised in other comprehensive income. Current tax represents the amount of tax payable (receivable) in respect of taxable profit (loss) for the current, or past, reporting periods. Current tax is measured at the amount expected to be paid (recovered) using the tax rates and laws which have been enacted, or substantively enacted, by the balance sheet date. Where payments to HM Revenue and Customs exceed liabilities owed, an asset is recognised to the extent of the amount of tax recoverable.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Intangible assets
Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.
Tangible fixed assets and depreciation
All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Reducing balance (%)Straight line (years)
Plant and machinery20-
Office Equipment-4
Stocks and work in progress
Stock is valued at the lower of cost and estimated selling price less costs to complete and sell. The cost methodology employed by the entity is the first-in first-out method. Estimated selling price less costs to complete and sell are derived from the selling price which the goods would fetch in an open market transaction with established customers less the costs expected to be incurred to enable the sale to complete. Provision is made for slow-moving and obsolete items of stock. Such provisions are recognised in profit or loss. Work in progress is valued using the percentage of completion method and values are calculated using the lower of cost and estimated selling price less costs to complete and sell. When stocks are sold, the carrying amount of those stocks is recognised as an expense within cost of sales. This takes place in the same period that the associated revenue is recognised.
2.Average number of employees

2024
Average number of employees during the year2
3.Intangible assets

Goodwill

Total

££
Cost or valuation
Additions6,0006,000
At 31 March 246,0006,000
Amortisation and impairment
Charge for year600600
At 31 March 24600600
Net book value
At 31 March 245,4005,400
At 07 March 23--
4.Tangible fixed assets

Plant & machinery

Office Equipment

Total

£££
Cost or valuation
Additions8,5022148,716
At 31 March 248,5022148,716
Depreciation and impairment
Charge for year1,700541,754
At 31 March 241,700541,754
Net book value
At 31 March 246,8021606,962
At 07 March 23---
5.Stocks

2024

£
Other stocks6,800
Total6,800
6.Debtors: amounts due within one year

2024

£
Trade debtors / trade receivables5,757
Other debtors3,238
Prepayments and accrued income3,237
Total12,232
7.Creditors: amounts due within one year

2024

£
Trade creditors / trade payables40
Bank borrowings and overdrafts4,648
Taxation and social security2,831
Other creditors1,969
Accrued liabilities and deferred income801
Total10,289
8.Creditors: amounts due after one year

2024

£
Bank borrowings and overdrafts10,990
Other creditors12,333
Total23,323
9.Provisions for liabilities

2024

£
Net deferred tax liability (asset)367
Total367