4 false false false false false false false false false false true false false false false false false No description of principal activity 2023-10-01 Sage Accounts Production Advanced 2024 - FRS102_2024 13,993 400 14,393 10,775 520 11,295 3,098 3,218 xbrli:pure xbrli:shares iso4217:GBP 03645522 2023-10-01 2024-09-30 03645522 2024-09-30 03645522 2023-09-30 03645522 2022-10-01 2023-09-30 03645522 2023-09-30 03645522 2022-09-30 03645522 bus:OrdinaryShareClass1 2023-10-01 2024-09-30 03645522 bus:Director1 2023-10-01 2024-09-30 03645522 core:WithinOneYear 2024-09-30 03645522 core:WithinOneYear 2023-09-30 03645522 core:ShareCapital 2024-09-30 03645522 core:ShareCapital 2023-09-30 03645522 core:RetainedEarningsAccumulatedLosses 2024-09-30 03645522 core:RetainedEarningsAccumulatedLosses 2023-09-30 03645522 bus:SmallEntities 2023-10-01 2024-09-30 03645522 bus:AuditExemptWithAccountantsReport 2023-10-01 2024-09-30 03645522 bus:SmallCompaniesRegimeForAccounts 2023-10-01 2024-09-30 03645522 bus:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 03645522 bus:FullAccounts 2023-10-01 2024-09-30 03645522 bus:OrdinaryShareClass1 2024-09-30 03645522 bus:OrdinaryShareClass1 2023-09-30 03645522 core:ToolsEquipment 2023-10-01 2024-09-30 03645522 core:ToolsEquipment 2023-09-30 03645522 core:ToolsEquipment 2024-09-30 03645522 core:AccountingPolicyChangeIncreaseDecrease bus:Director1 2023-10-01 2024-09-30
COMPANY REGISTRATION NUMBER: 03645522
Interesting Devices Ltd.
Filleted Unaudited Financial Statements
30 September 2024
Interesting Devices Ltd.
Statement of Financial Position
30 September 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
3,098
3,218
Current assets
Stocks
6,342
4,183
Debtors
6
4,293
13,335
Cash at bank and in hand
30,142
28,718
-------
-------
40,777
46,236
Prepayments and accrued income
842
618
Creditors: amounts falling due within one year
7
5,185
4,769
-------
-------
Net current assets
36,434
42,085
-------
-------
Total assets less current liabilities
39,532
45,303
Accruals and deferred income
1,190
1,120
-------
-------
Net assets
38,342
44,183
-------
-------
Capital and reserves
Called up share capital
8
2
2
Profit and loss account
38,340
44,181
-------
-------
Shareholders funds
38,342
44,183
-------
-------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Interesting Devices Ltd.
Statement of Financial Position (continued)
30 September 2024
These financial statements were approved by the board of directors and authorised for issue on 18 December 2024 , and are signed on behalf of the board by:
D.E. Farrell
Director
Company registration number: 03645522
Interesting Devices Ltd.
Notes to the Financial Statements
Year ended 30 September 2024
1. General information
The company is a private company limited by shares, registered and trading in England and Wales with company number 03645522 . The address of the registered office is 24 The Crescent, Keresley End, Coventry, CV7 8JT, West Midlands.
2. Statement of compliance
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the company and rounded to the nearest £.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the director has had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. Estimates and associated assumptions are based on historic experience and various other factors including expectations of future events that are believed to be reasonable under the circumstances, however actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.
Revenue recognition
Turnover represents the net invoiced sales of goods from ordinary activities, excluding VAT.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Plant & Equipment
-
15% reducing balance
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 4 (2023: 3 ).
5. Tangible assets
Equipment
Total
£
£
Cost
At 1 October 2023
13,993
13,993
Additions
400
400
-------
-------
At 30 September 2024
14,393
14,393
-------
-------
Depreciation
At 1 October 2023
10,775
10,775
Charge for the year
520
520
-------
-------
At 30 September 2024
11,295
11,295
-------
-------
Carrying amount
At 30 September 2024
3,098
3,098
-------
-------
At 30 September 2023
3,218
3,218
-------
-------
6. Debtors
2024
2023
£
£
Trade debtors
4,293
13,335
------
-------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
2,889
3,334
Other creditors
2,296
1,435
------
------
5,185
4,769
------
------
8. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
2
2
2
2
----
----
----
----
9. Director's advances, credits and guarantees
At the reporting date the directors loan account was in credit by £1,943 (2023: £1,371). There is no fixed term for repayment and no interest is charged.