2 2 The Ideas Cloud Limited 09950686 false 2024-02-01 2024-10-31 2024-10-31 The principal activity of the company is that of construction management. Digita Accounts Production Advanced 6.30.9574.0 true 09950686 2024-02-01 2024-10-31 09950686 2024-10-31 09950686 bus:Director1 1 2024-10-31 09950686 bus:OrdinaryShareClass1 2024-10-31 09950686 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 09950686 core:FurnitureFittingsToolsEquipment 2024-10-31 09950686 bus:SmallEntities 2024-02-01 2024-10-31 09950686 bus:AuditExemptWithAccountantsReport 2024-02-01 2024-10-31 09950686 bus:FilletedAccounts 2024-02-01 2024-10-31 09950686 bus:SmallCompaniesRegimeForAccounts 2024-02-01 2024-10-31 09950686 bus:RegisteredOffice 2024-02-01 2024-10-31 09950686 bus:Director1 2024-02-01 2024-10-31 09950686 bus:Director1 1 2024-02-01 2024-10-31 09950686 bus:Director2 2024-02-01 2024-10-31 09950686 bus:OrdinaryShareClass1 2024-02-01 2024-10-31 09950686 bus:PrivateLimitedCompanyLtd 2024-02-01 2024-10-31 09950686 bus:Agent1 2024-02-01 2024-10-31 09950686 core:FurnitureFittingsToolsEquipment 2024-02-01 2024-10-31 09950686 core:OfficeEquipment 2024-02-01 2024-10-31 09950686 countries:AllCountries 2024-02-01 2024-10-31 09950686 2024-01-31 09950686 bus:Director1 1 2024-01-31 09950686 core:FurnitureFittingsToolsEquipment 2024-01-31 09950686 2023-02-01 2024-01-31 09950686 2024-01-31 09950686 bus:Director1 1 2024-01-31 09950686 bus:OrdinaryShareClass1 2024-01-31 09950686 core:CurrentFinancialInstruments core:WithinOneYear 2024-01-31 09950686 core:FurnitureFittingsToolsEquipment 2024-01-31 09950686 bus:Director1 1 2023-02-01 2024-01-31 09950686 bus:Director1 1 2023-01-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 09950686

The Ideas Cloud Limited

Unaudited Filleted Abridged Financial Statements

for the Period from 1 February 2024 to 31 October 2024

 

The Ideas Cloud Limited

Contents

Company Information

1

Abridged Balance Sheet

2

Notes to the Unaudited Abridged Financial Statements

3 to 6

 

The Ideas Cloud Limited

Company Information

Directors

Mrs Katy Suzanne Earl

Mr Brendan Kingston

Registered office

49 North Street
Wellington
Somerset
TA21 8LY

Accountants

Easterbrook Eaton Limited
Chartered AccountantsCosmopolitan House
Old Fore Street
Sidmouth
Devon
EX10 8LS

 

The Ideas Cloud Limited

(Registration number: 09950686)
Abridged Balance Sheet as at 31 October 2024

Note

2024
£

2024
£

Fixed assets

 

Tangible assets

4

-

870

Current assets

 

Cash at bank and in hand

 

3,085

3,360

Creditors: Amounts falling due within one year

(2,925)

(2,327)

Net current assets

 

160

1,033

Net assets

 

160

1,903

Capital and reserves

 

Called up share capital

6

200

200

Retained earnings

(40)

1,703

Shareholders' funds

 

160

1,903

For the financial period ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 21 January 2025 and signed on its behalf by:
 

.........................................
Mrs Katy Suzanne Earl
Director

 

The Ideas Cloud Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2024 to 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
49 North Street
Wellington
Somerset
TA21 8LY

These financial statements were authorised for issue by the Board on 21 January 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office equipment

33% straight line basis.

Website Design

20% straight line basis.

 

The Ideas Cloud Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2024 to 31 October 2024

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the period, was 2 (2024 - 2).

 

The Ideas Cloud Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2024 to 31 October 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 February 2024

9,203

9,203

Disposals

(9,203)

(9,203)

At 31 October 2024

-

-

Depreciation

At 1 February 2024

8,333

8,333

Eliminated on disposal

(8,333)

(8,333)

At 31 October 2024

-

-

Carrying amount

At 31 October 2024

-

-

At 31 January 2024

870

870

5

Debtors

Debtors includes £Nil (2024 - £Nil) due after more than one year.

6

Share capital

Allotted, called up and fully paid shares

2024

2024

No.

£

No.

£

Ordinary of £1 each

200

200

200

200

       

7

Related party transactions

Transactions with directors

 

The Ideas Cloud Limited

Notes to the Unaudited Abridged Financial Statements for the Period from 1 February 2024 to 31 October 2024

2024

At 1 February 2024
£

Advances to director
£

Other payments made to company by director
£

At 31 October 2024
£

Mrs Katy Suzanne Earl

(1,727)

518

(216)

(1,425)

2024

At 1 February 2023
£

Advances to director
£

Other payments made to company by director
£

At 31 January 2024
£

Mrs Katy Suzanne Earl

(1,751)

485

(461)

(1,727)