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REGISTERED NUMBER: 07284553 (England and Wales)













Unaudited Financial Statements

for the Year Ended 31 July 2024

for

Ideas Creative Limited

Ideas Creative Limited (Registered number: 07284553)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ideas Creative Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: J A Barker
S Pankhurst





SECRETARY: J A Barker





REGISTERED OFFICE: Manchester's Finest Group
63 Newton Street
Manchester
M1 1ET





REGISTERED NUMBER: 07284553 (England and Wales)





ACCOUNTANTS: Nolan James Ltd
Chartered Accountants
Suite 1 Armcon Business Park
London Road South
Poynton
Stockport
Cheshire
SK12 1LQ

Ideas Creative Limited (Registered number: 07284553)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,757 2,996

CURRENT ASSETS
Debtors 5 41,000 72,736
Cash at bank 21,408 4,698
62,408 77,434
CREDITORS
Amounts falling due within one year 6 56,717 66,346
NET CURRENT ASSETS 5,691 11,088
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,448

14,084

CREDITORS
Amounts falling due after more than one
year

7

(8,700

)

(12,129

)

PROVISIONS FOR LIABILITIES (569 ) (569 )
NET ASSETS 179 1,386

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 177 1,384
179 1,386

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Ideas Creative Limited (Registered number: 07284553)

Balance Sheet - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 January 2025 and were signed on its behalf by:





J A Barker - Director


Ideas Creative Limited (Registered number: 07284553)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Ideas Creative 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 etc - 33% on cost and 25% on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 26,261
Additions 3,055
At 31 July 2024 29,316
DEPRECIATION
At 1 August 2023 23,265
Charge for year 2,294
At 31 July 2024 25,559
NET BOOK VALUE
At 31 July 2024 3,757
At 31 July 2023 2,996

Ideas Creative Limited (Registered number: 07284553)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade debtors 23,730 52,950
Other debtors 17,270 19,786
41,000 72,736

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Bank loans and overdrafts 5,400 5,400
Trade creditors - 261
Taxation and social security 49,648 58,979
Other creditors 1,669 1,706
56,717 66,346

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 8,700 12,129

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 July 2024 and 31 July 2023:

31.7.24 31.7.23
£    £   
J A Barker
Balance outstanding at start of year 12,105 16,266
Amounts advanced 11,065 12,105
Amounts repaid (12,105 ) (16,266 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 11,065 12,105

S Pankhurst
Balance outstanding at start of year 7,398 14,173
Amounts advanced 5,777 7,398
Amounts repaid (7,398 ) (14,173 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,777 7,398

Interest is charged at current rates and the loans are repayable on demand.