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REGISTERED NUMBER: 05089320 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Interesting Concept Limited

Interesting Concept Limited (Registered number: 05089320)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Interesting Concept Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mrs C A Langley
T D Langley





REGISTERED OFFICE: 31 Nottingham Road
Stapleford
Nottingham
NG9 8AB





REGISTERED NUMBER: 05089320 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

Interesting Concept Limited (Registered number: 05089320)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 1,211 2,200

CURRENT ASSETS
Debtors 5 21,732 58,690
Cash at bank and in hand 1,416 941
23,148 59,631
CREDITORS
Amounts falling due within one year 6 (22,921 ) (35,243 )
NET CURRENT ASSETS 227 24,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,438

26,588

CREDITORS
Amounts falling due after more than one
year

7

(1,320

)

(2,760

)
NET ASSETS 118 23,828

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 116 23,826
SHAREHOLDERS' FUNDS 118 23,828

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Interesting Concept Limited (Registered number: 05089320)

Balance Sheet - continued
30 June 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 September 2024 and were signed on its behalf by:





T D Langley - Director


Interesting Concept Limited (Registered number: 05089320)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Interesting Concept 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.
Freehold property - 20% on cost
Computer equipment - 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.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

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

Interesting Concept Limited (Registered number: 05089320)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 July 2023
and 30 June 2024 5,424 2,505 7,929
DEPRECIATION
At 1 July 2023 3,670 2,059 5,729
Charge for year 877 112 989
At 30 June 2024 4,547 2,171 6,718
NET BOOK VALUE
At 30 June 2024 877 334 1,211
At 30 June 2023 1,754 446 2,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 7,000 11,550
Amounts owed by associates 11,092 44,500
Other debtors 3,640 2,640
21,732 58,690

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans and overdrafts 1,440 1,440
Trade creditors 5,842 12
Taxation and social security 13,954 11,741
Other creditors 1,685 22,050
22,921 35,243

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 1,320 2,760

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
2 Ordinary £1 2 2