Integrated Ideas Agency Limited 08734865 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is that of digital design, marketing and communication services. Digita Accounts Production Advanced 6.30.9574.0 true 08734865 2023-11-01 2024-10-31 08734865 2024-10-31 08734865 core:RetainedEarningsAccumulatedLosses 2024-10-31 08734865 core:ShareCapital 2024-10-31 08734865 core:CurrentFinancialInstruments 2024-10-31 08734865 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 08734865 core:ConstructionInProgressAssetsUnderConstruction 2024-10-31 08734865 core:FurnitureFittingsToolsEquipment 2024-10-31 08734865 bus:SmallEntities 2023-11-01 2024-10-31 08734865 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 08734865 bus:FilletedAccounts 2023-11-01 2024-10-31 08734865 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 08734865 bus:RegisteredOffice 2023-11-01 2024-10-31 08734865 bus:Director1 2023-11-01 2024-10-31 08734865 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 08734865 bus:Agent1 2023-11-01 2024-10-31 08734865 core:RetainedEarningsAccumulatedLosses 2023-11-01 2024-10-31 08734865 core:ShareCapital 2023-11-01 2024-10-31 08734865 core:ComputerEquipment 2023-11-01 2024-10-31 08734865 core:ConstructionInProgressAssetsUnderConstruction 2023-11-01 2024-10-31 08734865 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 08734865 core:PlantMachinery 2023-11-01 2024-10-31 08734865 countries:EnglandWales 2023-11-01 2024-10-31 08734865 2023-10-31 08734865 core:RetainedEarningsAccumulatedLosses 2023-10-31 08734865 core:ShareCapital 2023-10-31 08734865 core:ConstructionInProgressAssetsUnderConstruction 2023-10-31 08734865 core:FurnitureFittingsToolsEquipment 2023-10-31 08734865 2022-11-01 2023-10-31 08734865 2023-10-31 08734865 core:CurrentFinancialInstruments 2023-10-31 08734865 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 08734865 core:ConstructionInProgressAssetsUnderConstruction 2023-10-31 08734865 core:FurnitureFittingsToolsEquipment 2023-10-31 08734865 core:RetainedEarningsAccumulatedLosses 2022-11-01 2023-10-31 08734865 core:ShareCapital 2022-11-01 2023-10-31 08734865 2022-10-31 08734865 core:RetainedEarningsAccumulatedLosses 2022-10-31 08734865 core:ShareCapital 2022-10-31 iso4217:GBP xbrli:pure

Registration number: 08734865

Integrated Ideas Agency Limited

Annual Report and Unaudited Financial Statements

Pages for filing with the Registrar

for the Year Ended 31 October 2024

 

Integrated Ideas Agency Limited

Contents

Company Information

1

Accountants' Report

2

Balance Sheet

3 to 4

Statement of Changes in Equity

5

Notes to the Unaudited Financial Statements

6 to 11

 

Integrated Ideas Agency Limited

Company Information

Director

Miss J L Grant

Registered office

Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

Accountants

Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

 

Chartered Certified Accountants' Report to the Director on the Preparation of the Unaudited Statutory Accounts of
Integrated Ideas Agency Limited
for the Year Ended 31 October 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Integrated Ideas Agency Limited for the year ended 31 October 2024 as set out on pages 3 to 11 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at
http://www.accaglobal.com/gb/en/member/professional-standards/rules-standards/acca-rulebook.html.

This report is made solely to the Board of Directors of Integrated Ideas Agency Limited, as a body, in accordance with the terms of our engagement letter dated 11 February 2025. Our work has been undertaken solely to prepare for your approval the accounts of Integrated Ideas Agency Limited and state those matters that we have agreed to state to the Board of Directors of Integrated Ideas Agency Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Integrated Ideas Agency Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Integrated Ideas Agency Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Integrated Ideas Agency Limited. You consider that Integrated Ideas Agency Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Integrated Ideas Agency Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Oxlade & Bond Limited
Chartered Certified Accountants
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT

11 February 2025

 

Integrated Ideas Agency Limited

(Registration number: 08734865)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

2,646

1,848

Current assets

 

Debtors

5

58,084

40,506

Cash at bank and in hand

 

24,131

44,219

 

82,215

84,725

Creditors: Amounts falling due within one year

6

(28,427)

(32,201)

Net current assets

 

53,788

52,524

Total assets less current liabilities

 

56,434

54,372

Provisions for liabilities (deferred taxation)

(530)

(410)

Net assets

 

55,904

53,962

Capital and reserves

 

Called up share capital

10

10

Retained earnings

55,894

53,952

Shareholders' funds

 

55,904

53,962

 

Integrated Ideas Agency Limited

(Registration number: 08734865)
Balance Sheet as at 31 October 2024

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 February 2025
 

.........................................
Miss J L Grant
Director

 

Integrated Ideas Agency Limited

Statement of Changes in Equity for the Year Ended 31 October 2024

Called up share capital
£

Profit and loss account
£

Total equity
£

At 1 November 2023

10

53,952

53,962

Profit for the year

-

42,327

42,327

Total comprehensive income

-

42,327

42,327

Dividends

-

(40,385)

(40,385)

At 31 October 2024

10

55,894

55,904

Called up share capital
£

Profit and loss account
£

Total equity
£

At 1 November 2022

10

32,593

32,603

Profit for the year

-

59,059

59,059

Total comprehensive income

-

59,059

59,059

Dividends

-

(37,700)

(37,700)

At 31 October 2023

10

53,952

53,962

 

Integrated Ideas Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

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

The address of its registered office is:
Unit 14, Riduna Park
Station Road
Melton
Woodbridge
Suffolk
IP12 1QT
United Kingdom

The principal place of business is:
Marine House
Tide Mill Way
Woodbridge
Suffolk
IP12 1AP
United Kingdom

These financial statements were authorised for issue by the director on 11 February 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 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 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.

The financial statements are prepared in £ sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

 

Integrated Ideas Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the 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.

Foreign currency transactions and balances

Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

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

25% reducing balance

Computer equipment

36 months straight line

 

Integrated Ideas Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 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 debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

 

Integrated Ideas Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found an impairment loss is recognised in the profit and loss.

Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.


3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 4 (2023 - 3).

 

Integrated Ideas Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Tangible assets

Office equipment
£

Computer equipment
 £

Total
£

Cost

At 1 November 2023

1,432

7,793

9,225

Additions

-

1,639

1,639

At 31 October 2024

1,432

9,432

10,864

Depreciation

At 1 November 2023

1,104

6,273

7,377

Charge for the year

82

759

841

At 31 October 2024

1,186

7,032

8,218

Carrying amount

At 31 October 2024

246

2,400

2,646

At 31 October 2023

328

1,520

1,848

5

Debtors

2024
£

2023
£

Trade debtors

55,809

35,068

Prepayments

2,240

5,369

Other debtors

35

69

58,084

40,506

 

Integrated Ideas Agency Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

2,189

5,777

Taxation and social security

15,328

18,076

Accruals and deferred income

8,384

6,635

Other creditors

2,526

1,713

28,427

32,201

7

Reserves

The profit and loss reserves of the company are fully distributable.

8

Dividends

2024

2023

£

£

Interim dividend of £4,038.50 (2023 - £3,770.00) per ordinary share

40,385

37,700

 

 

9

Financial commitments, guarantees and contingencies

Amounts not provided for in the balance sheet

The total amount of financial commitments not included in the balance sheet is £61,250 (2023 - £75,000). The commitments not included in the balance sheet relate to the operating lease commitments in respect of the total rent payable by the company to the end of the current lease on the premises which they operate from.

10

Related party transactions

Other transactions with directors

Included in other creditors at the 31st October 2024 is an amount of £703 (2023 - £392) owed to the director Miss J Grant. This is in respect of expenses paid personally by the director not reimbursed to her by the company at the year end.

This is an interest free loan to the company.