Registered number
12344266
The Ideas Man Ltd
Filleted Accounts
31 December 2024
The Ideas Man Ltd
Registered number: 12344266
Balance Sheet
as at 31 December 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,933 786
Current assets
Debtors 4 24 24
Cash at bank and in hand 5 27
29 51
Creditors: amounts falling due within one year 5 (14,890) (9,726)
Net current liabilities (14,861) (9,675)
Total assets less current liabilities (12,928) (8,889)
Creditors: amounts falling due after more than one year 6 (1,608) (1,667)
Net liabilities (14,536) (10,556)
Capital and reserves
Called up share capital 1 1
Profit and loss account (14,537) (10,557)
Shareholder's funds (14,536) (10,556)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Barrie Paul Tudor
Director
Approved by the board on 31 March 2025
The Ideas Man Ltd
Notes to the Accounts
for the year ended 31 December 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 January 2024 1,048
Additions 1,879
At 31 December 2024 2,927
Depreciation
At 1 January 2024 262
Charge for the year 732
At 31 December 2024 994
Net book value
At 31 December 2024 1,933
At 31 December 2023 786
4 Debtors 2024 2023
£ £
Trade debtors 24 24
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 900 900
Trade creditors - 2
Other creditors 13,990 8,824
14,890 9,726
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 1,608 1,667
7 Other information
The Ideas Man Ltd is a private company limited by shares and incorporated in England. Its registered office is:
255 Poulton Road
Wallasey
Wirral
Merseyside
CH44 4BT
The Ideas Man Ltd 12344266 false 2024-01-01 2024-12-31 2024-12-31 VT Final Accounts April 2025 Barrie Paul Tudor No description of principal activity 12344266 2023-01-01 2023-12-31 12344266 core:WithinOneYear 2023-12-31 12344266 core:AfterOneYear 2023-12-31 12344266 core:ShareCapital 2023-12-31 12344266 core:RetainedEarningsAccumulatedLosses 2023-12-31 12344266 2024-01-01 2024-12-31 12344266 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 12344266 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 12344266 bus:Director40 2024-01-01 2024-12-31 12344266 2 2024-01-01 2024-12-31 12344266 core:PlantMachinery 2024-01-01 2024-12-31 12344266 countries:England 2024-01-01 2024-12-31 12344266 bus:FRS102 2024-01-01 2024-12-31 12344266 bus:FilletedAccounts 2024-01-01 2024-12-31 12344266 2024-12-31 12344266 core:WithinOneYear 2024-12-31 12344266 core:AfterOneYear 2024-12-31 12344266 core:ShareCapital 2024-12-31 12344266 core:RetainedEarningsAccumulatedLosses 2024-12-31 12344266 core:PlantMachinery 2024-12-31 12344266 2023-12-31 12344266 core:PlantMachinery 2023-12-31 iso4217:GBP xbrli:pure