Ida Legends Ltd Filleted Accounts Cover
Ida Legends Ltd
Company No. SC779559
Information for Filing with The Registrar
31 August 2024
Ida Legends Ltd Directors Report Registrar
The Director presents his report and the accounts for the period ended 31 August 2024.
Principal activities
The principal activity of the company during the period under review was retail and online sale of watches and jewellery in specialised stores.
Director
The Director who served at any time during the period was as follows:
Y.E. Yildirim
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
Y.E. Yildirim
Director
14 May 2025
Ida Legends Ltd Balance Sheet Registrar
at
31 August 2024
Company No.
SC779559
Notes
2024
£
Fixed assets
Tangible assets
4
2,165
2,165
Current assets
Stocks
5
9,777
Cash at bank and in hand
3,582
13,359
Creditors: Amount falling due within one year
6
(47,326)
Net current liabilities
(33,967)
Total assets less current liabilities
(31,802)
Net liabilities
(31,802)
Capital and reserves
Profit and loss account
8
(31,802)
Total equity
(31,802)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the period ended 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 14 May 2025 and signed on its behalf by:
Y.E. Yildirim
Director
14 May 2025
Ida Legends Ltd Notes to the Accounts Registrar
for the period ended 31 August 2024
1
General information
Ida Legends Ltd is a private company limited by shares and incorporated in Scotland.
Its registered number is: SC779559
Its registered office is:
3 Walker Street
Edinburgh
Scotland
EH3 7JY
The accounts have been prepared in accordance with FRS 102 Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2
Accounting policies
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Plant and machinery
20% Straight line
Furniture, fittings and equipment
33.33% Straight line
3
Employees
2024
Number
The average monthly number of employees (including directors) during the period:
2
4
Tangible fixed assets
Plant and machinery
Fixtures, fittings and equipment
Total
£
£
£
Cost or revaluation
Additions
2,0936862,779
At 31 August 2024
2,0936862,779
Depreciation
Charge for the year
412202614
At 31 August 2024
412202614
Net book values
At 31 August 2024
1,6814842,165
5
Stocks
2024
£
Raw materials and consumables
9,777
9,777
6
Creditors:
amounts falling due within one year
2024
£
Trade creditors
10,278
Loans from directors
36,000
Other creditors
1,048
47,326
7
Share Capital
100 ordinary shares at £1 fully paid.
8
Reserves
Profit and loss account - includes all current and prior period retained profits and losses.
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