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Company Registration No. 11912845 (England and Wales)
Open Minds IOW Ltd Unaudited accounts for the year ended 31 March 2025
Open Minds IOW Ltd Unaudited accounts Contents
Page
Company information
3
Accountants' report
4
Statement of financial position
5
Notes to the accounts
6
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Open Minds IOW Ltd Company Information for the year ended 31 March 2025
Director
Rebecca-Leigh Higgin
Company Number
11912845 (England and Wales)
Registered Office
12 LOWER BETTESWORTH ROAD RYDE ISLE OF WIGHT PO33 3EL ENGLAND
Accountants
Amy Newnham A N Accounting 36 Stephenson Road Cowes Isle of Wight PO31 7PP
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Open Minds IOW Ltd Accountants' report
Accountants' report to the director of Open Minds IOW Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 31 March 2025.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 31 March 2025. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
Amy Newnham A N Accounting 36 Stephenson Road Cowes Isle of Wight PO31 7PP 2 June 2025
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Open Minds IOW Ltd Statement of financial position as at 31 March 2025
2025
2024
Notes
£
£
Fixed assets
Tangible assets
4
16,645
7,817
Current assets
Debtors
5
45,681
26,370
Cash at bank and in hand
9,231
16,578
54,912
42,948
Creditors: amounts falling due within one year
6
(9,331)
(1,545)
Net current assets
45,581
41,403
Net assets
62,226
49,220
Capital and reserves
Called up share capital
1
1
Profit and loss account
62,225
49,219
Shareholders' funds
62,226
49,220
For the year ending 31 March 2025 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 June 2025 and were signed on its behalf by
Rebecca-Leigh Higgin Director Company Registration No. 11912845
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Open Minds IOW Ltd Notes to the Accounts for the year ended 31 March 2025
1
Statutory information
Open Minds IOW Ltd is a private company, limited by shares, registered in England and Wales, registration number 11912845. The registered office is 12 LOWER BETTESWORTH ROAD, RYDE, ISLE OF WIGHT, PO33 3EL, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% reducing balance
Motor vehicles
15% reducing balance
4
Tangible fixed assets
Plant & machinery
Motor vehicles
Total
£
£
£
Cost or valuation
At cost
At cost
At 1 April 2024
2,700
10,670
13,370
Additions
-
10,000
10,000
At 31 March 2025
2,700
20,670
23,370
Depreciation
At 1 April 2024
1,199
4,354
5,553
Charge for the year
225
947
1,172
At 31 March 2025
1,424
5,301
6,725
Net book value
At 31 March 2025
1,276
15,369
16,645
At 31 March 2024
1,501
6,316
7,817
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Open Minds IOW Ltd Notes to the Accounts for the year ended 31 March 2025
5
Debtors
2025
2024
£
£
Amounts falling due within one year
Trade debtors
43,396
26,370
Other debtors
2,285
-
45,681
26,370
6
Creditors: amounts falling due within one year
2025
2024
£
£
Taxes and social security
9,331
1,545
7
Average number of employees
During the year the average number of employees was 6 (2024: 6).
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