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Registered number: 07287874
Ibis Ideas Limited
Financial Statements
For The Year Ended 31 March 2025
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—5
Page 1
Balance Sheet
Registered number: 07287874
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 3,879 1,508
Investments 5 256 256
4,135 1,764
CURRENT ASSETS
Debtors 6 49,698 66,359
Cash at bank and in hand 57,086 33,135
106,784 99,494
Creditors: Amounts Falling Due Within One Year 7 (109,664 ) (99,202 )
NET CURRENT ASSETS (LIABILITIES) (2,880 ) 292
TOTAL ASSETS LESS CURRENT LIABILITIES 1,255 2,056
PROVISIONS FOR LIABILITIES
Deferred Taxation 8 (970 ) (1,109 )
NET ASSETS 285 947
CAPITAL AND RESERVES
Called up share capital 9 100 100
Profit and Loss Account 185 847
SHAREHOLDERS' FUNDS 285 947
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Page 2
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 member has 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms Joanna Keeling
Director
16/07/2025
The notes on pages 3 to 5 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Ibis Ideas Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07287874 . The registered office is 124 City Road, London, EC1V 2NX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 rendering of services. 
Rendering of services
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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Fixtures & Fittings 20% Straight Line
Computer Equipment 33.3% Straight Line
2.4. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.5. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
2.6. Pensions
The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.
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Page 4
2.7. Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment
losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the
value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses.
Changes in fair value are included in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2024: 2)
2 2
4. Tangible Assets
Fixtures & Fittings Computer Equipment Total
£ £ £
Cost
As at 1 April 2024 2,845 8,798 11,643
Additions 543 3,312 3,855
Disposals - (6,687 ) (6,687 )
As at 31 March 2025 3,388 5,423 8,811
Depreciation
As at 1 April 2024 2,589 7,546 10,135
Provided during the period 290 1,194 1,484
Disposals - (6,687 ) (6,687 )
As at 31 March 2025 2,879 2,053 4,932
Net Book Value
As at 31 March 2025 509 3,370 3,879
As at 1 April 2024 256 1,252 1,508
5. Investments
Unlisted
£
Cost
As at 1 April 2024 256
As at 31 March 2025 256
Provision
As at 1 April 2024 -
As at 31 March 2025 -
Net Book Value
As at 31 March 2025 256
As at 1 April 2024 256
Investments represents the cost of shares purchased in Raylo Group Limited, company number 11554120.
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6. Debtors
2025 2024
£ £
Due within one year
Trade debtors 40,464 43,159
Prepayments and accrued income 1,723 1,618
Other debtors 1,895 5,110
Director's loan account 5,616 16,472
49,698 66,359
7. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Trade creditors 2,759 1,051
Corporation tax 86,474 70,546
Other taxes and social security - 3,874
VAT 20,174 23,314
Other creditors 257 -
Accruals and deferred income - 417
109,664 99,202
8. Deferred Taxation
The provision for deferred tax is made up as follows:
2025 2024
£ £
Accelerated capital allowances 970 1,109
9. Share Capital
2025 2024
£ £
Allotted, Called up and fully paid 100 100
10. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors: 
As at 1 April 2024 Amounts advanced Amounts repaid Amounts written off As at 31 March 2025
£ £ £ £ £
Ms Joanna Keeling 16,472 5,616 (16,472 ) - 5,616
The above loan is unsecured, interest free and repayable on demand.
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