IDEAS THAT WORK LIMITED


Director	KAUR, Daljeet


Registered Address	First Floor
	2 Hampton Court Road
	Birmingham
	B17 9AE


Registered Number	09662695 (England and Wales)

Balance Sheet as at
31 December 2024

	Notes	2024		2023
		£	£	£	£
Fixed assets
Intangible assets	3		200		300
Tangible assets	4		1,313		1,901
			1,513		2,201
Current assets
Debtors	5	22,734		23,615
Cash at bank and on hand		81,548		93,000
		104,282		116,615
Creditors amounts falling due within one year	6	(12,567)		(19,699)
Net current assets (liabilities)			91,715		96,916
Total assets less current liabilities			93,228		99,117
Creditors amounts falling due after one year	7		(32,788)		(38,368)
Provisions for liabilities	8		-		(361)
Net assets			60,440		60,388
Capital and reserves
Called up share capital			2		2
Profit and loss account			60,438		60,386
Shareholders' funds			60,440		60,388

The company was entitled to exemption from audit for this reporting period 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The directors have chosen to not file a copy of the company’s profit and loss account under section 444 (5A) Companies Act 2006.

The financial statements were approved and authorised for issue by the Director on 25 September 2025, and are signed on its behalf by:

KAUR, Daljeet
Director
Registered Company No. 09662695

IDEAS THAT WORK LIMITED

Notes to the Financial Statements
for the year ended 31 December 2024

1.	Accounting policies

	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

	Statement of compliance
	The financial statements have been prepared in accordance with the Companies Act 2006 and FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland including Section 1A Small Entities.

	Revenue from sale of goods
	Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

Revenue from sale of goods

Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.

	Employee benefits
	Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

Employee benefits

Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.

	Deferred tax
	Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

Deferred tax

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Intangible assets
	Intangible assets are stated at cost less accumulated amortisation and accumulated impairment losses. The assets are reviewed for impairment if the above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account.

	Tangible fixed assets and depreciation
	All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:

Tangible fixed assets and depreciation

All fixed assets are initially recorded at cost. Property, plant and equipment is used in the company's principal activity for the production and supply of goods or for administrative purposes and is stated in the balance sheet under the historic cost model. This model requires the assets to be stated at cost less amounts in respect of depreciation and less any accumulated impairment losses. Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value (which is the expected amount that would currently be obtained from disposal of an asset, after deducting the estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life), over the useful economic life of the respective asset as follows:


		Straight line (years)
	Office Equipment	4

2.	Average number of employees


		2024		2023
	Average number of employees during the year	1		1

3.	Intangible assets

	Other	Total
	£	£
Cost or valuation
At 01 January 24	1,000	1,000
At 31 December 24	1,000	1,000
Amortisation and impairment
At 01 January 24	700	700
Charge for year	100	100
At 31 December 24	800	800
Net book value
At 31 December 24	200	200
At 31 December 23	300	300

4.	Tangible fixed assets

	Office Equipment	Total
	£	£
Cost or valuation
At 01 January 24	14,795	14,795
Additions	324	324
At 31 December 24	15,119	15,119
Depreciation and impairment
At 01 January 24	12,894	12,894
Charge for year	912	912
At 31 December 24	13,806	13,806
Net book value
At 31 December 24	1,313	1,313
At 31 December 23	1,901	1,901

5.	Debtors: amounts due within one year

	2024	2023
	£	£
Trade debtors / trade receivables	18,204	15,615
Other debtors	4,120	4,120
Prepayments and accrued income	410	3,880
Total	22,734	23,615

6.	Creditors: amounts due within one year

	2024	2023
	£	£
Trade creditors / trade payables	6,653	5,673
Bank borrowings and overdrafts	74	5,856
Taxation and social security	4,238	6,904
Accrued liabilities and deferred income	1,602	1,266
Total	12,567	19,699

7.	Creditors: amounts due after one year

	2024	2023
	£	£
Bank borrowings and overdrafts	32,788	38,368
Total	32,788	38,368

8.	Provisions for liabilities

	2024	2023
	£	£
Net deferred tax liability (asset)	-	361
Total	-	361

9.	Share capital
	1 Ordinary Share and 1 A Share, allocated, called up and fully paid.

10.	Related party transactions
	Loan to JJS Corporate Limited a company owned by D Kaur of £4,120.03.