Idea Cellar Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 10224054

Idea Cellar Limited

Filleted Unaudited Financial Statements

30 June 2025

Idea Cellar Limited

Statement of Financial Position

30 June 2025

	2025	2024
Note	£	£

Fixed assets

Tangible assets	5	6,581	10,064

Current assets

Debtors	6	540	640
Cash at bank and in hand		39,867	40,899
		--------	--------
		40,407	41,539

Creditors: amounts falling due within one year	7	2,193	1,788
		--------	--------
Net current assets		38,214	39,751
		--------	--------
Total assets less current liabilities		44,795	49,815

Provisions	644	1,503
	--------	--------
Net assets	44,151	48,312
	--------	--------

Capital and reserves

Called up share capital	100	100
Profit and loss account	44,051	48,212
	--------	--------
Shareholders funds	44,151	48,312
	--------	--------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.

For the year ending 30 June 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

Idea Cellar Limited

Statement of Financial Position (continued)

30 June 2025

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

M Peel
Director

Company registration number: 10224054

Idea Cellar Limited

Notes to the Financial Statements

Year ended 30 June 2025

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 40 Kimbolton Road, Bedford, MK40 2NR.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Motor vehicles	-	25% reducing balance
Equipment	-	33% straight line

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost.

4. Employee numbers

The average number of persons employed by the company during the year amounted to 1 (2024: 1 ).

5. Tangible assets

	Motor vehicles	Equipment	Total
	£	£	£
Cost
At 1 July 2024	16,607	36,870	53,477
Additions	–	965	965
	--------	--------	--------
At 30 June 2025	16,607	37,835	54,442
	--------	--------	--------
Depreciation
At 1 July 2024	10,491	32,922	43,413
Charge for the year	1,530	2,918	4,448
	--------	--------	--------
At 30 June 2025	12,021	35,840	47,861
	--------	--------	--------
Carrying amount
At 30 June 2025	4,586	1,995	6,581
	--------	--------	--------
At 30 June 2024	6,116	3,948	10,064
	--------	--------	--------

6. Debtors

	2025	2024
	£	£
Other debtors	540	640
	----	----

7. Creditors: amounts falling due within one year

	2025	2024
	£	£
Trade creditors	–	32
Other creditors	2,193	1,756
	-------	-------
	2,193	1,788
	-------	-------