Company No: 06458531 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTORS	G Box
	D Brown
	R Matthews
	N Rich
	S Tupper

SECRETARY

R Matthews

REGISTERED OFFICE	Richmond Place
	15 Petersham Road
	Richmond
	TW10 6TP
	United Kingdom

COMPANY NUMBER

06458531 (England and Wales)

ACCOUNTANT	Shaw Gibbs Limited
	Wey Court West
	Union Road
	Farnham
	Surrey
	GU9 7PT

	Note	2025		2024
		£		£
Fixed assets
Intangible assets	3	53,400		80,100
Tangible assets	4	77,211		88,633
		130,611		168,733
Current assets
Stocks	5	5,355		1,490
Debtors
- due within one year	6	229,097		184,122
- due after more than one year	6	30,837		30,837
Cash at bank and in hand		193,082		134,220
		458,371		350,669
Creditors: amounts falling due within one year	7	( 396,612)		( 376,482)
Net current assets/(liabilities)		61,759		(25,813)
Total assets less current liabilities		192,370		142,920
Creditors: amounts falling due after more than one year	8	( 24,046)		( 29,949)
Provision for liabilities	9	( 13,149)		( 14,502)
Net assets		155,175		98,469
Capital and reserves
Called-up share capital	10	100		100
Profit and loss account		155,075		98,369
Total shareholders' funds		155,175		98,469

For the financial year ending 31 December 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

• The members have not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Initiatives In Design Limited (registered number: 06458531) were approved and authorised for issue by the Board of Directors on 27 April 2026. They were signed on its behalf by:

N Rich Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Initiatives In Design Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The registered number is 06458531 and the address of the Company's registered office is Richmond Place, 15 Petersham Road, Richmond, Surrey, TW10 6TP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the supply of services represents the value of services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable. Where a contract has only been partially completed at the Balance Sheet date turnover represents the fair value of the service provided to date based on the stage of completion of the contract activity at the Balance Sheet date. Where payments are received from customers in advance of services provided, the amounts are recorded as deferred income and included as part of creditors due within one year.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Taxation

Current tax
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Intangible assets

Intangible assets are stated at cost or valuation, net of amortisation and any provision for impairment. Amortisation is provided on all intangible assets at rates to write off the cost or valuation of each asset over its expected useful life as follows:

Goodwill

20 years straight line

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Leasehold improvements	depreciated over the life of the lease
Plant and machinery	5 years straight line
Fixtures and fittings	6.7 years straight line
Computer equipment	4 years straight line
Other property, plant and equipment	1 years straight line

Depreciation methods, useful lives and residual values are reviewed at each balance sheet date. The selection of these residual values and estimated lives requires the exercise of judgement. The directors are required to assess whether there is an indication of impairment to the carrying value of assets. In making that assessment, judgements are made in estimating value in use. The directors consider that the individual carrying values of assets are supportable by their value in use.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Leases

The Company as lessee
Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.

Stocks

Work in progress is valued at lower of cost and net realisable value. Cost includes all direct costs.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Provisions

Provisions are recognised when the Company has a present obligation (legal or constructive) as a result of a past event, it is probable that the Company will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the Balance Sheet date, taking into account the risks and uncertainties surrounding the obligation. Where a provision is measured using the cash flows estimated to settle the present obligation, its carrying amount is the present value of those cash flows (when the effect of the time value of money is material).

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including directors	20		18

3. Intangible assets

	Goodwill		Total
	£		£
Cost
At 01 January 2025	534,000		534,000
At 31 December 2025	534,000		534,000
Accumulated amortisation
At 01 January 2025	453,900		453,900
Charge for the financial year	26,700		26,700
At 31 December 2025	480,600		480,600
Net book value
At 31 December 2025	53,400		53,400
At 31 December 2024	80,100		80,100

4. Tangible assets

	Leasehold improve- ments		Plant and machinery		Fixtures and fittings		Computer equipment		Other property, plant and equipment		Total
	£		£		£		£		£		£
Cost
At 01 January 2025	135,127		13,839		28,373		83,621		2,177		263,137
Additions	0		1,056		0		8,189		5,297		14,542
Disposals	0		0		0		( 7,962)		( 1,344)		( 9,306)
At 31 December 2025	135,127		14,895		28,373		83,848		6,130		268,373
Accumulated depreciation
At 01 January 2025	66,438		11,705		28,254		65,930		2,177		174,504
Charge for the financial year	13,513		934		26		9,343		2,148		25,964
Disposals	0		0		0		( 7,962)		( 1,344)		( 9,306)
At 31 December 2025	79,951		12,639		28,280		67,311		2,981		191,162
Net book value
At 31 December 2025	55,176		2,256		93		16,537		3,149		77,211
At 31 December 2024	68,689		2,134		119		17,691		0		88,633

5. Stocks

	2025		2024
	£		£
Work in progress	5,355		1,490

6. Debtors

	2025		2024
	£		£
Debtors: amounts falling due within one year
Trade debtors	172,159		138,733
Prepayments	56,938		45,389
	229,097		184,122
Debtors: amounts falling due after more than one year
Other debtors	30,837		30,837

7. Creditors: amounts falling due within one year

	2025		2024
	£		£
Bank loans	5,900		5,754
Trade creditors	45,409		22,472
Amounts owed to directors	68,062		98,966
Accruals	89,852		105,754
Corporation tax	120,212		86,094
Other taxation and social security	67,177		57,442
	396,612		376,482

8. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	24,046		29,949

There are no amounts included above in respect of which any security has been given by the small entity.

9. Provision for liabilities

	Deferred taxation		Total
	£		£
At 01 January 2025	14,502		14,502
Credited to the Statement of Income and Retained Earnings	( 1,353)		( 1,353)
At 31 December 2025	13,149		13,149

Deferred tax

	2025		2024
	£		£
Accelerated capital allowances	13,149		14,502
Provision for deferred tax	13,149		14,502

10. Called-up share capital

	2025		2024
	£		£
Allotted, called-up and fully-paid
30 Ordinary shares of £ 1.00 each	30		30
30 A Ordinary shares of £ 1.00 each	30		30
30 B Ordinary shares of £ 1.00 each	30		30
5 C Ordinary shares of £ 1.00 each	5		5
5 D Ordinary shares of £ 1.00 each	5		5
	100		100

11. Financial commitments

Commitments

Total future minimum lease payments under non-cancellable operating leases are as follows:

	2025		2024
	£		£
within one year	104,789		104,789
between one and five years	305,635		410,424
Total future minimum lease payments under non-cancellable operating leases	410,424		515,213