ACCOUNTS - Final Accounts preparation

Registered number: 12892703

IDEOTECH LTD

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 SEPTEMBER 2025

IDEOTECH LTD

REGISTERED NUMBER: 12892703

BALANCE SHEET

AS AT 30 SEPTEMBER 2025

		2025		2024
Note		£		£

Fixed assets
Tangible assets	4		7,598		4,991
			7,598		4,991
Current assets
Debtors: amounts falling due within one year	5	22,245,248		4,149,372
Cash at bank and in hand	6	721,082		1,211,964
		22,966,330		5,361,336
Creditors: amounts falling due within one year	7	(22,976,656)		(757,709)
Net current (liabilities)/assets			(10,326)		4,603,627
Total assets less current liabilities			(2,728)		4,608,618
Creditors: amounts falling due after more than one year	8		-		(6,127,335)

Net liabilities			(2,728)		(1,518,717)

Capital and reserves
Called up share capital	1	1
Profit and loss account	(2,729)	(1,518,718)
	(2,728)	(1,518,717)

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The Company's financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 1 May 2026.

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IDEOTECH LTD

REGISTERED NUMBER: 12892703

BALANCE SHEET (CONTINUED)

AS AT 30 SEPTEMBER 2025

SI, Haifeng

Director

The notes on pages 5 to 8 form part of these financial statements.

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		IDEOTECH LTD

STATEMENT OF CHANGES IN EQUITY

FOR THE YEAR ENDED 30 SEPTEMBER 2025

	Called up share capital	Profit and loss account	Total equity
	£	£	£
At 1 October 2023	1	(1,290)	(1,289)
Comprehensive income for the year
Loss for the year	-	(1,517,428)	(1,517,428)
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	(1,517,428)	(1,517,428)
Total transactions with owners	-	-	-

At 1 October 2024	1	(1,518,718)	(1,518,717)
Comprehensive income for the year
Profit for the year	-	1,515,989	1,515,989
Other comprehensive income for the year	-	-	-
Total comprehensive income for the year	-	1,515,989	1,515,989
Total transactions with owners	-	-	-
At 30 September 2025	1	(2,729)	(2,728)

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		IDEOTECH LTD

STATEMENT OF CHANGES IN EQUITY (CONTINUED)

FOR THE YEAR ENDED 30 SEPTEMBER 2025

The notes on pages 5 to 8 form part of these financial statements.

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IDEOTECH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

1.	General information

Ideotech Ltd is a private company, limited by shares, registered in England and Wales, registration number 12892703. The registered office is Ideotech Ltd, 85 Great Portland Street, First Floor, London, London, W1W 7LT, England.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies.

The following principal accounting policies have been applied:

2.2

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:

∙the Company has transferred the significant risks and rewards of ownership to the buyer;

∙the Company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the transaction; and

∙the costs incurred or to be incurred in respect of the transaction can be measured reliably.

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IDEOTECH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.4

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Balance sheet. The assets of the plan are held separately from the Company in independently administered funds.

2.6

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

2.7

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

10%

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

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IDEOTECH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

2.Accounting policies (continued)

2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.9

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Employees

The average monthly number of employees, including the director, during the year was as follows:

	2025	2024
	No.	No.

Employees	4	1

4.	Tangible fixed assets

		Office equipment
		£
	Cost or valuation
	At 1 October 2024	4,991
	Additions	2,607
	At 30 September 2025	7,598

	Net book value
	At 30 September 2025	7,598
	At 30 September 2024	4,991

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IDEOTECH LTD

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2025

Debtors

					2025	2024
					£	£


Trade debtors	19,273,465	4,149,372
Other debtors	2,856	-
Prepayments and accrued income	2,968,927	-
	22,245,248	4,149,372

6.	Cash and cash equivalents
		2025	2024
		£	£

Cash at bank and in hand	721,082	1,211,964
	721,082	1,211,964

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Trade creditors	22,333,741	2,143
Corporation tax	2,590	-
Other taxation and social security	639,783	755,566
Other creditors	542	-
	22,976,656	757,709

8.	Creditors: Amounts falling due after more than one year
		2025	2024
		£	£

Trade creditors	-	6,127,335
	-	6,127,335

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