Idea Junkies Ltd
Company No. 13851834
Information for Filing with The Registrar
31 January 2026
Idea Junkies Ltd

Directors Report Registrar
The Director presents her report and the accounts for the year ended 31 January 2026.
Principal activities
The principal activity of the company during the year under review was marketing and advertising.
-
Director
The Director who served at any time during the year was as follows:
L.Richards
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006.
Signed on behalf of the board
L.Richards
Director
06 July 2026
Idea Junkies Ltd

Balance Sheet Registrar
at31 January 2026
Company No.13851834Notes20262025
££
Fixed assets
Tangible assets5-449
-449
Current assets
Debtors61,9822,299
Investments7--
Cash at bank and in hand33,5464,876
35,5287,175
Creditors: Amount falling due within one year8
(10,553)
(449)
Net current assets24,9756,726
Total assets less current liabilities24,9757,175
Creditors: Amounts falling due after more than one year9
(25,000)
(9,196)
Net liabilities
(25)
(2,021)
Capital and reserves
Called up share capital11
Profit and loss account11
(26)
(2,022)
Total equity
(25)
(2,021)
These accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime of the Companies Act 2006.
For the year ended 31 January 2026 the company was entitled to exemption from audit 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account.
Approved by the board on 06 July 2026 and signed on its behalf by:
L.Richards
Director
06 July 2026
Idea Junkies Ltd

Notes to the Accounts Registrar
for the year ended 31 January 2026
1General information
Idea Junkies Ltd is a private company limited by shares and incorporated in England and Wales.
Its registered number is: 13851834
Its registered office is:
7 Lansdowne Terrace
GOSFORTH
NEWCASTLE UPON TYNE
NE3 1HN
The accounts have been prepared in accordance and comply with FRS 102 and Section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
2Accounting policies
Revenue recognition
Turnover represents amounts receivable for goods and services provided in the normal course of business, net of Value Added Tax (VAT), trade discounts, and other similar allowances.Revenue from the sale of goods is recognized when the significant risks and rewards of ownership have been transferred to the buyer. Revenue from the rendering of services is recognized by reference to the stage of completion of the transaction at the end of the reporting period.
Intangible fixed assets
Intangible fixed assets are carried at cost less accumulated amortisation and impairment losses.
Tangible fixed assets and depreciation
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses. At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss.
Depreciation is provided at the following annual rates in order to write off the cost or valuation less the estimated residual value of each asset over its estimated useful life:
Leased assets
Leases are recognized on the balance sheet as a Right-of-Use (ROU) asset and a corresponding lease liability. The liability is initially measured at the present value of future lease payments. Subsequently, the ROU asset is depreciated, and the liability is reduced using the effective interest method
Research and development costs
Expenditure on research and development is written off in the year it is incurred unless it meets the criteria to allow it to be capitalised. Costs of research are always written off in the year in which they are incurred. Where development costs are recognised as an asset, they are amortised over the period expected to benefit from them. Amortisation of the capitalised costs begins once the developed product comes into use, typically at rate of 33.33% straight line.
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 profit and loss account 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 temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary 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. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
Freehold investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through the profit and loss account. No depreciation is provided in respect of investment properties.
Investments
Unlisted investments (except those held as subsidiaries, associates or joint ventures) are recognised initially at fair value less attributable transaction costs. Subsequent to initial recognition, any changes in fair value are recognised in profit and loss.
Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of inventories recognised as an expense in the period in which the reversal occurs. Work in progress is reflected in the accounts on a contract by contract basis by recording revenue and related costs as contract activity progresses.
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.
Trade and other 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.
Foreign currencies
The functional and presentational currency of the company is Sterling. The accounts are rounded to the nearest pound.
Transactions in currencies, other than the functional currency of the Company, are recorded at the rate of exchange on the date the transaction occurred. Monetary items denominated in other currencies are translated at the rate prevailing at the end of the reporting period. All differences are taken to the profit and loss account. Non-monetary items that are measured at historic cost in a foreign currency are not retranslated.
Employee benefits
Provisions
Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet.
3Employees
20262025
NumberNumber
The average monthly number of employees (including directors) during the year was:22
4Taxation
(a) Tax on profit on ordinary activities20262025
The tax charge is made up as follows:££
UK corporation tax
Charge for the period738224
Total corporation tax738.00224.00
Tax on profit on ordinary activities738224
(b) Factors affecting the total tax charge for the period
The tax assessed for the year is higher than the standard rate of corporation tax in the UK. The differences are reconciled below:
Higher20262025
738££
Profit on ordinary activities before tax3,4342,588
Profit on ordinary activities multiplied by standard rate of corporation tax in the United Kingdom--
Expenses not deductible for tax purposes738224
Tax on profit on ordinary activities738224
5Tangible fixed assets
Land and buildingsPlant and machineryMotor vehiclesFixtures, fittings and equipmentTotal
£££££
Cost or revaluation
At 1 February 2025---1,3491,349
At 31 January 2026---1,3491,349
Depreciation
At 1 February 2025---900900
Charge for the year---449449
At 31 January 2026---1,3491,349
Net book values
At 31 January 2025---449449
6Debtors
20262025
££
Trade debtors1,8652,299
Other debtors117-
1,9822,299
7Current asset investments
8Creditors:
amounts falling due within one year
20262025
££
Trade creditors341-
Taxes and social security1,863350
Loans from directors8,31199
Other creditors38-
10,553449
9Creditors:
amounts falling due after more than one year
20262025
££
Other loans25,0009,196
25,0009,196
10Share Capital
Share capital fully paid
11Reserves
Revaluation ReserveCapital redemption reserveTotal other reserves
£££
Profit and loss account - includes all current and prior period retained profits and losses.
12Dividends
20262025
££
Dividends for the period:
Dividends paid in the period7005,300
7005,300
Dividends by type:
Equity dividends7005,300
7005,300
13Transition to FRS 102
The impact from the transition to FRS 102 is as follows:
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