REGISTERED NUMBER: 03265758 (England and Wales)

FINANCIAL STATEMENTS

FOR THE PERIOD

1 OCTOBER 2024 TO 31 DECEMBER 2025

FOR

IDEAS BY DESIGN LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

A J W Kitching

D R Pooley

C M Broome

J E Crone

REGISTERED OFFICE:

Unit 3

Titan Business Centre

Spartan Close

Warwick

Warwickshire

CV34 6RR

REGISTERED NUMBER:

03265758 (England and Wales)

AUDITORS:

Luckmans Duckett Parker Limited

Chartered Accountants

Statutory Auditors

1110 Elliott Court

Herald Avenue

Coventry Business Park

Coventry

West Midlands

CV5 6UB

FIXED ASSETS

Intangible assets

4

62,743

73,084

Tangible assets

5

15,673

23,516

78,416

96,600

CURRENT ASSETS

Stocks

684,022

522,534

Debtors

6

491,657

242,191

Cash at bank

95,866

100,749

1,271,545

865,474

CREDITORS

Amounts falling due within one year

7

1,099,451

903,485

NET CURRENT ASSETS/(LIABILITIES)

172,094

(38,011

)

TOTAL ASSETS LESS CURRENT LIABILITIES

250,510

58,589

CREDITORS

Amounts falling due after more than one year

8

-

11,373

NET ASSETS

250,510

47,216

CAPITAL AND RESERVES

Called up share capital

9

100

100

Retained earnings

250,410

47,116

SHAREHOLDERS' FUNDS

250,510

47,216

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2026 and were signed on its behalf by:

J E Crone - Director

1.	STATUTORY INFORMATION

Ideas By Design Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

FRS102 Periodic 2024 amendments have been early adopted and applied from the commencement of the current accounting period.

Comparatives

The period covered by the financial statements is 15 months. The comparatives covered a period of 12 months and are therefore, not entirely comparable.The year end was changed to align with the US parent.

Turnover

Revenue represents the provision of technical shading systems with a wide range of order size and covering the UK and overseas.

Revenue is recognised net of VAT.

The majority of sales are conducted under the Company's Terms and Conditions. Larger projects may have a contract in place. Revenue recognition follows the five step model in FRS102 section 23. Revenue is recognised when the Company satisfies it's performance obligation by transferring the promised goods to the customer. Revenue is therefore recognised at despatch except where performance obligations are satisfied over time.This approach relates to bespoke larger orders/projects where terms ensure that there is an enforceable right to payment for performance completed. The Company recognises revenue over time by measuring its progress towards satisfaction of performance obligation under the input method, based on costs incurred to date, utilising the margin expected on the whole project.

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of twenty years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation

Taxation for the period 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 period 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.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Debtors/creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year, are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2024 - NIL).

4.	INTANGIBLE FIXED ASSETS

Patents

and

licences

£

COST

At 1 October 2024

and 31 December 2025

165,457

AMORTISATION

At 1 October 2024

92,373

Amortisation for period

10,341

At 31 December 2025

102,714

NET BOOK VALUE

At 31 December 2025

62,743

At 30 September 2024

73,084

5.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 October 2024

and 31 December 2025

213,790

30,795

95,099

339,684

DEPRECIATION

At 1 October 2024

200,749

27,019

88,400

316,168

Charge for period

4,075

1,180

2,588

7,843

At 31 December 2025

204,824

28,199

90,988

324,011

NET BOOK VALUE

At 31 December 2025

8,966

2,596

4,111

15,673

At 30 September 2024

13,041

3,776

6,699

23,516

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.9.24

as

restated

£

£

Trade debtors

418,325

179,956

Other debtors

73,332

62,235

491,657

242,191

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

30.9.24

as

restated

£

£

Bank loans and overdrafts

8,777

10,225

Trade creditors

536,235

197,585

Amounts owed to group undertakings

296,692

286,214

Taxation and social security

2,743

13,254

Other creditors

255,004

396,207

1,099,451

903,485

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.25

30.9.24

as

restated

£

£

Bank loans

-

11,373

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

30.9.24

value:

as restated

£

£

100

Ordinary

£1

100

100

10.	DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was qualified on the following basis:

Basis for qualified opinion

The financial statements for the year ended 30th September 2024 were not audited and thus we did not observe the counting of physical inventories at the year end. We were unable to satisfy ourselves by alternative means concerning the inventory quantities held at 30th September 2024 or 30th September 2023, which are included in the balance sheet at £522,534 and £500,607 respectively, by using other audit procedures. Consequently, we were unable to determine whether any adjustment to this amount was necessary.

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our qualified opinion.

Matters required to report by exception

Except for the matter described in the basis for qualified opinion section of our report, in the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the directors’ report.

Arising solely from the limitation on the scope of our work relating to inventory, referred to above:

- we have not obtained all the information and explanations that we considered necessary for the purpose of our audit; and

- we were unable to determine whether adequate accounting records have been kept.

We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires us to report to you if, in our opinion:

Mark Spafford FCCA FCA (Senior Statutory Auditor)

for and on behalf of Luckmans Duckett Parker Limited

11.	PARENT AND ULTIMATE PARENT ENTITY

GD Holdings Ltd is the parent company of Guthrie Douglas Limited. The ultimate parent company is Draper Inc.