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Institute Of Economic Development
Financial Statements
For The Year Ended 30 June 2025
Hampson and Co Accountants & Tax Consultants
42 Langford Drive
Pennington
Leigh
Lancs
WN7 3LE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 01748926
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 359 359
359 359
CURRENT ASSETS
Debtors 5 9,004 9,004
Cash at bank and in hand 205,731 190,910
214,735 199,914
Creditors: Amounts Falling Due Within One Year 6 (901 ) (1,409 )
NET CURRENT ASSETS (LIABILITIES) 213,834 198,505
TOTAL ASSETS LESS CURRENT LIABILITIES 214,193 198,864
NET ASSETS 214,193 198,864
Profit and Loss Account 214,193 198,864
SHAREHOLDERS' FUNDS 214,193 198,864
Page 1
Page 2
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.
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 Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Thomas Stannard
Director
31st October 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Institute Of Economic Development is a private company, limited by shares, incorporated in England & Wales, registered number 01748926 . The registered office is Unit 207, The Base, Dallam Lane Warrington, Cheshire, WA2 7NG.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 18%
3. Average Number of Employees
15Average number of employees, including directors, during the year was: 15 (2024: 15)
15 15
4. Tangible Assets
Plant & Machinery
£
Cost
As at 1 July 2024 359
As at 30 June 2025 359
Net Book Value
As at 30 June 2025 359
As at 1 July 2024 359
Page 3
Page 4
5. Debtors
2025 2024
£ £
Due within one year
Trade debtors 9,004 9,004
6. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Sundry Creditor 901 1,409
7. Share Capital
Page 4