Ideal Displays Limited - Period Ending 2023-07-31

Ideal Displays Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Ideal Displays Limited

Company Information

Director

Mr Christopher John Brazil

Registered office

Unit 4 Marshall Road Hillmead Swindon Wiltshire SN5 5FZ

Ideal Displays Limited

(Registration number: 07319632)
Balance Sheet as at 31 July 2023

	Note	2023 £	2022 £
Fixed assets
Intangible assets	2	569	621
Tangible assets	3	107,510	48,498
		108,079	49,119
Current assets
Debtors	4	59,309	49,580
Cash at bank and in hand		402,709	296,378
		462,018	345,958
Creditors: Amounts falling due within one year	5	(129,036)	(124,479)
Net current assets		332,982	221,479
Total assets less current liabilities		441,061	270,598
Creditors: Amounts falling due after more than one year	5	(29,167)	(39,167)
Provisions for liabilities		(20,427)	(9,215)
Net assets		391,467	222,216
Capital and reserves
Called up share capital		100	100
Retained earnings		391,367	222,116
Shareholders' funds		391,467	222,216

For the financial year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 28 November 2023
 

......................................... Mr Christopher John Brazil Director

Ideal Displays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023

1	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 4).

Ideal Displays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

2	Intangible assets

	Other intangible assets  £	Total £
Cost or valuation
At 1 August 2022	828	828
Additions acquired separately	138	138
At 31 July 2023	966	966
Amortisation
At 1 August 2022	207	207
Amortisation charge	190	190
At 31 July 2023	397	397
Carrying amount
At 31 July 2023	569	569
At 31 July 2022	621	621

3	Tangible assets

	Furniture, fittings and equipment  £	Motor vehicles  £	Total £
Cost or valuation
At 1 August 2022	23,265	76,496	99,761
Additions	5,385	87,817	93,202
At 31 July 2023	28,650	164,313	192,963
Depreciation
At 1 August 2022	16,836	34,427	51,263
Charge for the year	1,718	32,472	34,190
At 31 July 2023	18,554	66,899	85,453
Carrying amount
At 31 July 2023	10,096	97,414	107,510
At 31 July 2022	6,429	42,069	48,498

Ideal Displays Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2023 (continued)

4

Debtors

Current	2023 £	2022 £
Trade debtors	29,926	23,759
Prepayments	4,603	1,041
Other debtors	24,780	24,780
	59,309	49,580

5

Creditors

Creditors: amounts falling due within one year

	2023 £	2022 £
Due within one year
Trade creditors	39,965	18,484
Taxation and social security	74,853	90,922
Accruals and deferred income	1,550	1,550
Other creditors	12,668	13,523
	129,036	124,479

Creditors: amounts falling due after more than one year

	Note	2023 £	2022 £
Due after one year
Loans and borrowings		29,167	39,167