Ideaworks (london) Group Limited in London, W1W 5QJ

Description

Data updated on: 01-11-2023

Ideaworks (london) Group began its operations in the year 2013 as a Private Limited Company under the ID 08779665. This particular business has been operating for 11 years and the present status is active. The firm's registered office is registered in London at 206 Great Portland Street. Anyone can also locate this business using its postal code, W1W 5QJ. The firm's SIC code is 74909 and has the NACE code: Other professional, scientific and technical activities not elsewhere classified. Ideaworks (london) Group Ltd filed its account information for the financial period up to 2022-03-31. The business latest confirmation statement was filed on 2023-03-31.

Taking into consideration this specific enterprise's magnitude, it was necessary to formally appoint other directors, including: Philip C., Oz A., Rex B. who have been cooperating since August 2018 to promote the success of this company. Additionally, the director's efforts are constantly assisted with by a secretary - Kevin A., who was officially appointed by the following company in November 2013.

Financial data based on annual reports

Profit & Loss
Date of Accounts	2016-03-31	2017-03-31	2018-03-31	2019-03-31	2020-03-31	2021-03-31	2022-03-31
Currency

Balance Sheet
Cash Bank On Hand	170 533	65 944	20 964	76 050	164 362	454 345	138 345
Current Assets	216 826	66 919	40 267	95 977	168 579	455 896	450 851
Debtors	46 293	975	19 303	19 927	4 217	1 551	312 506
Net Assets Liabilities	14 611	152 192	346 459	521 842	1 354 794	1 676 036	1 726 351
Other Debtors	31 293	484	19 303	18 298	2 613	1 196 552	6 528
Property Plant Equipment					794 000	786 000	778 000
Total Inventories	911 054	991 517	1 052 000	805 151	662 267	756 194	872 753

Other Financial Data
Audit Fees Expenses	20 000	22 050	25 970	24 186	32 153	35 406	44 411
Fees For Non-audit Services	25 597	28 699	29 771	13 212	16 880	35 154	45 278
Accrued Liabilities Deferred Income	9 710	189 239	8 699	9 253	69 340	2 066 746	2 862 867
Accumulated Amortisation Impairment Intangible Assets			206 833	259 854	312 875	365 896	418 917
Accumulated Amortisation Not Including Impairment Intangible Assets		153 812	206 833
Accumulated Depreciation Impairment Property Plant Equipment					6 000	1 391 741	1 510 106
Additions Other Than Through Business Combinations Property Plant Equipment					800 000		71 273
Administration Support Average Number Employees				8	8	7	7
Administrative Expenses	4 485 439	4 706 459	5 030 186	4 661 119	4 622 770	3 980 545	3 485 888
Amortisation Expense Intangible Assets				53 021	53 021	53 021	53 021
Amortisation Impairment Expense Intangible Assets	53 021	53 021	53 021
Amounts Owed By Group Undertakings				1 551	1 551	1 551	1 551
Amounts Owed To Group Undertakings	2 469 733	2 664 729	2 846 543	2 897 185	2 831 952	2 459 983	2 587 523
Amounts Recoverable On Contracts			2 273 414	1 691 136	659 828	835 786	1 937 690
Applicable Tax Rate			19	19	19	19	19
Average Number Employees During Period				8	8	7	7
Bank Borrowings	1 100 000	700 000	300 000	541 468	495 886	497 000	467 794
Bank Borrowings Overdrafts	700 000	870 000	570 000	570 000	508 000	25 018	464 265
Bank Overdrafts			765 915	376 147	50 660		435 060
Cash Cash Equivalents			20 964	76 050	164 362	454 345	138 345
Cash Cash Equivalents Cash Flow Value				152 791	5 782 066	3 753 335	2 456 142
Cash Flows From Disposal Or Reduction In Control Over Subsidiaries Or Other Businesses				100
Cash Receipts From Repayment Other Loans Advances Classified As Investing Activities					9 781	-1 217
Comprehensive Income Expense			803 222	721 030	1 496 886	1 825 711	665 156
Corporation Tax Payable	142 000		13 709	137 413	170 703	120 573	837
Corporation Tax Recoverable		491					304 427
Cost Inventories Recognised As Expense Net Write Downs Reversals	7 824 871	7 423 960
Cost Sales	11 852 671	11 805 153	12 821 574	13 551 181	19 208 070	14 177 865	15 111 300
Creditors	1 270 000	870 000	1 094 364	1 054 169	958 522	2 726 182	2 826 215
Current Tax For Period			14 200	137 413	286 940	287 411	7 393
Deferred Tax Asset Debtors		31 931	53 188	71 340	72 267	15 869
Deferred Tax Assets		96 993	96 993	96 993	96 993	20 278
Deferred Tax Expense Credit From Unrecognised Timing Difference From Prior Period						-14 056	85 313
Deferred Tax Expense Credit Relating To Origination Reversal Timing Differences	4 892	18 020	21 257	18 152	-927	56 398	115 356
Deferred Tax Liabilities		65 062	43 805	25 653	24 726	4 409	60 311
Depreciation Amortisation Impairment Expense	568 802	441 295	462 997
Depreciation Expense Property Plant Equipment					662 642	475 957	293 906
Depreciation Impairment Expense Property Plant Equipment				651 756	6 000	8 000	8 000
Dividends Paid	558 813	879 656	795 729	721 797	769 572	1 174 253	482 525
Dividends Paid Classified As Financing Activities	-558 813	-879 656	-795 729	-721 797	769 572	1 174 253	482 525
Dividends Received Classified As Investing Activities					350 000	-350 000
Finance Lease Liabilities Present Value Total		38 697	15 497	69 577	599 884	37 104	387 817
Finance Lease Payments Owing Minimum Gross		948 439	118 728			382 414	387 817
Finished Goods Goods For Resale		991 517	1 052 000	805 151	614 459	671 447	703 375
Fixed Assets	2 012 789	2 498 994	3 324 342	4 102 848	4 896 848	4 888 848	4 880 848
Foreign Exchange Differences Increase Decrease In Depreciation Impairment Property Plant Equipment							-757
Further Item Cash Receipts From Repayment Loans Advances Classified As Investing Activities Component Corresponding Total					9 781	-698 783
Further Item Cash Receipts From Repayment Loans Advances To Related Parties Classified As Investing Activities Component Corresponding Total						698 783	700 000
Further Item Tax Increase Decrease Component Adjusting Items						10 079	-960
Future Finance Charges On Finance Leases		13 985
Future Minimum Lease Payments Under Non-cancellable Operating Leases			457 744	471 899	408 279	415 349	374 470
Gain Loss Due To Foreign Exchange Differences Before Tax In Other Comprehensive Income	431 645	323 342	-5 431	-47 805		110 809	18 985
Gain Loss Due To Foreign Exchange Differences Net Tax In Other Comprehensive Income				47 805	6 519	110 300
Gain Loss Due To Foreign Exchange Differences Recognised In Profit Or Loss					187 669	157 041	374 833
Gain Loss In Cash Flows From Change In Creditors Trade Other Payables				56 723	-76 151	465 130	216 419
Gain Loss In Cash Flows From Change In Debtors Trade Other Receivables				2 032	5 929	1 449	6 528
Gain Loss In Cash Flows From Change In Inventories				246 849	-142 884	93 927	116 559
Gain Loss In Cash Flows From Change In Operating Assets Liabilities				1 088 485	1 613 753	965 775	623 392
Gain Loss On Disposal Assets Income Statement Subtotal						-1 033
Gain Loss On Disposals Property Plant Equipment				2 239		1 033	-1 241
Gain Loss On Revaluation Other Assets Before Tax In Other Comprehensive Income						7 306
Gain Loss On Revaluation Property Plant Equipment Before Tax In Other Comprehensive Income		240 377
Gain Loss On Revaluation Property Plant Equipment Net Tax In Other Comprehensive Income		240 377
Government Grant Income						1 102 202	203 830
Gross Profit Loss	5 784 307	5 829 214	5 824 647	5 492 568	6 336 014	4 856 430	4 102 482
Income Taxes Paid Refund Classified As Operating Activities	127 077	143 500		2 924	253 650	-306 912	-425 000
Increase Decrease From Foreign Exchange Differences Property Plant Equipment							-1 010
Increase Decrease In Amortisation Impairment Intangible Assets				53 021	53 021	53 021
Increase Decrease In Cash Cash Equivalents After Foreign Exchange Differences Changes In Consolidation			12 245	152 791	5 782 066
Increase Decrease In Cash Cash Equivalents Before Foreign Exchange Differences Changes In Consolidation	-2 044 750	1 568 272	-1 837 740	55 086	88 312	289 983	316 000
Increase Decrease In Cash Cash Equivalents From Foreign Exchange Differences						-73 623	16 292
Increase Decrease In Current Tax From Adjustment For Prior Periods	577	1 009		-10 785
Increase Decrease In Current Tax From Unrecognised Timing Difference From Prior Period		1 009
Increase Decrease In Intangible Assets			577 983
Increase Decrease In Net Debt In Period					150 312	169 561	156 794
Increase Decrease In Net Deferred Tax Liability From Amount Recognised In Profit Or Loss			21 257
Increase From Amortisation Charge For Year Intangible Assets			53 021				53 021
Increase From Depreciation Charge For Year Property Plant Equipment					6 000	8 000	139 147
Intangible Assets	477 192	424 171	371 150	318 129	265 108	212 087	159 066
Intangible Assets Gross Cost		424 171	371 150	577 983	577 983	577 983
Interest Paid Classified As Operating Activities	60 407	44 142	87 771			-5 388	-13 318
Interest Payable Similar Charges Finance Costs				5 922	20 732	5 388	13 318
Interest Received Classified As Investing Activities					2	-8 733	-2 713
Inventories Fair Value Less Costs To Sell Net Realisable Value	911 054	991 517
Investments Fixed Assets	4 090 003	4 090 003	4 102 748	4 102 848	4 102 848	4 102 848	4 102 848
Investments In Subsidiaries	4 090 003	4 090 003	4 102 748	4 102 848	4 102 848	4 102 848	4 102 848
Key Management Personnel Compensation Total		767 059	798 898	883 082	909 956	819 884	1 081 859
Net Cash Flows From Used In Financing Activities	1 005 763	1 336 058	951 745	-1 021 797	-831 572	714 709	641 731
Net Cash Flows From Used In Investing Activities	177 270	748 790	-1 350 007	-2 756	-440 219	351 217	22 998
Net Cash Flows From Used In Operating Activities	-861 717	2 672 266	464 012	1 079 639	1 360 103	653 475	325 731
Net Cash Generated From Operations	-674 233	2 859 908	551 783	1 088 485	1 613 753	965 775	-764 049
Net Current Assets Liabilities	-2 805 392	-3 067 811	-3 186 289	-3 011 006	-3 034 054	-2 270 286	2 375 364
Net Debt Funds				493 950	343 638	513 199	669 993
Net Deferred Tax Liability Asset			-53 188	71 340	72 267	15 869
Net Finance Income Costs					350 000	350 000	2 713
Net Interest Paid Received Classified As Operating Activities			87 771	53 441	20 732	5 388	-18 213
Nominal Value Allotted Share Capital			25	25
Number Shares Allotted				25
Number Shares Issued Fully Paid						1 000	1 000
Operating Lease Payments Owing	2 421 152	470 999	457 744
Operating Profit Loss	1 298 868	1 122 755	889 367	930 752	1 810 148	2 072 430	822 390
Other Creditors	20	17 662	38 153	86 210	25 500	2 656	35 249
Other Debtors Balance Sheet Subtotal		206 952	113 879
Other Disposals Decrease In Depreciation Impairment Property Plant Equipment							20 782
Other Disposals Property Plant Equipment							20 782
Other Interest Receivable Similar Income Finance Income					2	8 733	2 713
Other Operating Expenses Format1	60 407	44 142	87 771	53 441
Other Operating Income Format1		240 377	94 906	99 303	96 904	1 105 280	205 796
Other Remaining Borrowings	570 000	570 000	570 000	570 000	508 000	470 544	340 544
Other Taxation Social Security Payable	755	54 965	458 822	57 423	144 429	59 942	300 673
Payments Finance Lease Liabilities Classified As Financing Activities		7 703	1 068 194	64 648	-530 307	217 470	5 403
Payments Received On Account	1 302 913	1 828 968	2 184 387	2 595 162	5 007 768	3 101 469	4 265 141
Pension Costs Defined Contribution Plan		168 664	114 534	143 062	168 303	161 122	147 665
Pension Other Post-employment Benefit Costs Other Pension Costs	1 734	61 394	34 986	24 599	39 067	34 462	147 665
Percentage Class Share Held In Subsidiary			100		100	100	100
Prepayments Accrued Income	15 000	820 515	607 076	78	53	830 039	1 205 355
Proceeds From Borrowings Classified As Financing Activities			1 875 000
Proceeds From Issuing Shares Other Equity Instruments	125
Proceeds From Sales Other Long-term Assets Classified As Investing Activities	125 372		8 342	-2 656
Proceeds From Sales Property Plant Equipment						49 754	1 341
Proceeds From Sales Property Plant Equipment Intangible Assets Classified As Investing Activities	13 600	9 100	1 667	8 556		-49 754
Profit Loss	566 440	1 017 237	989 996	897 180	1 602 524	1 495 495	532 840
Profit Loss On Ordinary Activities After Tax	1 100 776	1 192 617	808 653	897 180	1 602 524	1 495 495	532 840
Profit Loss On Ordinary Activities Before Tax	1 238 461	1 078 613	801 596	877 311	1 789 418	2 059 220	806 890
Property Plant Equipment Gross Cost					800 000	1 462 260	1 512 751
Provisions For Liabilities Balance Sheet Subtotal	83 082
Purchase Property Plant Equipment					800 000	126 222	727 052
Purchase Property Plant Equipment Intangible Assets	316 242	757 890	1 343 332	298 846	238 080	126 222
Repayments Borrowings Classified As Financing Activities	447 075	448 699	962 822	1 343 691	62 000	37 456	130 000
Repayments Debt Securities Classified As Financing Activities					45 582	497 000	29 206
Research Development Expense Recognised In Profit Or Loss					537 337	396 930	544 742
Revenue From Sale Goods	17 636 978	17 634 367	18 646 221	19 043 749
Sales Marketing Distribution Average Number Employees				126	133	124	124
Social Security Costs	3 257	6 856	1 153	1 338	751	96	734 985
Staff Costs Employee Benefits Expense	74 234	134 280	100 158	97 024	105 994	94 589	17 640
Taxation Including Deferred Taxation Balance Sheet Subtotal							99 487
Tax Expense Credit Applicable Tax Rate	247 692	215 723	152 303	166 689
Tax Increase Decrease From Effect Adjustment In Research Development Tax Credit	162 924	386 249	254 427			-98 042	-134 551
Tax Increase Decrease From Effect Capital Allowances Depreciation						46 452	22 993
Tax Increase Decrease From Effect Expenses Not Deductible In Determining Taxable Profit Or Loss	13 585	13 561	9 846			7 359	9 674
Tax Increase Decrease From Effect Foreign Tax Rates			48 825	61 727			-23 104
Tax Increase Decrease From Other Tax Effects Tax Reconciliation	7 562	24 318	13 120
Tax Tax Credit On Profit Or Loss On Ordinary Activities	-137 685	114 004	-7 057	126 628	273 149	270 573	122 749
Total Assets Less Current Liabilities	1 284 611	1 022 192	916 459	1 091 842	1 862 794	2 618 562	2 505 484
Total Borrowings	449 443	449 371	870 000	570 000	508 000	967 544	808 338
Total Current Tax Expense Credit	142 000	1 009	14 200	126 628
Total Deferred Tax Expense Credit	4 892	-115 013	-21 257	18 152	927
Total Operating Lease Payments					575 002	419 847	441 840
Trade Creditors Trade Payables	1 005 313	1 903 641	1 396 328	5 709	2 224 853	1 170	2 334 800
Trade Debtors Trade Receivables	1 168 317	1 153 052	890 146	2 286 281	3 260 104	1 856 145	4 281 222
Transfers To From Retained Earnings Increase Decrease In Equity	3 341		-5 761	5 761	361 279
Turnover Revenue	17 636 978	17 634 367	18 646 221	19 043 749	25 515 495	19 126 315	19 213 782
Voting Power In Subsidiary If Different From Ownership Interest Percent					100	100	100
Wages Salaries	69 243	66 030	64 019	71 087	66 176	60 031	17 640
Work In Progress					47 808	84 747	169 378
Company Contributions To Money Purchase Plans Directors	1 734	61 394	34 986	24 599	39 067	34 462
Director Remuneration	68 322	76 651	64 993	63 087	58 176	51 271	8 820
Director Remuneration Benefits Excluding Payments To Third Parties		138 045	99 979	87 686	97 243	85 733	8 820
Director Remuneration Benefits Including Payments To Third Parties	70 056	138 045		87 686	97 243
Employees Total	8	8	8	8
Number Directors Accruing Benefits Under Money Purchase Scheme		6	6	6
Number Directors Accruing Retirement Benefits				6	6	5

Company staff

Philip C.

Role: Director

Appointed: 31 August 2018

Latest update: 1 January 2024

Oz A.

Role: Director

Appointed: 18 April 2016

Latest update: 1 January 2024

Rex B.

Role: Director

Appointed: 08 December 2014

Latest update: 1 January 2024