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REGISTERED NUMBER: 12821323 (England and Wales)















Financial Statements for the Period 18 August 2020 to 31 December 2021

for

Iconicar Ltd

Iconicar Ltd (Registered number: 12821323)






Contents of the Financial Statements
for the period 18 August 2020 to 31 December 2021




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Iconicar Ltd

Company Information
for the period 18 August 2020 to 31 December 2021







DIRECTOR: N C Roberts





REGISTERED OFFICE: 7 The Tannery
Tanyard Lane
Steyning
West Sussex
BN44 3BT





REGISTERED NUMBER: 12821323 (England and Wales)





ACCOUNTANTS: L J P Accounting Ltd
Barn Studios
Gaterounds
Parkgate Road
Newdigate
Surrey
RH5 5AJ

Iconicar Ltd (Registered number: 12821323)

Balance Sheet
31 December 2021

Notes £    £   
FIXED ASSETS
Tangible assets 4 789

CURRENT ASSETS
Stocks 30,827
Debtors 5 6,323
Cash at bank 2,491
39,641
CREDITORS
Amounts falling due within one year 6 53,960
NET CURRENT LIABILITIES (14,319 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(13,530

)

CAPITAL AND RESERVES
Called up share capital 100
Retained earnings (13,630 )
SHAREHOLDERS' FUNDS (13,530 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2021 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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 director and authorised for issue on 15 August 2022 and were signed by:





N C Roberts - Director


Iconicar Ltd (Registered number: 12821323)

Notes to the Financial Statements
for the period 18 August 2020 to 31 December 2021

1. STATUTORY INFORMATION

Iconicar Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

Going concern
These financial statements have been prepared on a going concern basis. The company is dependent on the support of the director (who is also the shareholder). The director has confirmed that he will continue to support the company and therefore the going concern basis is believed to be appropriate. The financial statements do not include any adjustment that might be necessary if the support were withdrawn.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

Iconicar Ltd (Registered number: 12821323)

Notes to the Financial Statements - continued
for the period 18 August 2020 to 31 December 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 1,184
At 31 December 2021 1,184
DEPRECIATION
Charge for period 395
At 31 December 2021 395
NET BOOK VALUE
At 31 December 2021 789

5. DEBTORS
£   
Amounts falling due within one year:
Other debtors 3,129

Amounts falling due after more than one year:
Other debtors 3,194

Aggregate amounts 6,323

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 53,960

7. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N C Roberts.