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REGISTERED NUMBER: 10482967 (England and Wales)









Financial Statements

for the Year Ended 30 November 2021

for

Ikal Ltd

Ikal Ltd (Registered number: 10482967)






Contents of the Financial Statements
for the Year Ended 30 November 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


Ikal Ltd

Company Information
for the Year Ended 30 November 2021







DIRECTOR: M Pozzoni





REGISTERED OFFICE: 28 Church Road
Stanmore
Middlesex
HA7 4XR





REGISTERED NUMBER: 10482967 (England and Wales)





ACCOUNTANTS: Parker Cavendish
Chartered Accountants
28 Church Road
Stanmore
Middlesex
HA7 4XR

Ikal Ltd (Registered number: 10482967)

Statement of Financial Position
30 November 2021

2021 2020
Notes £    £   
CURRENT ASSETS
Cash at bank 11,823 9,259

CREDITORS
Amounts falling due within one year 4 (11,213 ) (9,123 )
NET CURRENT ASSETS 610 136
TOTAL ASSETS LESS CURRENT LIABILITIES 610 136

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 510 36
SHAREHOLDERS' FUNDS 610 136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 August 2022 and were signed by:





M Pozzoni - Director


Ikal Ltd (Registered number: 10482967)

Notes to the Financial Statements
for the Year Ended 30 November 2021

1. STATUTORY INFORMATION

Ikal 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Income is recognised when the service is provided.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 year 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2020 - 1 ) .

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Taxation and social security 5,164 -
Other creditors 6,049 9,123
11,213 9,123

5. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within other creditors at the year end is an amount of £3,349 (2020: £6,422) due to the director, M Pozzoni. Interest of £73 (2020: £19) has been charged on the overdrawn balance at the rate of 2.00% (2020: 2.25%) whilst the account was overdrawn.

The following transactions have taken place in the period and are considered material;

October 2021 - £18,000

There have been no other advances which individually were considered material and no other individual advances exceeding £10,000 to the director during the period under review.