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REGISTERED NUMBER: 12035371 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Iglucraft Uk Limited

Iglucraft Uk Limited (Registered number: 12035371)






Contents of the Financial Statements
for the Year Ended 30 June 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Iglucraft Uk Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: S J Heyel
Mrs G M Heyel
J I Harris





SECRETARY:





REGISTERED OFFICE: Rock Cottage Noahs Hill
West Monkton
Taunton
United Kingdom
TA2 8QU





REGISTERED NUMBER: 12035371 (England and Wales)





ACCOUNTANTS: Stephen Cook
5 Bella View Gardens
Glastonbury
Somerset
BA6 9HQ

Iglucraft Uk Limited (Registered number: 12035371)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,000 7,000
Tangible assets 5 5,041 -
11,041 7,000

CURRENT ASSETS
Stocks 8,664 67,129
Debtors 6 195,303 79,085
Cash at bank 542,913 434,929
746,880 581,143
CREDITORS
Amounts falling due within one year 7 204,770 142,251
NET CURRENT ASSETS 542,110 438,892
TOTAL ASSETS LESS CURRENT
LIABILITIES

553,151

445,892

PROVISIONS FOR LIABILITIES 1,008 -
NET ASSETS 552,143 445,892

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 552,103 445,852
SHAREHOLDERS' FUNDS 552,143 445,892

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Iglucraft Uk Limited (Registered number: 12035371)

Balance Sheet - continued
30 June 2023


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 Board of Directors and authorised for issue on 13 October 2023 and were signed on its behalf by:





S J Heyel - Director


Iglucraft Uk Limited (Registered number: 12035371)

Notes to the Financial Statements
for the Year Ended 30 June 2023

1. STATUTORY INFORMATION

Iglucraft Uk Limited 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2019, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

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 year 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.


Iglucraft Uk Limited (Registered number: 12035371)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

2. ACCOUNTING POLICIES - continued
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 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 3 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2022
and 30 June 2023 10,000
AMORTISATION
At 1 July 2022 3,000
Charge for year 1,000
At 30 June 2023 4,000
NET BOOK VALUE
At 30 June 2023 6,000
At 30 June 2022 7,000

Iglucraft Uk Limited (Registered number: 12035371)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 5,260
At 30 June 2023 5,260
DEPRECIATION
Charge for year 219
At 30 June 2023 219
NET BOOK VALUE
At 30 June 2023 5,041

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade debtors 195,303 79,085

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 145,377 60,718
Taxation and social security 58,434 76,762
Other creditors 959 4,771
204,770 142,251