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REGISTERED NUMBER: 12972894 (England and Wales)


















Unaudited Financial Statements

for the Year Ended 31st October 2022

for

Icon Workwear & Uniforms Limited

Icon Workwear & Uniforms Limited (Registered number: 12972894)






Contents of the Financial Statements
for the Year Ended 31st October 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icon Workwear & Uniforms Limited

Company Information
for the Year Ended 31st October 2022







DIRECTOR: Mr K Suley





REGISTERED OFFICE: Unit 3 Leathermill Lane
Rugeley
Staffordshire
WS15 2HN





REGISTERED NUMBER: 12972894 (England and Wales)





ACCOUNTANTS: Rice & Co Limited
Chartered Accountants
14a Market Place
Uttoxeter
Staffordshire
ST14 8HP

Icon Workwear & Uniforms Limited (Registered number: 12972894)

Balance Sheet
31st October 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,919 8,858

CURRENT ASSETS
Stocks 750 906
Debtors 5 6,164 4,985
Cash at bank 1,539 7,347
8,453 13,238
CREDITORS
Amounts falling due within one year 6 21,459 29,467
NET CURRENT LIABILITIES (13,006 ) (16,229 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(6,087

)

(7,371

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (6,089 ) (7,373 )
SHAREHOLDERS' FUNDS (6,087 ) (7,371 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st October 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st October 2022 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.

Icon Workwear & Uniforms Limited (Registered number: 12972894)

Balance Sheet - continued
31st October 2022


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 17th October 2023 and were signed by:





Mr K Suley - Director


Icon Workwear & Uniforms Limited (Registered number: 12972894)

Notes to the Financial Statements
for the Year Ended 31st October 2022

1. STATUTORY INFORMATION

Icon Workwear & Uniforms 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.

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 and value added tax. Turnover in respect to the sale of goods is recognised upon despatch of the related goods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance

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.


Icon Workwear & Uniforms Limited (Registered number: 12972894)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2022

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2021 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1st November 2021 9,895
Additions 367
At 31st October 2022 10,262
DEPRECIATION
At 1st November 2021 1,037
Charge for year 2,306
At 31st October 2022 3,343
NET BOOK VALUE
At 31st October 2022 6,919
At 31st October 2021 8,858

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 2,955 1,770
Other debtors 3,209 3,215
6,164 4,985

Icon Workwear & Uniforms Limited (Registered number: 12972894)

Notes to the Financial Statements - continued
for the Year Ended 31st October 2022

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade creditors 1,239 1,350
Other creditors 20,220 28,117
21,459 29,467