Caseware UK (AP4) 2022.0.179 2022.0.179 2022-12-312022-12-31001No description of principal activity2022-01-01false1falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12265708 2022-01-01 2022-12-31 12265708 2020-11-01 2021-12-31 12265708 2022-12-31 12265708 2021-12-31 12265708 c:Director1 2022-01-01 2022-12-31 12265708 d:ComputerEquipment 2022-01-01 2022-12-31 12265708 d:ComputerEquipment 2022-12-31 12265708 d:ComputerEquipment 2021-12-31 12265708 d:ComputerEquipment d:OwnedOrFreeholdAssets 2022-01-01 2022-12-31 12265708 d:CurrentFinancialInstruments 2022-12-31 12265708 d:CurrentFinancialInstruments 2021-12-31 12265708 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12265708 d:CurrentFinancialInstruments d:WithinOneYear 2021-12-31 12265708 d:ShareCapital 2022-12-31 12265708 d:ShareCapital 2021-12-31 12265708 d:RetainedEarningsAccumulatedLosses 2022-12-31 12265708 d:RetainedEarningsAccumulatedLosses 2021-12-31 12265708 c:OrdinaryShareClass1 2022-01-01 2022-12-31 12265708 c:OrdinaryShareClass1 2022-12-31 12265708 c:FRS102 2022-01-01 2022-12-31 12265708 c:AuditExempt-NoAccountantsReport 2022-01-01 2022-12-31 12265708 c:FullAccounts 2022-01-01 2022-12-31 12265708 c:PrivateLimitedCompanyLtd 2022-01-01 2022-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12265708









ICONSALVI MEDIA GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2022

 
ICONSALVI MEDIA GROUP LTD
REGISTERED NUMBER: 12265708

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2022

2022
2021
£
£

Fixed assets

Tangible fixed assets
3,349
-


Current assets

Stocks
106,688
1,700

Debtors
531,784
3,208

Bank and cash balances
79,115
70,470

717,587
75,378

Creditors: amounts falling due within one year
(328,414)
(28,289)

Net current assets
 
 
389,173
 
 
47,089

Net assets
392,522
47,089


Capital and reserves

Called up share capital 
1
1

Profit and loss account
392,521
47,088

392,522
47,089


Page 1

 
ICONSALVI MEDIA GROUP LTD
REGISTERED NUMBER: 12265708
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 DECEMBER 2022

The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the Period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 October 2023.




J Consalvi
Director

The notes on pages 3 to 6 form part of these financial statements.

Page 2

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

1.


General information

Iconsalvi Limited ('the company') is a private limited by shares and is incorporated and domiciled in England.  The address is its registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Foreign exchange gains and losses that relate to borrowings and cash and cash equivalents are presented in the Statement of Income and Retained Earnings within 'finance income or costs'. All other foreign exchange gains and losses are presented in profit or loss within 'other operating income'.

Page 3

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 4

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

2.Accounting policies (continued)

  
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment.

  
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.8

Creditors

Short-term creditors are measured at the transaction price.

  
2.9

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

  
2.10

Dividends

Equity dividends are recognised when they become legally payable.

 
2.11

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the Period was 1 (2021 - 1).

Page 5

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2022

4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


Additions
3,458



At 31 December 2022

3,458



Depreciation


Charge for the Period on owned assets
109



At 31 December 2022

109



Net book value



At 31 December 2022
3,349



At 31 December 2021
-


5.


Creditors: Amounts falling due within one year

2022
2021
£
£

Bank overdrafts
47,637
-

Trade creditors
6,355
-

Corporation tax
79,976
13,222

Other taxation and social security
21,949
1,380

Other creditors
8,290
13,687

Accruals and deferred income
164,207
-

328,414
28,289



6.


Share capital

2022
2021
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1


Page 6

 
ICONSALVI MEDIA GROUP LTD
 
 
 Page 7