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Registered Number: 12608598
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 May 2023

for

ICE RED LTD.

 
 
 
£
2023
£
   
£
2022
£
Fixed assets 209,199  245,519 
Current assets 82,196  2,398 
Creditors: amount falling due within one year (100,931) (117,575)
Net current assets (18,735) (115,177)
Total assets less current liabilities 190,464  130,342 
Creditors: amount falling due after more than one year (223,596) (153,470)
Accrued liabilities (240)
Net assets (33,372) (23,128)
 
Capital and reserves (33,372) (23,128)
 
  1. For the year ended 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
  2. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the companies act 2006.
  3. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

Signed on behalf of the board of directors:


----------------------------------
Mufuliat Adeola Adesanya
Director

Date approved: 09 February 2024
1
Statutory Information
ICE RED LTD. is a private limited company, limited by shares, domiciled in England and Wales, registration number 12608598, registration address 17 Neath Farm Court, Cambridge, Cambs, CB1 3EX, United Kingdom.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 105 Financial Reporting Standard for Micro Entities (effective January 2016).
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery25% Reducing Balance
2.

Tangible fixed assets

Cost or Valuation Freehold property   Plant and Machinery   Total
  £   £   £
At 01 June 2022 207,849    2,400    210,249 
Additions    
Disposals    
At 31 May 2023 207,849    2,400    210,249 
Depreciation
At 01 June 2022   600    600 
Charge for year   450    450 
On disposals    
At 31 May 2023   1,050    1,050 
Net book values
Closing balance as at 31 May 2023 207,849    1,350    209,199 
Opening balance as at 01 June 2022 207,849    1,800    209,649 

3.

Average number of employees

Average number of employees during the year was 1  (2022: 1).
2