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REGISTERED NUMBER: 08385087 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2023

for

ICO Trading UK Ltd

ICO Trading UK Ltd (Registered number: 08385087)

Contents of the Financial Statements
for the Year Ended 31 May 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICO Trading UK Ltd

Company Information
for the Year Ended 31 May 2023







DIRECTORS: J C Camacho
R Camacho





SECRETARY: Ms M E Diaz





REGISTERED OFFICE: Temple Chambers
16A Belvoir Road
Coalville
Leics
LE67 3QE





REGISTERED NUMBER: 08385087 (England and Wales)





ACCOUNTANTS: Elverstone Large Ltd
Chartered Certified Accountants
Temple Chambers
16a Belvoir Road
Coalville
Leics
LE67 3QE

ICO Trading UK Ltd (Registered number: 08385087)

Balance Sheet
31 May 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 160,000 -
Tangible assets 5 21,254 25,004
181,254 25,004

CURRENT ASSETS
Stocks 441,463 393,118
Debtors 6 210,818 366,678
Cash at bank 421,910 185,260
1,074,191 945,056
CREDITORS
Amounts falling due within one year 7 351,134 195,817
NET CURRENT ASSETS 723,057 749,239
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,311

774,243

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 904,211 774,143
SHAREHOLDERS' FUNDS 904,311 774,243

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2023.

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

ICO Trading UK Ltd (Registered number: 08385087)

Balance Sheet - continued
31 May 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 10 February 2024 and were signed on its behalf by:





J C Camacho - Director


ICO Trading UK Ltd (Registered number: 08385087)

Notes to the Financial Statements
for the Year Ended 31 May 2023


1. STATUTORY INFORMATION

ICO Trading UK 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.

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 0, is being amortised evenly over its estimated useful life of nil 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.

Plant & machinery 15% 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.


ICO Trading UK Ltd (Registered number: 08385087)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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 4 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
Additions 160,000
At 31 May 2023 160,000
NET BOOK VALUE
At 31 May 2023 160,000

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022
and 31 May 2023 47,206
DEPRECIATION
At 1 June 2022 22,202
Charge for year 3,750
At 31 May 2023 25,952
NET BOOK VALUE
At 31 May 2023 21,254
At 31 May 2022 25,004

ICO Trading UK Ltd (Registered number: 08385087)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2023


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 210,818 366,678

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
DRAP & COLIGNY creditors 160,000 -
Trade creditors 10,968 58,085
Taxation and social security 57,274 36,729
Other creditors 122,892 101,003
351,134 195,817