Company Registration No. SC449823 (Scotland)
ICAN FUTURE STAR LTD
Unaudited accounts
for the year ended 31 May 2023
ICAN FUTURE STAR LTD
Unaudited accounts
Contents
ICAN FUTURE STAR LTD
Company Information
for the year ended 31 May 2023
Company Number
SC449823 (Scotland)
Registered Office
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
Scotland
Accountants
Assenti & Noble Ltd
18 Mosshead Road
Bearsden
Glasgow
G61 3HN
ICAN FUTURE STAR LTD
Statement of financial position
as at 31 May 2023
Cash at bank and in hand
7
105
Creditors: amounts falling due within one year
(35,223)
(35,105)
Net current liabilities
(35,216)
(35,000)
Net liabilities
(35,216)
(35,000)
Called up share capital
133
133
Profit and loss account
(35,349)
(35,133)
Shareholders' funds
(35,216)
(35,000)
For the year ending 31 May 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 23 February 2024 and were signed on its behalf by
Y Feng
Director
Company Registration No. SC449823
ICAN FUTURE STAR LTD
Notes to the Accounts
for the year ended 31 May 2023
ICAN FUTURE STAR LTD is a private company, limited by shares, registered in Scotland, registration number SC449823. The registered office is 18 Mosshead Road, Bearsden, Glasgow, G61 3HN, Scotland.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Turnover represents invoiced sales to external customers, excluding value added tax.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
20% on cost
The balance sheet shows that the company has an excess of liabilities over assets. The accounts have been prepared on a going concern basis assuming the continuing financial support of the company's director.
4
Tangible fixed assets
Computer equipment
ICAN FUTURE STAR LTD
Notes to the Accounts
for the year ended 31 May 2023
5
Creditors: amounts falling due within one year
2023
2022
Loans from directors
35,073
34,865
Allotted, called up and fully paid:
1,335,000 Ordinary shares of £0.0001 each
133.50
133.50
7
Average number of employees
During the year the average number of employees was 0 (2022: 0).