2023-02-012024-01-312024-01-31false13824703ICONIC TRADE LTD2024-03-06iso4217:GBPxbrli:pure138247032023-02-01138247032024-01-31138247032023-02-012024-01-31138247032022-01-02138247032023-01-31138247032022-01-022023-01-3113824703bus:SmallEntities2023-02-012024-01-3113824703bus:AuditExempt-NoAccountantsReport2023-02-012024-01-3113824703bus:AbridgedAccounts2023-02-012024-01-3113824703bus:PrivateLimitedCompanyLtd2023-02-012024-01-3113824703core:WithinOneYear2024-01-3113824703core:AfterOneYear2024-01-3113824703core:WithinOneYear2023-01-3113824703core:AfterOneYear2023-01-311382470312023-02-012024-01-3113824703core:ShareCapital2024-01-3113824703core:SharePremium2024-01-3113824703core:RevaluationReserve2024-01-3113824703core:OtherReservesSubtotal2024-01-3113824703core:RetainedEarningsAccumulatedLosses2024-01-3113824703core:ShareCapital2023-01-3113824703core:SharePremium2023-01-3113824703core:RevaluationReserve2023-01-3113824703core:OtherReservesSubtotal2023-01-3113824703core:RetainedEarningsAccumulatedLosses2023-01-3113824703core:LandBuildings2024-01-3113824703core:PlantMachinery2024-01-3113824703core:Vehicles2024-01-3113824703core:FurnitureFittings2024-01-3113824703core:OfficeEquipment2024-01-3113824703core:NetGoodwill2024-01-3113824703core:IntangibleAssetsOtherThanGoodwill2024-01-3113824703core:ListedExchangeTraded2024-01-3113824703core:UnlistedNon-exchangeTraded2024-01-3113824703core:LandBuildings2023-01-3113824703core:PlantMachinery2023-01-3113824703core:Vehicles2023-01-3113824703core:FurnitureFittings2023-01-3113824703core:OfficeEquipment2023-01-3113824703core:NetGoodwill2023-01-3113824703core:IntangibleAssetsOtherThanGoodwill2023-01-3113824703core:ListedExchangeTraded2023-01-3113824703core:UnlistedNon-exchangeTraded2023-01-3113824703core:LandBuildings2023-02-012024-01-3113824703core:PlantMachinery2023-02-012024-01-3113824703core:Vehicles2023-02-012024-01-3113824703core:FurnitureFittings2023-02-012024-01-3113824703core:OfficeEquipment2023-02-012024-01-3113824703core:NetGoodwill2023-02-012024-01-3113824703core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3113824703core:ListedExchangeTraded2023-02-012024-01-3113824703core:UnlistedNon-exchangeTraded2023-02-012024-01-3113824703core:MoreThanFiveYears2023-02-012024-01-3113824703core:Non-currentFinancialInstruments2024-01-3113824703core:Non-currentFinancialInstruments2023-01-3113824703dpl:CostSales2023-02-012024-01-3113824703dpl:DistributionCosts2023-02-012024-01-3113824703core:LandBuildings2023-02-012024-01-3113824703core:PlantMachinery2023-02-012024-01-3113824703core:Vehicles2023-02-012024-01-3113824703core:FurnitureFittings2023-02-012024-01-3113824703core:OfficeEquipment2023-02-012024-01-3113824703dpl:AdministrativeExpenses2023-02-012024-01-3113824703core:NetGoodwill2023-02-012024-01-3113824703core:IntangibleAssetsOtherThanGoodwill2023-02-012024-01-3113824703dpl:GroupUndertakings2023-02-012024-01-3113824703dpl:ParticipatingInterests2023-02-012024-01-3113824703dpl:GroupUndertakingscore:ListedExchangeTraded2023-02-012024-01-3113824703core:ListedExchangeTraded2023-02-012024-01-3113824703dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2023-02-012024-01-3113824703core:UnlistedNon-exchangeTraded2023-02-012024-01-3113824703dpl:CostSales2022-01-022023-01-3113824703dpl:DistributionCosts2022-01-022023-01-3113824703core:LandBuildings2022-01-022023-01-3113824703core:PlantMachinery2022-01-022023-01-3113824703core:Vehicles2022-01-022023-01-3113824703core:FurnitureFittings2022-01-022023-01-3113824703core:OfficeEquipment2022-01-022023-01-3113824703dpl:AdministrativeExpenses2022-01-022023-01-3113824703core:NetGoodwill2022-01-022023-01-3113824703core:IntangibleAssetsOtherThanGoodwill2022-01-022023-01-3113824703dpl:GroupUndertakings2022-01-022023-01-3113824703dpl:ParticipatingInterests2022-01-022023-01-3113824703dpl:GroupUndertakingscore:ListedExchangeTraded2022-01-022023-01-3113824703core:ListedExchangeTraded2022-01-022023-01-3113824703dpl:GroupUndertakingscore:UnlistedNon-exchangeTraded2022-01-022023-01-3113824703core:UnlistedNon-exchangeTraded2022-01-022023-01-3113824703core:NetGoodwill2024-01-3113824703core:IntangibleAssetsOtherThanGoodwill2024-01-3113824703core:LandBuildings2024-01-3113824703core:PlantMachinery2024-01-3113824703core:Vehicles2024-01-3113824703core:FurnitureFittings2024-01-3113824703core:OfficeEquipment2024-01-3113824703core:AfterOneYear2024-01-3113824703core:WithinOneYear2024-01-3113824703core:ListedExchangeTraded2024-01-3113824703core:UnlistedNon-exchangeTraded2024-01-3113824703core:ShareCapital2024-01-3113824703core:SharePremium2024-01-3113824703core:RevaluationReserve2024-01-3113824703core:OtherReservesSubtotal2024-01-3113824703core:RetainedEarningsAccumulatedLosses2024-01-3113824703core:NetGoodwill2023-01-3113824703core:IntangibleAssetsOtherThanGoodwill2023-01-3113824703core:LandBuildings2023-01-3113824703core:PlantMachinery2023-01-3113824703core:Vehicles2023-01-3113824703core:FurnitureFittings2023-01-3113824703core:OfficeEquipment2023-01-3113824703core:AfterOneYear2023-01-3113824703core:WithinOneYear2023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ICONIC TRADE LTD

(formerly AMZWEALTHCLUB LTD)

Registered Number
13824703
(England and Wales)

Unaudited Financial Statements for the Year ended
31 January 2024

ICONIC TRADE LTD
Company Information
for the year from 1 February 2023 to 31 January 2024

Director

Mr Sayel Awes Abukar

Registered Address

111 North Road
Manchester
M11 4NE

Registered Number

13824703 (England and Wales)
ICONIC TRADE LTD
Balance Sheet as at
31 January 2024

Notes

2024

2023

£

£

£

£

Current assets
Debtors757-
Cash at bank and on hand21,5491,749
22,3061,749
Creditors amounts falling due within one year(22,042)(1,282)
Net current assets (liabilities)264467
Total assets less current liabilities264467
Net assets264467
Capital and reserves
Called up share capital11
Profit and loss account263466
Shareholders' funds264467
The financial statements were approved and authorised for issue by the Director on 6 March 2024, and are signed on its behalf by:
Mr Sayel Awes Abukar
Director
Registered Company No. 13824703
ICONIC TRADE LTD
Notes to the Financial Statements
for the year ended 31 January 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
These financial statements have been prepared in accordance with the provisions of FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” including Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Functional and presentation currency
The financial statements are presented in sterling and this is the functional currency of the company.
Revenue from sale of goods
Revenue from the sale of goods is recognised when the company has transferred to the buyer the significant risks and rewards of ownership of the goods, usually when goods are delivered and legal title has passed. Providing the amount of revenue can be measured reliably, it is probable that the economic benefits associated with the transaction will flow to the company and the costs incurred or to be incurred in respect of the transition can be measured reliably.
Employee benefits
Short-term employee benefits are measured at the undiscounted amount expected to be paid in exchange for the employee's services to the company. Where employees have accrued short-term benefits which the entity has not paid by the balance sheet date, an accrual is recognised within creditors: amounts falling due within one year together with an associated expense in profit or loss. The liabilities are classified as current obligations in the statement of financial position because they are expected to be settled wholly within twelve months after the end of the period.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. 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.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Deferred tax is calculated using timing difference plus approach. 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.
Financial instruments
A financial asset or financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit or loss. All other investments are subsequently measured at cost less impairment. Debtors and creditors which fall due within one year are recorded in the financial statements at transaction price and subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded in profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value. Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.
2.Average number of employees

20242023
Average number of employees during the year11