Registered number
05223060
IULICER LIMITED
Filleted Accounts
30 September 2023
IULICER LIMITED
Registered number: 05223060
Balance Sheet
as at 30 September 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 428 666
Current assets
Cash at bank and in hand 1,570 11,234
Creditors: amounts falling due within one year 4 (1,078) (6,861)
Net current assets 492 4,373
Net assets 920 5,039
Capital and reserves
Called up share capital 100 100
Profit and loss account 820 4,939
Shareholders' funds 920 5,039
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Iuliana Cerchezan
Director
Approved by the board on 9 April 2024
IULICER LIMITED
Notes to the Accounts
for the year ended 30 September 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts. Turnover includes revenue earned from rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 October 2022 7,065
At 30 September 2023 7,065
Depreciation
At 1 October 2022 6,399
Charge for the year 238
At 30 September 2023 6,637
Net book value
At 30 September 2023 428
At 30 September 2022 666
4 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 450 372
Other creditors 628 6,489
1,078 6,861
5 Controlling party
The company was in both the current and preceding accounting periods under the ultimate control of its director by virtue of her ownership of the company’s entire issued share capital.
6 Other information
IULICER LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
155A West Green Road
London
N15 5EA
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