ICOSTARA LIMITED

Company Registration Number:
08610072 (England and Wales)

Unaudited statutory accounts for the year ended 31 July 2023

Period of accounts

Start date: 01 August 2022

End date: 31 July 2023

ICOSTARA LIMITED

Contents of the Financial Statements

for the Period Ended 31 July 2023

Company Information - 3
Report of the Directors - 4
Profit and Loss Account - 5
Balance sheet - 6
Additional notes - 8
Balance sheet notes - 11

ICOSTARA LIMITED

Company Information

for the Period Ended 31 July 2023




Director: Suminda Ragunath Dissanayake
Registered office: 15
Wraysbury Drive
Yiewsley
West Drayton
England
UB7 7FL
Company Registration Number: 08610072 (England and Wales)

ICOSTARA LIMITED

Directors' Report Period Ended 31 July 2023

The directors present their report with the financial statements of the company for the period ended 31 July 2023

Principal Activities

Information technology consultancy activities.

Directors

The directors shown below have held office during the whole of the period from 01 August 2022 to 31 July 2023
Suminda Ragunath Dissanayake

This report was approved by the board of directors on 31 July 2024
And Signed On Behalf Of The Board By:

Name: Suminda Ragunath Dissanayake
Status: Director

ICOSTARA LIMITED

Profit and Loss Account

for the Period Ended 31 July 2023


Notes

2023
£

2022
£
Turnover 0 81,600
Cost of sales ( 0 ) ( 17,882 )
Gross Profit or (Loss) 0 63,718
Distribution Costs ( 6,175 ) ( 1,375 )
Administrative Expenses ( 34,532 ) ( 49,950 )
Operating Profit or (Loss) ( 40,707 ) 12,393
Interest Payable and Similar Charges - ( 1,769 )
Profit or (Loss) Before Tax ( 40,707 ) 10,624
Profit or (Loss) for Period ( 40,707 ) 10,624

The notes form part of these financial statements

ICOSTARA LIMITED

Balance sheet

As at 31 July 2023


Notes

2023
£

2022
£
Fixed assets
Tangible assets: 4 30,012 40,016
Total fixed assets: 30,012 40,016
Current assets
Debtors: 5 272,951 244,694
Cash at bank and in hand: 1,978 51,673
Total current assets: 274,929 296,367
Prepayments and accrued income: 100
Creditors: amounts falling due within one year: 6 ( 11,233 ) ( 13,582 )
Net current assets (liabilities): 263,796 282,785
Total assets less current liabilities: 293,808 322,801
Creditors: amounts falling due after more than one year: 7 ( 51,615 ) ( 40,000 )
Total net assets (liabilities): 242,193 282,801

The notes form part of these financial statements

ICOSTARA LIMITED

Balance sheet continued

As at 31 July 2023


Notes

2023
£

2022
£
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 242,093 282,701
Shareholders funds: 242,193 282,801

For the year ending 31 July 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 31 July 2024
And Signed On Behalf Of The Board By:

Name: Suminda Ragunath Dissanayake
Status: Director

The notes form part of these financial statements

ICOSTARA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover is measured at the fair value of the consideration received or receivable, net of discounts
    and value added taxes. Turnover includes revenue earned from the sale of goods and from the
    rendering of services. Turnover from the sale of goods is recognised when the significant risks
    and rewards of ownership of the goods have transferred to the buyer. 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 depreciation policy

    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:

    Equipment, Fixtures & fittings: 25% Reducing balance

    Motor Vehicles: 25% Reducing balance

ICOSTARA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 2. Employees


    2023

    2022
    Average number of employees during the period 1 1

ICOSTARA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

  • 3. Off balance sheet disclosure

    No

ICOSTARA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

4. Tangible assets

Plant & machinery Motor vehicles Total
Cost £ £ £
At 01 August 2022 10,248 80,208 90,456
Additions - - -
Disposals - - -
Revaluations - - -
Transfers - - -
At 31 July 2023 10,248 80,208 90,456
Depreciation
At 01 August 2022 4,142 46,298 50,440
Charge for year 1,526 8,478 10,004
On disposals - - -
Other adjustments - - -
At 31 July 2023 5,668 54,776 60,444
Net book value
At 31 July 2023 4,580 25,432 30,012
At 31 July 2022 6,106 33,910 40,016

ICOSTARA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

5. Debtors


2023
£

2022
£
Trade debtors 368 244,694
Other debtors 272,583
Total 272,951 244,694

ICOSTARA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

6.Creditors: amounts falling due within one year note


2023
£

2022
£
Trade creditors 11,233 1,620
Taxation and social security 11,962
Total 11,233 13,582

ICOSTARA LIMITED

Notes to the Financial Statements

for the Period Ended 31 July 2023

7.Creditors: amounts falling due after more than one year


2023
£

2022
£
Bank loans and overdrafts 51,615 40,000
Total 51,615 40,000