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REGISTERED NUMBER: 12497730 (England and Wales)












FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ICELAB ESSEX CRYO LIMITED

ICELAB ESSEX CRYO LIMITED (REGISTERED NUMBER: 12497730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICELAB ESSEX CRYO LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs K Frost





REGISTERED OFFICE: Turnpike House
1208/1210 London Road
Leigh On Sea
Essex
SS9 2UA





REGISTERED NUMBER: 12497730 (England and Wales)





ACCOUNTANTS: Segrave & Partners LLP
Chartered Accountants
Turnpike House
1208/1210 London Road
Leigh on Sea
Essex
SS9 2UA

ICELAB ESSEX CRYO LIMITED (REGISTERED NUMBER: 12497730)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,451 38,122

CURRENT ASSETS
Debtors 5 3,000 3,871
Cash at bank 1,338 1,324
4,338 5,195
CREDITORS
Amounts falling due within one year 6 2,346 54,835
NET CURRENT ASSETS/(LIABILITIES) 1,992 (49,640 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

31,443

(11,518

)

CREDITORS
Amounts falling due after more than one
year

7

88,000

48,922
NET LIABILITIES (56,557 ) (60,440 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings 9 (56,558 ) (60,441 )
SHAREHOLDERS' FUNDS (56,557 ) (60,440 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

ICELAB ESSEX CRYO LIMITED (REGISTERED NUMBER: 12497730)

BALANCE SHEET - continued
31 MARCH 2024


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 director and authorised for issue on 30 July 2024 and were signed by:





Mrs K Frost - Director


ICELAB ESSEX CRYO LIMITED (REGISTERED NUMBER: 12497730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

ICELAB Essex Cryo Limited 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

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.

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - 2 ).

ICELAB ESSEX CRYO LIMITED (REGISTERED NUMBER: 12497730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023
and 31 March 2024 49,680 27,912 873 78,465
DEPRECIATION
At 1 April 2023 28,722 10,748 873 40,343
Charge for year 5,239 3,432 - 8,671
At 31 March 2024 33,961 14,180 873 49,014
NET BOOK VALUE
At 31 March 2024 15,719 13,732 - 29,451
At 31 March 2023 20,958 17,164 - 38,122

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 3,000 3,000
VAT - 871
3,000 3,871

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 256 52,727
Accrued expenses 2,090 2,108
2,346 54,835

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Directors' loan accounts 88,000 48,922

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

ICELAB ESSEX CRYO LIMITED (REGISTERED NUMBER: 12497730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 (60,441 )
Profit for the year 3,883
At 31 March 2024 (56,558 )

10. GOING CONCERN

At the balance sheet date the company had net deficiency of assets of £56,557, and was therefore dependant upon the continued support from its principle creditor, including the director.

The director has confirmed that she will continue to support the company for the foreseeable future.

The financial statements have therefore been prepared on the going concern basis.