Registered number
12175379
Ice Apparel Holdings Ltd
Filleted Accounts
31 August 2023
Ice Apparel Holdings Ltd
Registered number: 12175379
Balance Sheet
as at 31 August 2023
Notes 2023 2022
£ £
Current assets
Stocks 11,500 13,500
Debtors 3 2,245 11,926
Cash at bank and in hand 898 4,148
14,643 29,574
Creditors: amounts falling due within one year 4 (14,086) (29,036)
Net current assets 557 538
Net assets 557 538
Capital and reserves
Called up share capital 100 100
Profit and loss account 457 438
Shareholders' funds 557 538
The directors are 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 directors acknowledge their 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.
Sundeep Singh Khela
Director
Approved by the board on 30 August 2024
Ice Apparel Holdings Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Turnover
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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Debtors 2023 2022
£ £
Trade debtors 2,245 11,926
4 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 4,957 23,397
Taxation and social security costs 1,216 785
Other creditors 7,913 4,854
14,086 29,036
5 Other information
Ice Apparel Holdings Ltd is a private company limited by shares and incorporated in England. Its registered office is:
79 Ward Road
Wolverhampton
West Midlands
WV4 5EZ
6 Going concern
The financial statements have been prepared on the basis that the company is a going concern and that the directors will continue to support the company.
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