BrightAccountsProduction v1.0.0 v1.0.0 2023-08-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is information technology consultancy activities. 13 September 2024 1 1 12128487 2024-07-31 12128487 2023-07-31 12128487 2022-07-31 12128487 2023-08-01 2024-07-31 12128487 2022-08-01 2023-07-31 12128487 uk-bus:PrivateLimitedCompanyLtd 2023-08-01 2024-07-31 12128487 uk-curr:PoundSterling 2023-08-01 2024-07-31 12128487 uk-bus:SmallCompaniesRegimeForAccounts 2023-08-01 2024-07-31 12128487 uk-bus:FullAccounts 2023-08-01 2024-07-31 12128487 uk-bus:Director1 2023-08-01 2024-07-31 12128487 uk-bus:RegisteredOffice 2023-08-01 2024-07-31 12128487 uk-bus:Agent1 2023-08-01 2024-07-31 12128487 uk-core:ShareCapital 2024-07-31 12128487 uk-core:ShareCapital 2023-07-31 12128487 uk-core:RetainedEarningsAccumulatedLosses 2024-07-31 12128487 uk-core:RetainedEarningsAccumulatedLosses 2023-07-31 12128487 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2024-07-31 12128487 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-07-31 12128487 uk-bus:FRS102 2023-08-01 2024-07-31 12128487 uk-core:FurnitureFittingsToolsEquipment 2023-08-01 2024-07-31 12128487 uk-core:WithinOneYear 2024-07-31 12128487 uk-core:WithinOneYear 2023-07-31 12128487 uk-core:EmployeeBenefits 2023-07-31 12128487 uk-core:EmployeeBenefits 2023-08-01 2024-07-31 12128487 uk-core:AcceleratedTaxDepreciationDeferredTax 2024-07-31 12128487 uk-core:TaxLossesCarry-forwardsDeferredTax 2024-07-31 12128487 uk-core:OtherDeferredTax 2024-07-31 12128487 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2024-07-31 12128487 uk-core:EmployeeBenefits 2024-07-31 12128487 2023-08-01 2024-07-31 12128487 uk-bus:AuditExempt-NoAccountantsReport 2023-08-01 2024-07-31 xbrli:pure iso4217:GBP xbrli:shares
Company Registration Number: 12128487
 
 
Iciara Limited
 
Unaudited Financial Statements
 
for the financial year to cessation on 31 July 2024



Iciara Limited
DIRECTOR AND OTHER INFORMATION

 
Director Ciara Deery
 
 
Company Registration Number 12128487
 
 
Registered Office and Business Address International House
64 Nile Street
London
N1 7SR
United Kingdom
 
 
Accountants Quarter
Chartered Accountants
St Anne's House
15 Church Street
Cathedral Quarter
BT1 1PG
United Kingdom
 
 
Bankers HSBC
  25-29 Royal Avenue
  Belfast
  BT1 1FB



Iciara Limited
Company Registration Number: 12128487
STATEMENT OF FINANCIAL POSITION
as at 31 July 2024

2024 2023
Notes £ £
 
Non-Current Assets
Property, plant and equipment 4 - 58
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Current Assets
Receivables 5 1,132 37
Cash and cash equivalents 35,706 50,392
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36,838 50,429
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Payables: amounts falling due within one year 6 (36,838) (5,433)
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Net Current (Liabilities)/Assets - 44,996
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Total Assets less Current Liabilities - 45,054
 
Provisions for liabilities 8 - (11)
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Net (Liabilities)/Assets - 45,043
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Equity
Called up share capital 10 10
Retained earnings (10) 45,033
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Equity attributable to owners of the company - 45,043
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The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Income Statement and Director's Report.
           
For the financial year to cessation on 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The director confirms that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The director acknowledges their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Director and authorised for issue on 13 September 2024
           
           
________________________________          
Ciara Deery          
Director          
           



Iciara Limited
NOTES TO THE FINANCIAL STATEMENTS
for the financial year to cessation on 31 July 2024

   
1. General Information
 
Iciara Limited is a company limited by shares incorporated and registered in the England. The registered number of the company is 12128487. The registered office of the company is International House, 64 Nile Street, London, N1 7SR, United Kingdom which is also the principal place of business of the company. The principal activity of the company is information technology consultancy activities. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the financial year ended 31 July 2024 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Revenue
Revenue comprises the invoice value of goods supplied by the company, exclusive of trade discounts and value added tax.
 
Property, plant and equipment and depreciation
Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:
 
  Fixtures, fittings and equipment - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Trade and other receivables
Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Provisions
Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.
 
Trade and other payables
Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Employee benefits
The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.
 
Foreign currencies
Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including director, during the financial year was 1
 
  2024 2023
  Number Number
 
Director 1 1
  ═════════ ═════════
       
4. Property, plant and equipment
  Fixtures, Total
  fittings and  
  equipment  
  £ £
Cost
At 1 August 2023 608 608
  ───────── ─────────
 
At 31 July 2024 608 608
  ───────── ─────────
Depreciation
At 1 August 2023 550 550
Charge for the financial year 58 58
  ───────── ─────────
At 31 July 2024 608 608
  ───────── ─────────
Carrying amount
At 31 July 2024 - -
  ═════════ ═════════
At 31 July 2023 58 58
  ═════════ ═════════
       
5. Receivables 2024 2023
  £ £
 
Taxation  (Note 7) 1,132 37
  ═════════ ═════════
       
6. Payables 2024 2023
Amounts falling due within one year £ £
 
Taxation  (Note 7) - 3,828
Director's current account 35,388 155
Accruals 1,450 1,450
  ───────── ─────────
  36,838 5,433
  ═════════ ═════════
       
7. Taxation 2024 2023
  £ £
 
Receivables:
VAT 139 37
Corporation tax 993 -
  ───────── ─────────
  1,132 37
  ═════════ ═════════
Payables:
Corporation tax - 3,828
  ═════════ ═════════
         
8. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2024 2023
  £ £ £
 
At financial year start 11 11 (404)
Charged to profit and loss (11) (11) 415
  ───────── ───────── ─────────
At financial year end - - 11
  ═════════ ═════════ ═════════
       
9. Capital commitments
 
The company had no material capital commitments at the financial year-ended 31 July 2024.
   
10. Director's advances, credits and guarantees
 
As at 1st August 2023 the company owed £155 to the director. During the year net transactions between director and the company totaled £35,233. As at 31st July 2024 the company owed £35,388 to the director.
   
11. Events After the End of the Reporting Period
 
There have been no significant events affecting the company since the financial year-end.