Company Registration No. 12683775 (England and Wales)
Iconic Kitchens & Bedrooms Ltd
Unaudited accounts
for the year ended 31 July 2024
Iconic Kitchens & Bedrooms Ltd
Unaudited accounts
Contents
Iconic Kitchens & Bedrooms Ltd
Company Information
for the year ended 31 July 2024
Director
Mr Harendra Singh Kushwah
Company Number
12683775 (England and Wales)
Registered Office
UNIT 6 WARNFORD INDUSTRIAL ESTATE
CLAYTON ROAD
HAYES
UB3 1BQ
ENGLAND
Accountants
Majish
48a Bowrons Avenue
Wembley
Middlesex
HA0 4QP
Iconic Kitchens & Bedrooms Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
178,138
205,209
Inventories
320,141
304,437
Cash at bank and in hand
12,900
11,010
Creditors: amounts falling due within one year
(443,347)
(489,601)
Net current liabilities
(72,856)
(77,865)
Total assets less current liabilities
105,282
127,344
Creditors: amounts falling due after more than one year
(40,765)
(87,886)
Called up share capital
100
100
Profit and loss account
64,417
39,358
Shareholders' funds
64,517
39,458
For the year ending 31 July 2024 the company was entitled to exemption from audit 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 director acknowledges his 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 19 September 2024 and were signed on its behalf by
Mr Harendra Singh Kushwah
Director
Company Registration No. 12683775
Iconic Kitchens & Bedrooms Ltd
Notes to the Accounts
for the year ended 31 July 2024
Iconic Kitchens & Bedrooms Ltd is a private company, limited by shares, registered in England and Wales, registration number 12683775. The registered office is UNIT 6 WARNFORD INDUSTRIAL ESTATE, CLAYTON ROAD, HAYES, UB3 1BQ, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
10% on Cost
Plant & machinery
10% on Cost
Motor vehicles
20% on Cost
Fixtures & fittings
20% on Cost
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At cost
At cost
At 1 August 2023
2,480
220,200
3,700
24,850
251,230
Additions
-
-
-
1,134
1,134
At 31 July 2024
2,480
220,200
3,700
25,984
252,364
At 1 August 2023
496
37,840
2,220
5,465
46,021
Charge for the year
248
22,020
740
5,197
28,205
At 31 July 2024
744
59,860
2,960
10,662
74,226
At 31 July 2024
1,736
160,340
740
15,322
178,138
At 31 July 2023
1,984
182,360
1,480
19,385
205,209
Iconic Kitchens & Bedrooms Ltd
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Trade debtors
6,423
65,262
Other debtors
31,027
31,027
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Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
47,121
47,121
Trade creditors
52,181
179,915
Taxes and social security
5,623
-
Loans from directors
307,667
237,073
7
Creditors: amounts falling due after more than one year
2024
2023
Amounts due to directors at the balance sheet date is £307,667 (2023: £237,073). The balance arose as a series of small loans. During the period expenses were paid by the director on behalf of the business and were subsequently reimbursed.
Ultimate Controlling Party is Mr Harendra Singh Kushwah.
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Average number of employees
During the year the average number of employees was 12 (2023: 6).