Registered number
06014730
Igloo Artists Limited
Filleted Accounts
30 November 2023
Igloo Artists Limited
Registered number: 06014730
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Other Debtors 6,300 -
Cash at bank and in hand 2,818 7,055
9,118 7,055
Creditors: amounts falling due within one year 4 (540) (1,443)
Net current assets 8,578 5,612
Total net (liabilities)/assets 8,578 5,612
The funds of the charity
accumulated funds 5 8,578 5,612
Total charity funds 8,578 5,612
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.
Richard Mair
Director
Approved by the board on 25 September 2024
Igloo Artists Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) as modified by the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales. The accounts have been drawn up in accordance with the provisions of the Charities Acts and the Companies Acts, and include the results of the charity’s operations which are described in the Trustees’ Report, all of which are continuing.
Incoming resources
Grants and donations are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Deferred income represents amounts received for future periods and is released to incoming sources in the period for which it has been received. Such income is only deferred when the donor specifies that the donation must only be used in future accounting periods or the donor has imposed conditions which must be met before the charity has unconditional entitlement.

Investment income is recognised on a receivable basis.
Resources expended
Liabilities are recognised on the accruals basis in accordance with normal accounting principles, modified where necessary in accordance with the guidance given in the Statement of Recommended Practice for Accounting and Reporting issued by the Charity Commissioners for England & Wales.

Charitable activities
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs
Governance costs include costs of the preparation and examination of the statutory accounts, the costs of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
Cash flow statement
The charity has taken advantage of the exemption applicable to small companies and not produced a cash flow statement.
Taxation
As a registered charity, the company is exempt from income and corporation tax to the extent that its income and gains are applicable to charitable purposes only.
1 Trustees remuneration and expenses
No remuneration or benefits were paid to trustees or persons connected with them during the year.
2023 2022
Average number of employees 1 1
2 Income Unrestricted funds Total funds
2023 2023 2022
£ £ £
Other operating income - - -
Artist fees 17,047 17,047 10,000
17,047 17,047 10,000
3 Expenditure 2023 2023 2022
£ £ £
a Costs of charitable activities
Production costs 810 810 2,331
Travel 4,988 4,988 960
Other costs 1,764 1,764 2,235
7,562 7,562 5,526
b Governance costs
Bank charges - - 141
Rent and rates 5,979 5,979 5,000
Examination and accountancy 540 540 540
6,519 6,519 5,681
4 Creditors: amounts falling due within one year 2023 2022
£ £
Accruals 540 1,443
5 Analysis of the Net movement in funds 2023
£
At 1 December 2022 5,612
Net movement in funds from Statement of Financial Activities 2,966
At 30 November 2023 8,578
6 Related party transactions
There were no related party transactions during the year.
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