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REGISTERED NUMBER: 07979048 (England and Wales)















Financial Statements for the Year Ended 31 March 2024

for

Igloo Creative Agency Ltd

Igloo Creative Agency Ltd (Registered number: 07979048)






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

Report of the Accountants 7

Igloo Creative Agency Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr Gordon McCrae Hall
Miss Sarah Hall





REGISTERED OFFICE: 395-397 Woodchurch Road
Prenton
Wirral
Merseyside
CH42 8PF





REGISTERED NUMBER: 07979048 (England and Wales)





ACCOUNTANTS: Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside

Igloo Creative Agency Ltd (Registered number: 07979048)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,178 1,703

CURRENT ASSETS
Stocks 2,000 -
Debtors 5 525 8,890
Cash at bank and in hand 9,969 5,514
12,494 14,404
CREDITORS
Amounts falling due within one year 6 7,734 6,972
NET CURRENT ASSETS 4,760 7,432
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,938

9,135

CREDITORS
Amounts falling due after more than one
year

7

(5,603

)

(7,856

)

PROVISIONS FOR LIABILITIES (224 ) -
NET ASSETS 111 1,279

CAPITAL AND RESERVES
Called up share capital 8 200 200
Retained earnings 9 (89 ) 1,079
SHAREHOLDERS' FUNDS 111 1,279

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 directors acknowledge their 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.

Igloo Creative Agency Ltd (Registered number: 07979048)

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 Board of Directors and authorised for issue on 8 October 2024 and were signed on its behalf by:





Miss Sarah Hall - Director


Igloo Creative Agency Ltd (Registered number: 07979048)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

Igloo Creative Agency Ltd 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.
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 - NIL).

Igloo Creative Agency Ltd (Registered number: 07979048)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 1,375 15,136 16,511
DEPRECIATION
At 1 April 2023 1,243 13,565 14,808
Charge for year 132 393 525
At 31 March 2024 1,375 13,958 15,333
NET BOOK VALUE
At 31 March 2024 - 1,178 1,178
At 31 March 2023 132 1,571 1,703

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 533
Directors' current accounts 525 8,357
525 8,890

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Tax 7,706 2,555
Directors' current accounts 28 3,217
Accrued expenses - 1,200
7,734 6,972

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 5,603 7,856

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
100 Ordinary 1 100 100
100 Ordinary A 1 100 100
200 200

Igloo Creative Agency Ltd (Registered number: 07979048)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. RESERVES
Retained
earnings
£   

At 1 April 2023 1,079
Profit for the year 31,812
Dividends (32,980 )
At 31 March 2024 (89 )

Igloo Creative Agency Ltd

Report of the Accountants to the Directors of
Igloo Creative Agency Ltd

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

As described on the Balance Sheet you are responsible for the preparation of the financial statements for the year ended 31 March 2024 set out on pages two to eight and you consider that the company is exempt from an audit.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied to us.






Cheryl Bostock & Company Accountants Limited
395-397 Woodchurch Road
Prenton
Birkenhead
Merseyside


8 October 2024