Company registration number 11923715 (England and Wales)
Ican Environmental Ltd
UNAUDITED FINANCIAL STATEMENTS
for the year ended 31 March 2024
PAGES FOR FILING WITH REGISTRAR
Ican Environmental Ltd
Contents
Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 4
Ican Environmental Ltd
Statement Of Financial Position
as at 31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
90
106
Current assets
Debtors
683
222
Cash at bank and in hand
416
117
1,099
339
Creditors: amounts falling due within one year
(21,054)
(10,731)
Net current liabilities
(19,955)
(10,392)
Total assets less current liabilities
(19,865)
(10,286)
Creditors: amounts falling due after more than one year
(1,400)
(2,600)
Net liabilities
(21,265)
(12,886)
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
(21,365)
(12,986)
Total equity
(21,265)
(12,886)
Ican Environmental Ltd
Statement Of Financial Position (continued)
as at 31 March 2024
- 2 -
In accordance with section 444 of the Companies Act 2006, all of the members of the company have consented to the preparation of abridged financial statements pursuant to paragraph 1A of Schedule 1 to the Small Companies and Groups (Accounts and Directors’ Report) Regulations (SI 2008/409)(b).
The director of the company has elected not to include a copy of the income statement within the financial statements.true
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 21 October 2024
K Liddle
Director
Company Registration No. 11923715
Ican Environmental Ltd
Notes to the financial statements
for the year ended 31 March 2024
- 3 -
1
Accounting policies
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business.
Turnover is recognised when the services have been provided to the customer.
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings
15% reducing balance
Computers
33% straight line
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end 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 represent accumulated differences between the company's taxable profit and its financial profit arise primarily from the differences between the accelerated capital allowances and depreciation.
Ican Environmental Ltd
Notes to the financial statements (continued)
for the year ended 31 March 2024
- 4 -
2
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
1
1
3
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 April 2023
204
1,640
1,844
Disposals
(105)
(105)
At 31 March 2024
204
1,535
1,739
Depreciation and impairment
At 1 April 2023
98
1,640
1,738
Depreciation charged in the year
16
16
Eliminated in respect of disposals
(105)
(105)
At 31 March 2024
114
1,535
1,649
Carrying amount
At 31 March 2024
90
90
At 31 March 2023
106
106
4
Company information
Ican Environmental Ltd is a private company limited by shares incorporated in England and Wales. The registered office is Lowgate Crossing Farm, Lowgate, Balne, Goole, DN14 0ED.