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REGISTERED NUMBER: 04996179 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Ice Media (London) Limited

Ice Media (London) Limited (Registered number: 04996179)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Ice Media (London) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: H Patel





REGISTERED OFFICE: 401 Nether Street
London
N3 1QG





REGISTERED NUMBER: 04996179 (England and Wales)





ACCOUNTANTS: Integral Associates Limited
Unit 25 Sarum Complex
Salisbury Road
Uxbridge
Middlesex
UB8 2RZ

Ice Media (London) Limited (Registered number: 04996179)

Statement of Financial Position
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 301,635 237,457
Tangible assets 5 54,757 70,732
356,392 308,189

CURRENT ASSETS
Debtors 6 137,944 162,258
Cash at bank 132,803 141,593
270,747 303,851
CREDITORS
Amounts falling due within one year 7 373,173 401,307
NET CURRENT LIABILITIES (102,426 ) (97,456 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

253,966

210,733

CREDITORS
Amounts falling due after more than
one year

8

170,833

120,833
NET ASSETS 83,133 89,900

Ice Media (London) Limited (Registered number: 04996179)

Statement of Financial Position - continued
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 83,033 89,800
SHAREHOLDERS' FUNDS 83,133 89,900

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 director acknowledges his 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.

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 director and authorised for issue on 4 December 2024 and were signed by:





H Patel - Director


Ice Media (London) Limited (Registered number: 04996179)

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

1. STATUTORY INFORMATION

Ice Media (London) Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2021, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

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 statement of financial position date.


Ice Media (London) Limited (Registered number: 04996179)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 15 (2023 - 15 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 April 2023 288,800
Additions 107,200
At 31 March 2024 396,000
AMORTISATION
At 1 April 2023 51,343
Amortisation for year 43,022
At 31 March 2024 94,365
NET BOOK VALUE
At 31 March 2024 301,635
At 31 March 2023 237,457

Ice Media (London) Limited (Registered number: 04996179)

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

5. TANGIBLE FIXED ASSETS
Motor Computer
vehicles equipment Totals
£    £    £   
COST
At 1 April 2023
and 31 March 2024 95,341 19,671 115,012
DEPRECIATION
At 1 April 2023 41,712 2,568 44,280
Charge for year 13,407 2,568 15,975
At 31 March 2024 55,119 5,136 60,255
NET BOOK VALUE
At 31 March 2024 40,222 14,535 54,757
At 31 March 2023 53,629 17,103 70,732

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 137,780 162,185
Other debtors 164 73
137,944 162,258

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (50,000 ) 50,000
Trade creditors 103,511 189,166
Taxation and social security 156,222 95,917
Other creditors 163,440 66,224
373,173 401,307

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans 170,833 120,833

Ice Media (London) Limited (Registered number: 04996179)

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

9. CALLED UP SHARE CAPITAL

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

10. ULTIMATE CONTROLLING PARTY

The controlling party is H Patel.