Caseware UK (AP4) 2023.0.135 2023.0.135 2023-12-312023-12-312023-01-011No description of principal activitytruefalse1falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 12265708 2023-01-01 2023-12-31 12265708 2022-01-01 2022-12-31 12265708 2023-12-31 12265708 2022-12-31 12265708 c:Director1 2023-01-01 2023-12-31 12265708 d:ComputerEquipment 2023-01-01 2023-12-31 12265708 d:ComputerEquipment 2023-12-31 12265708 d:ComputerEquipment 2022-12-31 12265708 d:ComputerEquipment d:OwnedOrFreeholdAssets 2023-01-01 2023-12-31 12265708 d:CurrentFinancialInstruments 2023-12-31 12265708 d:CurrentFinancialInstruments 2022-12-31 12265708 d:CurrentFinancialInstruments d:WithinOneYear 2023-12-31 12265708 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 12265708 d:ShareCapital 2023-12-31 12265708 d:ShareCapital 2022-12-31 12265708 d:RetainedEarningsAccumulatedLosses 2023-12-31 12265708 d:RetainedEarningsAccumulatedLosses 2022-12-31 12265708 c:OrdinaryShareClass1 2023-01-01 2023-12-31 12265708 c:OrdinaryShareClass1 2023-12-31 12265708 c:FRS102 2023-01-01 2023-12-31 12265708 c:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 12265708 c:FullAccounts 2023-01-01 2023-12-31 12265708 c:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 12265708 e:PoundSterling 2023-01-01 2023-12-31 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12265708









ICONSALVI MEDIA GROUP LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 DECEMBER 2023

 
ICONSALVI MEDIA GROUP LTD
REGISTERED NUMBER: 12265708

STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2023

2023
2023
2022
2022
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
4,689
3,349

Current assets
  

Stocks
  
170,785
106,688

Debtors
  
314,113
531,784

Cash at bank and in hand
  
374,741
79,115

  
859,639
717,587

Creditors: amounts falling due within one year
 5 
(442,061)
(328,414)

Net current assets
  
 
 
417,578
 
 
389,173

Net assets
  
422,267
392,522


Capital and reserves
  

Called up share capital 
 6 
1
1

Profit and loss account
  
422,266
392,521

  
422,267
392,522


The director considers that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the Year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 31 January 2025.

J Consalvi
Director

The notes on pages 2 to 6 form part of these financial statements.

Page 1

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

1.


General information

Iconsalvi Limited ('the company') is a private limited by shares and is incorporated and domiciled in England.  The address is its registered office is 124 Finchley Road, London, United Kingdom, NW3 5JS. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 following principal accounting policies have been applied:

 
2.2

Foreign currency translation

Functional and presentation currency

The company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 2

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)

 
2.3

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Sale of goods

Revenue from the sale of goods is recognised when all of the following conditions are satisfied:
the company has transferred the significant risks and rewards of ownership to the buyer;
the company retains neither continuing managerial involvement to the degree usually associated with ownership nor effective control over the goods sold;
the amount of revenue can be measured reliably;
it is probable that the company will receive the consideration due under the transaction; and
the costs incurred or to be incurred in respect of the transaction can be measured reliably.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates income.

 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 3

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

2.Accounting policies (continued)


2.6
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, .

Depreciation is provided on the following basis:

Computer equipment
-
25% reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

  
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment.

  
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours.

  
2.9

Creditors

Short-term creditors are measured at the transaction price.

  
2.10

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties and loans to related parties.

  
2.11

Dividends

Equity dividends are recognised when they become legally payable.

 
2.12

Stocks

Stocks are stated at the lower of cost and net realisable value, being the estimated selling price less costs to complete and sell. Cost is based on the cost of purchase on a first in, first out basis. Work in progress and finished goods include labour and attributable overheads.

At each reporting date, stocks are assessed for impairment. If stock is impaired, the carrying amount is reduced to its selling price less costs to complete and sell. The impairment loss is recognised immediately in profit or loss.

Page 4

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

3.


Employees

The average monthly number of employees, including directors, during the Year was 1 (2022 - 1).


4.


Tangible fixed assets





Computer equipment

£



Cost or valuation


At 1 January 2023
3,458


Additions
2,353



At 31 December 2023

5,811



Depreciation


At 1 January 2023
109


Charge for the Year on owned assets
1,013



At 31 December 2023

1,122



Net book value



At 31 December 2023
4,689



At 31 December 2022
3,349


5.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
9,655
6,355

Corporation tax
96,387
79,976

Other taxation and social security
21,036
21,949

Other creditors
109,983
55,927

Accruals and deferred income
205,000
164,207

442,061
328,414


Page 5

 
ICONSALVI MEDIA GROUP LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 DECEMBER 2023

6.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



1 Ordinary share of £1.00
1
1



7.


Related party transactions

The company owed £1,426 (2022 - £8,290) to the Director.
The company was owed £282,396 from Ecomsalvi LLC, a related company.

 
Page 6