1 June 2023 false No description of principal activity Taxfiler 2024.6 11384164business:PrivateLimitedCompanyLtd2023-06-012024-05-31 113841642023-05-31 113841642023-06-012024-05-31 11384164business:AuditExempt-NoAccountantsReport2023-06-012024-05-31 11384164business:FilletedAccounts2023-06-012024-05-31 113841642024-05-31 11384164business:Director12023-06-012024-05-31 11384164business:RegisteredOffice2023-06-012024-05-31 113841642023-05-31 11384164core:WithinOneYear2024-05-31 11384164core:WithinOneYear2023-05-31 11384164core:AfterOneYear2024-05-31 11384164core:AfterOneYear2023-05-31 11384164core:ShareCapitalcore:PreviouslyStatedAmount2024-05-31 11384164core:ShareCapitalcore:PreviouslyStatedAmount2023-05-31 11384164core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-05-31 11384164core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-05-31 11384164core:PreviouslyStatedAmount2024-05-31 11384164core:PreviouslyStatedAmount2023-05-31 11384164business:SmallEntities2023-06-012024-05-31 11384164countries:EnglandWales2023-06-012024-05-31 11384164core:IntangibleAssetsOtherThanGoodwill2023-05-31 11384164core:IntangibleAssetsOtherThanGoodwill2023-06-012024-05-31 11384164core:IntangibleAssetsOtherThanGoodwill2024-05-31 11384164core:ComputerEquipment2023-05-31 11384164core:ComputerEquipment2024-05-31 11384164core:ComputerEquipment2023-06-012024-05-31 11384164core:AdditionsToInvestments2024-05-31 113841642022-06-012023-05-31 iso4217:GBP xbrli:pure
Company Registration No. 11384164 (England and Wales)
ICEO LAB LTD Unaudited accounts for the year ended 31 May 2024
ICEO LAB LTD Unaudited accounts Contents
Page
- 2 -
ICEO LAB LTD Company Information for the year ended 31 May 2024
Director
Wojciech Piotr Sroka
Company Number
11384164 (England and Wales)
Registered Office
Office 407B, 182-184 High Street North London E6 2JA United Kingdom
Accountants
Crastinum LTD Office 46B 182-184 High Street North London E6 2JA
- 3 -
ICEO LAB LTD Statement of financial position as at 31 May 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Intangible assets
1,074,623 
958,291 
Tangible assets
- 
598 
Investments
73,838 
- 
1,148,461 
958,889 
Current assets
Debtors
244,975 
145,946 
Cash at bank and in hand
127,465 
3,394 
372,440 
149,340 
Creditors: amounts falling due within one year
(792,676)
(737,969)
Net current liabilities
(420,236)
(588,629)
Total assets less current liabilities
728,225 
370,260 
Creditors: amounts falling due after more than one year
(401,128)
(822,893)
Net assets/(liabilities)
327,097 
(452,633)
Capital and reserves
Called up share capital
1,000 
1,000 
Profit and loss account
326,097 
(453,633)
Shareholders' funds
327,097 
(452,633)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 21 February 2025 and were signed on its behalf by
Wojciech Piotr Sroka Director Company Registration No. 11384164
- 4 -
ICEO LAB LTD Notes to the Accounts for the year ended 31 May 2024
1
Statutory information
ICEO LAB LTD is a private company, limited by shares, registered in England and Wales, registration number 11384164. The registered office is Office 407B, 182-184 High Street North, London, E6 2JA, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets. These financial statements are the company’s separate financial statements. The company has taken advantage of the exemption from preparing consolidated financial statements under section 399 of the Companies Act 2006 and paragraph 9.3 of FRS 102, as both the company and the group qualify as small under sections 382 to 384 of the Companies Act 2006 and meet the qualifying criteria for a small group. The exemption is subject to further conditions set out in the relevant sections of the Companies Act 2006.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Intangible fixed assets
Intangible fixed assets (including purchased goodwill and patents) are included at cost less accumulated amortisation.
Investments in subsidiaries
Investments in subsidiaries are included at cost less impairment. This policy is applied consistently to all investments in subsidiaries held by the company.
- 5 -
ICEO LAB LTD Notes to the Accounts for the year ended 31 May 2024
4
Intangible fixed assets
Other 
£ 
Cost
At 1 June 2023
958,291 
Additions
116,359 
Revaluations
(27)
At 31 May 2024
1,074,623 
Amortisation
At 1 June 2023
- 
At 31 May 2024
- 
Net book value
At 31 May 2024
1,074,623 
At 31 May 2023
958,291 
The amount of 1,074,511.26 relates to a project under development and is not yet ready for use, which means that amortisation has not yet commenced.
5
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 June 2023
1,775 
At 31 May 2024
1,775 
Depreciation
At 1 June 2023
1,177 
Charge for the year
598 
At 31 May 2024
1,775 
Net book value
At 31 May 2024
- 
At 31 May 2023
598 
- 6 -
ICEO LAB LTD Notes to the Accounts for the year ended 31 May 2024
6
Investments
Subsidiary undertakings 
£ 
Valuation at 1 June 2023
- 
Additions
73,838 
Valuation at 31 May 2024
73,838 
The following subsidiaries are controlled by the company: The Company holds 100% of the share capital and voting rights in ICEO CAPITAL PL-1 SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA, address : UL. SMOLENSK 23 /2, 31-108 KRAKOW, POLAND, a company incorporated in Poland with registration number KRS: 0000883933. The Company holds 100% of the share capital and voting rights in ICEO OUTSOURCING SPOLKA Z OGRANICZONA ODPOWIEDZIALNOSCIA, address : UL. SMOLENSK 23 /2, 31-108 KRAKOW, POLAND , a company incorporated in Poland with registration number KRS: 0001015423.
7
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
VAT
7,635 
5,390 
Trade debtors
63,316 
46,027 
Accrued income and prepayments
4,233 
20,167 
Other debtors
121,091 
74,362 
196,275 
145,946 
Amounts falling due after more than one year
Other debtors
48,700 
- 
8
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Trade creditors
385,131 
297,312 
Taxes and social security
354,823 
37,976 
Other creditors
32,257 
402,681 
Loans from directors
20,465 
- 
792,676 
737,969 
9
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Other creditors
401,081 
822,870 
Taxes and social security
47 
23 
401,128 
822,893 
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -
ICEO LAB LTD Notes to the Accounts for the year ended 31 May 2024
11
Reconciliations on adoption of FRS 102
- 8 -