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
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
ICEO LAB LTD
Statement of financial position
as at 31 May 2024
Intangible assets
1,074,623
958,291
Cash at bank and in hand
127,465
3,394
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)
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
ICEO LAB LTD
Notes to the Accounts
for the year ended 31 May 2024
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.
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.
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.
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 (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.
ICEO LAB LTD
Notes to the Accounts
for the year ended 31 May 2024
4
Intangible fixed assets
Other
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
ICEO LAB LTD
Notes to the Accounts
for the year ended 31 May 2024
6
Investments
Subsidiary undertakings
Valuation at 1 June 2023
-
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.
Amounts falling due within one year
Trade debtors
63,316
46,027
Accrued income and prepayments
4,233
20,167
Other debtors
121,091
74,362
Amounts falling due after more than one year
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
-
9
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
401,081
822,870
Taxes and social security
47
23
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
ICEO LAB LTD
Notes to the Accounts
for the year ended 31 May 2024
11
Reconciliations on adoption of FRS 102