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Company Registration No. 11474958 (England and Wales)
iCo Products Ltd Unaudited accounts for the year ended 31 July 2024
iCo Products Ltd Unaudited accounts Contents
Page
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iCo Products Ltd Statement of financial position as at 31 July 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
4,637 
2,703 
Current assets
Inventories
581,767 
672,914 
Debtors
41,573 
46,946 
Cash at bank and in hand
513,908 
270,331 
1,137,248 
990,191 
Creditors: amounts falling due within one year
(255,005)
(249,079)
Net current assets
882,243 
741,112 
Net assets
886,880 
743,815 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
886,879 
743,814 
Shareholders' funds
886,880 
743,815 
For the year ending 31 July 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 directors acknowledge their 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 of Directors and authorised for issue on 31 March 2025 and were signed on its behalf by
Mr F K Sandow Director Company Registration No. 11474958
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iCo Products Ltd Notes to the Accounts for the year ended 31 July 2024
1
Statutory information
iCo Products Ltd is a private company, limited by shares, registered in England and Wales, registration number 11474958. The registered office is PARK HOUSE, 10 PARK STREET, BRISTOL, BS1 5HX, 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.
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:
Plant & machinery
25% Reducing Balance
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 August 2023
4,806 
- 
4,806 
Additions
536 
3,311 
3,847 
At 31 July 2024
5,342 
3,311 
8,653 
Depreciation
At 1 August 2023
2,103 
- 
2,103 
Charge for the year
810 
1,103 
1,913 
At 31 July 2024
2,913 
1,103 
4,016 
Net book value
At 31 July 2024
2,429 
2,208 
4,637 
At 31 July 2023
2,703 
- 
2,703 
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Accrued income and prepayments
16,009 
12,398 
Other debtors
25,564 
34,548 
41,573 
46,946 
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iCo Products Ltd Notes to the Accounts for the year ended 31 July 2024
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
18,333 
28,333 
VAT
45,944 
61,822 
Trade creditors
170,732 
127,174 
Other creditors
18,327 
31,750 
Loans from directors
1,669 
- 
255,005 
249,079 
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).
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