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REGISTERED NUMBER: 09051321 (England and Wales)















Iceberg Press Limited

Unaudited Financial Statements

for the Year Ended 31 July 2024






Iceberg Press Limited (Registered number: 09051321)






Contents of the Financial Statements
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Iceberg Press Limited

Company Information
for the year ended 31 July 2024







DIRECTORS: D Parker
JL Sykes





REGISTERED OFFICE: Thorne House
Turners Hill Road
Crawley Down
Crawley
West Sussex
RH10 4HQ





REGISTERED NUMBER: 09051321 (England and Wales)





ACCOUNTANTS: McMillan & Co LLP
Chartered Accountants
28 Eaton Avenue
Matrix Office Park
Buckshaw Village
Chorley
Lancashire
PR7 7NA

Iceberg Press Limited (Registered number: 09051321)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Intangible assets 4 24,160 48,320
Tangible assets 5 46,591 26,898
Investments 6 100 100
70,851 75,318

CURRENT ASSETS
Stocks 6,310 3,541
Debtors 7 216,560 233,605
Cash at bank and in hand 311,215 190,119
534,085 427,265
CREDITORS
Amounts falling due within one year 8 444,252 402,055
NET CURRENT ASSETS 89,833 25,210
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,684

100,528

CREDITORS
Amounts falling due after more than one
year

9

(19,010

)

(29,027

)

PROVISIONS FOR LIABILITIES 11 (11,648 ) (6,725 )
NET ASSETS 130,026 64,776

CAPITAL AND RESERVES
Called up share capital 12 1,225 1,225
Share premium 9,975 9,975
Retained earnings 118,826 53,576
SHAREHOLDERS' FUNDS 130,026 64,776

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Iceberg Press Limited (Registered number: 09051321)

Balance Sheet - continued
31 July 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 April 2025 and were signed on its behalf by:





D Parker - Director


Iceberg Press Limited (Registered number: 09051321)

Notes to the Financial Statements
for the year ended 31 July 2024

1. STATUTORY INFORMATION

Iceberg Press 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 (£).


The amounts in the financial statements have been rounded to the nearest £1.

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.

The financial statements have been prepared on the going concern basis as the directors have indicated their willingness to continue to support the company.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

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 subscription list in 2021, was amortised evenly over its estimated useful life of three 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.
Fixtures and fittings - 20% on reducing balance
Computer equipment - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Iceberg Press Limited (Registered number: 09051321)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Basic financial assets, which include debtors, prepayments and bank balances, are initially measured at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the asset is measured at the present value of the future receipts discounted at a market rate of interest. Basic financial liabilities, which include creditors, accruals, bank loans and group borrowings, are initially recognised at transaction price and are subsequently carried at cost unless the arrangement indicates otherwise and then the liability is measured at the present value of the future obligations discounted at a market rate of interest.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 13 (2023 - 11 ) .

Iceberg Press Limited (Registered number: 09051321)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2023
and 31 July 2024 154,116
AMORTISATION
At 1 August 2023 105,796
Charge for year 24,160
At 31 July 2024 129,956
NET BOOK VALUE
At 31 July 2024 24,160
At 31 July 2023 48,320

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023 9,007 84,298 93,305
Additions - 52,258 52,258
At 31 July 2024 9,007 136,556 145,563
DEPRECIATION
At 1 August 2023 5,962 60,445 66,407
Charge for year 609 31,956 32,565
At 31 July 2024 6,571 92,401 98,972
NET BOOK VALUE
At 31 July 2024 2,436 44,155 46,591
At 31 July 2023 3,045 23,853 26,898

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 August 2023
and 31 July 2024 100
NET BOOK VALUE
At 31 July 2024 100
At 31 July 2023 100

Iceberg Press Limited (Registered number: 09051321)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

6. FIXED ASSET INVESTMENTS - continued

The company's investments at the Balance Sheet date in the share capital of companies include the following:

Pirates Ahoy! Limited
Registered office: United Kingdom
Nature of business: Publishing
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 30,349 44,901
Amounts owed by group undertakings 101,861 122,177
VAT 6,301 7,441
Prepayments and accrued income 78,049 59,086
216,560 233,605

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other loans - 20,000
Trade creditors 53,317 32,026
Corporation tax 49,853 17,231
Social security and other taxes 6,926 7,398
Other creditors 4,063 2,063
Amounts owed to related party 55,732 82,504
Directors' current accounts 73 268
Accruals and deferred income 274,288 240,565
444,252 402,055

The director's current accounts of £73 (2023: £268) are unsecured, bear no interest and have no fixed repayment date.

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 2-5 years 19,010 29,027

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Other loans - 20,000

Iceberg Press Limited (Registered number: 09051321)

Notes to the Financial Statements - continued
for the year ended 31 July 2024

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 11,648 6,725

Deferred
tax
£   
Balance at 1 August 2023 6,725
Charge to Statement of Income and Retained Earnings during year 4,923
Balance at 31 July 2024 11,648

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
400 Ordinary A £1 400 400
400 Ordinary B £1 400 400
400 Ordinary C £1 400 400
25 Ordinary D £1 25 25
1,225 1,225

13. RELATED PARTY DISCLOSURES

In the opinion of the directors the company is controlled by D Parker and JL Sykes.

At the year end, the company had a balance with a related party, Pics and Ink Limited, a company controlled by the directors, of £55,732 (2023: £82,504).