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
iCo Products Ltd
Statement of financial position
as at 31 July 2024
Tangible assets
4,637
2,703
Inventories
581,767
672,914
Cash at bank and in hand
513,908
270,331
Creditors: amounts falling due within one year
(255,005)
(249,079)
Net current assets
882,243
741,112
Net assets
886,880
743,815
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
iCo Products Ltd
Notes to the Accounts
for the year ended 31 July 2024
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.
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.
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
At 31 July 2024
5,342
3,311
8,653
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
At 31 July 2024
2,429
2,208
4,637
At 31 July 2023
2,703
-
2,703
Amounts falling due within one year
Accrued income and prepayments
16,009
12,398
Other debtors
25,564
34,548
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
Trade creditors
170,732
127,174
Other creditors
18,327
31,750
Loans from directors
1,669
-
7
Average number of employees
During the year the average number of employees was 7 (2023: 7).