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ICON OFFICES LIMITED

Registered Number
10343713
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

ICON OFFICES LIMITED
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

MOHI-UD-DIN, Zia
QADEER, Goher

Registered Address

321-323 High Road
Chadwell Heath
Romford
RM6 6AX

Registered Number

10343713 (England and Wales)
ICON OFFICES LIMITED
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3923,902951,163
923,902951,163
Current assets
Debtors4109,144323,320
Cash at bank and on hand1,405,035495,538
1,514,179818,858
Creditors amounts falling due within one year5(515,599)(438,784)
Net current assets (liabilities)998,580380,074
Total assets less current liabilities1,922,4821,331,237
Net assets1,922,4821,331,237
Capital and reserves
Called up share capital100100
Profit and loss account1,922,3821,331,137
Shareholders' funds1,922,4821,331,237
The financial statements were approved and authorised for issue by the Board of Directors on 27 May 2025, and are signed on its behalf by:
QADEER, Goher
Director
Registered Company No. 10343713
ICON OFFICES LIMITED
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Turnover policy
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Interest income
Interest income is recognised using the effective interest rate method.
Employee benefits
Contributions to defined contribution plans are expensed in the period to which they relate.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Current taxation
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:
Trade and other debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Cash and cash equivalents
Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less. Bank overdrafts are disclosed separately. For the purpose of the cash flow statement, bank overdrafts form an integral part of the company's cash management and are included as a component of cash and cash equivalents.
Trade and other creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2.Average number of employees

20242023
Average number of employees during the year65
3.Tangible fixed assets

Total

£
Cost or valuation
At 01 September 231,021,654
At 31 August 241,021,654
Depreciation and impairment
At 01 September 2370,492
Charge for year27,260
At 31 August 2497,752
Net book value
At 31 August 24923,902
At 31 August 23951,163
4.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables38,357246,458
Other debtors70,78776,862
Total109,144323,320
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
5.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables7,0912,272
Taxation and social security344,282296,110
Other creditors162,927139,202
Accrued liabilities and deferred income1,2991,200
Total515,599438,784
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.