Company Registration No. 08179701 (England and Wales)
I CAN MAKE SHOES LTD
Unaudited accounts
for the year ended 31 March 2025
I CAN MAKE SHOES LTD
Unaudited accounts
Contents
I CAN MAKE SHOES LTD
Company Information
for the year ended 31 March 2025
Company Number
08179701 (England and Wales)
Registered Office
Studio 402 The Pillbox, 115 Coventry Rd,
UNIT 402
London
E2 6GH
GB
Accountants
HG Accountants Ltd
Trading as On The Spot
Enfield
Middlesex
EN3 6XJ
I CAN MAKE SHOES LTD
Statement of financial position
as at 31 March 2025
Cash at bank and in hand
29,114
22,417
Creditors: amounts falling due within one year
(16,798)
(28,059)
Net current assets
71,452
47,667
Called up share capital
1
1
Profit and loss account
71,451
47,666
Shareholders' funds
71,452
47,667
For the year ending 31 March 2025 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 her 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 31 August 2025 and were signed on its behalf by
Amanda Overs
Director
Company Registration No. 08179701
I CAN MAKE SHOES LTD
Notes to the Accounts
for the year ended 31 March 2025
I CAN MAKE SHOES LTD is a private company, limited by shares, registered in England and Wales, registration number 08179701. The registered office is Studio 402 The Pillbox, 115 Coventry Rd,, UNIT 402, London, E2 6GH, GB.
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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided on a straight line basis at the following rates in order to write off the assets over their estimated useful lives:
These accounts have been prepared on the going concern basis, on the understanding that the directors and shareholders will continue to financially support the company during its growth period.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Stock have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
The Revaluation Reserve in the year correctly reflects the substance of the transaction.
I CAN MAKE SHOES LTD
Notes to the Accounts
for the year ended 31 March 2025
4
Tangible fixed assets
Plant & machinery
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 April 2024
10,517
6,140
16,657
At 31 March 2025
10,517
6,140
16,657
At 1 April 2024
10,517
6,140
16,657
At 31 March 2025
10,517
6,140
16,657
Amounts falling due within one year
Amounts due from group undertakings etc.
15,392
-
Accrued income and prepayments
7
-
Other debtors
19,749
21,574
6
Creditors: amounts falling due within one year
2025
2024
Trade creditors
5,388
1,961
Taxes and social security
2,703
19,885
This is shown under Other Debtors. The loan amount was £4,210 and was fully repaid on 8th December 2024
8
Average number of employees
During the year the average number of employees was 3 (2024: 3).