Iconic Group Ltd

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—4

Registered number: 09829238

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		123,713		134,291

			123,713		134,291
CURRENT ASSETS
Stocks		201,074		162,508
Debtors		471,292		476,474
Cash at bank and in hand		17,795		23,830

		690,161		662,812
Creditors: Amounts Falling Due Within One Year		(727,046 )		(507,863 )

NET CURRENT ASSETS (LIABILITIES)			(36,885 )		154,949

TOTAL ASSETS LESS CURRENT LIABILITIES			86,828		289,240

Creditors: Amounts Falling Due After More Than One Year			(159,813 )		(231,803 )

NET (LIABILITIES)/ASSETS			(72,985 )		57,437

CAPITAL AND RESERVES
Called up share capital	6		100		100
Profit and Loss Account			(73,085 )		57,337

SHAREHOLDERS' FUNDS			(72,985)		57,437

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Iconic Group Ltd

Balance Sheet (continued)

As At 31 October 2025

For the year ending 31 October 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 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Terry Haxell

Director

22 July 2026

The notes on pages 3 to 4 form part of these financial statements.

1. General Information

Iconic Group Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 09829238 . The registered office is Compliance House, 3-5 Holmethorpe Avenue, Redhill, RH1 2LZ.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Turnover

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. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

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. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Plant & Machinery	10% reducing balance
Motor Vehicles	25% reducing balance
Fixtures & Fittings	25% stragiht line
Computer Equipment	25% reducing balance

2.4. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.5. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 15 (2024: 11)

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Iconic Group Ltd

Notes to the Financial Statements (continued)

For The Year Ended 31 October 2025

4. Tangible Assets

	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Computer Equipment	Total
	£	£	£	£	£
Cost
As at 1 November 2024	182,094	9,749	3,400	21,769	217,012
Additions	-	834	-	4,799	5,633

As at 31 October 2025	182,094	10,583	3,400	26,568	222,645

Depreciation
As at 1 November 2024	56,959	5,636	3,400	16,726	82,721
Provided during the period	12,514	1,237	-	2,460	16,211

As at 31 October 2025	69,473	6,873	3,400	19,186	98,932

Net Book Value
As at 31 October 2025	112,621	3,710	-	7,382	123,713

As at 1 November 2024	125,135	4,113	-	5,043	134,291

5. Obligations Under Finance Leases and Hire Purchase

	2025	2024
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	17,224	24,239
Later than one year and not later than five years	7,596	21,069

	24,820	45,308

	24,820	45,308

6. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1 each	100	100

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