iClad Design Limited - Period Ending 2020-07-31

iClad Design Limited

trading as Iclad Design Limited

Contents

Company Information	1
Director's Report	2
Statement of Director's Responsibilities	3
Statement of Financial Position	4 to 5
Notes to the Unaudited Financial Statements	5

iClad Design Limited

trading as Iclad Design Limited

Company Information

Director

Mr Iain McKinlay

Registered office

33 May Gardens Wishaw ML2 7PB

Accountants

Accountants Plus Chartered Certified Accountants Upper Floor, Unit 1 82 Muir Street Hamilton Lanarkshire ML3 6BJ

iClad Design Limited

trading as Iclad Design Limited

Director's Report for the Year Ended 31 July 2020

The director presents his report and the financial statements for the year ended 31 July 2020.

This report has been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime.

Director of the company

The director who held office during the year was as follows:

Mr Iain McKinlay

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved by the director on 25 November 2020 and signed on its behalf by:

.........................................
Mr Iain McKinlay
Director

iClad Design Limited

trading as Iclad Design Limited

Statement of Director's Responsibilities

The director acknowledges his responsibilities for preparing the report and financial statements in accordance with the Companies Act 2006, and all applicable law and regulations.

Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the director is required to:

•	select suitable accounting policies and apply them consistently;

•	make judgements and accounting estimates that are reasonable and prudent;

•	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable him to ensure that the financial statements comply with the Companies Act 2006 and are in accordance with FRS 105 The Financial Reporting Standard applicable to the Micro-entities Regime. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

iClad Design Limited

trading as Iclad Design Limited

(Registration number: SC381965)
Statement of Financial Position as at 31 July 2020

	2020 £	2019 £
Current assets	43,126	36,640
Creditors: Amounts falling due within one year	(8,386)	(10,102)
Total assets less current liabilities	34,740	26,538
Accruals and deferred income	(1,190)	(930)
	33,550	25,608
Capital and reserves	33,550	25,608

These financial statements have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

For the financial year ending 31 July 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Approved and authorised by the director on 25 November 2020
 

.........................................

Mr Iain McKinlay
Director

iClad Design Limited

trading as Iclad Design Limited

(Registration number: SC381965)
Statement of Financial Position as at 31 July 2020

1	General information

The company is a private company limited by share capital, incorporated in Scotland.

The address of its registered office is:
33 May Gardens
Wishaw
ML2 7PB

These financial statements were authorised for issue by the director on 25 November 2020.

Basis of preparation

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

2	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2019 - 2).

3	Related party transactions

Transactions with directors

2020	At 1 August 2019 £	Advances to directors £	At 31 July 2020 £
Mr Iain McKinlay
Interest free loan	739	(295)	444