Accounts Submission
Accounts Submission
ICOSTARA LIMITED
Company Registration Number:
08610072
(England and Wales)
Unaudited statutory accounts for the year ended 31 July 2020
Period of accounts
Start date: 01 August 2019
End date: 31 July 2020
ICOSTARA LIMITED
Contents of the Financial Statements
for the Period Ended 31 July 2020
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 11 |
ICOSTARA LIMITED
Company Information
for the Period Ended 31 July 2020
Director: |
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Registered office: |
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Company Registration Number: |
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ICOSTARA LIMITED
Directors' Report Period Ended 31 July 2020
The directors present their report with the financial statements of the company for the period ended 31 July 2020
Principal Activities
Directors
The directors shown below have held office during the whole of the period from 01 August 2019 to 31 July 2020
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
ICOSTARA LIMITED
Profit and Loss Account
for the Period Ended 31 July 2020
Notes |
2020 £ |
2019 £ |
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Turnover |
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Cost of sales |
(
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Gross Profit or (Loss) |
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Distribution Costs |
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(
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Administrative Expenses |
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Operating Profit or (Loss) |
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Profit or (Loss) Before Tax |
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Tax on Profit |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
ICOSTARA LIMITED
Balance sheet
As at
Notes |
2020 £ |
2019 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Debtors: | 5 |
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Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 6 |
( |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 7 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
ICOSTARA LIMITED
Balance sheet continued
As at 31 July 2020
Notes |
2020 £ |
2019 £ |
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Capital and reserves | |||
Called up share capital: |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
ICOSTARA LIMITED
Notes to the Financial Statements
for the Period Ended 31 July 2020
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1. Accounting policies
Basis of measurement and preparation
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102 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. 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.Tangible fixed assets depreciation policy
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative
impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land,
at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its
expected useful life, as follows:
Equipment, Fixtures & fittings: 25% Reducing balance
Motor Vehicle 25% Reducing balance
ICOSTARA LIMITED
Notes to the Financial Statements
for the Period Ended 31 July 2020
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2. Employees
2020
2019Average number of employees during the period 1 1
ICOSTARA LIMITED
Notes to the Financial Statements
for the Period Ended 31 July 2020
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3. Off balance sheet disclosure
No
ICOSTARA LIMITED
Notes to the Financial Statements
for the Period Ended 31 July 2020
4. Tangible assets
Plant & machinery | Motor vehicles | Total | |
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Cost | £ | £ | £ |
At 01 August 2019 | - |
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Additions |
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- |
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Disposals | - | - | - |
Revaluations | - | - | - |
Transfers | - | - | - |
At 31 July 2020 |
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Depreciation | |||
At 01 August 2019 | - | - | - |
Charge for year |
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On disposals | - | - | - |
Other adjustments | - | - | - |
At 31 July 2020 |
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Net book value | |||
At 31 July 2020 |
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At 31 July 2019 | - |
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ICOSTARA LIMITED
Notes to the Financial Statements
for the Period Ended 31 July 2020
5. Debtors
2020 £ |
2019 £ |
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Trade debtors |
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Total |
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ICOSTARA LIMITED
Notes to the Financial Statements
for the Period Ended 31 July 2020
6.Creditors: amounts falling due within one year note
2020 £ |
2019 £ |
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Taxation and social security |
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Total |
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ICOSTARA LIMITED
Notes to the Financial Statements
for the Period Ended 31 July 2020
7.Creditors: amounts falling due after more than one year
2020 £ |
2019 £ |
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Bank loans and overdrafts |
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Total |
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