ICEL Events Ltd - Accounts to registrar (filleted) - small 22.3

REGISTERED NUMBER: 09767693 (England and Wales)

ICEL EVENTS LTD

Report of the Director and

Unaudited Financial Statements for the Year Ended 31 March 2022

Page

Report of the Director

1

Balance Sheet

2

Notes to the Financial Statements

3

to

4

The director presents his report with the financial statements of the company for the year ended 31 March 2022.

Principal activity

With the continued uncertainty of the market, the Directors have continued to keep activities down to a minimum to focus on development of potential opportunities.

Director

R Lindsay held office during the whole of the period from 1 April 2021 to the date of this report.

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

On behalf of the board:

R Lindsay - Director

5 December 2022

Current assets

Debtors

4

-

199,678

Cash at bank

38

3

38

199,681

Creditors

Amounts falling due within one year

5

420,071

512,742

Net current liabilities

(420,033

)

(313,061

)

Total assets less current liabilities

(420,033

)

(313,061

)

Capital and reserves

Called up share capital

80

80

Retained earnings

(420,113

)

(313,141

)

(420,033

)

(313,061

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 5 December 2022 and were signed by:

R Lindsay - Director

1.	Statutory information

ICEL Events Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

09767693

Registered office:

5-6 Greenfield Crescent

Edgbaston

Birmingham

West Midlands

B15 3BE

2.	Accounting policies

Basis of preparing the financial statements

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

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Debtors and creditors receivable/payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses.

3.	Employees and directors

The average number of employees during the year was NIL (2021 - NIL).

4.

Debtors: amounts falling due within one year

2022

2021

£

£

Other debtors

-

199,678

5.

Creditors: amounts falling due within one year

2022

2021

£

£

Trade creditors

66,959

66,010

Amounts owed to group undertakings

351,399

445,019

Taxation and social security

1,713

1,713

420,071

512,742

6.	Related party disclosures

2022

2021

£

£

Amounts owed to related parties

Entities with control, joint control or significant influence over the company

351,399

445,019