Icarus Developments Limited Filleted accounts for Companies House (small and micro)

ICARUS DEVELOPMENTS LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 11370847

Icarus Developments Limited

Filleted Unaudited Financial Statements

31 May 2019

Icarus Developments Limited

Financial Statements

Period from 18 May 2018 to 31 May 2019

Contents	Pages

Statement of financial position	1

Notes to the financial statements	2

Icarus Developments Limited

Statement of Financial Position

31 May 2019

	31 May 19
Note	£

Current assets

Stocks		1,211,900
Debtors	4	29,420
Cash at bank and in hand		715
		------------
		1,242,035

Creditors: amounts falling due within one year	5	1,304,262
		------------
Net current liabilities		62,227
		---------
Total assets less current liabilities		( 62,227)
		---------
Net liabilities		( 62,227)
		---------

Capital and reserves

Called up share capital	4
Profit and loss account	( 62,231)
	---------
Shareholders deficit	( 62,227)
	---------

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.

In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.

For the period ending 31 May 2019 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 financial statements for the period in question in accordance with section 476 ;

- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .

These financial statements were approved by the board of directors and authorised for issue on 29 June 2021 , and are signed on behalf of the board by:

Mr S M Greenhill
Director

Company registration number: 11370847

Icarus Developments Limited

Notes to the Financial Statements

Period from 18 May 2018 to 31 May 2019

1. General information

The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Ivy House Lane, Coseley, WV14 9JU, UK.

2. Statement of compliance

These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Stocks

Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.

4. Debtors

	31 May 19
	£
Other debtors	29,420
	---------

5. Creditors: amounts falling due within one year

	31 May 19
	£
Bank loans and overdrafts	810,000
Amounts owed to related parties	219,249
Other creditors	275,013
	------------
	1,304,262
	------------