Icon Collections International Limited - Accounts to registrar - small 17.2

Icon Collections International Limited - Accounts to registrar - small 17.2

ICON COLLECTIONS INTERNATIONAL LIMITED - Company Information

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REGISTERED NUMBER: 03855664 (England and Wales)










FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

ICON COLLECTIONS INTERNATIONAL LIMITED

ICON COLLECTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03855664)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 5

ICON COLLECTIONS INTERNATIONAL LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: P J Damany
A J Clark





SECRETARY: V Damany





REGISTERED OFFICE: Excel House
133 Homesdale Road
Bromley
Kent
BR2 9LE





REGISTERED NUMBER: 03855664 (England and Wales)





ACCOUNTANTS: D S & Co. Ltd
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG
Page 1
ICON COLLECTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03855664)

BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 51,036 59,846

CURRENT ASSETS
Debtors 5 146,175 161,526
Cash at bank 165,649 103,990
311,824 265,516
CREDITORS
Amounts falling due within one year 6 179,036 142,183
NET CURRENT ASSETS 132,788 123,333
TOTAL ASSETS LESS CURRENT
LIABILITIES
183,824
183,179

PROVISIONS FOR LIABILITIES 7,633 8,829
NET ASSETS 176,191 174,350

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 176,091 174,250
SHAREHOLDERS' FUNDS 176,191 174,350

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 of Part 15 of the Companies Act 2006 relating to small companies.

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

The financial statements were approved by the Board of Directors on 3 July 2017 and were signed on its behalf by:





P J Damany - Director


The notes form part of these financial statements

Page 2
ICON COLLECTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03855664)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Icon Collections International Limited is a private company, limited by shares , registered in England and Wales. The
company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

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

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added
tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are
charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 22 .

Page 3 continued...
ICON COLLECTIONS INTERNATIONAL LIMITED (REGISTERED NUMBER: 03855664)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2016 414,097
Additions 8,203
At 31 December 2016 422,300
DEPRECIATION
At 1 January 2016 354,251
Charge for year 17,013
At 31 December 2016 371,264
NET BOOK VALUE
At 31 December 2016 51,036
At 31 December 2015 59,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Trade debtors 137,342 161,159
Other debtors 8,833 367
146,175 161,526

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2016 2015
£    £   
Taxation and social security 29,233 30,042
Other creditors 149,803 112,141
179,036 142,183

7. RELATED PARTY DISCLOSURES

During the year, total dividends of £100,000 (2015 - £115,000) were paid to the directors .

The controlling party is P J Damany.

Page 4
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ICON COLLECTIONS INTERNATIONAL LIMITED

The following reproduces the text of the report prepared for the directors and members in respect of the company's annual
unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance
Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the
Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial
statements of Icon Collections International Limited for the year ended 31 December 2016 which comprise the Income Statement,
Other Comprehensive Income, Balance Sheet, and the related notes from the company's accounting records and from information
and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Icon Collections International Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Icon Collections International Limited and state those matters that we have agreed to state to the Board of Directors of Icon Collections International Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Icon Collections International Limited Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Icon Collections International Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Icon Collections International Limited. You consider that Icon Collections International Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Icon Collections International Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






D S & Co. Ltd
Chartered Accountants
D S House
306 High Street
Croydon
Surrey
CR0 1NG


3 July 2017

This page does not form part of the statutory financial statements

Page 5