Company Registration No. 12241182 (England and Wales)
Icycle Eyewear Limited
Unaudited accounts
for the year ended 31 October 2021
Icycle Eyewear Limited
Unaudited accounts
Contents
Icycle Eyewear Limited
Company Information
for the year ended 31 October 2021
Directors
Jonathan Karl
Mads Hoefer
Company Number
12241182 (England and Wales)
Registered Office
FLAT 7
314-316 VAUXHALL BRIDGE ROAD
LONDON
SW1V 1AA
ENGLAND
Accountants
TaxSense Accountants Ltd
203 West Street
Fareham
Hants
PO16 0EN
Icycle Eyewear Limited
Statement of financial position
as at
31 October 2021
Tangible assets
2,471
177
Cash at bank and in hand
3,283
8,230
Creditors: amounts falling due within one year
(14,673)
(14,412)
Net current liabilities
(10,838)
(6,171)
Net liabilities
(8,367)
(5,994)
Called up share capital
100
100
Profit and loss account
(8,467)
(6,094)
Shareholders' funds
(8,367)
(5,994)
For the year ending 31 October 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 22 July 2022 and were signed on its behalf by
Jonathan Karl
Director
Company Registration No. 12241182
Icycle Eyewear Limited
Notes to the Accounts
for the year ended 31 October 2021
Icycle Eyewear Limited is a private company, limited by shares, registered in England and Wales, registration number 12241182. The registered office is FLAT 7, 314-316 VAUXHALL BRIDGE ROAD, LONDON, SW1V 1AA, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
25% on reducing balance
4
Tangible fixed assets
Plant & machinery
Computer equipment
Total
Cost or valuation
At cost
At cost
At 1 November 2020
-
236
236
At 31 October 2021
3,117
236
3,353
At 1 November 2020
-
59
59
Charge for the year
779
44
823
At 31 October 2021
779
103
882
At 31 October 2021
2,338
133
2,471
At 31 October 2020
-
177
177
5
Debtors: amounts falling due within one year
2021
2020
Icycle Eyewear Limited
Notes to the Accounts
for the year ended 31 October 2021
6
Creditors: amounts falling due within one year
2021
2020
Loans from directors
14,128
13,812
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Director's Loan Account
(13,093)
-
316
(13,409)
8
Average number of employees
During the year the average number of employees was 2 (2020: 2).