U.S. SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                   FORM 10-QSB

                 Quarterly Report Under Section 13 or 15 (d) of
                         Securities Exchange Act of 1934


                       For the Period ended June 30, 2005

                        Commission File Number 333-123092


                       INTERNATIONAL CELLULAR ACCESSORIES
                 (Name of small business issuer in its charter)


        Nevada                        5065                      20-1719023
(State of incorporation)      (Primary SIC Number)      (IRS Employer ID Number)


                              48055 Yale Road, RR32
                         Chilliwack, BC, Canada V2P 6H4
                                 (604) 997-1824
          (Address and telephone number of principal executive offices)


                                   Rachel Wosk
                              48055 Yale Road, RR32
                         Chilliwack, BC, Canada V2P 6H4
                     Phone(604) 997-1824 Fax: (604) 792-0883
            (Name, address and telephone number of agent for service)


Check whether the registrant (1) has filed all reports required to be filed by
Section 13 or 15 (d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file
such reports), and (2) has been subject to such filing requirements for the past
90 days. Yes [X] No [ ]

There were 2,000,000 shares of Common Stock outstanding as of June 30, 2005.
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSORIES
                         (A DEVELOPMENT STAGE COMPANY)
                                 BALANCE SHEET
                               (In U.S. Dollars)

<TABLE>
<CAPTION>
                                                               (Unaudited)            (Audited)
                                                                  As of                 As of
                                                              June 30, 2005        December 31, 2004
                                                              -------------        -----------------
<S>                                                             <C>                    <C>
                                     ASSETS

Current assets
  Cash                                                          $ 51,264               $  4,643
                                                                --------               --------
  Prepaid expenses                                                    --                     --
                                                                --------               --------
      Total current assets                                        51,264                  4,643

Property and equipment, net                                           --                     --
                                                                --------               --------

Total assets                                                    $ 51,264               $  4,643
                                                                ========               ========

                      LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities
  Accounts payable                                              $  2,857               $     --
                                                                --------               --------
      Total current liabilities                                    2,857                     --
                                                                --------               --------

      Total liabilities                                            2,857                     --

Stockholders' equity
  Common stock; $.001 par value; 75,000,000 shares
   authorized, 2,000,000 and 1,000,000 shares issued and
   outstanding as of June 30, 2005 and December 31, 2004           2,000                  1,000
  Additional paid-in capital                                      53,000                  4,000
  Accumulated deficit                                             (6,876)                  (181)
  Accumulated other comprehensive income                             283                   (176)
                                                                --------               --------
      Total stockholders' equity                                  48,407                  4,643
                                                                --------               --------

      Total liabilities and stockholders' equity                $ 51,264               $  4,643
                                                                ========               ========
</TABLE>

                 See Accompanying Notes to Financial Statements

                                       1
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSORIES
                         (A DEVELOPMENT STAGE COMPANY)
                            STATEMENT OF OPERATIONS
                               (In U.S. Dollars)

<TABLE>
<CAPTION>
                                                                                      (Unaudited)
                                                                                      Period from
                                                       (Unaudited)                  October 6, 2004
                                               3 months            6 months       (Date of inception)
                                                ended               ended               through
                                            June 30, 2005       June 30, 2005        June 30, 2005
                                            -------------       -------------        -------------
<S>                                          <C>                 <C>                  <C>
Revenue                                      $        --         $        --          $        --

Operating expenses
  Professional fees                                1,033               1,033                1,033
  General and administrative                       1,682               6,141                6,322
                                             -----------         -----------          -----------

      Total operating expenses                     2,715               7,174                7,355
                                             -----------         -----------          -----------

Loss from operations                              (2,715)             (7,174)              (7,355)

Loss before provision for income taxes            (2,715)             (7,174)              (7,355)
Provision for income taxes                            --                  --                   --
                                             -----------         -----------          -----------

Net loss                                     $    (2,715)        $    (7,174)         $    (7,355)
                                             -----------         -----------          -----------
Other comprehensive income, net of tax:
  Foreign currency translation adjustment            479                 459                  283

Other comprehensive income                   $       479         $       459          $       283
                                             -----------         -----------          -----------

Comprehensive income                         $    (2,236)        $    (6,715)         $    (7,072)
                                             ===========         ===========          ===========

Basic and diluted loss per common share      $     (0.00)        $     (0.01)         $     (0.01)
                                             ===========         ===========          ===========
Basic and diluted weighted average
 common shares outstanding                     1,500,000           1,000,000              913,858
                                             ===========         ===========          ===========
</TABLE>

                 See Accompanying Notes to Financial Statements

                                       2
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSORIES
                         (A DEVELOPMENT STAGE COMPANY)
                            STATEMENT OF CASH FLOWS
                               (In U.S. Dollars)

<TABLE>
<CAPTION>
                                                                                     Period from
                                                                                    October 6, 2004
                                                           For the 6 months       (Date of inception)
                                                                ended                  through
                                                            June 30, 2005           June 30, 2005
                                                            -------------           -------------
<S>                                                           <C>                     <C>
Cash flows from operating activities:
  Net loss                                                    $ (6,695)               $ (6,876)
  Adjustments to reconcile net loss to
   net cash used by operating activities:
     Other comprehensive income                                    459                     283
  Changes in operating assets and liabilities:
     Change in accounts payable                                  2,857                   2,857
                                                              --------                --------
         Net cash used by operating activities                  (3,379)                 (3,736)

Cash flows from investing activities:
  Purchase of property and equipment                                --                      --
                                                              --------                --------
         Net cash used by investing activities                      --                      --

Cash flows from financing activities:
  Proceeds from issuance of common stock                        50,000                  55,000
                                                              --------                --------
         Net cash provided by financing activities              50,000                  55,000
                                                              --------                --------

Net increase in cash                                            46,621                  51,264

Cash, beginning of period                                        4,643                      --
                                                              --------                --------

Cash, end of period                                           $ 51,264                $ 51,264
                                                              ========                ========

Supplementary cash flow information:
  Cash payments for income taxes                              $     --                $     --
                                                              ========                ========
  Cash payments for interest                                  $     --                $     --
                                                              ========                ========
</TABLE>

          See Accompanying Notes to Consolidated Financial Statements

                                       3
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSSORIES
                          (A DEVELOPMENT STAGE COMPANY)
                          NOTES TO FINANCIAL STATEMENTS


1. DESCRIPTION OF BUSINESS, HISTORY AND SUMMARY OF SIGNIFICANT POLICIES

DESCRIPTION OF BUSINESS AND HISTORY - International Cellular Accessories, Nevada
corporation,  (hereinafter  referred  to  as  the  "Company"  or  "International
Cellular")  was  incorporated  in the State of Nevada on October  6,  2004.  The
company plans to be in the business of importing of new cellular accessories for
resale to both wholesalers and retailers across Canada firstly and, later on, to
the rest of North America.  These products,  such as aerials,  cell phone cases,
hands-free units, car chargers, etc., will be purchased from name brand supplies
and resold at  discounted  prices.  The company  also intends to handle lines of
generic  accessories  which it would  like to develop  under its own brand.  The
Company hopes to purchase these items in bulk, repackage and then sell the items
to the industry at discounted  prices.  The Company intends to develop a website
for the purpose of generating retail orders from the public at some point in the
future,  although no work towards this website has been completed as of June 30,
2005.  The  Company  operations  has  been  limited  to  general  administrative
operations  and is  considered a development  stage  company in accordance  with
Statement of Financial Accounting Standards No. 7.

MANAGEMENT OF COMPANY - The company filed its articles of incorporation with the
Nevada Secretary of State on October 6, 2004,  indicating Rachel Cecile Wosk and
William Wosk as the incorporators.

The company  filed its initial  list of officers and  directors  with the Nevada
Secretary  of State on November 24, 2004,  indicating  it's  President is Rachel
Cecile Wosk and it's  Secretary and  Treasurer is Leah Wosk.  No directors  were
indicated on this filing.

GOING  CONCERN - The Company  incurred  net losses of  approximately  $6,876 and
accumulated other comprehensive  income gains of $283 from the period of October
6, 2004 (Date of  Inception)  through  June 30, 2005 and has not  commenced  its
operations,  rather, still in the development stages,  raising substantial doubt
about the  Company's  ability to continue as a going  concern.  The Company will
seek  additional  sources  of capital  through  the  issuance  of debt or equity
financing,  but there can be no  assurance  the Company  will be  successful  in
accomplishing its objectives.

The  ability of the  Company to  continue  as a going  concern is  dependent  on
additional  sources  of  capital  and the  success of the  Company's  plan.  The
financial  statements do not include any adjustments  that might be necessary if
the Company is unable to continue as a going concern.

YEAR END - The Company's year end is December 31.

PRINCIPLES OF CONSOLIDATION - The consolidated  financial statements include the
accounts of the  Company  and its  subsidiaries.  All  significant  intercompany
transactions and balances have been eliminated.

USE OF ESTIMATES - The  preparation  of  consolidated  financial  statements  in
conformity with generally accepted accounting  principles requires management to
make estimates and  assumptions  that affect the reported  amounts of assets and
liabilities  and disclosure of contingent  assets and liabilities at the date of
the financial statements and the reported amounts of revenue and expenses during
the reporting period. Actual results could differ from those estimates.

PROPERTY AND EQUIPMENT AND RENTAL PROPERTIES - Property and equipment and rental
properties are stated at cost less  accumulated  depreciation.  Depreciation  is
provided principally on the straight-line method over the estimated useful lives
of the assets,  which are generally 3 to 27 years.  The amounts of  depreciation
provided are  sufficient to charge the cost of the related  assets to operations
over their  estimated  useful  lives.  The cost of repairs  and  maintenance  is
charged  to expense as  incurred.  Expenditures  for  property  betterments  and
renewals  are  capitalized.  Upon  sale or other  disposition  of a  depreciable
property,  cost and accumulated  depreciation  are removed from the accounts and
any gain or loss is reflected in other income.

                                       4
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSSORIES
                          (A DEVELOPMENT STAGE COMPANY)
                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT POLICIES (continued)

   The Company  periodically  evaluates  whether events and  circumstances  have
   occurred  that may  warrant  revision of the  estimated  useful life of fixed
   assets or whether the  remaining  balance of fixed assets should be evaluated
   for  possible  impairment.  The  Company  uses  an  estimate  of the  related
   undiscounted  cash  flows  over the  remaining  life of the  fixed  assets in
   measuring their recoverability.

   INCOME TAXES - The Company  accounts for its income taxes in accordance  with
   Statement  of  Financial   Accounting   Standards  No.  109,  which  requires
   recognition   of  deferred  tax  assets  and   liabilities   for  future  tax
   consequences  attributable  to  differences  between the financial  statement
   carrying  amounts of existing assets and liabilities and their respective tax
   bases and tax credit carry forwards.  Deferred tax assets and liabilities are
   measured  using enacted tax rates  expected to apply to taxable income in the
   years in which those  temporary  differences  are expected to be recovered or
   settled. The effect on deferred tax assets and liabilities of a change in tax
   rates is  recognized  in operations in the period that includes the enactment
   date.

   Management  feels the Company will have a net operating  loss carryover to be
   used for future  years.  Such losses may not be fully  deductible  due to the
   significant  amounts of non-cash service costs. The Company has established a
   valuation allowance for the full tax benefit of the operating loss carryovers
   due to the uncertainty regarding realization.

   NET  LOSS PER  COMMON  SHARE - The  Company  computes  net loss per  share in
   accordance  with SFAS No.  128,  Earnings  per Share (SFAS 128) and SEC Staff
   Accounting Bulletin No. 98 (SAB 98). Under the provisions of SFAS 128 and SAB
   98, basic net loss per share is computed by dividing  the net loss  available
   to common  stockholders  for the  period by the  weighted  average  number of
   shares of common stock  outstanding  during the period.  The  calculation  of
   diluted net loss per share gives effect to common stock equivalents; however,
   potential common shares are excluded if their effect is antidilutive. For the
   period from October 6, 2004 (Date of  Inception)  through  June 30, 2005,  no
   options and warrants were excluded from the  computation of diluted  earnings
   per share because their effect would be antidilutive.

   COMPREHENSIVE  INCOME  (LOSS) - The  Company's  bank  account  is  located in
   Canada,  with funds in Canadian dollars.  Foreign currency  translation gains
   were  $479  for  the  period  ended  June  30,  2005.  See  Note 7  regarding
   comprehensive income.

   FOREIGN  CURRENCY  TRANSLATION  - The  Company's  functional  currency  is in
   Canadian  dollars as  substantially  all of the Company's  operations  are in
   Canada.  The Company used the United States dollar as its reporting  currency
   for consistency  with  registrants of the Securities and Exchange  Commission
   ("SEC")  and  in  accordance  with  the  SFAS  No.  52  -  "Foreign  Currency
   Translation".  Assets and liabilities  denominated in a foreign  currency are
   translated  at the  exchange  rate in effect at the  period  end and  capital
   accounts are translated at historical  rates.  Income statement  accounts are
   translated  at the average  rates of exchange  prevailing  during the period.
   Translation  adjustments from the use of different exchange rates from period
   to period are included in the  comprehensive  income account in stockholder's
   equity, if applicable.

   Transactions  undertaken in currencies other than the functional  currency of
   the  entity  are  translated  using  the  exchange  rate in  effect as of the
   transaction  date.  Any exchange gains and losses are included in other items
   on the statement of operations.

   CONCENTRATION  OF RISK - A  significant  amount of the  Company's  assets and
   resources are dependent on the financial support  (inclusive of free rent) of
   Rachel Wosk should Rachel Wosk  determine to no longer finance the operations
   of the company, it may be unlikely for the company to continue.

                                       5
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSSORIES
                          (A DEVELOPMENT STAGE COMPANY)
                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT POLICIES (continued)

   REVENUE  RECOGNITION  -  The  Company  has  no  revenues  to  date  from  its
   operations.  Once the  revenue  is  generated,  the  company  will  recognize
   revenues as the orders are  finalized  and shipped,  in  accordance  with the
   terms  of  our  agreements.  The  cellular  accessories  are  expected  to be
   delivered  within  a  short  period,  generally  ranging  from a few  days to
   approximately  three weeks. An appropriate  deferral is made for direct costs
   related to sales in process,  and no revenue is recognized  until shipment of
   the products has taken place.  Billings rendered in advance of products being
   shipped,  as well as customer deposits received in advance,  will be recorded
   as a current  liability  included in deferred  revenue.  We are  expecting to
   estimate sale losses and returns,  if any, and provide for such losses in the
   period they are determined  and  estimable.  Once sales commence we will also
   determine a  reasonable  allowance  for refunds  based on the  experience  we
   generate and should a high  likelihood or occurrence of refund  requests take
   place. We do not believe that there are realistic alternatives to our revenue
   recognition  policy  given  the  short  period of  service  delivery  and the
   requirement to deliver completed products to our customers. We do not believe
   there is significant risk of recognizing  revenue prematurely since our sales
   process is standardized, the earnings process is short and no single order is
   expected to account for a significant portion of our revenue.

   ADVERTISING COSTS - The Company recognizes advertising expenses in accordance
   with   Statement  of  Position  93-7   "Reporting  on   Advertising   Costs."
   Accordingly,  the Company expenses the costs of producing  advertisements  at
   the  time  production   occurs,  and  expenses  the  costs  of  communicating
   advertisements  in the  period in which the  advertising  space or airtime is
   used.  The Company  has  recorded no  significant  advertising  costs for the
   period from January 1, 2005 through June 30, 2005.

   LEGAL  PROCEDURES  - The  Company is not aware of, nor is it  involved in any
   pending legal proceedings.

   STOCK-BASED  COMPENSATION - The Company applies  Accounting  Principles Board
   ("APB") Opinion No. 25, Accounting for Stock Issued to Employees, and Related
   Interpretations,  in accounting for stock options issued to employees.  Under
   APB No. 25,  employee  compensation  cost is recognized  when  estimated fair
   value of the underlying  stock on date of the grant exceeds exercise price of
   the stock option. For stock options and warrants issued to non-employees, the
   Company applies SFAS No. 123, Accounting for Stock-Based Compensation,  which
   requires the  recognition of  compensation  cost based upon the fair value of
   stock options at the grant date using the Black-Scholes option pricing model.

   The following  table  represents the effect on net loss and loss per share if
   the  Company  had  applied  the  fair  value  based  method  and  recognition
   provisions  of Statement of Financial  Accounting  Standards  (SFAS) No. 123,
   "Accounting   for   Stock-Based   Compensation",   to  stock-based   employee
   compensation for the period ended June 30, 2005:

                                                                         2005
                                                                       -------
     Net loss, as reported                                             $(2,715)
     Other comprehensive income                                            479
     Add: Stock-based employee compensation expense
          included in reported loss, net of related tax effects             --
     Deduct: Total stock-based employee compensation
             expense determined under fair value based methods
             for all awards, net of related tax effects                     --
                                                                       -------

        Pro forma net loss                                             $(2,236)
                                                                       =======

                                       6
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSSORIES
                          (A DEVELOPMENT STAGE COMPANY)
                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


1. DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT POLICIES (continued)

     Net loss per common share:
      Basic and fully diluted loss per share, as reported            $ (0.00)
                                                                     =======
      Basic and fully diluted loss per share, pro forma              $ (0.00)
                                                                     =======

   There were no stock options granted for the period ended June 30, 2005. There
   are additionally no written or verbal  agreements  related to the sale of any
   stock, option or warrants of the Company's common stock.

   In December 2002, the FASB issued SFAS No. 148,  "Accounting  for Stock-Based
   Compensation-Transition  and Disclosure".  SFAS No. 148 amends the transition
   and  disclosure  provisions  of  SFAS  No.  123.  The  Company  is  currently
   evaluating SFAS No. 148 to determine if it will adopt SFAS No. 123 to account
   for employee  stock  options  using the fair value method and, if so, when to
   begin transition to that method.

   NEW ACCOUNTING PRONOUNCEMENTS -

   In December  2004,  the FASB issued SFAS No. 153,  "Exchanges of  Nonmonetary
   Assets,  an amendment of APB Opinion No. 29 "effective for nonmonetary  asset
   exchanges  occurring in the fiscal year beginning  January 1, 2006.  SFAS No.
   153 requires  that  exchanges of  productive  assets be accounted for at fair
   value unless fair value cannot be reasonably  determined  or the  transaction
   lacks commercial  substance.  SFAS No. 153 is not expected to have a material
   effect on the company's Consolidated Financial Statements.

   In May  2005,  the FASB  issued  SFAS  154,  "Accounting  Changes  and  Error
   Corrections - a Replacement  of APB Opinion No. 20 and FASB Statement No. 3".
   SFAS  154  requires  retrospective  application  to  prior  period  financial
   statements of changes in accounting principle,  unless it is impracticable to
   determine either the period-specific  effects or the cumulative effect of the
   change.  SFAS 154 also redefines  "restatement" as the revising of previously
   issued  financial  statements  to reflect the  correction  of an error.  This
   statement is effective for accounting  changes and corrections of errors made
   in fiscal years  beginning  after  December  15,  2005.  The Company does not
   believe that the adoption of SFAS 154 will have a  significant  impact on the
   financial statements.

2. PROPERTY AND EQUIPMENT

   As of June 30, 2005, the Company does not own any property and/or equipment.

3. STOCKHOLDER'S EQUITY

   The  Company  has  75,000,000  shares  authorized  and  1,000,000  issued and
   outstanding  as of June 30,  2005.  The issued and  outstanding  shares  were
   issued as follows:

   500,000  common  shares  were issued to Leah Wosk on October 29, 2004 for the
   sum of $2,500 in cash.

   500,000  common  shares were issued to Rachel Cecile Wosk on October 29, 2004
   for the sum of $2,500 in cash.

   1,000,000  common  shares were issued to 30 investors in the  Company's  SB-2
   offering  for the  aggregate  sum of $50,000  in cash.  The  Regulation  SB-2
   offering was declared effective by the Securities and Exchange  Commission on
   May 27, 2005 and completed in June 2005.

4. LOAN FROM STOCKHOLDER

   As of June 30,  2005,  there is a total of $2,857  ($3,500 CAD) that has been
   forwarded by Rachel Wosk to the Company with no specific  repayment terms but
   this loan will be repayed from the proceeds of the  recently  completed  SB-2
   stock offering.

                                       7
<PAGE>
                       INTERNATIONAL CELLULAR ACCESSSORIES
                          (A DEVELOPMENT STAGE COMPANY)
                    NOTES TO FINANCIAL STATEMENTS (CONTINUED)


5. RELATED PARTY TRANSACTIONS

   The Company  currently  uses the home of Rachel Wosk, an officer and director
   of the Company,  on a rent-free basis for administrative  purposes and in the
   future will use it for storage  purposes as well.  There is no written  lease
   agreement  or  other  material  terms  or   arrangements   relating  to  said
   arrangement.

   As of June 30,  2005,  there are no related  party  transactions  between the
   Company and any officers,  other than those  mentioned  above and in Note 3 -
   Stockholder's Equity and Note 4 - Loan From Stockholder.

6. STOCK OPTIONS

   As of June 30, 2005, the Company does not have any stock options outstanding,
   nor does it have  any  written  or  verbal  agreements  for the  issuance  or
   distribution of stock options at any point in the future.

7. COMPREHENSIVE INCOME

   The  Company's  bank  account is located  in Canada,  with funds in  Canadian
   dollars,  while the financial statements are prepared in US Dollars.  Foreign
   currency  translation gains were $479 for the period ended June 30, 2005. The
   before-tax  amount and  after-tax  amount are the same for the  Company.  The
   Company  maintained  an account  balance of  CDN$62,815.23  at June 30, 2005,
   while the exchange rate was $0.8161, thus the equivalent amount in US Dollars
   is $51,264.

8. LITIGATION

   As of June 30,  2005,  the  Company  is not aware of any  current  or pending
   litigation which may affect the Company's operations.

9. SUBSEQUENT EVENTS

   There have been no  subsequent  events after the end of the period,  June 30,
   2005, which are material to operations.

                                       8
<PAGE>
ITEM 2.  MANAGEMENT'S DISCUSSION AND ANALYSIS OR PLAN OF OPERATION

RESULTS OF OPERATIONS

We are still in our development stage and have generated no revenues to date.

We incurred operating expenses of $2,715 and $7,174 for the three month and six
month periods ended June 30, 2005. These expenses consisted of general operating
expenses incurred in connection with the day to day operation of our business
and the preparation and filing of our periodic reports.

Our net loss for the three and six months ended June 30, 2005 was $2,715 and
$7,174, respectively. Since we have only been incorporated since October 6,
2004, no comparisons are included in this report to previous years.

Cash provided by financing activities for the three and six months ended June
30, 2005 was $50,000, resulting from the sale of our common stock in an initial
public offering, which was completed on June 30, 2005.

Our auditors have expressed their doubt about our ability to continue as a going
concern unless we are able to generate profitable operations.

LIQUIDITY AND CAPITAL RESOURCES

We expect our current cash in the bank of $51,264 at June 30, 2005 to satisfy
our cash requirements until we are able to generate revenues. We expect to be
able to satisfy our cash requirements for at least the next twelve months
without having to raise additional funds or seek bank loans. After that twelve
month period, if we have not yet generated revenues sufficient to sustain
business operations, we may have to raise additional monies through sales of our
equity securities or through loans from banks or third parties to continue our
business plans, however no such plans are currently anticipated.

Our stockholders' equity at June 30, 2005 was $48,407.

OFF-BALANCE SHEET ARRANGEMENTS

We have no off-balance sheet arrangements.

PROPOSED MILESTONES TO IMPLEMENT BUSINESS OPERATIONS

The following milestones are based on estimates derived from research and
marketing data accumulated by our directors. They are estimates only. The amount
of initial inventory, working capital requirements and the other projected
milestones are approximations only and subject to adjustment based on costs and
needs. Our 12 month budget is based on minimum operations which will be
completely funded by the $50,000 (net of $45,000) raised through our initial
public offering which was completed on June 30, 2005. If we begin to generate
profits we will increase our sales activity accordingly. We estimate sales to
begin in September and reach a level to sustain daily operations by January
2006. Because our business is order-driven, our revenue requirements will be
reviewed and adjusted based on sales. The costs associated with operating as a

                                        9
<PAGE>
public company are included in our budget, management will be responsible for
the preparation of the required documents to keep the costs to a minimum. We
plan to complete our milestones as follows:

MAY/JUNE 2005
We put together our database of potential customers. This included assembling
phone and fax numbers, email addresses, and mailing addresses of Rachel Wosk's
personal contacts that she has accumulated over the years and expanded to
include all other potential retail and wholesale clients.

JULY/AUGUST 2005
We will start purchasing the necessary equipment and office furniture for the
business, such as a magnetic code machine, estimated cost $2,000, a labeling
machine, estimated cost $400, and shelving and racking, estimated cost $600.
Rachel Wosk will be responsible for these duties. We have budgeted $1,000 to
purchase a computer system and Rachel Wosk will be responsible for purchasing
the computer and assembling the database. We began placing orders for our
initial inventory to be delivered within the next thirty to sixty days. The
initial orders were for $4,000 and we anticipate additional purchases of $10,000
to $15,000. We will also order packaging supplies for products that do not come
prepackaged. We estimate our initial order for packaging materials will be for
2,000 units at an estimated cost of $.50 per unit. Rachel Wosk will be
responsible for these duties.

SEPTEMBER 2005
We will design and print our initial catalogue. The initial printing run will be
for 500 pieces at an estimated cost of $4.00 per catalogue. Simultaneously we
will print promotional flyers with opening specials. Rachel Wosk will be
responsible for these duties.

SEPTEMBER/OCTOBER 2005
We will design and launch our website at an estimated cost of $2,500 and
simultaneously start mailing promotional flyers with specials on both OEM and
generic products. The promotional flyers will specifically target our retail
clients in the run up to the Christmas holiday shopping season. Rachel Wosk will
be responsible for these duties.

OCTOBER/NOVEMBER 2005
We will attend and display our products at the Network Cellular Show organized
by TELUS Corporation in Vancouver, BC, at an estimated cost of $1,200. Rachel
Wosk will be responsible for setting up and manning the display booth.

NOVEMBER/EARLY DECEMBER 2005
We will put together a final promotional blitz to drum up last minute sales
prior to the end of the Christmas shopping season. Rachel Wosk will be
responsible for generating any last minute sales orders.

JANUARY 2006
We anticipate our sales will have reached a level that will sustain our business
operations and allow us to begin hiring employees as necessary and compensate
our officers and directors for their time. At this time we have no agreements or
understandings regarding the amount of compensation for the officers and
directors participation.

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<PAGE>
CRITICAL ACCOUNTING POLICIES

The un-audited financial statements as of June 30, 2005 included herein have
been prepared without audit pursuant to the rules and regulations of the U.S.
Securities and Exchange Commission. Certain information and footnote disclosures
normally included in financial statements prepared in accordance with general
accepted accounting procedures have been condensed or omitted pursuant to such
rules and regulations. In the opinion of management, all adjustments (consisting
of normal recurring accruals) considered necessary for a fair presentation have
been included. It is suggested that these financial statements be read in
conjunction with our December 31, 2004 audited financial statements and notes
thereto, which can be found in our Form SB-2 Registration Statement on the SEC
website at www.sec.gov under our SEC File Number 333-123092.

Management's discussion and analysis of our financial condition and results of
operations are based on the financial statements which are prepared in
accordance with accounting principles generally accepted in the United States of
America (GAAP). The preparation of such financial statements requires Management
to make estimates and assumptions that affect the reported amounts of assets,
liabilities, revenues and expenses and related disclosure of contingent assets
and liabilities. On an ongoing basis, Management will evaluate its estimates and
will base its estimates on historical experience, as well as on various other
assumptions in light of the circumstances surrounding the estimate, and the
results will form the basis in making judgments about the carrying values of our
assets and liabilities that are not readily apparent from other sources. It
should be noted, however, that actual results could materially differ from the
amount derived from Management's estimates under different assumptions or
conditions.

Our functional currency is in Canadian dollars, as all of our operations are in
Canada. We use the United States dollar as our reporting currency for
consistency with registrants of the Securities and Exchange Commission.

Assets and liabilities denominated in a foreign currency are translated at the
exchange rate in effect at the period end and capital accounts are translated at
historical rates. Income statement accounts are translated at the average rates
of exchange prevailing during the period. Translation adjustments from the use
of different exchange rates from period to period are included in the
comprehensive income account in stockholder's equity, if applicable.

Loss per share is computed using the weighted average number of common stock
outstanding during the period. Diluted loss per share is computed using the
weighted average number of common and potentially dilutive common stock
outstanding during the period reported.

The Company has no revenues to date from its operations. Once the revenue is
generated, we will recognize revenues as the orders are finalized and shipped,
in accordance with the terms of our agreements. The cellular accessories are
expected to be delivered within a short period, generally ranging from a few
days to approximately three weeks. An appropriate deferral is made for direct
costs related to sales in process, and no revenue is recognized until shipment
of the products has taken place. Billings rendered in advance of products being

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shipped, as well as customer deposits received in advance, will be recorded as a
current liability included in deferred revenue. We are expecting to estimate
sale losses and returns, if any, and provide for such losses in the period they
are determined and estimable. Once sales commence we will also determine a
reasonable allowance for refunds based on the experience we generate and should
a high likelihood or occurrence of refund requests take place. We do not believe
that there are realistic alternatives to our revenue recognition policy given
the short period of service delivery and the requirement to deliver completed
products to our customers. We do not believe there is significant risk of
recognizing revenue prematurely since our sales process is standardized, the
earnings process is short and no single order is expected to account for a
significant portion of our revenue.

Inventories are stated at the lower of cost or market, cost being determined on
the first in, first out (FIFO) basis.

Our Management does not believe that any recently issued, but not yet effective
accounting standards if currently adopted, would have a material effect on the
our current financial statements.

ITEM 3. CONTROLS AND PROCEDURES

EVALUATION OF DISCLOSURE CONTROLS AND PROCEDURES

Under the supervision and with the participation of our management, including
our principal executive officer and the principal financial officer, we have
conducted an evaluation of the effectiveness of the design and operation of our
disclosure controls and procedures, as defined in Rules 13a-15(e) and 15d-15(e)
under the Securities and Exchange Act of 1934, as of the end of the period
covered by this report. Based on this evaluation, our principal executive
officer and principal financial officer concluded as of the evaluation date that
our disclosure controls and procedures were effective such that the material
information required to be included in our Securities and Exchange Commission
reports is recorded, processed, summarized and reported within the time periods
specified in SEC rules and forms relating to our company, particularly during
the period when this report was being prepared.

Additionally, there were no significant changes in our internal controls or in
other factors that could significantly affect these controls subsequent to the
evaluation date. We have no identified any significant deficiencies or material
weaknesses in our internal controls, and therefore there were no corrective
actions taken.

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                          PART II - OTHER INFORMATION

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K

The following exhibits are included with this registration statement filing.
Those marked with an asterisk and required to be filed hereunder, are
incorporated by reference and can be found in their entirety in our original
Form SB-2 Registration Statement, filed under SEC File Number 333-123092, at the
SEC website at www.sec.gov:

      Exhibit No.                     Description
      -----------                     -----------
         3.1          Articles of Incorporation*
         3.2          Bylaws*
         31.1         Sec. 302 Certification of Principal Executive Officer
         31.2         Sec. 302 Certification of Principal Financial Officer
         32.1         Sec. 906 Certification of Principal Executive Officer
         32.2         Sec. 906 Certification of Principal Financial Officer

----------
* Previously Filed

There were no reports filed on Form 8-K during the quarter ended June 30, 2005.

                                   SIGNATURES

Pursuant to the requirements of Section 13(a) or 15(d) of the Securities
Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.

August 11, 2005                 International Cellular Accessories, Registrant


                                By: /s/ Rachel Wosk
                                    -----------------------------------------
                                    Rachel Wosk, President and Chief
                                    Executive Officer

In accordance with the Exchange Act, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.

August 11, 2005                 International Cellular Accessories, Registrant


                                By: /s/ Rachel Wosk
                                    -----------------------------------------
                                    Rachel Wosk, President and Chief
                                    Executive Officer


                                By: /s/ Leah Wosk
                                    -----------------------------------------
                                    Leah Wosk, Treasurer, Chief Financial
                                    Officer, and Principal Accounting Officer

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