IRIS Accounts Production v22.1.4.3 11735922 Board of Directors 1.1.21 31.12.21 31.12.21 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure117359222020-12-31117359222021-12-31117359222021-01-012021-12-31117359222019-12-31117359222020-01-012020-12-31117359222020-12-3111735922ns16:EnglandWales2021-01-012021-12-3111735922ns15:PoundSterling2021-01-012021-12-3111735922ns11:Director12021-01-012021-12-3111735922ns11:PrivateLimitedCompanyLtd2021-01-012021-12-3111735922ns11:SmallEntities2021-01-012021-12-3111735922ns11:AuditExemptWithAccountantsReport2021-01-012021-12-3111735922ns11:SmallCompaniesRegimeForDirectorsReport2021-01-012021-12-3111735922ns11:SmallCompaniesRegimeForAccounts2021-01-012021-12-3111735922ns11:FullAccounts2021-01-012021-12-3111735922ns11:OrdinaryShareClass12021-01-012021-12-3111735922ns11:Director22021-01-012021-12-3111735922ns11:RegisteredOffice2021-01-012021-12-3111735922ns6:CurrentFinancialInstruments2021-12-3111735922ns6:CurrentFinancialInstruments2020-12-3111735922ns6:ShareCapital2021-12-3111735922ns6:ShareCapital2020-12-3111735922ns6:RetainedEarningsAccumulatedLosses2021-12-3111735922ns6:RetainedEarningsAccumulatedLosses2020-12-3111735922ns6:ShareCapital2019-12-3111735922ns6:RetainedEarningsAccumulatedLosses2019-12-3111735922ns6:RetainedEarningsAccumulatedLosses2020-01-012020-12-3111735922ns6:RetainedEarningsAccumulatedLosses2021-01-012021-12-3111735922ns6:PlantMachinery2021-01-012021-12-3111735922ns6:PlantMachinery2020-12-3111735922ns6:PlantMachinery2021-12-3111735922ns6:PlantMachinery2020-12-3111735922ns6:WithinOneYearns6:CurrentFinancialInstruments2021-12-3111735922ns6:WithinOneYearns6:CurrentFinancialInstruments2020-12-3111735922ns11:OrdinaryShareClass12021-12-31
REGISTERED NUMBER: 11735922 (England and Wales)















INSULATED CONSTRUCTION GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2021






INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021




Page

Company Information 1

Income Statement 2

Statement of Financial Position 3

Statement of Changes in Equity 4

Notes to the Financial Statements 5 to 6

Chartered Accountants' Report 7

INSULATED CONSTRUCTION GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2021







DIRECTORS: M Lippiatt
Mrs D L Nunn





REGISTERED OFFICE: S&W Group
S&W House
Longhill Road
March
PE15 0BL





REGISTERED NUMBER: 11735922 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2021

2021 2020
£    £   

TURNOVER 1,786,313 2,024,461

Cost of sales 1,508,298 1,629,395
GROSS PROFIT 278,015 395,066

Administrative expenses 67,666 49,355
OPERATING PROFIT 210,349 345,711


Interest payable and similar expenses 1 -
PROFIT BEFORE TAXATION 210,348 345,711

Tax on profit 41,760 67,214
PROFIT FOR THE FINANCIAL YEAR 168,588 278,497

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,366 18,798

CURRENT ASSETS
Debtors 5 387,071 128,299
Cash at bank 339,176 463,064
726,247 591,363
CREDITORS
Amounts falling due within one year 6 368,527 191,663
NET CURRENT ASSETS 357,720 399,700
TOTAL ASSETS LESS CURRENT LIABILITIES 387,086 418,498

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 386,986 418,398
SHAREHOLDERS' FUNDS 387,086 418,498

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2021 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 applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 4 August 2022 and were signed on its behalf by:





Mrs D L Nunn - Director


INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2021

Called up
share Retained Total
capital earnings equity
£    £    £   

Balance at 1 January 2020 100 139,901 140,001

Changes in equity
Profit for the year - 278,497 278,497
Total comprehensive income - 278,497 278,497
Balance at 31 December 2020 100 418,398 418,498

Changes in equity
Profit for the year - 168,588 168,588
Total comprehensive income - 168,588 168,588
Dividends - (200,000 ) (200,000 )
Balance at 31 December 2021 100 386,986 387,086

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

1. STATUTORY INFORMATION

Insulated Construction Group 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33% on cost and 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the income statement on a straight line basis over the period of the lease.

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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2020 - 2 ) .

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2021

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2021 33,316
Additions 37,499
Disposals (30,250 )
At 31 December 2021 40,565
DEPRECIATION
At 1 January 2021 14,518
Charge for year 9,916
Eliminated on disposal (13,235 )
At 31 December 2021 11,199
NET BOOK VALUE
At 31 December 2021 29,366
At 31 December 2020 18,798

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade debtors 312,964 96,386
Amounts owed by group undertakings 100 100
Amounts recoverable on contract 41,912 2,170
Other debtors 32,095 29,643
387,071 128,299

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 309,245 39,087
Taxation and social security 46,320 148,316
Other creditors 12,962 4,260
368,527 191,663

7. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 2021 2020
value: £    £   
100 Ordinary 1 100 100

CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
INSULATED CONSTRUCTION GROUP LIMITED

The following reproduces the text of the report prepared for the directors 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 Statement of Financial Position. 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 Insulated Construction Group Limited for the year ended 31 December 2021 which comprise the Income Statement, Statement of Financial Position, Statement of Changes in Equity 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 Insulated Construction Group 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 Insulated Construction Group Limited and state those matters that we have agreed to state to the Board of Directors of Insulated Construction Group 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 Insulated Construction Group Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Insulated Construction Group 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 Insulated Construction Group Limited. You consider that Insulated Construction Group 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 Insulated Construction Group 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.






Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR


4 August 2022