I.C.T.V. Sales and Services Ltd |
Registered Number:01486050 |
For the year ended 31 March 2023
England and Wales
Unaudited Financial Statements
For the year ended 31 March 2023
I.C.T.V. Sales and Services Ltd
Contents Page
1
Statement of Financial Position
2 to 5
Notes to the Financial Statements
I.C.T.V. Sales and Services Ltd
Statement of Financial Position
2022
2023
Property, plant and equipment |
86,598
60,691
2
86,598
60,691
47,602
103,489
3
Trade and other receivables |
277,828
256,363
4
407,077
Cash and cash equivalents |
301,779
661,631
732,507
Trade and other payables: amounts falling due within one |
year |
(320,290)
(283,947)
5
412,217
377,684
Net current assets
Total assets less current liabilities |
464,282
472,908
Trade and other payables: amounts falling due after more |
than one year |
(48,148)
-
6
(16,033)
(11,531)
Provisions for liabilities |
448,249
Net assets
413,229
100
100
448,149
413,129
448,249
413,229
Shareholders' funds
For the year ended 31 March 2023 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 of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006 |
The directors acknowledge their responsibilities for:a) ensuring that the company keeps proper 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 Section |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
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For the year ended 31 March 2023
I.C.T.V. Sales and Services Ltd
Statement of Financial Position Continued
Mr Stephen Roy Hogan Director |
These financial statements were approved and authorised for issue by the Board on 03 October 2023 and were signed by: |
The notes form part of these financial statements |
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For the year ended 31 March 2023
I.C.T.V. Sales and Services Ltd
Notes to the Financial Statements
Statutory Information
I.C.T.V. Sales and Services Ltd is a private limited company, limited by shares, domiciled in England and Wales, |
registration number 01486050. |
Unit F Neville Court
Armstrong Road
Basingstoke
Hampshire
RG24 8NU
The presentation currency is £ sterling. |
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention as |
modified by the revaluation of certain assets. |
Revenue recognition
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. |
Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 0, is being amortised evenly over its estimated useful life of 10 years. |
Intangible assets
Intangible assets (including purchased goodwill and patents) are amortised at rates calculated to write off the assets on a straight line basis over their estimated useful economic lives. Impairment of intangible assets is only reviewed where circumstances indicate that the carrying value of an asset may not be fully recoverable. |
Property, plant and equipment
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis: |
Plant and machinery
Computer equipment
Motor vehicles
Fixtures and fittings
Inventories
Stocks are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow moving items. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. |
Hire purchase and leasing commitments
Rentals payable under operating leases are charged against income on a straight line basis over the lease term. The finance element of the rental payment is charged to the profit and loss account on a straight line basis. |
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For the year ended 31 March 2023
I.C.T.V. Sales and Services Ltd
Notes to the Financial Statements Continued
2. Property, plant and equipment |
Motor vehicles
106,959
5,188
2,855
93,331
5,585
71,571
1,019
102
70,342
108
(838)
(1,129)
(44,153)
(914)
(47,034)
119,520
1,828
5,369
131,496
4,779
Provision for depreciation and impairment |
46,268
2,625
1,804
39,187
2,652
Charge for year
23,058
1,790
379
19,933
956
(24,428)
(839)
(1,128)
(21,547)
(914)
44,898
3,576
1,055
37,573
2,694
2,085
81,947
773
1,793
86,598
2,933
54,144
1,051
2,563
60,691
2022
2023
103,489
47,602
4. Trade and other receivables |
2022
2023
194,789
217,943
61,574
59,885
277,828
256,363
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For the year ended 31 March 2023
I.C.T.V. Sales and Services Ltd
Notes to the Financial Statements Continued
5. Trade and other payables: amounts falling due within one year |
2022
2023
5,830
22,222
180,459
179,391
Taxation and social security |
40,521
56,219
57,137
62,458
283,947
320,290
6. Trade and other payables: amounts falling due after more than one year |
2022
2023
-
48,148
7. Guarantees and other financial commitments |
8. Average number of persons employed |
During the year the average number of employees was 15 (2022 : 18)
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