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REGISTERED NUMBER: 04981718 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

FOR

I C S PHOTOGRAPHY LIMITED

I C S PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 04981718)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


I C S PHOTOGRAPHY LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023







DIRECTOR: Mr R Wooding





SECRETARY: Mrs A Wooding





REGISTERED OFFICE: 20 Far Moor Close
Harlington
DONCASTER
South Yorkshire
DN5 7JP





REGISTERED NUMBER: 04981718 (England and Wales)





ACCOUNTANTS: Rigel Wolf Ltd
Orion House
28A Spital Terrace
GAINSBOROUGH
Lincolnshire
DN21 2HQ

I C S PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 04981718)

BALANCE SHEET
31 MARCH 2023

31.3.23 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 1,125 3,000
Tangible assets 5 1,821 2,508
2,946 5,508

CURRENT ASSETS
Stocks - 100
Debtors 6 150 200
Cash at bank 74 750
224 1,050
CREDITORS
Amounts falling due within one year 7 68,855 70,720
NET CURRENT LIABILITIES (68,631 ) (69,670 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(65,685

)

(64,162

)

CAPITAL AND RESERVES
Called up share capital 8 100 100
Retained earnings 9 (65,785 ) (64,262 )
SHAREHOLDERS' FUNDS (65,685 ) (64,162 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

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

The financial statements were approved by the director and authorised for issue on 6 October 2023 and were signed by:




Mr R Wooding - Director


I C S PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 04981718)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

1. STATUTORY INFORMATION

I C S Photography 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 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 represents net invoiced sales of goods and services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2004, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 15% on reducing balance
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the period 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 period 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.

I C S PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 04981718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

2. ACCOUNTING POLICIES - continued

Going concern
At 31 March 2023 the company had an excess of liabilities over assets of £65,685 (31/12/21 - £64,162) and was technically insolvent.

The company has now ceased to trade and will be struck off.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 1 (2021 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2022
and 31 March 2023 30,000
AMORTISATION
At 1 January 2022 27,000
Amortisation for period 1,875
At 31 March 2023 28,875
NET BOOK VALUE
At 31 March 2023 1,125
At 31 December 2021 3,000

5. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 January 2022
and 31 March 2023 5,501 1,931 7,432
DEPRECIATION
At 1 January 2022 3,519 1,405 4,924
Charge for period 359 328 687
At 31 March 2023 3,878 1,733 5,611
NET BOOK VALUE
At 31 March 2023 1,623 198 1,821
At 31 December 2021 1,982 526 2,508

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.12.21
£    £   
Trade debtors - 150
Prepayments and accrued income 150 50
150 200

I C S PHOTOGRAPHY LIMITED (REGISTERED NUMBER: 04981718)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JANUARY 2022 TO 31 MARCH 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.12.21
£    £   
Directors' current accounts 68,125 69,985
Accruals and deferred income 730 735
68,855 70,720

8. CALLED UP SHARE CAPITAL


Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.12.21
value: £    £   
100 Ordinary £1 100 100

9. RESERVES
Retained
earnings
£   

At 1 January 2022 (64,262 )
Deficit for the period (1,523 )
At 31 March 2023 (65,785 )

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the period, Mr R Wooding, the sole director and 100% shareholder, charged the company £312 for use of home as office (2021 - £312).

11. RELATED PARTY DISCLOSURES

At 31 March 2023 there was a balance owed by the company to Mr R Wooding - the sole director and 100% shareholder - of £68,125 (31/12/21 - £69,985). This balance has been shown in Creditors.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr R Wooding.