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REGISTERED NUMBER: 01826522 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2023

for

Icenorth Limited

Icenorth Limited (Registered number: 01826522)






Contents of the Financial Statements
for the Year Ended 31 January 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Icenorth Limited

Company Information
for the Year Ended 31 January 2023







DIRECTOR: Mr S C Wagstaff





REGISTERED OFFICE: 554 Newark Road
North Hykeham
Lincoln
Lincolnshire
LN6 9NG





REGISTERED NUMBER: 01826522 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Icenorth Limited (Registered number: 01826522)

Balance Sheet
31 January 2023

31.1.23 31.1.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 55,972 70,547

CURRENT ASSETS
Stocks 4,000 8,000
Debtors 5 41,097 50,189
Cash at bank 72,689 111,868
117,786 170,057
CREDITORS
Amounts falling due within one year 6 55,684 73,823
NET CURRENT ASSETS 62,102 96,234
TOTAL ASSETS LESS CURRENT
LIABILITIES

118,074

166,781

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 117,974 166,681
SHAREHOLDERS' FUNDS 118,074 166,781

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 15 September 2023 and were signed by:





Mr S C Wagstaff - Director


Icenorth Limited (Registered number: 01826522)

Notes to the Financial Statements
for the Year Ended 31 January 2023

1. STATUTORY INFORMATION

Icenorth 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 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 - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 15% on reducing balance

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

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 profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 5 ) .

Icenorth Limited (Registered number: 01826522)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2023

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 February 2022 15,618 237,605 11,208 264,431
Additions - - 5,262 5,262
Disposals - (20,000 ) - (20,000 )
At 31 January 2023 15,618 217,605 16,470 249,693
DEPRECIATION
At 1 February 2022 10,696 172,984 10,204 193,884
Charge for year 740 15,488 940 17,168
Eliminated on disposal - (17,331 ) - (17,331 )
At 31 January 2023 11,436 171,141 11,144 193,721
NET BOOK VALUE
At 31 January 2023 4,182 46,464 5,326 55,972
At 31 January 2022 4,922 64,621 1,004 70,547

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade debtors 40,897 48,092
Prepayments 200 2,097
41,097 50,189

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.23 31.1.22
£    £   
Trade Creditors 5,839 16,511
Corporation tax 107 107
Social security and other taxes 3,209 2,812
Wages 1,877 -
VAT 9,271 17,055
Other creditors 135 126
Directors' current accounts 30,296 32,262
Accrued expenses 4,950 4,950
55,684 73,823

7. SECURED DEBTS

The banking facilities are secured by a fixed and floating charge dated 31st July 1990 in favour of HSBC Bank plc.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S C Wagstaff.