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REGISTERED NUMBER: 11541940 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28TH FEBRUARY 2023

FOR

THE INDEPENDENT CONNECTION PROVIDER
LIMITED

THE INDEPENDENT CONNECTION PROVIDER
LIMITED (REGISTERED NUMBER: 11541940)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


THE INDEPENDENT CONNECTION PROVIDER
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28TH FEBRUARY 2023







DIRECTORS: Mrs D J Kneen
L A Mason
Mrs R A Mason





REGISTERED OFFICE: Unit 4
Preston Lodge Court
Preston Deanery
Northamptonshire
NN7 2DS





REGISTERED NUMBER: 11541940 (England and Wales)





ACCOUNTANTS: Camfield Chapman Lowe
9 High Street
Woburn Sands
Milton Keynes
Buckinghamshire
MK17 8RF

THE INDEPENDENT CONNECTION PROVIDER
LIMITED (REGISTERED NUMBER: 11541940)

STATEMENT OF FINANCIAL POSITION
28TH FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,459 33,403

CURRENT ASSETS
Stocks 248,065 118,005
Debtors 5 680,080 523,082
Cash at bank 372,964 271,027
1,301,109 912,114
CREDITORS
Amounts falling due within one year 6 945,776 739,569
NET CURRENT ASSETS 355,333 172,545
TOTAL ASSETS LESS CURRENT
LIABILITIES

384,792

205,948

PROVISIONS FOR LIABILITIES 5,598 6,347
NET ASSETS 379,194 199,601

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 379,094 199,501
SHAREHOLDERS' FUNDS 379,194 199,601

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28th February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28th February 2023 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 INDEPENDENT CONNECTION PROVIDER
LIMITED (REGISTERED NUMBER: 11541940)

STATEMENT OF FINANCIAL POSITION - continued
28TH FEBRUARY 2023


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 6th November 2023 and were signed on its behalf by:





Mrs D J Kneen - Director


THE INDEPENDENT CONNECTION PROVIDER
LIMITED (REGISTERED NUMBER: 11541940)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28TH FEBRUARY 2023

1. STATUTORY INFORMATION

The Independent Connection Provider 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.
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 33% on cost

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 profit or loss on a straight line basis over the period of the lease.

THE INDEPENDENT CONNECTION PROVIDER
LIMITED (REGISTERED NUMBER: 11541940)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28TH FEBRUARY 2023

2. ACCOUNTING POLICIES - continued

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 10 (2022 - 12 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1st March 2022 4,815 25,411 19,506 49,732
Additions 470 - 5,948 6,418
At 28th February 2023 5,285 25,411 25,454 56,150
DEPRECIATION
At 1st March 2022 2,682 529 13,118 16,329
Charge for year 651 6,221 3,490 10,362
At 28th February 2023 3,333 6,750 16,608 26,691
NET BOOK VALUE
At 28th February 2023 1,952 18,661 8,846 29,459
At 28th February 2022 2,133 24,882 6,388 33,403

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 613,531 404,975
Other debtors 66,549 118,107
680,080 523,082

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 32,500 42,500
Trade creditors 684,091 496,951
Taxation and social security 80,986 44,076
Other creditors 148,199 156,042
945,776 739,569