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REGISTERED NUMBER: 07871230 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2023

for

IC Research Ltd

IC Research Ltd (Registered number: 07871230)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


IC Research Ltd

Company Information
for the Year Ended 31 March 2023







DIRECTOR: M Poulding-Wright





SECRETARY: M Poulding-Wright





REGISTERED OFFICE: The Coach House
Ealing Green
London
W5 5ER





REGISTERED NUMBER: 07871230 (England and Wales)





ACCOUNTANTS: Bennett and Company
Chartered Certified Accountants
The Coach House
Ealing Green
London
W5 5ER

IC Research Ltd (Registered number: 07871230)

Balance Sheet
31 March 2023

31.3.23 31.3.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,177 1,149

CURRENT ASSETS
Debtors 5 1,396 968
Cash at bank and in hand 137,891 85,925
139,287 86,893
CREDITORS
Amounts falling due within one year 6 58,567 48,600
NET CURRENT ASSETS 80,720 38,293
TOTAL ASSETS LESS CURRENT
LIABILITIES

81,897

39,442

CAPITAL AND RESERVES
Called up share capital 100 100
Capital redemption reserve 100 100
Retained earnings 81,697 39,242
SHAREHOLDERS' FUNDS 81,897 39,442

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

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 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 27 October 2023 and were signed by:





M Poulding-Wright - Director


IC Research Ltd (Registered number: 07871230)

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

1. STATUTORY INFORMATION

IC Research Ltd 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
Computer equipment - 25% on reducing balance

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 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

IC Research Ltd (Registered number: 07871230)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2022 2,282 5,354 7,636
Additions - 420 420
At 31 March 2023 2,282 5,774 8,056
DEPRECIATION
At 1 April 2022 1,942 4,545 6,487
Charge for year 85 307 392
At 31 March 2023 2,027 4,852 6,879
NET BOOK VALUE
At 31 March 2023 255 922 1,177
At 31 March 2022 340 809 1,149

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Other debtors 1,396 968

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
£    £   
Trade creditors 2,550 1,700
Taxation and social security 14,904 3,548
Other creditors 41,113 43,352
58,567 48,600