Company registration number 06202671 (England and Wales)
ICE SUPPORT LIMITED
T/A ICEWAY
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
PAGES FOR FILING WITH REGISTRAR
ICE SUPPORT LIMITED
T/A ICEWAY
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
ICE SUPPORT LIMITED
T/A ICEWAY
BALANCE SHEET
AS AT 31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
4
161,342
193,484
Investments
22,528
22,528
183,870
216,012
Current assets
Debtors
5
1,211,596
852,280
Cash at bank and in hand
406,548
392,770
1,618,144
1,245,050
Creditors: amounts falling due within one year
6
(549,692)
(420,034)
Net current assets
1,068,452
825,016
Total assets less current liabilities
1,252,322
1,041,028
Creditors: amounts falling due after more than one year
7
(21,667)
(52,039)
Provisions for liabilities
(27,405)
(25,432)
Net assets
1,203,250
963,557
Capital and reserves
Called up share capital
100
100
Profit and loss reserves
1,203,150
963,457
Total equity
1,203,250
963,557

The notes on pages 3 to 7 form part of these financial statements.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial 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 directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

ICE SUPPORT LIMITED
T/A ICEWAY
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 27 October 2023 and are signed on its behalf by:
Ian Richardson
Conor Byrne
Director
Director
Company Registration No. 06202671
ICE SUPPORT LIMITED
T/A ICEWAY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Ice Support Limited is a private company limited by shares incorporated in England and Wales. The registered office is 195a Kenton Road, Kenton, Middlesex, HA3 0HD.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes.

1.3
Research and development expenditure

Research expenditure is written off against profits in the year in which it is incurred. Identifiable development expenditure is capitalised to the extent that the technical, commercial and financial feasibility can be demonstrated.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures, fittings & equipment
- 25% per annum on cost
Computer equipment
- 25% per annum on cost

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

ICE SUPPORT LIMITED
T/A ICEWAY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 4 -

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.7
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

 

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.8
Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

 

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

 

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.9
Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

ICE SUPPORT LIMITED
T/A ICEWAY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
1
Accounting policies
(Continued)
- 5 -
1.10
Leases

Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessees. All other leases are classified as operating leases.

 

Assets held under finance leases are recognised as assets at the lower of the assets fair value at the date of inception and the present value of the minimum lease payments. The related liability is included in the balance sheet as a finance lease obligation. Lease payments are treated as consisting of capital and interest elements. The interest is charged to profit or loss so as to produce a constant periodic rate of interest on the remaining balance of the liability.

Rentals payable under operating leases, including any lease incentives received, are charged to profit or loss on a straight line basis over the term of the relevant lease except where another more systematic basis is more representative of the time pattern in which economic benefits from the leases asset are consumed.

1.11
Government grants

Government grants are recognised at the fair value of the asset received or receivable when there is reasonable assurance that the grant conditions will be met and the grants will be received.

 

A grant that specifies performance conditions is recognised in income when the performance conditions are met. Where a grant does not specify performance conditions it is recognised in income when the proceeds are received or receivable. A grant received before the recognition criteria are satisfied is recognised as a liability.

1.12
Foreign exchange

Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss.

2
Judgements and key sources of estimation uncertainty

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

 

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
28
25
ICE SUPPORT LIMITED
T/A ICEWAY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 6 -
4
Tangible fixed assets
Fixtures, fittings & equipment
Computer equipment
Total
£
£
£
Cost
At 1 April 2022
29,549
917,907
947,456
Additions
-
0
17,547
17,547
At 31 March 2023
29,549
935,454
965,003
Depreciation and impairment
At 1 April 2022
28,777
725,195
753,972
Depreciation charged in the year
193
49,496
49,689
At 31 March 2023
28,970
774,691
803,661
Carrying amount
At 31 March 2023
579
160,763
161,342
At 31 March 2022
772
192,712
193,484
5
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
960,213
565,786
Amounts owed by group undertakings
178,842
210,253
Other debtors
72,541
76,241
1,211,596
852,280
6
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
10,000
10,000
Trade creditors
274,659
213,134
Amounts owed to group undertakings
53,353
28,235
Taxation and social security
156,040
91,858
Other creditors
55,640
76,807
549,692
420,034
ICE SUPPORT LIMITED
T/A ICEWAY
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 7 -
7
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
21,667
31,667
Other creditors
-
0
20,372
21,667
52,039
2023-03-312022-04-01false27 October 2023CCH SoftwareCCH Accounts Production 2023.100No description of principal activityIan RichardsonConor ByrneMalcolm Taylor062026712022-04-012023-03-31062026712023-03-31062026712022-03-3106202671core:FurnitureFittings2023-03-3106202671core:ComputerEquipment2023-03-3106202671core:FurnitureFittings2022-03-3106202671core:ComputerEquipment2022-03-3106202671core:CurrentFinancialInstrumentscore:WithinOneYear2023-03-3106202671core:CurrentFinancialInstrumentscore:WithinOneYear2022-03-3106202671core:Non-currentFinancialInstrumentscore:AfterOneYear2023-03-3106202671core:Non-currentFinancialInstrumentscore:AfterOneYear2022-03-3106202671core:CurrentFinancialInstruments2023-03-3106202671core:CurrentFinancialInstruments2022-03-3106202671core:Non-currentFinancialInstruments2023-03-3106202671core:Non-currentFinancialInstruments2022-03-3106202671core:ShareCapital2023-03-3106202671core:ShareCapital2022-03-3106202671core:RetainedEarningsAccumulatedLosses2023-03-3106202671core:RetainedEarningsAccumulatedLosses2022-03-3106202671bus:Director12022-04-012023-03-3106202671bus:Director22022-04-012023-03-3106202671core:FurnitureFittings2022-04-012023-03-3106202671core:ComputerEquipment2022-04-012023-03-31062026712021-04-012022-03-3106202671core:FurnitureFittings2022-03-3106202671core:ComputerEquipment2022-03-31062026712022-03-3106202671core:WithinOneYear2023-03-3106202671core:WithinOneYear2022-03-3106202671bus:PrivateLimitedCompanyLtd2022-04-012023-03-3106202671bus:SmallCompaniesRegimeForAccounts2022-04-012023-03-3106202671bus:FRS1022022-04-012023-03-3106202671bus:AuditExemptWithAccountantsReport2022-04-012023-03-3106202671bus:CompanySecretary12022-04-012023-03-3106202671bus:FullAccounts2022-04-012023-03-31xbrli:purexbrli:sharesiso4217:GBP