31 August 2022 false No description of principal activity Taxfiler 2023.10 04081027business:PrivateLimitedCompanyLtd2022-08-312023-08-30 040810272022-08-30 040810272022-08-312023-08-30 04081027business:AuditExempt-NoAccountantsReport2022-08-312023-08-30 04081027business:FilletedAccounts2022-08-312023-08-30 040810272023-08-30 040810272022-08-30 04081027core:WithinOneYear2023-08-30 04081027core:WithinOneYear2022-08-30 04081027core:AfterOneYear2023-08-30 04081027core:AfterOneYear2022-08-30 04081027core:ShareCapitalcore:PreviouslyStatedAmount2023-08-30 04081027core:ShareCapitalcore:PreviouslyStatedAmount2022-08-30 04081027core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-08-30 04081027core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-08-30 04081027core:PreviouslyStatedAmount2023-08-30 04081027core:PreviouslyStatedAmount2022-08-30 04081027business:SmallEntities2022-08-312023-08-30 04081027business:Director12022-08-312023-08-30 04081027countries:EnglandWales2022-08-312023-08-30 04081027business:RegisteredOffice2022-08-312023-08-30 04081027core:PlantMachinery2022-08-312023-08-30 04081027core:MotorVehicles2022-08-312023-08-30 04081027core:FurnitureFittings2022-08-312023-08-30 04081027core:PlantMachinery2022-08-30 04081027core:MotorVehicles2022-08-30 04081027core:FurnitureFittings2022-08-30 04081027core:PlantMachinery2023-08-30 04081027core:MotorVehicles2023-08-30 04081027core:FurnitureFittings2023-08-30 04081027core:AcceleratedTaxDepreciationDeferredTax2023-08-30 04081027core:AcceleratedTaxDepreciationDeferredTax2022-08-30 040810272021-08-30 040810272021-08-312022-08-30 iso4217:GBP xbrli:pure
Company Registration No. 04081027 (England and Wales)
Intensive Car Unit Limited Unaudited accounts for the year ended 30 August 2023
Intensive Car Unit Limited Statement of financial position as at 30 August 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
146,544 
89,154 
Current assets
Inventories
- 
52,576 
Debtors
187,172 
363,329 
Cash at bank and in hand
478,980 
50,534 
666,152 
466,439 
Creditors: amounts falling due within one year
(533,859)
(317,279)
Net current assets
132,293 
149,160 
Total assets less current liabilities
278,837 
238,314 
Creditors: amounts falling due after more than one year
(129,167)
(312,883)
Provisions for liabilities
Deferred tax
(19,990)
(16,900)
Net assets/(liabilities)
129,680 
(91,469)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
129,678 
(91,471)
Shareholders' funds
129,680 
(91,469)
For the year ending 30 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 17 November 2023 and were signed on its behalf by
R Hargun Director Company Registration No. 04081027
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Intensive Car Unit Limited Notes to the Accounts for the year ended 30 August 2023
1
Statutory information
Intensive Car Unit Limited is a private company, limited by shares, registered in England and Wales, registration number 04081027. The registered office is 57-69 West Road, Westcliff on Sea, Essex, SS0 9AY.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
18% Reducing balance
Motor vehicles
25% Reducing balance
Fixtures & fittings
20% Straight line and 17.5% Reducing balance
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Stock
Stocks have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
Leased assets
Assets held under finance leases and hire purchase contracts are capitalised and depreciated over their useful lives. The corresponding lease or hire purchase obligation is treated in the balance sheet as a liability. The interest element of rental obligations is charged to the profit and loss account over the period of the lease at a constant proportion of the outstanding balance of capital repayments.
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Intensive Car Unit Limited Notes to the Accounts for the year ended 30 August 2023
Pension costs
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
4
Tangible fixed assets
Plant & machinery 
Motor vehicles 
Fixtures & fittings 
Total 
£ 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At cost 
At 31 August 2022
84,679 
170,299 
150,452 
405,430 
Additions
28,278 
70,833 
- 
99,111 
At 30 August 2023
112,957 
241,132 
150,452 
504,541 
Depreciation
At 31 August 2022
69,141 
133,073 
114,062 
316,276 
Charge for the year
7,887 
27,015 
6,819 
41,721 
At 30 August 2023
77,028 
160,088 
120,881 
357,997 
Net book value
At 30 August 2023
35,929 
81,044 
29,571 
146,544 
At 30 August 2022
15,538 
37,226 
36,390 
89,154 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
186,592 
361,380 
Other debtors
580 
1,949 
187,172 
363,329 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Bank loans and overdrafts
50,000 
51,706 
VAT
79,003 
75,513 
Obligations under finance leases and hire purchase contracts
59,186 
- 
Trade creditors
68,341 
29,316 
Taxes and social security
79,747 
29,641 
Other creditors
3,417 
11,974 
Loans from directors
107,045 
51,444 
Accruals
87,120 
67,685 
533,859 
317,279 
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Intensive Car Unit Limited Notes to the Accounts for the year ended 30 August 2023
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
129,167 
312,883 
8
Deferred taxation
2023 
2022 
£ 
£ 
Accelerated capital allowances
19,990 
16,900 
2023 
2022 
£ 
£ 
Provision at start of year
16,900 
16,900 
Charged to the profit and loss account
3,090 
- 
Provision at end of year
19,990 
16,900 
9
Average number of employees
During the year the average number of employees was 9 (2022: 9).
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