Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-284370Electrical installationstruefalsefalse2022-03-013633The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04166363 2022-03-01 2023-02-28 04166363 2021-03-01 2022-02-28 04166363 2023-02-28 04166363 2022-02-28 04166363 c:Director1 2022-03-01 2023-02-28 04166363 d:Buildings d:LongLeaseholdAssets 2022-03-01 2023-02-28 04166363 d:Buildings d:LongLeaseholdAssets 2023-02-28 04166363 d:Buildings d:LongLeaseholdAssets 2022-02-28 04166363 d:PlantMachinery 2022-03-01 2023-02-28 04166363 d:PlantMachinery 2023-02-28 04166363 d:PlantMachinery 2022-02-28 04166363 d:PlantMachinery d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 04166363 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 04166363 d:MotorVehicles 2022-03-01 2023-02-28 04166363 d:MotorVehicles 2023-02-28 04166363 d:MotorVehicles 2022-02-28 04166363 d:MotorVehicles d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 04166363 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 04166363 d:OfficeEquipment 2022-03-01 2023-02-28 04166363 d:OfficeEquipment 2023-02-28 04166363 d:OfficeEquipment 2022-02-28 04166363 d:OfficeEquipment d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 04166363 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 04166363 d:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 04166363 d:LeasedAssetsHeldAsLessee 2022-03-01 2023-02-28 04166363 d:CurrentFinancialInstruments 2023-02-28 04166363 d:CurrentFinancialInstruments 2022-02-28 04166363 d:Non-currentFinancialInstruments 2023-02-28 04166363 d:Non-currentFinancialInstruments 2022-02-28 04166363 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 04166363 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 04166363 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 04166363 d:Non-currentFinancialInstruments d:AfterOneYear 2022-02-28 04166363 d:ShareCapital 2023-02-28 04166363 d:ShareCapital 2022-02-28 04166363 d:RetainedEarningsAccumulatedLosses 2023-02-28 04166363 d:RetainedEarningsAccumulatedLosses 2022-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-03-01 2023-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2022-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2022-03-01 2023-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2022-02-28 04166363 c:FRS102 2022-03-01 2023-02-28 04166363 c:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 04166363 c:FullAccounts 2022-03-01 2023-02-28 04166363 c:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 04166363 d:WithinOneYear 2023-02-28 04166363 d:WithinOneYear 2022-02-28 04166363 d:BetweenOneFiveYears 2023-02-28 04166363 d:BetweenOneFiveYears 2022-02-28 04166363 2 2022-03-01 2023-02-28 04166363 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 04166363 d:AcceleratedTaxDepreciationDeferredTax 2022-02-28 04166363 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 04166363 d:TaxLossesCarry-forwardsDeferredTax 2022-02-28 04166363 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-28 04166363 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2022-02-28 04166363 d:LeasedAssetsHeldAsLessee 2023-02-28 04166363 d:LeasedAssetsHeldAsLessee 2022-02-28 iso4217:GBP xbrli:pure

Registered number: 04166363










INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 28 FEBRUARY 2023

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
REGISTERED NUMBER:04166363

STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
278,908
125,126

  
278,908
125,126

Current assets
  

Debtors: amounts falling due within one year
 5 
1,183,009
777,121

Bank & cash balances
  
413,781
267,750

  
1,596,790
1,044,871

Creditors: amounts falling due within one year
 6 
(726,488)
(605,386)

Net current assets
  
 
 
870,302
 
 
439,485

Total assets less current liabilities
  
1,149,210
564,611

Creditors: amounts falling due after more than one year
 7 
(158,269)
(35,805)

Provisions for liabilities
  

Deferred tax
 8 
(65,935)
(26,633)

Other provisions
 9 
(184,651)
(141,553)

  
 
 
(250,586)
 
 
(168,186)

Net assets
  
740,355
360,620


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
740,255
360,520

  
740,355
360,620


Page 1

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
REGISTERED NUMBER:04166363
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 20 November 2023.




T McMonagle
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Integrated Control Solutions (Eastern) Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Unit 10 Collers Way, Reepham, Norwich, Norfolk, NR10 4SW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)


2.8
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
10% per annum straight line
Plant & machinery
-
20% per annum reducing balance
Motor vehicles
-
25% per annum reducing balance
Office equipment
-
33.35% per annum reducing balance

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to profit or loss in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of Financial Position.


3.


Employees

The average monthly number of employees, including directors, during the year was 36 (2022 - 33).

Page 5

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





L/Term Leasehold Property
Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2022
43,700
10,994
291,114
73,731
419,539


Additions
-
-
254,448
3,382
257,830


Disposals
-
-
(56,094)
-
(56,094)



At 28 February 2023

43,700
10,994
489,468
77,113
621,275



Depreciation


At 1 March 2022
30,590
10,268
206,089
47,466
294,413


Charge for the year on owned assets
4,370
145
5,910
9,932
20,357


Charge for the year on financed assets
-
-
77,380
-
77,380


Disposals
-
-
(49,783)
-
(49,783)



At 28 February 2023

34,960
10,413
239,596
57,398
342,367



Net book value



At 28 February 2023
8,740
581
249,872
19,715
278,908



At 28 February 2022
13,110
726
85,025
26,265
125,126

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


2023
2022
£
£



Motor vehicles
232,140
55,073

232,140
55,073

Page 6

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

5.


Debtors

2023
2022
£
£


Trade debtors
1,042,082
697,916

Other debtors
81,022
25,206

Prepayments and accrued income
59,905
53,999

1,183,009
777,121



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Trade creditors
452,360
331,052

Corporation tax
46,987
13,377

Other taxation and social security
55,162
48,286

Obligations under finance lease and hire purchase contracts
76,909
21,308

Other creditors
18,613
61,771

Accruals and deferred income
76,457
129,592

726,488
605,386


The obligations under hire purchase contracts are secured upon the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Net obligations under finance leases and hire purchase contracts
158,269
35,805

158,269
35,805


Page 7

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Deferred taxation




2023


£






At beginning of year
(26,633)


Charged to profit or loss
(39,302)



At end of year
(65,935)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Accelerated capital allowances
(66,470)
(27,106)

Tax losses carried forward
535
473

(65,935)
(26,633)


9.


Provisions




Warranty provision
Dilapidation
Total

£
£
£





At 1 March 2022
119,053
22,500
141,553


Charged to profit or loss
43,098
-
43,098



At 28 February 2023
162,151
22,500
184,651

The warranty provision represents potential future liabilities arising on goods and services supplied and is based upon historic data.
The dilapidations provision represents the potential future liabilities arising on the costs to put the leased units the company occupies back to into the original state when first leased.


10.


Pension commitments

The company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £48,197 (2022 - £42,846). Contributions totalling £2,141 (2022 - £1,890) were payable to the fund at the reporting date and are included in creditors.

Page 8

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

11.


Commitments under operating leases

At 28 February 2023 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

2023
2022
£
£


Not later than 1 year
43,674
86,807

Later than 1 year and not later than 5 years
63,419
107,092



 
Page 9