Registered number
04367242
ICO Management Services Limited
Unaudited Filleted Accounts
28 February 2023
ICO Management Services Limited
Registered number: 04367242
Balance Sheet
as at 28 February 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 259 387
Current assets
Debtors 4 304 2,292
Cash at bank and in hand 1,232 2,102
1,536 4,394
Creditors: amounts falling due within one year 5 (14,115) (13,170)
Net current liabilities (12,579) (8,776)
Total assets less current liabilities (12,320) (8,389)
Creditors: amounts falling due after more than one year 6 (10,240) (14,610)
Net liabilities (22,560) (22,999)
Capital and reserves
Called up share capital 1 1
Profit and loss account (22,561) (23,000)
Shareholder's funds (22,560) (22,999)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
I Egerton
Director
Approved by the board on 13 November 2023
ICO Management Services Limited
Notes to the Accounts
for the year ended 28 February 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

The company is technically insolvent but the director continues to support it financially and he is confident that this issue can be, and indeed is being, traded through. He therefore considers it appropriate to prepare these accounts on a going concern basis, meaning that the accounts do not reflect any adjustments which might otherwise be necessary.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes, from customers for work performed and software provided.
Tangible fixed assets
Fixed assets are measured at cost less accumulated depreciation, the latter being provided on all fixed assets at rates calculated to write off the cost, less estimated residual value, of each asset over its expected useful life, as follows:
Plant and machinery 33% on reducing balance basis
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of timing differences between the recognition of income and expenses in the accounts and their assessment for tax.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2022 1,780
At 28 February 2023 1,780
Depreciation
At 1 March 2022 1,393
Charge for the year 128
At 28 February 2023 1,521
Net book value
At 28 February 2023 259
At 28 February 2022 387
4 Debtors 2023 2022
£ £
Trade debtors 304 132
Other debtors - 2,160
304 2,292
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 4,370 4,263
Director's loan 7,000 7,000
Trade creditors 373 280
Taxation and social security costs 1,874 161
Other creditors 498 1,466
14,115 13,170
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 10,240 14,610
7 Other information
ICO Management Services Limited is a private company limited by shares, incorporated in England and Wales, and wholly-owned and controlled by its director. The registered office is situated at First Floor Offices, Allied House, Bryn Lane, Wrexham, LL13 9UT.
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