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REGISTERED NUMBER: 05812683 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Investor In Customers Ltd

Investor In Customers Ltd (Registered number: 05812683)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Investor In Customers Ltd

Company Information
for the Year Ended 31 December 2023







DIRECTORS: D M Lee
A J Moret
A J Barritt
G S J Vanner





REGISTERED OFFICE: c/o Myers and Co Accountants Limited
Suite 204, East Wing
Sterling House, Langston Road
Loughton
Essex
IG10 3TS





REGISTERED NUMBER: 05812683 (England and Wales)





ACCOUNTANTS: Myers & Co Accountants Limited
Suite 204A, East Wing
Sterling House
Langston Road
Loughton
Essex
IG10 3TS

Investor In Customers Ltd (Registered number: 05812683)

Balance Sheet
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 20,890 37,036
Tangible assets 5 3,896 4,844
24,786 41,880

CURRENT ASSETS
Debtors 6 67,665 20,979
Cash at bank 77 75
67,742 21,054
CREDITORS
Amounts falling due within one year 7 143,229 124,003
NET CURRENT LIABILITIES (75,487 ) (102,949 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(50,701

)

(61,069

)

CREDITORS
Amounts falling due after more than one year 8 44,808 63,296
NET LIABILITIES (95,509 ) (124,365 )

CAPITAL AND RESERVES
Called up share capital 4,256 3,672
Share premium 364,330 329,874
Capital redemption reserve 39,960 39,960
Retained earnings (504,055 ) (497,871 )
SHAREHOLDERS' FUNDS (95,509 ) (124,365 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

Investor In Customers Ltd (Registered number: 05812683)

Balance Sheet - continued
31 December 2023


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 Board of Directors and authorised for issue on 2 February 2024 and were signed on its behalf by:





A J Moret - Director


Investor In Customers Ltd (Registered number: 05812683)

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

1. STATUTORY INFORMATION

Investor In Customers 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Development costs are being amortised evenly over their estimated useful life of nil years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Investor In Customers Ltd (Registered number: 05812683)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 6 (2022 - 6 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 January 2023
and 31 December 2023 64,586
AMORTISATION
At 1 January 2023 27,550
Charge for year 16,146
At 31 December 2023 43,696
NET BOOK VALUE
At 31 December 2023 20,890
At 31 December 2022 37,036

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 18,870
Additions 200
At 31 December 2023 19,070
DEPRECIATION
At 1 January 2023 14,026
Charge for year 1,148
At 31 December 2023 15,174
NET BOOK VALUE
At 31 December 2023 3,896
At 31 December 2022 4,844

Investor In Customers Ltd (Registered number: 05812683)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 64,826 17,741
Other debtors 2,839 3,238
67,665 20,979

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts 89,244 66,077
Trade creditors 346 3,877
Taxation and social security 28,639 24,049
Other creditors 25,000 30,000
143,229 124,003

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.23 31.12.22
£    £   
Bank loans 44,808 63,296