Registered number
02874323
ICD (UK) Limited
Filleted Accounts
31 March 2023
ARA (Bristol) Ltd t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
ICD (UK) Limited
Company Information
Directors
Mr J R W Hardy
Mrs E A Hardy
Secretary
Mrs E A Hardy
Accountants
ARA (Bristol) Ltd t/a Adams Root & Associates
86 Shirehampton Road
Stoke Bishop
Bristol
BS9 2DR
Registered office
20 Durdham Park
Bristol
BS6 3BH
Registered number
02874323
ICD (UK) Limited
Registered number: 02874323
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 2,489 611
Investments 4 52,250 52,250
54,739 52,861
Current assets
Debtors 5 22,693 20,936
Cash at bank and in hand 11,824 46,456
34,517 67,392
Creditors: amounts falling due within one year 6 (54,341) (39,366)
Net current (liabilities)/assets (19,824) 28,026
Net assets 34,915 80,887
Capital and reserves
Called up share capital 2 2
Profit and loss account 34,913 80,885
Shareholders' funds 34,915 80,887
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their 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.
Mr J R W Hardy
Director
Approved by the board on 5 February 2024
ICD (UK) Limited
Notes to the Accounts
for the year ended 31 March 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 accounts are stated in sterling the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33.33% straight line
Fixed Asset Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in the future payments or a cash refund.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures fittings and equipment
£
Cost
At 1 April 2022 15,105
Additions 2,634
At 31 March 2023 17,739
Depreciation
At 1 April 2022 14,494
Charge for the year 756
At 31 March 2023 15,250
Net book value
At 31 March 2023 2,489
At 31 March 2022 611
4 Investments
Loan to group undertakings and participating interests Other investments other than loans Total
£ £ £
Cost
At 1 April 2022 50,000 2,250 52,250
At 31 March 2023 50,000 2,250 52,250
5 Debtors 2023 2022
£ £
Trade debtors 22,067 20,936
Other debtors 626 -
22,693 20,936
6 Creditors: amounts falling due within one year 2023 2022
£ £
Taxation and social security costs 37,890 27,948
Other creditors 16,451 11,418
54,341 39,366
7 Other information
ICD (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Durdham Park
Bristol
BS6 3BH
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