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Company Registration No. 10384172 (England and Wales)
ICS Globe Europe Ltd Unaudited accounts for the year ended 30 September 2023
ICS Globe Europe Ltd Unaudited accounts Contents
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ICS Globe Europe Ltd Company Information for the year ended 30 September 2023
Directors
Daniel Chisholm Daniel Woods James Woods Encom Group Holdings Limited
Secretary
Daniel Woods
Company Number
10384172 (England and Wales)
Registered Office
2 Falcon Gate Shire Park Welwyn Garden City AL7 1TW
Accountants
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD
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ICS Globe Europe Ltd Accountants' report
Accountants' report to the board of directors of ICS Globe Europe Ltd (the company)
These financial statements have been prepared in accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Acts that relate to preparing the financial statements of the company for the year ended 30 September 2023.
We have prepared these financial statements based on the accounting records, information and explanations provided by you. We do not express any opinion on the financial statements.
On the balance sheet you have acknowledged your duties under the prevailing Companies Acts to ensure that the company keeps adequate accounting records and prepares financial statements that give "a true and fair view".
You have determined that the company is exempt from the statutory requirement for an audit for the year ended 30 September 2023. Therefore, the financial statements are unaudited.
The financial statements are provided exclusively to the director for the limited purpose mentioned above, and may not be used or relied upon for any other purpose or by any other person, and we shall not be liable for any other usage or reliance.
RPJ Accountancy Limited Rivers Lodge West Common Harpenden Hertfordshire AL5 2JD 14 December 2023
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ICS Globe Europe Ltd Statement of financial position as at 30 September 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
207,578 
120,000 
Debtors
137,925 
60,643 
Cash at bank and in hand
30,069 
41,871 
375,572 
222,514 
Creditors: amounts falling due within one year
(299,308)
(224,730)
Net current assets/(liabilities)
76,264 
(2,216)
Net assets/(liabilities)
76,264 
(2,216)
Capital and reserves
Called up share capital
4 
4 
Profit and loss account
76,260 
(2,220)
Shareholders' funds
76,264 
(2,216)
For the year ending 30 September 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 directors acknowledge their 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 of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by
Daniel Woods Director Company Registration No. 10384172
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ICS Globe Europe Ltd Notes to the Accounts for the year ended 30 September 2023
1
Statutory information
ICS Globe Europe Ltd is a private company, limited by shares, registered in England and Wales, registration number 10384172. The registered office is 2 Falcon Gate, Shire Park, Welwyn Garden City, AL7 1TW.
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
25% straight line
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 sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Inventories
Inventories 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.
4
Tangible fixed assets
Plant & machinery 
£ 
Cost or valuation
At cost 
At 1 October 2022
7,287 
At 30 September 2023
7,287 
Depreciation
At 1 October 2022
7,287 
At 30 September 2023
7,287 
Net book value
At 30 September 2023
- 
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ICS Globe Europe Ltd Notes to the Accounts for the year ended 30 September 2023
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Trade debtors
137,921 
60,639 
Other debtors
4 
4 
137,925 
60,643 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
VAT
22,340 
(14,495)
Trade creditors
254,861 
237,430 
Taxes and social security
22,107 
1,795 
299,308 
224,730 
7
Average number of employees
During the year the average number of employees was 1 (2022: 2).
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