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REGISTERED NUMBER: 10308214 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

ICEX GROUP LIMITED

ICEX GROUP LIMITED (REGISTERED NUMBER: 10308214)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICEX GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST DECEMBER 2023







DIRECTORS: I Harris
J Russell





REGISTERED OFFICE: C/O CBHC Ltd, Steeple House, Suite 3,
First Floor
Church Lane
Chelmsford
Essex
CM1 1NH





REGISTERED NUMBER: 10308214 (England and Wales)





ACCOUNTANTS: CBHC Limited
Suite 3, Steeple House
Church Lane
Chelmsford
Essex
CM1 1NH

ICEX GROUP LIMITED (REGISTERED NUMBER: 10308214)

BALANCE SHEET
31ST DECEMBER 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 15,723 -
Investments 5 478,045 478,045
493,768 478,045

CURRENT ASSETS
Debtors 6 50,541 50,792
Cash at bank 44 5,054
50,585 55,846
CREDITORS
Amounts falling due within one year 7 (325,680 ) (320,102 )
NET CURRENT LIABILITIES (275,095 ) (264,256 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

218,673

213,789

CREDITORS
Amounts falling due after more than one year 8 (54,519 ) (102,491 )

PROVISIONS FOR LIABILITIES (2,987 ) -
NET ASSETS 161,167 111,298

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 161,067 111,198
SHAREHOLDERS' FUNDS 161,167 111,298

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st 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.

ICEX GROUP LIMITED (REGISTERED NUMBER: 10308214)

BALANCE SHEET - continued
31ST 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 6th August 2024 and were signed on its behalf by:





J Russell - Director


ICEX GROUP LIMITED (REGISTERED NUMBER: 10308214)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2023


1. STATUTORY INFORMATION

ICEX Group Limited 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.

Preparation of consolidated financial statements
The financial statements contain information about ICEX Group Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

3. EMPLOYEES AND DIRECTORS

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

ICEX GROUP LIMITED (REGISTERED NUMBER: 10308214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
Additions 17,800
At 31st December 2023 17,800
DEPRECIATION
Charge for year 2,077
At 31st December 2023 2,077
NET BOOK VALUE
At 31st December 2023 15,723

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1st January 2023
and 31st December 2023 478,045
NET BOOK VALUE
At 31st December 2023 478,045
At 31st December 2022 478,045

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 23,676 32,475
Other debtors 26,865 18,317
50,541 50,792

ICEX GROUP LIMITED (REGISTERED NUMBER: 10308214)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31ST DECEMBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 19,728 -
Amounts owed to group undertakings 145,039 157,232
Taxation and social security 5,590 23,738
Other creditors 155,323 139,132
325,680 320,102

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Other creditors 54,519 102,491

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owed the following balance to directors, £114,436 (2022: £103,576).

11. RELATED PARTY DISCLOSURES

At the balance sheet date the company owed the following balances, £11,745 (2022: £25,937) to ICEX Limited, £131,275 (2022: £131,675) to ICEX Computers Limited and £2,019 (2022: £20) to Recycling your IT Limited. All companies are within the group.

Also, included in Trade Debtors are the following balances, £9,956 owed from ICEX Limited and £16,000 owed from ICEX Computers Limited.

During the year the company charged £36,000 (2022: £42,000) for Management fees to ICEX Computers Ltd, one of the subsidiaries of ICEX Group Ltd and £55,200 (2022: £55,200) for Management fees to ICEX Ltd which is also a subsidiary of the ICEX Group Ltd.