Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-294370false2023-03-01falseElectrical installations3633falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04166363 2023-03-01 2024-02-29 04166363 2022-03-01 2023-02-28 04166363 2024-02-29 04166363 2023-02-28 04166363 c:Director1 2023-03-01 2024-02-29 04166363 d:Buildings d:LongLeaseholdAssets 2023-03-01 2024-02-29 04166363 d:Buildings d:LongLeaseholdAssets 2024-02-29 04166363 d:Buildings d:LongLeaseholdAssets 2023-02-28 04166363 d:PlantMachinery 2023-03-01 2024-02-29 04166363 d:PlantMachinery 2024-02-29 04166363 d:PlantMachinery 2023-02-28 04166363 d:PlantMachinery d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04166363 d:PlantMachinery d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 04166363 d:MotorVehicles 2023-03-01 2024-02-29 04166363 d:MotorVehicles 2024-02-29 04166363 d:MotorVehicles 2023-02-28 04166363 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04166363 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 04166363 d:OfficeEquipment 2023-03-01 2024-02-29 04166363 d:OfficeEquipment 2024-02-29 04166363 d:OfficeEquipment 2023-02-28 04166363 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04166363 d:OfficeEquipment d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 04166363 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 04166363 d:LeasedAssetsHeldAsLessee 2023-03-01 2024-02-29 04166363 d:CurrentFinancialInstruments 2024-02-29 04166363 d:CurrentFinancialInstruments 2023-02-28 04166363 d:Non-currentFinancialInstruments 2024-02-29 04166363 d:Non-currentFinancialInstruments 2023-02-28 04166363 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 04166363 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 04166363 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 04166363 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 04166363 d:ShareCapital 2024-02-29 04166363 d:ShareCapital 2023-02-28 04166363 d:RetainedEarningsAccumulatedLosses 2024-02-29 04166363 d:RetainedEarningsAccumulatedLosses 2023-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-03-01 2024-02-29 04166363 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2024-02-29 04166363 d:FurtherSpecificTypeProvisionContingentLiability1ComponentTotalProvisionsContingentLiabilities 2023-02-28 04166363 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-03-01 2024-02-29 04166363 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2024-02-29 04166363 d:FurtherSpecificTypeProvisionContingentLiability2ComponentTotalProvisionsContingentLiabilities 2023-02-28 04166363 c:FRS102 2023-03-01 2024-02-29 04166363 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 04166363 c:FullAccounts 2023-03-01 2024-02-29 04166363 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 04166363 d:WithinOneYear 2024-02-29 04166363 d:WithinOneYear 2023-02-28 04166363 d:BetweenOneFiveYears 2024-02-29 04166363 d:BetweenOneFiveYears 2023-02-28 04166363 2 2023-03-01 2024-02-29 04166363 4 2023-03-01 2024-02-29 04166363 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 04166363 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 04166363 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 04166363 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 04166363 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2024-02-29 04166363 d:MotorVehicles d:LeasedAssetsHeldAsLessee 2023-02-28 04166363 d:LeasedAssetsHeldAsLessee 2024-02-29 04166363 d:LeasedAssetsHeldAsLessee 2023-02-28 04166363 e:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure

Registered number: 04166363










INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 29 FEBRUARY 2024

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
REGISTERED NUMBER:04166363

STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
218,855
278,908

  
218,855
278,908

Current assets
  

Debtors: amounts falling due within one year
 5 
1,335,314
1,183,009

Bank & cash balances
  
903,971
413,781

  
2,239,285
1,596,790

Creditors: amounts falling due within one year
 6 
(936,896)
(726,488)

Net current assets
  
 
 
1,302,389
 
 
870,302

Total assets less current liabilities
  
1,521,244
1,149,210

Creditors: amounts falling due after more than one year
 7 
(106,257)
(158,269)

Provisions for liabilities
  

Deferred Taxation
  
(53,623)
(65,935)

Other provisions
 9 
(209,404)
(184,651)

  
 
 
(263,027)
 
 
(250,586)

Net assets
  
1,151,960
740,355


Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
1,151,860
740,255

  
1,151,960
740,355


Page 1

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
REGISTERED NUMBER:04166363
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the income statement in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 5 August 2024.




T McMonagle
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Integrated Control Solutions (Eastern) Limited is a company limited by shares incorporated in England within the United Kingdom. The address of the registered office is Unit 10 Collers Way, Reepham, Norwich, Norfolk, NR10 4SW.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated. 

 
2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the Company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before turnover is recognised:

Rendering of services

Turnover from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of turnover can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Operating leases: the Company as lessee

Rentals paid under operating leases are charged to profit or loss on a straight-line basis over the lease term.

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 3

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.6

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.7

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

 
2.8

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

Page 4

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.9

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives. 

Depreciation is provided on the following basis:

L/Term Leasehold Property
-
10% per annum straight line
Plant & machinery
-
20% per annum reducing balance
Motor vehicles
-
25% per annum reducing balance
Office equipment
-
33.35% per annum reducing balance

 
2.10

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.11

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.12

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.13

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Increases in provisions are generally charged as an expense to profit or loss.


3.


Employees

The average monthly number of employees, including directors, during the year was 36 (2023 - 33).

Page 5

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Tangible fixed assets







L/Term Leasehold Property
Plant & machinery
Motor vehicles
Office equipment
Total

£
£
£
£
£



Cost or valuation


At 1 March 2023
43,700
10,994
489,468
77,113
621,275


Additions
-
-
26,705
5,049
31,754


Disposals
-
(10,744)
(84,349)
(33,228)
(128,321)



At 29 February 2024

43,700
250
431,824
48,934
524,708



Depreciation


At 1 March 2023
34,960
10,413
239,596
57,398
342,367


Charge for the year on owned assets
4,370
2
1,601
7,826
13,799


Charge for the year on financed assets
-
-
64,712
-
64,712


Disposals
-
(10,175)
(73,025)
(31,825)
(115,025)



At 29 February 2024

39,330
240
232,884
33,399
305,853



Net book value



At 29 February 2024
4,370
10
198,940
15,535
218,855



At 28 February 2023
8,740
581
249,872
19,715
278,908

The net book value of assets held under finance leases or hire purchase contracts, included above, are as follows:


29 February
28 February
2024
2023
£
£



Motor vehicles
194,134
232,140

194,134
232,140

Page 6

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
1,091,043
1,042,082

Other debtors
170,698
81,022

Prepayments and accrued income
73,573
59,905

1,335,314
1,183,009



6.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Trade creditors
556,955
452,360

Corporation tax
157,546
46,987

Other taxation and social security
59,397
55,162

Obligations under finance lease and hire purchase contracts
72,323
76,909

Other creditors
13,865
18,613

Accruals and deferred income
76,810
76,457

936,896
726,488


The obligations under hire purchase contracts are secured upon the assets to which they relate.


7.


Creditors: Amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Net obligations under finance leases and hire purchase contracts
106,257
158,269

106,257
158,269


Page 7

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

8.


Deferred taxation






2024


£






At beginning of year
(65,935)


Charged to profit or loss
12,312



At end of year
(53,623)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Accelerated capital allowances
(54,236)
(66,470)

Short term timing differences
613
535

(53,623)
(65,935)


9.


Provisions






Warranty provision
Dilapidation
Total

£
£
£





At 1 March 2023
162,151
22,500
184,651


Charged to profit or loss
24,753
-
24,753



At 29 February 2024
186,904
22,500
209,404

The warranty provision represents potential future liabilities arising on goods and services supplied and is based upon historic data.
The dilapidations provision represents the potential future liabilities arising on the costs to put the leased units the company occupies back to into the original state when first leased.

Page 8

 
INTEGRATED CONTROL SOLUTIONS (EASTERN) LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

10.


Pension commitments

The company operates a defined contributions pension scheme. The pension cost charge represents contributions payable by the company to the fund and amounted to £52,320 (2023 - £48,197). Contributions totalling £2,455 (2023 - £2,141) were payable to the fund at the reporting date and are included in creditors.


11.


Commitments under operating leases

At 29 February 2024 the Company had future minimum lease payments due under non-cancellable operating leases for each of the following periods:

29 February
28 February
2024
2023
£
£


Not later than 1 year
101,870
43,674

Later than 1 year and not later than 5 years
105,487
63,419



 
Page 9