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REGISTERED NUMBER: 11735922 (England and Wales)















INSULATED CONSTRUCTION GROUP LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)






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




Page

Company Information 1

Income Statement 2

Statement of Financial Position 3

Statement of Changes in Equity 4

Notes to the Financial Statements 5 to 6


INSULATED CONSTRUCTION GROUP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Lippiatt
Mrs D L Nunn





REGISTERED OFFICE: S&W Group
S&W House
Longhill Road
March
PE15 0BL





REGISTERED NUMBER: 11735922 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
4 Henley Way
Doddington Road
Lincoln
Lincolnshire
LN6 3QR

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

INCOME STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2023

31.12.23 31.12.22
£    £   

TURNOVER 3,436,555 2,067,594

Cost of sales 2,494,518 1,677,290
GROSS PROFIT 942,037 390,304

Administrative expenses 100,842 91,878
841,195 298,426

Other operating income 2,541 -
OPERATING PROFIT and
PROFIT BEFORE TAXATION 843,736 298,426

Tax on profit 200,055 59,375
PROFIT FOR THE FINANCIAL YEAR 643,681 239,051

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 56,602 35,215

CURRENT ASSETS
Debtors 5 432,166 391,731
Cash at bank 437,193 465,678
869,359 857,409
CREDITORS
Amounts falling due within one year 6 456,143 466,487
NET CURRENT ASSETS 413,216 390,922
TOTAL ASSETS LESS CURRENT LIABILITIES 469,818 426,137

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 469,718 426,037
SHAREHOLDERS' FUNDS 469,818 426,137

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.

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

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 15 August 2024 and were signed on its behalf by:





Mrs D L Nunn - Director


INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2023

Called up
share Retained Total
capital earnings equity
£    £    £   
Balance at 1 January 2022 100 386,986 387,086

Changes in equity
Profit for the year - 239,051 239,051
Total comprehensive income - 239,051 239,051
Dividends - (200,000 ) (200,000 )
Balance at 31 December 2022 100 426,037 426,137

Changes in equity
Profit for the year - 643,681 643,681
Total comprehensive income - 643,681 643,681
Dividends - (600,000 ) (600,000 )
Balance at 31 December 2023 100 469,718 469,818

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

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

1. STATUTORY INFORMATION

Insulated Construction 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - 33% on cost and 25% on reducing balance

Tangible fixed assets are held at cost less depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 the income statement 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 the income statement in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

INSULATED CONSTRUCTION GROUP LIMITED (REGISTERED NUMBER: 11735922)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2023 48,966
Additions 40,417
At 31 December 2023 89,383
DEPRECIATION
At 1 January 2023 13,751
Charge for year 19,030
At 31 December 2023 32,781
NET BOOK VALUE
At 31 December 2023 56,602
At 31 December 2022 35,215

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade debtors 367,591 300,725
Amounts owed by group undertakings 100 100
Amounts recoverable on contract 12,889 -
Other debtors 51,586 90,906
432,166 391,731

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Trade creditors 190,735 369,839
Taxation and social security 239,577 87,758
Other creditors 25,831 8,890
456,143 466,487

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.12.23 31.12.22
value: £    £   
100 Ordinary 1 100 100