IRIS Accounts Production v24.2.0.383 10227153 Board of Directors 1.1.23 31.12.23 31.12.23 2.8.24 false true true false false false true false Auditors Opinion iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh102271532022-12-31102271532023-12-31102271532023-01-012023-12-31102271532021-12-31102271532022-01-012022-12-31102271532022-12-3110227153ns15:EnglandWales2023-01-012023-12-3110227153ns14:PoundSterling2023-01-012023-12-3110227153ns10:Director12023-01-012023-12-3110227153ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3110227153ns10:SmallEntities2023-01-012023-12-3110227153ns10:Audited2023-01-012023-12-3110227153ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3110227153ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3110227153ns10:FullAccounts2023-01-012023-12-311022715312023-01-012023-12-3110227153ns10:Director22023-01-012023-12-3110227153ns10:RegisteredOffice2023-01-012023-12-3110227153ns5:CurrentFinancialInstruments2023-12-3110227153ns5:CurrentFinancialInstruments2022-12-3110227153ns5:Non-currentFinancialInstruments2023-12-3110227153ns5:Non-currentFinancialInstruments2022-12-3110227153ns5:ShareCapital2023-12-3110227153ns5:ShareCapital2022-12-3110227153ns5:SharePremium2023-12-3110227153ns5:SharePremium2022-12-3110227153ns5:RetainedEarningsAccumulatedLosses2023-12-3110227153ns5:RetainedEarningsAccumulatedLosses2022-12-3110227153ns5:NetGoodwill2023-01-012023-12-3110227153ns5:ComputerEquipment2023-01-012023-12-3110227153ns5:NetGoodwill2022-12-3110227153ns5:NetGoodwill2023-12-3110227153ns5:NetGoodwill2022-12-3110227153ns5:ComputerEquipment2022-12-3110227153ns5:ComputerEquipment2023-12-3110227153ns5:ComputerEquipment2022-12-3110227153ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3110227153ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-31
REGISTERED NUMBER: 10227153 (England and Wales)










JUDY LANE ICS LIMITED

REPORT OF THE DIRECTORS AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023






JUDY LANE ICS LIMITED (REGISTERED NUMBER: 10227153)






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




Page

Company Information 1

Report of the Directors 2

Statement of Financial Position 3

Notes to the Financial Statements 4


JUDY LANE ICS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: M Posch
I R V Mackay



REGISTERED OFFICE: 7 St Georges Yard
Castle Street
Farnham
Surrey
GU9 7LW



REGISTERED NUMBER: 10227153 (England and Wales)



AUDITORS: Bevan Buckland LLP
Chartered Accountants
& Statutory Auditors
45 High Street
Haverfordwest
Pembrokeshire
SA61 2BP



ACCOUNTANTS: Yates & Co (Accountants) Limited
7 St Georges Yard
Castle Street
Farnham
Surrey
GU9 7LW

JUDY LANE ICS LIMITED (REGISTERED NUMBER: 10227153)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 31 DECEMBER 2023

The directors present their report with the financial statements of the company for the year ended 31 December 2023.

PRINCIPAL ACTIVITY
The principal activity of the company in the year under review was that of international conference services.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2023 to the date of this report.

M Posch
I R V Mackay

DIRECTORS' RESPONSIBILITIES STATEMENT
The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-select suitable accounting policies and then apply them consistently;
-make judgements and accounting estimates that are reasonable and prudent;
-prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS
The auditors, Bevan Buckland LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





M Posch - Director


1 August 2024

JUDY LANE ICS LIMITED (REGISTERED NUMBER: 10227153)

STATEMENT OF FINANCIAL POSITION
31 DECEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 93,333 128,333
Tangible assets 5 1,979 2,215
95,312 130,548

CURRENT ASSETS
Debtors 6 375,192 277,372
Cash at bank 466,010 267,867
841,202 545,239
CREDITORS
Amounts falling due within one year 7 361,146 195,045
NET CURRENT ASSETS 480,056 350,194
TOTAL ASSETS LESS CURRENT
LIABILITIES

575,368

480,742

CREDITORS
Amounts falling due after more than one
year

8

106,434

66,464
NET ASSETS 468,934 414,278

CAPITAL AND RESERVES
Called up share capital 350 350
Share premium 349,654 349,654
Retained earnings 118,930 64,274
468,934 414,278

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 1 August 2024 and were signed on its behalf by:





M Posch - Director


JUDY LANE ICS LIMITED (REGISTERED NUMBER: 10227153)

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

1. STATUTORY INFORMATION

Judy Lane ICS 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.

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

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2016, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 33% straight line

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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 profit or loss in the period to which they relate.

JUDY LANE ICS LIMITED (REGISTERED NUMBER: 10227153)

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

2. ACCOUNTING POLICIES - continued

Going concern
The impact of covid has now finished and profitability has returned to pre covid levels.

Government grant
Government grants are recognised in the income statement in an appropriate manner that matches them with the expenditure towards which they are intended to contribute.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2022 - 2 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 January 2023
and 31 December 2023 350,000
AMORTISATION
At 1 January 2023 221,667
Amortisation for year 35,000
At 31 December 2023 256,667
NET BOOK VALUE
At 31 December 2023 93,333
At 31 December 2022 128,333

5. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 January 2023 5,459
Additions 798
At 31 December 2023 6,257
DEPRECIATION
At 1 January 2023 3,244
Charge for year 1,034
At 31 December 2023 4,278
NET BOOK VALUE
At 31 December 2023 1,979
At 31 December 2022 2,215

JUDY LANE ICS LIMITED (REGISTERED NUMBER: 10227153)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 180,201 136,668
Other debtors - 19,952
VAT 412 524
Prepayments and accrued income 106,624 7,867
Accrued income 87,955 112,361
375,192 277,372

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,639 -
Trade creditors 14,272 38,395
Social security and other taxes 32,180 54,688
Other creditors 20,090 9,226
Accruals and deferred income 291,965 92,736
361,146 195,045

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Amounts owed to group undertakings 106,434 66,464

9. DISCLOSURE UNDER SECTION 444(5B) OF THE COMPANIES ACT 2006

The Report of the Auditors was unqualified.

Alun Evans (Senior Statutory Auditor)
for and on behalf of Bevan Buckland LLP

10. RELATED PARTY RELATIONSHIPS

The company's immediate and ultimate parent undertaking is International Conference Services Limited. International Conference Services Limited was incorporated in Canada. Copies of the group accounts may be obtained from the secretary, 710 - 1201 West Pender Street Vancouver BC V6E2V2. The ultimate controlling party is who controls 100% of the shares of Judy Lane ICS Limited. Amounts owing to the parent undertaking is disclosed in note 8 of the accounts.