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REGISTERED NUMBER: 11500990 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

ICON ENGINEERING HOLDINGS LTD

ICON ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 11500990)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICON ENGINEERING HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: N J Blunt
Mrs N Blunt
C P Dack
Mrs C M P Dack





SECRETARY: Mrs N Blunt





REGISTERED OFFICE: Europa Way
Wisbech
Cambridgeshire
PE13 2TZ





REGISTERED NUMBER: 11500990 (England and Wales)





ACCOUNTANTS: Wheelers
Chartered Accountants & Tax Consultants
27-29 Old Market
Wisbech
Cambridgeshire
PE13 1NE

ICON ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 11500990)

BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 545,761 569,825
Investments 5 40 40
545,801 569,865

CURRENT ASSETS
Debtors 6 509,557 533,765
Cash at bank 100 -
509,657 533,765
CREDITORS
Amounts falling due within one year 7 233,592 120,071
NET CURRENT ASSETS 276,065 413,694
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,866

983,559

PROVISIONS FOR LIABILITIES 1,400 1,400
NET ASSETS 820,466 982,159

CAPITAL AND RESERVES
Called up share capital 40 40
Retained earnings 820,426 982,119
SHAREHOLDERS' FUNDS 820,466 982,159

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.

ICON ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 11500990)

BALANCE SHEET - continued
31 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:





C P Dack - Director


ICON ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 11500990)

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

1. STATUTORY INFORMATION

Icon Engineering Holdings Ltd 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.

The directors believe that the company is well placed to manage its financial risks successfully and have reasonable expectation that it has adequate resources to continue in operational existence for the foreseeable future. Consequently, it continues to adopt the going concern basis of accounting in preparing the annual 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.
Freehold property - 4% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost less accumulated impairment losses. On disposal of investments in subsidiaries, the difference between disposal proceeds and the carrying amounts of the investments are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

ICON ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 11500990)

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

2. ACCOUNTING POLICIES - continued

Consolidation
The parent company and its subsidiary undertakings comprise a small group. The company has therefore taken advantage of the exemption provided by section 398 of the Companies Act 2006 not to prepare group accounts.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Freehold
property
£   
COST
At 1 January 2023
and 31 December 2023 633,382
DEPRECIATION
At 1 January 2023 63,557
Charge for year 24,064
At 31 December 2023 87,621
NET BOOK VALUE
At 31 December 2023 545,761
At 31 December 2022 569,825

Included in cost of land and buildings is freehold land of £ 31,770 (2022 - £ 31,770 ) which is not depreciated.

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2023
and 31 December 2023 40
NET BOOK VALUE
At 31 December 2023 40
At 31 December 2022 40

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Amounts owed by group undertakings 509,557 533,765

ICON ENGINEERING HOLDINGS LTD (REGISTERED NUMBER: 11500990)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.23 31.12.22
£    £   
Bank loans and overdrafts - 4
Taxation and social security 11,951 10,015
Other creditors 221,641 110,052
233,592 120,071

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 December 2023 and 31 December 2022:

31.12.23 31.12.22
£    £   
C P Dack
Balance outstanding at start of year - -
Amounts advanced 11,295 -
Amounts repaid (11,295 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

N J Blunt
Balance outstanding at start of year - -
Amounts advanced 18,691 -
Amounts repaid (18,691 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - -

Interest was charged on the overdrawn directors loan account balances at 2% until 5 April 2023 and 2.25% thereafter on balances in excess of £10,000.

Interest was paid on the credit directors loan account balances at 2% until 5 April 2023 and 2.25% thereafter.