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Company Registration No. 11860150 (England and Wales)
International Composite Solutions Ltd Unaudited accounts for the year ended 29 February 2024
International Composite Solutions Ltd Unaudited accounts Contents
Page
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International Composite Solutions Ltd Company Information for the year ended 29 February 2024
Director
Mr D L Evans
Company Number
11860150 (England and Wales)
Registered Office
7 Ffordd Dewi Llandudno Conwy LL30 1EL United Kingdom
Accountants
Bisby Accountancy Ltd The Cottage 23 Llandudno Road Penrhyn Bay Llandudno Conwy LL30 3EP
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International Composite Solutions Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,997 
1,839 
Current assets
Debtors
5,000 
- 
Cash at bank and in hand
22,413 
34,012 
27,413 
34,012 
Creditors: amounts falling due within one year
4,919 
(13,689)
Net current assets
32,332 
20,323 
Net assets
34,329 
22,162 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
34,229 
22,062 
Shareholders' funds
34,329 
22,162 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 14 May 2024 and were signed on its behalf by
Mr D L Evans Director Company Registration No. 11860150
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International Composite Solutions Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
International Composite Solutions Ltd is a private company, limited by shares, registered in England and Wales, registration number 11860150. The registered office is 7 Ffordd Dewi, Llandudno, Conwy, LL30 1EL, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% Reducing balance
Computer equipment
33% Reducing balance
Going concern
The director has reviewed the company?s financial position and have considered the potential implications of the Coronavirus (COVID-19) pandemic. Whilst the eventual financial impact of the pandemic on the company, and on the overall economy, remains uncertain, the director is confident that the company will be able to remain operational throughout the pandemic.
4
Tangible fixed assets
Plant & machinery 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 March 2023
3,394 
1,529 
4,923 
Additions
- 
999 
999 
At 29 February 2024
3,394 
2,528 
5,922 
Depreciation
At 1 March 2023
2,204 
880 
3,084 
Charge for the year
297 
544 
841 
At 29 February 2024
2,501 
1,424 
3,925 
Net book value
At 29 February 2024
893 
1,104 
1,997 
At 28 February 2023
1,190 
649 
1,839 
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International Composite Solutions Ltd Notes to the Accounts for the year ended 29 February 2024
5
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
5,000 
- 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
6,333 
9,033 
Taxes and social security
11,943 
8,597 
Loans from directors
(23,975)
(4,691)
Accruals
780 
750 
(4,919)
13,689 
7
Average number of employees
During the year the average number of employees was 1 (2023: 1).
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