1 false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2021 - FRS102_2021 370,000 370,000 370,000 xbrli:pure xbrli:shares iso4217:GBP 02513521 2023-01-01 2023-12-31 02513521 2023-12-31 02513521 2022-12-31 02513521 bus:Director1 2023-01-01 2023-12-31 02513521 core:WithinOneYear 2023-12-31 02513521 core:WithinOneYear 2022-12-31 02513521 core:ShareCapital 2023-12-31 02513521 core:ShareCapital 2022-12-31 02513521 core:RetainedEarningsAccumulatedLosses 2023-12-31 02513521 core:RetainedEarningsAccumulatedLosses 2022-12-31 02513521 core:LandBuildings 2023-12-31 02513521 core:LandBuildings 2022-12-31 02513521 bus:SmallEntities 2023-01-01 2023-12-31 02513521 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 02513521 bus:FullAccounts 2023-01-01 2023-12-31 02513521 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 02513521 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 02513521 core:InvestmentPropertiesRevaluationReserve 2023-12-31
COMPANY REGISTRATION NUMBER: 02513521
Integrated Communication Systems Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Integrated Communication Systems Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
£
£
Fixed assets
Tangible assets
5
370,000
370,000
Current assets
Debtors
6
962
895
Cash at bank and in hand
25,823
21,016
--------
--------
26,785
21,911
Creditors: amounts falling due within one year
7
24,209
19,702
--------
--------
Net current assets
2,576
2,209
---------
---------
Total assets less current liabilities
372,576
372,209
Provisions
Taxation including deferred tax
15,036
15,036
---------
---------
Net assets
357,540
357,173
---------
---------
Capital and reserves
Called up share capital
2
2
Non-distributable revaluation reserves
107,376
107,376
Profit and loss account
250,162
249,795
---------
---------
Shareholders funds
357,540
357,173
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Integrated Communication Systems Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 10 September 2024 , and are signed on behalf of the board by:
Mr S M Edwards
Director
Company registration number: 02513521
Integrated Communication Systems Limited
Notes to the Financial Statements
Year ended 31 December 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 8 Manor Farm Close, Oakington, Cambridge, CB24 3AT.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Investment properties
Investment properties are shown at their fair value. The surplus or deficit arising from the annual revaluation is recognised through the profit and loss for the year with any unrealised gains or losses at the balance sheet date being subsequently transferred to a separate non-distributable reserve.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Operating leases
Lease income is recognised in profit or loss on a straight line basis over the lease term. The aggregate cost of lease incentives are recognised as a reduction to income over the lease term on a straight-line basis. Costs, including depreciation, incurred in earning the lease income are recognised as an expense. Any initial direct costs incurred in negotiating and arranging the operating lease are added to the carrying amount of the lease and recognised as an expense over the lease term on the same basis as the lease income.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: Nil).
5. Tangible assets
Land and buildings
£
Cost
At 1 January 2023 and 31 December 2023
370,000
---------
Depreciation
At 1 January 2023 and 31 December 2023
---------
Carrying amount
At 31 December 2023
370,000
---------
At 31 December 2022
370,000
---------
The land and buildings included within tangible fixed assets relate to investment properties used for rental under operating leases. The historical cost of investment property is £247,588. The directors consider the carrying value of investment properties to equal market value as at 31 December 2023.
6. Debtors
2023
2022
£
£
Other debtors
962
895
----
----
7. Creditors: amounts falling due within one year
2023
2022
£
£
Trade creditors
16,156
14,537
Social security and other taxes
1,024
2,088
Other creditors
7,029
3,077
--------
--------
24,209
19,702
--------
--------