ICL AGENCIES UK LIMITED

Company Registration Number:
04371745 (England and Wales)

Unaudited statutory accounts for the year ended 31 December 2023

Period of accounts

Start date: 1 January 2023

End date: 31 December 2023

ICL AGENCIES UK LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2023

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

ICL AGENCIES UK LIMITED

Directors' report period ended 31 December 2023

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

Principal activities of the company

The company's principal activity is the coordination of administration requirements at UK and Irish docks, supporting the provision of international container transportation between Northern Europe and the East Coast of the United States



Directors

The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023

Dean Robertson


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
19 September 2024

And signed on behalf of the board by:
Name: Dean Robertson
Status: Director

ICL AGENCIES UK LIMITED

Profit And Loss Account

for the Period Ended 31 December 2023

2023 2022


£

£
Turnover: 4,097,181 4,433,799
Gross profit(or loss): 4,097,181 4,433,799
Administrative expenses: ( 3,953,759 ) ( 4,342,886 )
Operating profit(or loss): 143,422 90,913
Profit(or loss) before tax: 143,422 90,913
Tax: ( 34,978 ) ( 14,588 )
Profit(or loss) for the financial year: 108,444 76,325

ICL AGENCIES UK LIMITED

Balance sheet

As at 31 December 2023

Notes 2023 2022


£

£
Fixed assets
Tangible assets: 3 126,515 122,412
Total fixed assets: 126,515 122,412
Current assets
Debtors: 4 2,421,770 2,850,227
Cash at bank and in hand: 341,622 271,064
Total current assets: 2,763,392 3,121,291
Creditors: amounts falling due within one year: 5 ( 2,173,359 ) ( 2,629,524 )
Net current assets (liabilities): 590,033 491,767
Total assets less current liabilities: 716,548 614,179
Provision for liabilities: ( 8,492 ) ( 14,567 )
Total net assets (liabilities): 708,056 599,612
Capital and reserves
Called up share capital: 100 100
Profit and loss account: 707,956 599,512
Total Shareholders' funds: 708,056 599,612

The notes form part of these financial statements

ICL AGENCIES UK LIMITED

Balance sheet statements

For the year ending 31 December 2023 the company was entitled to exemption 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 directors acknowledge their 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.

This report was approved by the board of directors on 19 September 2024
and signed on behalf of the board by:

Name: Dean Robertson
Status: Director

The notes form part of these financial statements

ICL AGENCIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

    Turnover policy

    Turnover represents recharged costs either at par or at mark-up of 4% to a fellow group undertaking. Sales are recognised at invoiced amounts less Value Added Tax. Turnover arises solely within the United Kingdom

    Tangible fixed assets depreciation policy

    Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management. Depreciation is charged so as to allocate the cost of asset less their residual value over their estimated useful lives, using the straight-line method.

    Other accounting policies

    - basis of preparation of financial statements - going concern - debtors - cash and cash equivalents - creditors - financial instruments - foreign currency translation - operating leases: the company as lessee - pensions - provisions for liabilities - current and deferred taxation

ICL AGENCIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

  • 2. Employees

    2023 2022
    Average number of employees during the period 36 36

ICL AGENCIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 January 2023 210,401 5,000 61,881 313,743 55,028 646,053
Additions 14,478 3,212 5,510 40,010 63,210
Disposals
Revaluations
Transfers
At 31 December 2023 224,879 5,000 65,093 319,253 95,038 709,263
Depreciation
At 1 January 2023 180,264 5,000 53,628 251,503 33,246 523,641
Charge for year 21,617 0 3,515 20,218 13,757 59,107
On disposals
Other adjustments
At 31 December 2023 201,881 5,000 57,143 271,721 47,003 582,748
Net book value
At 31 December 2023 22,998 0 7,950 47,532 48,035 126,515
At 31 December 2022 30,137 0 8,253 62,240 21,782 122,412

ICL AGENCIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

4. Debtors

2023 2022
£ £
Trade debtors 2,263,662 2,739,188
Prepayments and accrued income 121,984 82,868
Other debtors 36,124 28,171
Total 2,421,770 2,850,227

ICL AGENCIES UK LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2023

5. Creditors: amounts falling due within one year note

2023 2022
£ £
Trade creditors 336 10,386
Taxation and social security 98,461 54,798
Accruals and deferred income 2,074,562 2,564,340
Total 2,173,359 2,629,524