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REGISTERED NUMBER: 06956535 (England and Wales)












ICL SOLUTIONS LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024






ICL SOLUTIONS LIMITED (REGISTERED NUMBER: 06956535)






CONTENTS OF THE FINANCIAL STATEMENTS
for the year ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICL SOLUTIONS LIMITED

COMPANY INFORMATION
for the year ended 31 July 2024







DIRECTORS: D Elvin
M J Chapman





REGISTERED OFFICE: Wey Court West
Union Road
Farnham
Surrey
GU9 7PT





REGISTERED NUMBER: 06956535 (England and Wales)





ACCOUNTANTS: Shaw Gibbs Limited
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT

ICL SOLUTIONS LIMITED (REGISTERED NUMBER: 06956535)

BALANCE SHEET
31 July 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 32,233 55,217

CURRENT ASSETS
Stocks 7,517 26,805
Debtors 5 358,223 377,295
Cash at bank 152,688 74,551
518,428 478,651
CREDITORS
Amounts falling due within one year 6 (294,295 ) (222,331 )
NET CURRENT ASSETS 224,133 256,320
TOTAL ASSETS LESS CURRENT
LIABILITIES

256,366

311,537

CREDITORS
Amounts falling due after more than one year 7 (49,941 ) (95,862 )

PROVISIONS FOR LIABILITIES 9 (6,124 ) (10,491 )
NET ASSETS 200,301 205,184

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 11 200,300 205,183
SHAREHOLDERS' FUNDS 200,301 205,184

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 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.

ICL SOLUTIONS LIMITED (REGISTERED NUMBER: 06956535)

BALANCE SHEET - continued
31 July 2024


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 16 October 2024 and were signed on its behalf by:





D Elvin - Director


ICL SOLUTIONS LIMITED (REGISTERED NUMBER: 06956535)

NOTES TO THE FINANCIAL STATEMENTS
for the year ended 31 July 2024

1. STATUTORY INFORMATION

ICL Solutions 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 25% on cost
Motor vehicles - 25% on cost
Computer equipment - 25% on cost

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

ICL SOLUTIONS LIMITED (REGISTERED NUMBER: 06956535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST
At 1 August 2023
and 31 July 2024 1,110 100,917 15,556 117,583
DEPRECIATION
At 1 August 2023 978 49,359 12,029 62,366
Charge for year 80 21,119 1,785 22,984
At 31 July 2024 1,058 70,478 13,814 85,350
NET BOOK VALUE
At 31 July 2024 52 30,439 1,742 32,233
At 31 July 2023 132 51,558 3,527 55,217

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 198,785 341,938
Other debtors 110,100 -
Tax - 24,513
Prepayments 49,338 10,844
358,223 377,295

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts (see note 8) 46,000 46,000
Trade creditors 41,407 17,812
Tax 2,175 3,836
Social security and other taxes 4,772 4,112
Pension Control account 785 482
VAT 15,671 15,807
Other creditors 29,180 32,880
Deferred income 88,636 60,683
Accrued expenses 65,669 40,719
294,295 222,331

ICL SOLUTIONS LIMITED (REGISTERED NUMBER: 06956535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans (see note 8) 49,941 95,862

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank loans 46,000 46,000

Amounts falling due between one and two years:
Bank loans - 1-2 years 46,000 46,000

Amounts falling due between two and five years:
Bank loans - 2-5 years 3,941 49,862

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 6,124 10,491

Deferred
tax
£   
Balance at 1 August 2023 10,491
Provided during year (4,367 )
Balance at 31 July 2024 6,124

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

ICL SOLUTIONS LIMITED (REGISTERED NUMBER: 06956535)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the year ended 31 July 2024

11. RESERVES
Retained
earnings
£   

At 1 August 2023 205,183
Deficit for the year (4,883 )
At 31 July 2024 200,300

12. RELATED PARTY DISCLOSURES

D Elvin is a director and shareholder of 21 Consult Ltd. At the balance sheet date the company owed £23,221 to 21 Consult Ltd. (2023: the company owed £30,893 to 21 Consult Ltd.) The loan is interest free and repayable on demand.