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REGISTERED NUMBER: 02606715 (England and Wales)















Financial Statements

for the Year Ended 31 March 2024

for

I C International Limited

I C International Limited (Registered number: 02606715)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


I C International Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: M Illman
Mrs D Reid





SECRETARY: Mrs D Reid





REGISTERED OFFICE: Lilleshall Buildings
Gower Street Trading Estate
St Georges
Telford
Shropshire
TF2 9HW





REGISTERED NUMBER: 02606715 (England and Wales)





ACCOUNTANTS: Vaughan Davies Enterprise Ltd
15 St Mary's Street
Newport
Shropshire
TF10 7AF

I C International Limited (Registered number: 02606715)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 203,472 204,265

CURRENT ASSETS
Stocks 41,300 82,000
Debtors 5 72,487 62,275
Cash at bank and in hand 336,528 312,700
450,315 456,975
CREDITORS
Amounts falling due within one year 6 136,634 156,266
NET CURRENT ASSETS 313,681 300,709
TOTAL ASSETS LESS CURRENT
LIABILITIES

517,153

504,974

CAPITAL AND RESERVES
Called up share capital 101 101
Retained earnings 517,052 504,873
SHAREHOLDERS' FUNDS 517,153 504,974

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

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

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 30 October 2024 and were signed on its behalf by:



M Illman - Director


I C International Limited (Registered number: 02606715)

Notes to the Financial Statements
for the Year Ended 31 March 2024

1. STATUTORY INFORMATION

I C International 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.
Freehold property - not provided
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

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

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

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 8 (2023 - 8 ) .

I C International Limited (Registered number: 02606715)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 201,085 39,150 15,252 22,059 277,546
DEPRECIATION
At 1 April 2023 - 38,831 15,097 19,353 73,281
Charge for year - 79 38 676 793
At 31 March 2024 - 38,910 15,135 20,029 74,074
NET BOOK VALUE
At 31 March 2024 201,085 240 117 2,030 203,472
At 31 March 2023 201,085 319 155 2,706 204,265

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 33,919 30,812
Other debtors 36,000 28,500
Prepayments 2,568 2,963
72,487 62,275

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 57,033 53,611
Tax 42,811 18,116
Social security and other taxes 4,493 4,441
VAT 8,742 7,457
Other creditors 23,015 71,601
Directors' current accounts 540 1,040
136,634 156,266