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REGISTERED NUMBER: 11749934 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Icu Electronic Systems Ltd

Icu Electronic Systems Ltd (Registered number: 11749934)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icu Electronic Systems Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: C Maddison





REGISTERED OFFICE: Unit C Sunrise Entreprise Park
Ferryboat Lane
Sunderland
Tyne and Wear
SR5 5RX





REGISTERED NUMBER: 11749934 (England and Wales)

Icu Electronic Systems Ltd (Registered number: 11749934)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 24,393 19,156

CURRENT ASSETS
Debtors 5 22,450 7,419
Cash at bank 39,874 33,889
62,324 41,308
CREDITORS
Amounts falling due within one year 6 42,236 21,654
NET CURRENT ASSETS 20,088 19,654
TOTAL ASSETS LESS CURRENT
LIABILITIES

44,481

38,810

CREDITORS
Amounts falling due after more than one
year

7

(31,507

)

(26,639

)

PROVISIONS FOR LIABILITIES (1,274 ) (2,455 )
NET ASSETS 11,700 9,716

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 11,699 9,715
11,700 9,716

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Icu Electronic Systems Ltd (Registered number: 11749934)

Balance Sheet - continued
31 January 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 director and authorised for issue on 31 October 2024 and were signed by:





C Maddison - Director


Icu Electronic Systems Ltd (Registered number: 11749934)

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

1. STATUTORY INFORMATION

Icu Electronic Systems Ltd 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.
Plant and machinery etc - 25% on cost and 20% on cost

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.

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 4 (2023 - 2 ) .

Icu Electronic Systems Ltd (Registered number: 11749934)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 44,239
Additions 17,999
Disposals (3,700 )
At 31 January 2024 58,538
DEPRECIATION
At 1 February 2023 25,083
Charge for year 12,022
Eliminated on disposal (2,960 )
At 31 January 2024 34,145
NET BOOK VALUE
At 31 January 2024 24,393
At 31 January 2023 19,156

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 22,450 -
Other debtors - 7,419
22,450 7,419

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade creditors 1,371 -
Taxation and social security 11,206 12,621
Other creditors 29,659 9,033
42,236 21,654

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.1.24 31.1.23
£    £   
Bank loans 19,049 26,639
Other creditors 12,458 -
31,507 26,639

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 19,049 26,639