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REGISTERED NUMBER: 06503942 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024

FOR

I C B CONSULTANCY LIMITED

I C B CONSULTANCY LIMITED (REGISTERED NUMBER: 06503942)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


I C B CONSULTANCY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: I Browne
Mrs C J Browne





SECRETARY: Mrs C J Browne





REGISTERED OFFICE: 2 Roach
Dosthill
Tamworth
Staffordshire
B77 1LN





REGISTERED NUMBER: 06503942 (England and Wales)





ACCOUNTANTS: Philip Barnes & Co Limited
Chartered Accountants
The Old Council Chambers
Halford Street
Tamworth
Staffordshire
B79 7RB

I C B CONSULTANCY LIMITED (REGISTERED NUMBER: 06503942)

BALANCE SHEET
29 FEBRUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 22,775 1,934
Investments 5 142,215 176,440
Investment property 6 270,000 270,000
434,990 448,374

CURRENT ASSETS
Debtors 7 20,456 32,505
Cash at bank and in hand 20,675 50,018
41,131 82,523
CREDITORS
Amounts falling due within one year 8 5,461 18,612
NET CURRENT ASSETS 35,670 63,911
TOTAL ASSETS LESS CURRENT
LIABILITIES

470,660

512,285

PROVISIONS FOR LIABILITIES 50 670
NET ASSETS 470,610 511,615

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 470,510 511,515
SHAREHOLDERS' FUNDS 470,610 511,615

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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 Profit and loss account has not been delivered.

I C B CONSULTANCY LIMITED (REGISTERED NUMBER: 06503942)

BALANCE SHEET - continued
29 FEBRUARY 2024



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:





I Browne - Director


I C B CONSULTANCY LIMITED (REGISTERED NUMBER: 06503942)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

I C B Consultancy 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 as modified by the revaluation of certain assets.

The significant accounting policies applied in the preparation of the financial statements are set out below. These policies have been consistently applied to all periods presented unless otherwise stated.

The company has taken advantage of the exemption available to small entities not to restate comparative information to comply with the fair value measurement requirements of sections 11 and 12 of FRS 102.

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 - 15% reducing balance
Fixtures and fittings - 33% on cost and 25% on cost
Motor vehicles - 25% reducing balance

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is dealt with through profit and loss. Values otherwise stated the directors have considered the fair value of investment property having taken account of the local properties market and values of similar properties.

Fixed asset investments
Investments are included at fair value. Listed investments are valued at their market value at the balance sheet date and any changes in their fair value between the previous year end or acquisition, as applicable are recognised in the profit and loss account.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current tax is recognised at the amount of tax payable using the tax rates and laws that 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.

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

The average number of employees during the year was 2 (2023 - 2 ) .

I C B CONSULTANCY LIMITED (REGISTERED NUMBER: 06503942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 March 2023 1,900 4,328 - 6,228
Additions - - 23,000 23,000
At 29 February 2024 1,900 4,328 23,000 29,228
DEPRECIATION
At 1 March 2023 777 3,517 - 4,294
Charge for year 168 553 1,438 2,159
At 29 February 2024 945 4,070 1,438 6,453
NET BOOK VALUE
At 29 February 2024 955 258 21,562 22,775
At 28 February 2023 1,123 811 - 1,934

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 March 2023 176,440
Additions 6,982
Disposals (46,240 )
Change in value 5,033
At 29 February 2024 142,215
NET BOOK VALUE
At 29 February 2024 142,215
At 28 February 2023 176,440


6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 270,000
NET BOOK VALUE
At 29 February 2024 270,000
At 28 February 2023 270,000


I C B CONSULTANCY LIMITED (REGISTERED NUMBER: 06503942)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 15,463 27,410
Other debtors 4,993 5,095
20,456 32,505

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 563
Taxation and social security 2,687 15,476
Other creditors 2,774 2,573
5,461 18,612

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loan - 563

The bank loan is secured by a fixed and floating charge on the assets of the company.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

There is a balance due from the directors at the end of the year of £3,675 (2023 - £2,480). There are no set repayment terms.