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REGISTERED NUMBER: 09986407 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

ICM Building Limited

ICM Building Limited (Registered number: 09986407)






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


ICM Building Limited

Company Information
for the Year Ended 31 March 2024







DIRECTOR: I C Morley





REGISTERED OFFICE: The Corner House,
2 High Street,
Aylesford, Kent,
England
ME207BG





REGISTERED NUMBER: 09986407 (England and Wales)





ACCOUNTANTS: Branston Adams
Suite 2, Victoria House
South Street
Farnham
Surrey
GU9 7QU

ICM Building Limited (Registered number: 09986407)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 29,738 19,752

CURRENT ASSETS
Debtors 5 18,403 61,038
Prepayments and accrued income 1,204 813
Cash at bank and in hand 42,785 17,778
62,392 79,629
CREDITORS
Amounts falling due within one year 6 85,100 66,273
NET CURRENT (LIABILITIES)/ASSETS (22,708 ) 13,356
TOTAL ASSETS LESS CURRENT
LIABILITIES

7,030

33,108

CREDITORS
Amounts falling due after more than one
year

7

(16,667

)

(26,667

)

PROVISIONS FOR LIABILITIES (5,682 ) (3,752 )
NET (LIABILITIES)/ASSETS (15,319 ) 2,689

CAPITAL AND RESERVES
Called up share capital 102 100
Retained earnings (15,421 ) 2,589
(15,319 ) 2,689

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 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.

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 6 November 2024 and were signed by:





I C Morley - Director


ICM Building Limited (Registered number: 09986407)

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

1. STATUTORY INFORMATION

ICM Building 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.

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 3 (2023 - 3 ) .

ICM Building Limited (Registered number: 09986407)

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

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Motor
machinery fittings vehicles Totals
£    £    £    £   
COST
At 1 April 2023 30,586 2,465 23,168 56,219
Additions 20,500 2,807 1,848 25,155
At 31 March 2024 51,086 5,272 25,016 81,374
DEPRECIATION
At 1 April 2023 20,122 1,685 14,660 36,467
Charge for year 9,295 871 5,003 15,169
At 31 March 2024 29,417 2,556 19,663 51,636
NET BOOK VALUE
At 31 March 2024 21,669 2,716 5,353 29,738
At 31 March 2023 10,464 780 8,508 19,752

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors - 1,734
S455 Tax 12,517 12,517
Directors' current accounts - 37,087
Tax 5,886 -
VAT - 9,700
18,403 61,038

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 34,309 25,149
Tax - 29,648
Social security and other taxes (459 ) (459 )
VAT 4,324 -
Other creditors 10,461 235
Directors' current accounts 24,715 -
Accruals and deferred income 1,750 1,700
85,100 66,273

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 2-5 years 16,667 26,667

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is I C Morley.

By virtue of his directorship and shareholding Mr I Morley was the company ultimate controller through out the current and previous year.