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REGISTERED NUMBER: 04689939 (England and Wales)
















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Icknield Limited

Icknield Limited (Registered number: 04689939)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Icknield Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: S R Smith
R Oren





SECRETARY: S R Smith





REGISTERED OFFICE: Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN





BUSINESS ADDRESS: 33 Heathfield
Royston
Hertfordshire
SG8 5BN





REGISTERED NUMBER: 04689939 (England and Wales)





ACCOUNTANTS: Hardcastle Burton LLP
Lake House
Market Hill
Royston
Hertfordshire
SG8 9JN

Icknield Limited (Registered number: 04689939)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 47,490 56
Investments 5 - 1
47,490 57

CURRENT ASSETS
Debtors 6 1,084,425 1,021,689
Cash at bank and in hand 548,698 592,174
1,633,123 1,613,863
CREDITORS
Amounts falling due within one year 7 1,191,774 1,135,124
NET CURRENT ASSETS 441,349 478,739
TOTAL ASSETS LESS CURRENT
LIABILITIES

488,839

478,796

CAPITAL AND RESERVES
Called up share capital 10 5,020 5,020
Retained earnings 483,819 473,776
SHAREHOLDERS' FUNDS 488,839 478,796

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.

Icknield Limited (Registered number: 04689939)

Balance Sheet - continued
31 March 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 18 November 2024 and were signed on its behalf by:





S R Smith - Director


Icknield Limited (Registered number: 04689939)

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

1. STATUTORY INFORMATION

Icknield 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.

The financial statements have been prepared on a going concern basis.

Significant judgements and estimates
The preparation of the financial statements requires management to make judgements, estimates and assumptions which impact on the reported amounts of assets and liabilities. Estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. Such estimates include the provision of doubtful debts.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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 - 25% on cost
Fixtures and fittings - 20% on cost
Computer equipment - 20% on cost

Investments in associates
Investments in associate undertakings are recognised at cost less impairment.

Icknield Limited (Registered number: 04689939)

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

2. ACCOUNTING POLICIES - continued

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party to the contractual provisions of the instrument.

Basic financial assets
Basic financial assets, which include debtors, are initially measured at transaction price including transaction costs and are subsequently carried at amortized cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities
Basic financial liabilities, including creditors and loans that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Icknield Limited (Registered number: 04689939)

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

2. ACCOUNTING POLICIES - continued

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 - 4 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 April 2023 - 11,179 10,124 21,303
Additions 48,500 - - 48,500
Reclassification/transfer - (11,179 ) 11,179 -
At 31 March 2024 48,500 - 21,303 69,803
DEPRECIATION
At 1 April 2023 - 11,123 10,124 21,247
Charge for year 1,010 - 56 1,066
Reclassification/transfer - (11,123 ) 11,123 -
At 31 March 2024 1,010 - 21,303 22,313
NET BOOK VALUE
At 31 March 2024 47,490 - - 47,490
At 31 March 2023 - 56 - 56

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 April 2023 1
Impairments (1 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 1

Icknield Limited (Registered number: 04689939)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 307,602 606,459
Other debtors 457,630 180,195
Deferred tax asset 268 2
Prepayments 63,007 63,481
Accrued income 255,918 171,552
1,084,425 1,021,689

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade creditors 259,491 446,724
Tax 38,064 20,350
Social security and other taxes 745 510
VAT 17,020 2,330
Other creditors 62 65
Deferred income 50,770 50,770
Accrued expenses 825,622 614,375
1,191,774 1,135,124

8. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.3.24 31.3.23
£    £   
Within one year - 17,871

9. DEFERRED TAX
£   
Balance at 1 April 2023 (2 )
Accelerated capital allowances (269 )
Unpaid Pension Movement 3
Balance at 31 March 2024 (268 )

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
5,000 Ordinary A £1 5,000 5,000
20 Ordinary B £1 20 20
5,020 5,020

Icknield Limited (Registered number: 04689939)

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

10. CALLED UP SHARE CAPITAL - continued

The Ordinary A shares are entitled to 23% of distributions and the Ordinary B shares 77% of distributions, subject to a £25,000 per annum priority dividend to each B shareholder.

Both classes of shares rank pari-passu in all respects.

11. PENSION COMMITMENTS

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £443 (2023: £370). The pension contributions outstanding at the year end amounted to £62 (2023: £65)