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REGISTERED NUMBER: 07016223 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

INDUSTRIAL CONTROLS AND AUTOMATION
LIMITED

INDUSTRIAL CONTROLS AND AUTOMATION
LIMITED (REGISTERED NUMBER: 07016223)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


INDUSTRIAL CONTROLS AND AUTOMATION
LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: A Stubbs
N S Gibbs





SECRETARY:





REGISTERED OFFICE: Unit 5, Rinkway Business Park
Rink Drive
Swadllincote
Derbyshire
DE11 8JL





REGISTERED NUMBER: 07016223 (England and Wales)





ACCOUNTANTS: Neil Paul & Co
Chartered Certified Accountants
110 Swan Mews
Swan Road
Lichfield
Staffordshire
WS13 6TU

INDUSTRIAL CONTROLS AND AUTOMATION
LIMITED (REGISTERED NUMBER: 07016223)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,679 13,846

CURRENT ASSETS
Debtors 5 128,313 93,657
Cash at bank 29,828 66
158,141 93,723
CREDITORS
Amounts falling due within one year 6 170,764 76,740
NET CURRENT (LIABILITIES)/ASSETS (12,623 ) 16,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

(4,944

)

30,829

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (5,044 ) 30,729
SHAREHOLDERS' FUNDS (4,944 ) 30,829

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2023 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.

INDUSTRIAL CONTROLS AND AUTOMATION
LIMITED (REGISTERED NUMBER: 07016223)

BALANCE SHEET - continued
30 SEPTEMBER 2023


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 26 November 2024 and were signed on its behalf by:




A Stubbs - Director



N S Gibbs - Director


INDUSTRIAL CONTROLS AND AUTOMATION
LIMITED (REGISTERED NUMBER: 07016223)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023


1. STATUTORY INFORMATION

Industrial Controls and Automation 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.
Fixtures and fittings - 20% on cost
Computer equipment - 25% 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 7 (2022 - 5 ) .

INDUSTRIAL CONTROLS AND AUTOMATION
LIMITED (REGISTERED NUMBER: 07016223)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 October 2022 888 37,154 17,319 55,361
Additions - - 960 960
At 30 September 2023 888 37,154 18,279 56,321
DEPRECIATION
At 1 October 2022 888 24,215 16,412 41,515
Charge for year - 6,459 668 7,127
At 30 September 2023 888 30,674 17,080 48,642
NET BOOK VALUE
At 30 September 2023 - 6,480 1,199 7,679
At 30 September 2022 - 12,939 907 13,846

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 125,813 91,157
Other debtors 2,500 2,500
128,313 93,657

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts - 5,739
Trade creditors 72,085 30,680
Tax 17,202 8,757
Social security and other taxes 484 5,346
VAT 16,757 13,511
Other creditors 9,641 9,659
Directors' current accounts 658 878
Accruals and deferred income 53,937 2,170
170,764 76,740