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REGISTERED NUMBER: 08048167 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 March 2024

for

Integrated Communication Services
(Holdings) Limited

Integrated Communication Services
(Holdings) Limited (Registered number: 08048167)






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


Integrated Communication Services
(Holdings) Limited

Company Information
for the Year Ended 31 March 2024







DIRECTORS: Mr M S Menhennet
Mrs S Menhennet
Mr D Chapman





REGISTERED OFFICE: Pinfold House
Talbot Street
Nottingham
NG1 5GL





REGISTERED NUMBER: 08048167 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Integrated Communication Services
(Holdings) Limited (Registered number: 08048167)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investments 4 4,853,702 4,849,637

CURRENT ASSETS
Debtors 5 61,060 288,525
Cash at bank 15,111 625
76,171 289,150
CREDITORS
Amounts falling due within one year 6 4,656,231 4,540,255
NET CURRENT LIABILITIES (4,580,060 ) (4,251,105 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

273,642

598,532

CREDITORS
Amounts falling due after more than one
year

7

125,000

450,000
NET ASSETS 148,642 148,532

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 148,640 148,530
SHAREHOLDERS' FUNDS 148,642 148,532

Integrated Communication Services
(Holdings) Limited (Registered number: 08048167)

Balance Sheet - continued
31 March 2024


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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 22 November 2024 and were signed on its behalf by:





Mrs S Menhennet - Director


Integrated Communication Services
(Holdings) Limited (Registered number: 08048167)

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

1. STATUTORY INFORMATION

Integrated Communication Services (Holdings) 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

Accounting convention
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.

Preparation of consolidated financial statements
The financial statements contain information about Integrated Communication Services (Holdings) Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

Integrated Communication Services
(Holdings) Limited (Registered number: 08048167)

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

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 April 2023 4,849,637
Additions 4,065
At 31 March 2024 4,853,702
NET BOOK VALUE
At 31 March 2024 4,853,702
At 31 March 2023 4,849,637

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings - 288,525
Directors' current accounts 61,060 -
61,060 288,525

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 4,356,137 4,007,105
Tax 94 68
Other creditors 300,000 250,000
Directors' current accounts - 283,082
4,656,231 4,540,255

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 125,000 450,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
2 Ordinary £1 2 2

Integrated Communication Services
(Holdings) Limited (Registered number: 08048167)

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

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 March 2024 and the period ended 31 March 2023:

2024 2023
£    £   
Mr M S Menhennet and Mrs S Menhennet
Balance outstanding at start of year (283,082 ) (499,424 )
Amounts advanced 426,142 526,416
Amounts repaid (82,000 ) (310,074 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 61,060 (283,082 )

Interest has been charged on the overdrawn directors loan account at the HM Revenue & Customs official rate of interest for the year being 2.25%.

The overdrawn directors loan account balance was repaid within nine month of the companies year end.

10. RELATED PARTY DISCLOSURES

The balance on interest free loans provided from companies with common directors amounted to £4,356,137 (2023 : £3,718,580).

11. PRIOR PERIOD ADJUSTMENT

The financial statements have been amended to reflect a change of accounting policy in respect of the valuation of investments in subsidiaries. These investments are now stated at cost less impairment.