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REGISTERED NUMBER: 05583045 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

INTERNATIONAL COMPLIANCE MANAGEMENT
LTD

INTERNATIONAL COMPLIANCE MANAGEMENT
LTD (REGISTERED NUMBER: 05583045)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2 to 3

Notes to the Financial Statements 4 to 7


INTERNATIONAL COMPLIANCE MANAGEMENT
LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: M R Boughen





REGISTERED OFFICE: 4 The Laurels
Weeton
Preston
Lancashire
PR4 3NQ





REGISTERED NUMBER: 05583045 (England and Wales)





ACCOUNTANTS: Majors Limited
F15 The Bloc
38 Springfield Way
Anlaby
Hull
E. Yorks
HU10 6RJ

INTERNATIONAL COMPLIANCE MANAGEMENT
LTD (REGISTERED NUMBER: 05583045)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 - 246
Investment property 6 85,468 85,468
85,468 85,714

CURRENT ASSETS
Debtors 7 517,715 528,234
Cash at bank 68,395 102,270
586,110 630,504
CREDITORS
Amounts falling due within one year 8 44,136 85,521
NET CURRENT ASSETS 541,974 544,983
TOTAL ASSETS LESS CURRENT
LIABILITIES

627,442

630,697

PROVISIONS FOR LIABILITIES - 47
NET ASSETS 627,442 630,650

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 627,342 630,550
SHAREHOLDERS' FUNDS 627,442 630,650

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.

INTERNATIONAL COMPLIANCE MANAGEMENT
LTD (REGISTERED NUMBER: 05583045)

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 director and authorised for issue on 17 December 2024 and were signed by:





M R Boughen - Director


INTERNATIONAL COMPLIANCE MANAGEMENT
LTD (REGISTERED NUMBER: 05583045)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

International Compliance Management Ltd 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.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Website is being amortised evenly over its estimated useful life of nil years.

Intangible assets
The cost of the company's website has been capitalised and is being amortised over three years on a straight line basis.

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 etc - 33% on cost and 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.


INTERNATIONAL COMPLIANCE MANAGEMENT
LTD (REGISTERED NUMBER: 05583045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 April 2023
and 31 March 2024 495
AMORTISATION
At 1 April 2023
and 31 March 2024 495
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

INTERNATIONAL COMPLIANCE MANAGEMENT
LTD (REGISTERED NUMBER: 05583045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Plant and
machiner
etc
£   
COST
At 1 April 2023
and 31 March 2024 5,187
DEPRECIATION
At 1 April 2023 4,941
Charge for year 246
At 31 March 2024 5,187
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 246

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 85,468
NET BOOK VALUE
At 31 March 2024 85,468
At 31 March 2023 85,468

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 24,819 38,847
Amounts recoverable on contract 5,785 7,333
Other debtors 385,460 388,618
Director's loan account 79,303 71,337
Tax 19,643 19,643
Social security and other tax - 981
VAT 908 234
Prepayments and accrued income 1,797 1,241
517,715 528,234

INTERNATIONAL COMPLIANCE MANAGEMENT
LTD (REGISTERED NUMBER: 05583045)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 22,083 15,324
Tax 20,854 35,113
Social security and other taxes 762 -
Other creditors 226 1,972
Accruals and deferred income 211 33,112
44,136 85,521

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2024 and 31 March 2023:

2024 2023
£    £   
M R Boughen
Balance outstanding at start of year 71,337 48,269
Amounts advanced 103,790 150,300
Amounts repaid (95,824 ) (127,232 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 79,303 71,337