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REGISTERED NUMBER: 01826522 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Icenorth Limited

Icenorth Limited (Registered number: 01826522)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Icenorth Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr S C Wagstaff





REGISTERED OFFICE: 554 Newark Road
North Hykeham
Lincoln
Lincolnshire
LN6 9NG





REGISTERED NUMBER: 01826522 (England and Wales)





ACCOUNTANTS: Hawson Jefferies
Suite 4
164-170 Queens Road
Sheffield
South Yorkshire
S2 4DH

Icenorth Limited (Registered number: 01826522)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 35,914 55,972

CURRENT ASSETS
Stocks 5,000 4,000
Debtors 5 50,705 41,097
Cash at bank 42,652 72,689
98,357 117,786
CREDITORS
Amounts falling due within one year 6 69,796 55,684
NET CURRENT ASSETS 28,561 62,102
TOTAL ASSETS LESS CURRENT
LIABILITIES

64,475

118,074

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 64,375 117,974
SHAREHOLDERS' FUNDS 64,475 118,074

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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 28 January 2025 and were signed by:





Mr S C Wagstaff - Director


Icenorth Limited (Registered number: 01826522)

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

1. STATUTORY INFORMATION

Icenorth 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.
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance
Office Equipment - 15% on reducing balance

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and Motor Office
machinery vehicles Equipment Totals
£    £    £    £   
COST
At 1 February 2023 15,618 217,605 16,470 249,693
Disposals - (28,000 ) - (28,000 )
At 31 January 2024 15,618 189,605 16,470 221,693
DEPRECIATION
At 1 February 2023 11,436 171,141 11,144 193,721
Charge for year 629 9,278 799 10,706
Eliminated on disposal - (18,648 ) - (18,648 )
At 31 January 2024 12,065 161,771 11,943 185,779
NET BOOK VALUE
At 31 January 2024 3,553 27,834 4,527 35,914
At 31 January 2023 4,182 46,464 5,326 55,972

Icenorth Limited (Registered number: 01826522)

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

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade debtors 50,705 40,897
Prepayments - 200
50,705 41,097

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Trade Creditors 18,076 5,839
Corporation tax 107 107
Social security and other taxes 96 3,209
Wages 889 1,877
VAT 14,209 9,271
Other creditors 19 135
Directors' current accounts 33,450 30,296
Accrued expenses 2,950 4,950
69,796 55,684

7. SECURED DEBTS

The banking facilities are secured by a fixed and floating charge dated 31st July 1990 in favour of HSBC Bank plc.

8. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mr S C Wagstaff.