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REGISTERED NUMBER: 03559407











Unaudited Financial Statements

for the Year Ended 31 May 2024

for

ICA Solutions Limited

ICA Solutions Limited (Registered number: 03559407)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ICA Solutions Limited

Company Information
for the Year Ended 31 May 2024







DIRECTOR: P O Bassil





SECRETARY: Mrs M R A Bassil





REGISTERED OFFICE: Unit 22 Easter Park
Benyon Road
Silchester
Reading
Berkshire
RG7 2PQ





REGISTERED NUMBER: 03559407





ACCOUNTANTS: J & C Accountants Ltd
Wyvols Court
Basingstoke Road
Swallowfield
Reading
Berkshire
RG7 1WY

ICA Solutions Limited (Registered number: 03559407)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 321,819 315,145
321,819 315,145

CURRENT ASSETS
Stocks 4,600 5,000
Debtors 6 65,224 42,869
Cash in hand 275 -
70,099 47,869
CREDITORS
Amounts falling due within one year 7 116,537 97,740
NET CURRENT LIABILITIES (46,438 ) (49,871 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

275,381

265,274

CREDITORS
Amounts falling due after more than
one year

8

(9,145

)

(12,205

)

PROVISIONS FOR LIABILITIES (4,600 ) (2,800 )
NET ASSETS 261,636 250,269

ICA Solutions Limited (Registered number: 03559407)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 10 101 101
Fair value reserve 11 146,000 146,000
Retained earnings 115,535 104,168
SHAREHOLDERS' FUNDS 261,636 250,269

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 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 15 February 2025 and were signed by:





P O Bassil - Director


ICA Solutions Limited (Registered number: 03559407)

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

1. STATUTORY INFORMATION

ICA Solutions Limited is a private company, limited by shares, registered in England and Wales. The registered number is 03559407. The registered office address and business address is Unit 22 Easter Park, Benyon Road, Silchester, Reading, Berkshire, RG7 2PQ.

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 as modified by the revaluation of certain assets.

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

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings - 2% on cost
Plant and machinery etc - 25% on reducing balance and 15% on reducing balance

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

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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.


ICA Solutions Limited (Registered number: 03559407)

Notes to the Financial Statements - continued
for the Year Ended 31 May 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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

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 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 June 2023
and 31 May 2024 6,000
AMORTISATION
At 1 June 2023
and 31 May 2024 6,000
NET BOOK VALUE
At 31 May 2024 -
At 31 May 2023 -

ICA Solutions Limited (Registered number: 03559407)

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

5. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 379,362 66,830 446,192
Additions - 9,850 9,850
At 31 May 2024 379,362 76,680 456,042
DEPRECIATION
At 1 June 2023 79,097 51,950 131,047
Charge for year - 3,176 3,176
At 31 May 2024 79,097 55,126 134,223
NET BOOK VALUE
At 31 May 2024 300,265 21,554 321,819
At 31 May 2023 300,265 14,880 315,145

ICA Solutions Limited (Registered number: 03559407)

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

5. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 31 May 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2012 25,000 - 25,000
Valuation in 2018 100,000 - 100,000
Valuation in 2023 33,000 - 33,000
Cost 231,212 66,830 298,042
389,212 66,830 456,042

** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
FREEHOLD PROPERTY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 379,362
379,362

CLIENT SCREEN TOTAL = 389,212


** TOTAL SHOWN ON CLIENT SCREEN - REVALUATION ANALYSIS - DOES NOT AGREE TO TOTAL OF FIXED ASSET 'COST' ACCOUNT HELD AT END OF YEAR IN RESPECT OF
PLANT AND MACHINERY

'COST' ACCOUNT TOTAL
Cost/valuation b/f 30,310
Additions 9,850
40,160

CLIENT SCREEN TOTAL = 30,310


ICA Solutions Limited (Registered number: 03559407)

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

5. TANGIBLE FIXED ASSETS - continued

If freehold property had not been revalued it would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 231,212 221,362
Aggregate depreciation 79,097 70,524

Freehold property was valued on an open market basis on 31 May 2024 by the director .

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 29,822
DEPRECIATION
At 1 June 2023 20,386
Charge for year 2,359
At 31 May 2024 22,745
NET BOOK VALUE
At 31 May 2024 7,077
At 31 May 2023 9,436

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Trade debtors 65,224 42,869

ICA Solutions Limited (Registered number: 03559407)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans and overdrafts 24,376 30,781
Hire purchase contracts 3,059 3,059
Trade creditors 18,147 3,899
Taxation and social security 42,624 32,683
Other creditors 28,331 27,318
116,537 97,740

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.5.24 31.5.23
£    £   
Hire purchase contracts 9,145 12,205

9. SECURED DEBTS

The following secured debts are included within creditors:

31.5.24 31.5.23
£    £   
Bank overdrafts 24,376 30,781
Hire purchase contracts 12,204 15,264
36,580 46,045

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100
1 Ordinary B £1 1 1
101 101

11. RESERVES
Fair
value
reserve
£   
At 1 June 2023
and 31 May 2024 146,000