Registered number
02874323
ICD (UK) Limited
Filleted Accounts
31 March 2024
Adams Root Ltd t/a Adams Root & Associates
Chartered Certified Accountants
Bristol
ICD (UK) Limited
Registered number: 02874323
Balance Sheet
as at 31 March 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 2,344 2,489
Investments 4 52,250 52,250
54,594 54,739
Current assets
Debtors 5 14,300 22,693
Cash at bank and in hand 34,842 11,824
49,142 34,517
Creditors: amounts falling due within one year 6 (64,052) (54,341)
Net current liabilities (14,910) (19,824)
Net assets 39,684 34,915
Capital and reserves
Called up share capital 2 2
Profit and loss account 39,682 34,913
Shareholders' funds 39,684 34,915
Number Number
Average number of employees 2 2
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr J R W Hardy
Director
Approved by the board on 6 March 2025
ICD (UK) Limited
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). The accounts are stated in sterling the
functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 33.33%
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
Pensions
Contributions to defined contribution plans are expensed in the period to which they relate.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Fixtures and fittings
£
Cost
At 1 April 2023 17,739
At 31 March 2024 17,739
Depreciation
At 1 April 2023 15,250
Charge for the year 145
At 31 March 2024 15,395
Net book value
At 31 March 2024 2,344
At 31 March 2023 2,489
4 Investments
Other
investments
£
Cost
At 1 April 2023 52,250
At 31 March 2024 52,250
5 Debtors 2024 2023
£ £
Trade debtors 14,300 22,067
Other debtors - 626
14,300 22,693
6 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 19,983 37,890
Other creditors 44,069 16,451
64,052 54,341
7 Other information
ICD (UK) Limited is a private company limited by shares and incorporated in England. Its registered office is:
20 Durdham Park
Bristol
BS6 3BH
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