INTERNET COMMUNICATIONS LIMITED

Company Registration Number:
02960270 (England and Wales)

Unaudited abridged accounts for the year ended 29 March 2024

Period of accounts

Start date: 30 March 2023

End date: 29 March 2024

INTERNET COMMUNICATIONS LIMITED

Contents of the Financial Statements

for the Period Ended 29 March 2024

Balance sheet
Notes

INTERNET COMMUNICATIONS LIMITED

Balance sheet

As at 29 March 2024


Notes

2024

2023


£

£
Fixed assets
Tangible assets: 3 34,335 45,060
Investments: 4 475,001 2,475,001
Total fixed assets: 509,336 2,520,061
Current assets
Debtors:   1,581,535 2,095,317
Cash at bank and in hand: 609,021 1,417,530
Total current assets: 2,190,556 3,512,847
Creditors: amounts falling due within one year:   (2,648,378) (5,861,750)
Net current assets (liabilities): (457,822) (2,348,903)
Total assets less current liabilities: 51,514 171,158
Creditors: amounts falling due after more than one year:     (152,047)
Total net assets (liabilities): 51,514 19,111
Capital and reserves
Called up share capital: 1,197 1,197
Share premium account: 19,738 19,738
Other reserves: 1,645 1,645
Profit and loss account: 28,934 (3,469)
Shareholders funds: 51,514 19,111

The notes form part of these financial statements

INTERNET COMMUNICATIONS LIMITED

Balance sheet statements

For the year ending 29 March 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 28 March 2025
and signed on behalf of the board by:

Name: J Millman
Status: Director

The notes form part of these financial statements

INTERNET COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2024

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

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 and depreciation policy

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

Other accounting policies

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

INTERNET COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2024

2. Employees

2024 2023
Average number of employees during the period 0 0

INTERNET COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2024

3. Tangible Assets

Total
Cost £
At 30 March 2023 102,980
At 29 March 2024 102,980
Depreciation
At 30 March 2023 57,920
Charge for year 10,725
At 29 March 2024 68,645
Net book value
At 29 March 2024 34,335
At 29 March 2023 45,060

INTERNET COMMUNICATIONS LIMITED

Notes to the Financial Statements

for the Period Ended 29 March 2024

4. Fixed investments

Shares in group undertakings - £475,000 (Ye Mar 23 - £475,000) Other investments - £nil (Ye Mar 23 - £2,000,000)