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REGISTERED NUMBER: 08669087 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2024

for

Insolvent Claims Solutions Ltd

Insolvent Claims Solutions Ltd (Registered number: 08669087)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Insolvent Claims Solutions Ltd

Company Information
for the Year Ended 31 December 2024







DIRECTOR: Mrs N Crosland Perche





REGISTERED OFFICE: Garden Studio
Plough Mews
London
SW11 2AD





REGISTERED NUMBER: 08669087 (England and Wales)





ACCOUNTANTS: The Sanders Partnership
Chartered Accountants
19 King Street
The Civic Quarter
Wakefield
West Yorkshire
WF1 2SQ

Insolvent Claims Solutions Ltd (Registered number: 08669087)

Balance Sheet
31 December 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 501,199 501,176
Debtors 4 1,829,250 1,834,956
Cash at bank 172,573 54,988
2,503,022 2,391,120
CREDITORS
Amounts falling due within one year 5 813,420 875,612
NET CURRENT ASSETS 1,689,602 1,515,508
TOTAL ASSETS LESS CURRENT LIABILITIES 1,689,602 1,515,508

CREDITORS
Amounts falling due after more than one year 6 4,415 14,806
NET ASSETS 1,685,187 1,500,702

CAPITAL AND RESERVES
Called up share capital 165,000 165,000
Retained earnings 1,520,187 1,335,702
1,685,187 1,500,702

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 14 April 2025 and were signed by:





Mrs N Crosland Perche - Director


Insolvent Claims Solutions Ltd (Registered number: 08669087)

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

1. STATUTORY INFORMATION

Insolvent Claims Solutions 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.

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

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.

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.

Provisions
Provisions are only set up where it is probable that a present obligation exists as a result of an event prior to the balance sheet and that a payment will be required in settlement that can be estimated reliably.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,829,250 1,834,956

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 10,398 10,140
Taxation and social security 33,033 105,752
Other creditors 769,989 759,720
813,420 875,612

Insolvent Claims Solutions Ltd (Registered number: 08669087)

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

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 4,415 14,806

7. ULTIMATE CONTROLLING PARTY

The controlling party is SNCP Limited.

The ultimate controlling party is Mrs N Crosland Perche.