IRIS Accounts Production v25.1.3.33 07017937 director 1.4.24 31.3.25 31.3.25 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh070179372024-03-31070179372025-03-31070179372024-04-012025-03-31070179372023-03-31070179372023-04-012024-03-31070179372024-03-3107017937ns15:EnglandWales2024-04-012025-03-3107017937ns14:PoundSterling2024-04-012025-03-3107017937ns10:Director12024-04-012025-03-3107017937ns10:PrivateLimitedCompanyLtd2024-04-012025-03-3107017937ns10:SmallEntities2024-04-012025-03-3107017937ns10:AuditExempt-NoAccountantsReport2024-04-012025-03-3107017937ns10:SmallCompaniesRegimeForDirectorsReport2024-04-012025-03-3107017937ns10:SmallCompaniesRegimeForAccounts2024-04-012025-03-3107017937ns10:FullAccounts2024-04-012025-03-310701793712024-04-012025-03-3107017937ns10:CompanySecretary12024-04-012025-03-3107017937ns10:RegisteredOffice2024-04-012025-03-3107017937ns5:CurrentFinancialInstruments2025-03-3107017937ns5:CurrentFinancialInstruments2024-03-3107017937ns5:Non-currentFinancialInstruments2025-03-3107017937ns5:Non-currentFinancialInstruments2024-03-3107017937ns5:ShareCapital2025-03-3107017937ns5:ShareCapital2024-03-3107017937ns5:RetainedEarningsAccumulatedLosses2025-03-3107017937ns5:RetainedEarningsAccumulatedLosses2024-03-3107017937ns5:IntangibleAssetsOtherThanGoodwill2024-04-012025-03-3107017937ns5:FurnitureFittings2024-04-012025-03-3107017937ns5:ComputerEquipment2024-04-012025-03-3107017937ns5:PatentsTrademarksLicencesConcessionsSimilar2024-03-3107017937ns5:PatentsTrademarksLicencesConcessionsSimilar2025-03-3107017937ns5:PatentsTrademarksLicencesConcessionsSimilar2024-03-3107017937ns5:FurnitureFittings2024-03-3107017937ns5:ComputerEquipment2024-03-3107017937ns5:FurnitureFittings2025-03-3107017937ns5:ComputerEquipment2025-03-3107017937ns5:FurnitureFittings2024-03-3107017937ns5:ComputerEquipment2024-03-3107017937ns5:WithinOneYearns5:CurrentFinancialInstruments2025-03-3107017937ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3107017937ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2025-03-3107017937ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2024-03-3107017937ns5:DeferredTaxation2024-04-012025-03-3107017937ns5:DeferredTaxation2025-03-31
REGISTERED NUMBER: 07017937 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 March 2025

for

IC Technologies Limited

IC Technologies Limited (Registered number: 07017937)






Contents of the Financial Statements
for the year ended 31 March 2025




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


IC Technologies Limited

Company Information
for the year ended 31 March 2025







DIRECTOR: I Chester





SECRETARY: Mrs S Chester





REGISTERED OFFICE: 51 Military Road
Heddon-on-the-Wall
Newcastle upon Tyne
NE15 0HA





REGISTERED NUMBER: 07017937 (England and Wales)





ACCOUNTANTS: Banks Sheridan
Datum House
Electra Way
Crewe
Cheshire
CW1 6ZF

IC Technologies Limited (Registered number: 07017937)

Statement of Financial Position
31 March 2025

2025 2024
Notes £    £   
FIXED ASSETS
Intangible assets 5 - -
Tangible assets 6 80 107
80 107

CURRENT ASSETS
Debtors: amounts falling due within one year 7 935 37,669
Debtors: amounts falling due after more than
one year

7

-

4,973
Cash at bank and in hand 32,301 27,353
33,236 69,995
CREDITORS: AMOUNTS FALLING
DUE WITHIN ONE YEAR

8

(31,394

)

(61,948

)
NET CURRENT ASSETS 1,842 8,047
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,922

8,154

PROVISIONS FOR LIABILITIES 9 (20 ) -
NET ASSETS 1,902 8,154

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 1,802 8,054
SHAREHOLDERS' FUNDS 1,902 8,154

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 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.

IC Technologies Limited (Registered number: 07017937)

Statement of Financial Position - continued
31 March 2025


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director and authorised for issue on 23 May 2025 and were signed by:





I Chester - Director


IC Technologies Limited (Registered number: 07017937)

Notes to the Financial Statements
for the year ended 31 March 2025

1. STATUTORY INFORMATION

IC Technologies Limited ('The Company') is primarily engaged in engineering consultancy and software sales.

The company is a private company limited by shares and is incorporated in England and Wales. The address of the principal place of business and of the registered office is 51 Military Road, Heddon-On-The-Wall, Newcastle Upon Tyne, NE15 0HA. The registered number can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£). Monetary amounts in these financial statements are rounded to the nearest £.

2. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Summary of significant accounting policies
The principle accounting policies applied in the preparation of these financial statements are set out below.

These policies have been consistently applied to all years presented, unless otherwise stated.

Basis of preparation
The financial statements are prepared on the going concern basis under the historical cost convention and comply with the United Kingdom Accounting Standards and Companies Act 2006.

Going concern
No material uncertainties that may cast significant doubt about the ability of the company to continue as a going concern have been identified by the director, notwithstanding the net asset deficiency at the year end. These views are based on their plans for the future and the continuing personal support they will provide to the company, if and when required.

On this basis the director considers it appropriate to prepare the financial statements on the going concern basis.

Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.

Income is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them.

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.

Intellectual property rights have been amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on cost
Computer equipment - 33.33% on cost


IC Technologies Limited (Registered number: 07017937)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

3. ACCOUNTING POLICIES - continued
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 end of the financial year.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the end of the financial year.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the statement of financial position date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

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.

Impairment of assets
Assets not measured at fair value are reviewed for any indications that the asset may be impaired at each statement of financial position date. If such indications exists the recoverable amount of the asset or the assets cash generating unit is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

Any losses arising from impairment are recognised in the Statement of Comprehensive Income under the appropriate heading.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

IC Technologies Limited (Registered number: 07017937)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

5. INTANGIBLE FIXED ASSETS
Intellectual
property
rights
£   
COST
At 1 April 2024
and 31 March 2025 62,000
AMORTISATION
At 1 April 2024
and 31 March 2025 62,000
NET BOOK VALUE
At 31 March 2025 -
At 31 March 2024 -

6. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 April 2024 134 5,340 5,474
Disposals - (2,318 ) (2,318 )
At 31 March 2025 134 3,022 3,156
DEPRECIATION
At 1 April 2024 27 5,340 5,367
Charge for year 27 - 27
Eliminated on disposal - (2,318 ) (2,318 )
At 31 March 2025 54 3,022 3,076
NET BOOK VALUE
At 31 March 2025 80 - 80
At 31 March 2024 107 - 107

7. DEBTORS
2025 2024
£    £   
Amounts falling due within one year:
Trade debtors - 36,871
Other debtors 935 798
935 37,669

Amounts falling due after more than one year:
Other debtors - 4,973

Aggregate amounts 935 42,642

IC Technologies Limited (Registered number: 07017937)

Notes to the Financial Statements - continued
for the year ended 31 March 2025

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2025 2024
£    £   
Trade creditors 23 24
Taxation and social security 14,280 23,800
Other creditors 17,091 38,124
31,394 61,948

9. PROVISIONS FOR LIABILITIES
2025 2024
£    £   
Deferred tax 20 -

Deferred
tax
£   
Charge to Income Statement during year 4,993
Release of deferred tax asset (4,973 )
Balance at 31 March 2025 20